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Acreage Homesite Backing to Lake
For Sale
$915,888

FM 308, Milford, TX 76670

Land, Milford, TX

Property SizeContact for details
Lot Size10.45 Acres
Days on Market153

Property Features for FM 308

General Information

Property type Land
Property subtype Other
Zoning description Ag Ranch
Vegetation Grassed
Subdivision Warner Reserve
Lot features Acreage, Agricultural, Irregular Lot, Level, Subdivided, City Lot
View Water
Elementary school Milford
Middle school Milford
High school Milford
Elementary school district Milford ISD
Middle school district Milford ISD
High school district Milford ISD
Directions From I35 E South exit 384 onto Derrs Chapel Rd, Turn left onto Derrs Chapel Rd, Turn right onto Morgan Rd, Turn right onto S US HWY 77, Turn right onto FM-308 then the destination will be on your left.
Standard status Active
APN 000000000
Lot size 10.45 Acres

Taxes and HOA fees

HOA Fee $2,000 Annually

Utilities

Sewer type Public Sewer
Water front features Creek
Water front 1
Listing Agency: Keller Williams Frisco Stars · Keller Williams Realty
Listed By: Swati Shah · License #0606077
Added: Apr 2 Changed: Aug 19 Last Checked: Sep 1 at 10:06PM
MLS# 21204483

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Lot 2 in Warner Reserve offers 10.45 acres of acreage within a private, master-planned, gated ranch community in Milford, Texas. The homesite backs to a lake with catch-and-release fishing and provides water views with a sense of privacy. With gently rolling terrain and scenic surroundings, it’s positioned to support a custom ranch home and outdoor living.

Warner Reserve is described as spanning approximately 1,900 acres, with nearly 1,000 acres planned as shared open land for approximately 95 owners. Residents are intended to have access to scenic trails, mature trees, stocked fishing ponds, and abundant wildlife. The property is located on FM 308 in Milford, about 45 minutes south of Dallas and approximately 30 minutes from Waco, with easy access to I-35. Public sewer service is listed for the site.

Key Highlights

  • Lot 2 within Warner Reserve, a private, master‑planned gated ranch community
  • 10.45 acres with gently rolling terrain and water views
  • Backs to a lake with catch‑and‑release fishing

Property Analytics

Current Use

Residential land & home ...

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

6
Businesses Nearby

Demographics for 76670, TX

1,512
Population
752
Households
2
Avg Household Size
40
Median Age
8%
College-Educated
83%
High-School Grad
67.4 sq mi
ZIP Area
22
Density / Sq Mi
$59,620
Median Household Income
$35,250
Median Earnings
$953
Median Rent
$194,000
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Homesite backs to a lake with catch-and-release fishing in a gated ranch community, with public sewer available.
Where is this residential land & home lot located?
The property is located at FM 308 Milford, TX.
What is the asking price?
The asking price for this property is $915,888.
What are key features of this property?
This property features: Lot 2 within Warner Reserve, a private, master‑planned gated ranch community; 10.45 acres with gently rolling terrain and water views; Backs to a lake with catch‑and‑release fishing
More about this property
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