1669-A County Road 328
About This Property
Discover +/-70 acres of prime Central Texas land just south of Milano, featuring a nearly 2-acre lake, live water from Sugar Mill Branch Creek, and diverse wooded terrain. This property offers an incredible setting to build your dream home overlooking the water while enjoying privacy, recreation, and long-term investment potential.
The lake is fed year-round by Sugar Mill Branch Creek and is known for excellent bass fishing, creating both a recreational asset and a scenic homesite backdrop. The creek area includes standing timber and natural vegetation, ideal for waterfowl and wildlife.
Approximately 60% wooded with a mix of oak, yaupon, elm, and cedar, the property provides excellent habitat for deer and hogs, making it ideal for hunting, recreation, or a private ranch retreat.
With no restrictions (other than large commercial poultry operations), you have the freedom to build a home, barndominium, shop, or barn. In the meantime, enjoy immediate use for camping, hunting, fishing, ATV riding, or horseback riding.
Accessed via CR 328 just minutes from Highway 36, this property offers convenient access while maintaining a private setting. Located about 10 minutes to Milano, 20 minutes to Caldwell, and 45 minutes to Bryan-College Station, it sits in a highly desirable Central Texas location.
If you're searching for land for sale near Milano TX with water, hunting, and flexibility, this property delivers.
Schedule your showing today and experience the potential of this exceptional Milam County tract.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 7, 2026 | Listed by Keller Williams Realty | $795,000 | |
| Listed by Keller Williams Realty | |||
| Mar 31, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Feb 3, 2026 | Relisted | $875,000 | |
| Relisted | |||
| Feb 1, 2026 | No longer available | - | |
| No longer available | |||
| Oct 30, 2025 | Price Increased |
$875,000
↑ $75K
(9.4%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017