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Investment Highlights

  • 10.5-acre premium lakefront homesite (Lot 2) Located in gated Warner Reserve ranch community
  • Located in OZ
  • Ideal for custom ranch, luxury estate, or weekend retreat
  • Convenient access to I-35, ~45 mins to Dallas, ~30 mins to Waco
  • Strong long-term investment and legacy property potential
  • Approx. 1,900-acre master-planned community ~1,000 acres preserved as shared open space

Executive Summary

Discover an extraordinary opportunity to own 10.5 acres in Lot 2 of Warner Reserve, a private, master-planned gated ranch community in Milford, Texas. This exceptional homesite backs to a beautiful lake with catch-and-release fishing, offering peaceful water views and a rare connection to nature that is increasingly difficult to find within reach of the Dallas-Fort Worth metroplex.
With gently rolling terrain, open space, and scenic surroundings, this lot provides the ideal canvas to build a custom ranch estate, luxury retreat, or weekend getaway. Whether you envision a modern farmhouse, a legacy ranch, or a private escape from city life, Lot 2 offers the space, privacy, and natural beauty to bring your vision to life.
Warner Reserve is a thoughtfully designed, one-of-a-kind ranch community spanning approximately 1,900 acres, with nearly 1,000 acres preserved as shared open land for approximately 95 owners. This unique concept allows residents to enjoy the benefits of expansive acreage, without the maintenance of owning it all individually. The result is a rare blend of private ownership combined with access to vast recreational land.
Residents will enjoy a lifestyle centered around nature, relaxation, and outdoor living. The community features scenic trails for walking, hiking, and horseback riding, mature trees, stocked fishing ponds, and abundant wildlife including deer and native species. It is an ideal setting for those who appreciate peaceful surroundings, wide-open skies, and refined country living.
Planned amenities further enhance the appeal of Warner Reserve, including a beautifully designed clubhouse expected to feature gathering spaces, dining, fitness, and resort-style outdoor areas. This elevates the community beyond traditional rural land offerings, creating a destination that blends luxury with nature.
One of the standout advantages of this property is its accessibility. Located approximately 45 minutes south of Dallas and about 30 minutes from Waco, with convenient access to Interstate 35, Warner Reserve allows you to enjoy rural tranquility without sacrificing connectivity to major employment centers, dining, shopping, and entertainment.
Lot 2 is among the most desirable homesites in the community due to its premium lake backing location, offering serene views and enhanced privacy. The orientation and natural topography provide multiple build options, making it suitable for a variety of architectural styles and layouts.
This property is ideal for a range of buyers:
• Individuals seeking a private luxury ranch estate
• Families looking to create a generational legacy property
• Investors looking for long-term land appreciation
• Buyers seeking a weekend retreat within driving distance of DFW
Utilities are in place, and the community infrastructure is designed to support modern living while preserving the natural landscape. High-speed connectivity options ensure you can work remotely while enjoying the peace of country life.
Opportunities like this are rare. Large acreage, gated access, community planning, and natural beauty are seldom combined in such a strategic location. Warner Reserve offers not just land, but a lifestyle—one centered on space, privacy, and connection to nature.
If you have been searching for a distinctive property that offers both investment potential and personal enjoyment, Lot 2 at Warner Reserve is a must-see.

Property Facts

Price $1,268,074 CAD
Sale Type Investment or Owner User
Sale Conditions
1031 Exchange
  • Build to Suit
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Agricultural
Total Lot Size 10.45 AC
Opportunity Zone Yes

1 Lot Available

Lot 2

Price $1,268,074 CAD
Price Per AC $121,346.83 CAD
Lot Size 10.45 AC

10.5-acre Lot 2 in Warner Reserve, a gated ranch community in Milford, TX. Lakefront homesite with scenic views, rolling terrain, and privacy. Ideal for a custom ranch home, weekend retreat, or investment. Easy access to Dallas and Waco.

Description

Exceptional 10.5-acre homesite located in the prestigious Warner Reserve, a private, master-planned gated ranch community in Milford, Texas. Lot 2 offers a rare lakefront setting with peaceful water views and direct access to a stocked catch-and-release fishing lake, creating a serene and highly desirable backdrop for a custom ranch estate or luxury retreat. The property features gently rolling terrain, open build areas, and scenic natural surroundings, providing flexibility for a variety of home designs. Whether building a full-time residence, weekend getaway, or long-term investment property, this lot offers privacy, space, and a true connection to nature. Warner Reserve spans approximately 1,900 acres, with nearly 1,000 acres preserved as shared open land for approximately 95 owners. This unique community design allows property owners to enjoy expansive acreage, scenic trails, mature trees, and abundant wildlife without the burden of maintaining large tracts individually. Planned amenities include a clubhouse with gathering spaces, outdoor recreation areas, and resort-style features that enhance the overall lifestyle experience. Utilities are in place, including electricity and high-speed internet availability, making the property ready for development. The gated entrance and private road access provide security and exclusivity while maintaining a peaceful rural atmosphere. Conveniently located approximately 45 minutes south of Dallas and 30 minutes from Waco with easy access to I-35, the property combines country living with accessibility to major employment centers, retail, and dining destinations. Lot 2 is one of the most desirable parcels within the community due to its premium lakefront location, offering enhanced privacy, scenic views, and long-term value potential. Ideal for buyers seeking a private ranch estate, legacy property, recreational retreat, or land investment in a thoughtfully planned North Texas community.

Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
  • Listing ID: 40214142

  • Date on Market: 2026-04-20

  • Last Updated:

  • Address: 5158 FM 308, Milford, TX 76670

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