Build-ready lakefront lot on the coveted Peninsula at Possum Kingdom Lake with no tear-down required. Located in a quiet limestone cove just off Park Road 36, this rare property offers the perfect combination of privacy, convenience, and family-friendly features. The lot sits in a no-wake zone, making it ideal for safe swimming, paddleboarding, and fishing right off the shoreline. Calm, protected water allows kids to enjoy the lake safely, while parents relax knowing boat traffic is limited in this secluded cove. A private dock is permitted, giving you the opportunity to customize your own lake access point. The property is just minutes from all Peninsula amenities including grocery store, restaurants, and retail shops, yet tucked away enough to offer peace and quiet. The location also provides easy boat access to nearby marinas and gas docks, and the channel just beyond the cove offers some of the best calm-water skiing on the lake, even on windy summer days. The gently sloping lot is ideal for a single-story home. A custom 3000 sq ft building plan is available featuring three bedrooms, two and a half bathrooms, and two spacious living areas, both positioned to take advantage of the north-facing views up the lake channel. The master suite opens directly to the lakeside, overlooking natural limestone shoreline and quiet water. Afternoon shade from the hillside to the west provides comfort and cooler temperatures for outdoor relaxation. Surrounded by BRA greenbelt property on multiple sides, the lot offers additional privacy and scenic nature views. Short-term rentals are allowed, making this property not only a perfect spot to build your family lake retreat but also a strong investment opportunity in one of Possum Kingdom’s most desirable areas. Opportunities to build new on the Peninsula are increasingly rare, especially with direct lake access and no demolition needed. This is your chance to create something special.