The property at 1019 E. Hells Gate Dr. in Graford, Texas, is currently listed for $7 million.

Anyone familiar with North Texas knows that the Hell’s Gate Fireworks Show at Possum Kingdom Lake is hands down the best July 4 party around. And if Possum Kingdom is the lake of the summer, then Hell’s Gate is the party cove. Here boaters, water skiers, and sunbathers flock to see and be seen at one of the hottest lakefront celebrations of the season.

This year we called on the experts to narrow down the best spots on the lake to celebrate. Whether you’re in the market for a splurge, or looking for a steal, each of these lake homes offer spectacular outdoor spaces for entertaining, and exceptional views of the Hell’s Gate fireworks. Get your pocketbooks ready people, these properties are hot, hot, hot!

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The team of federal firefighters and officials from several U.S. agencies has joined local forces to battle that North Texas blaze that has burned nearly 150,000 acres over in Possum Kingdom, about 70 miles west of Fort Worth. About 160 homes have been destroyed since the fire started a week ago, according to authorities. The blazes have also taken the life on one firefighter. This is what’s left of a large home at Possum Kingdom. It almost looks like the smouldering Thornfield at the end of Jane Eyre.