538 FM 52 Private 195.5-acre retreat near Possum Kingdom Lake with a 3 bed, 2 bath home, a 2, 400 SF barn, and a water supply most land in Palo Pinto County lacks. Four 700 ft wells produce 170 GPM combined (roughly 244, 800 gallons per day of capacity) and deliver water to four separate areas of the property. Two stock tanks support livestock and recreation. The supply is drought-resilient, with capacity for recreational lakes or intensive irrigation. The 1, 120 SF home includes a 560 SF patio, and the barn is open on both sides with two shipping containers for storage. Rolling topography creates elevated build sites with long, unobstructed views, suited to a weekend place, estate-lot subdivision, or small-business use. Deer, turkey, and hogs on site, plus a one-acre enclosed food plot and deer blinds. 1, 410 ft of FM 52 frontage with convenient utility access. About 6 minutes to Graford's services and schools, 20 to the lake, and 72 to Fort Worth. Ag exemption in place.