Retired Lakefront Owner Needs to Sell Now! Custom Built Home features the best price per sq. ft. in Gaines Bend. Fantastic views of Hells Gate on Possum Kingdom Lake. Sitting 90 feet above the water, this property offers a front row seat to the 4th of July fireworks show. This Mediterranean 2 story home offers 2 living areas with an open floor plan. Located in a private setting with 237 feet of waterfront. The Master bedroom with whirlpool tub is the perfect escape after a day on the lake. Gaines Bend boat slips are available nearby.