Tucked into a quiet, protected cove at the approach to Hell's Gate, this nearly one-acre Gaines Bend property offers expansive water views, calm no-wake water, and one of the most recognizable locations on Possum Kingdom Lake. The 3-bedroom, 3-bath home is positioned to capture sweeping sunset views while enjoying the privacy of a protected cove just outside the activity of Hell's Gate. From its elevated setting, you can watch fireworks light up the sky overhead - close enough to enjoy the show, yet removed from the congestion and heavy boat traffic. Designed for gathering and easy lake living, the home opens to layered composite decks that create multiple outdoor living zones. A covered patio with fireplace, grilling station, and open-air lounge areas overlook the water, while a lakeside tiki retreat provides a tucked-away perch near the shoreline. Inside, the layout is comfortable and functional, offering flexibility for weekend guests or full-time lake living. A stone retaining wall and stairway lead to a private dock with boat lift in approximately 12 feet of water at full pool. The nearly one-acre setting provides uncommon elbow room in Gaines Bend - space for lake toys, gatherings, and future personalization. Whether envisioned as a weekend escape or full-time lake residence, this property offers the rare balance of protected water, iconic proximity, and room to make it your own.