North Texas Real Estate Blog

If you and your family are looking for a change of scenery but need to stay close to your current home in Southlake real estate, Colleyville real estate, Grapevine real estate, Flower Mound real estate, or the Tarrant County area, consider investing in a second home.  With rising market values, if a second home doesn’t fit into the budget now, consider buying a plot of North Texas real estate to build on later.  For starters, we suggest weekend visits to Possum Kingdom Lake and Lake Granbury. 

Possum Kingdom Lake is just far enough away from the metropolitan area to attract a stable group of residents, many who linger longer than the occasional weekend.  With 360 miles of shoreline, Possum Kingdom Lake is about two hours from Tarrant County real estate directly west of Southlake.  Of course, since the lake is 63 miles long, the driving time depends on exactly where both of your homes are located.

“PK” is one of the area’s biggest and clearest lakes.  Parts of it are owned by the Brazos River Authority and are reserved as pristine open spaces.  Expect to find views of roseate bluffs overlooking the lively Brazos River and plenty of rural roads.  Lake living at PK is perfect for boating and fishing, hiking the rugged terrain, and gazing at the dramatic skies.

A variety of real estate options are available including tree-lined gated communities offering condos as well as single-family homes, old cabins, manufactured homes, property on the lakefront or slightly inland, community amenities such as docks, and lots.  It is possible to find a getaway for as little as $30,000, but there are more options in the mid-to-high income bracket.  Property values have tripled in the last several years and will most likely continue to rise.  Investing now is the better part of wisdom, even if you must start small.

On another note, Lake Granbury is the place to cart those golf clubs.  A bit more civilized, it has seven golf courses, a charming town square, and fine dining options.  Only 30 minutes from Fort Worth, Lake Granbury is not new to area residents who need a quick weekend away from it all.  Development has recently focused on accommodating the boomers who want maintenance-free vacation homes. 

Another trend right now is for people to downsize to a small place in the city for the workweek, and to find a larger property in a gated community on the river for a permanent residence.  These properties may run from $350,000 to $750,000 in gated communities, but there are some affordable options under $100,000 such as mobile homes and small condos on the lake.

Owning a lakefront second home, residents find it easier to unplug from the responsibilities and pressures of the city, improving their quality of life.