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$158,000 Just Listed
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Property Description
Golden opportunity to own a beautiful 1-acre waterfront homesite with 100 feet of shoreline on the main body of water in Mountain Lakes Ranch. Ideally located near the front of the development, this property offers both convenience and the peaceful charm of lakeside living. The land has been cleared leaving scattered trees, including native, oak and pecan, creating a picturesque setting while still providing plenty of space to build your dream retreat. A meandering drive leads down to the water's edge, where a thoughtfully designed outdoor space invites you to relax and enjoy the view. At the shoreline, you'll find a steel pavilion with a custom hammock area, surrounded by pea gravel and a picnic table, perfect for unwinding after a long day or hosting lakeside gatherings. Three large oak stumps provide natural seating, ideal for fishing, watching the sunset, or simply enjoying the tranquil waterfront atmosphere. Mountain Lakes Ranch owners enjoy a variety of amenities including two private lakes, a clubhouse, community pool, RV park, storage facilities, and more, all set within a scenic hill country environment. Bring your plans, your fishing pole, and your vision; this exceptional waterfront property is ready for it all.
Full Property Details
Full Property Details for Lt 305 Compass Way
General
- Price: $158,000
- HOA FEE: $25/month
- HOA FEE FREQ.: Annually
- Taxes: $1,120
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21231868
- Updated: 4/11/2026
- Added to Site: 3 day(s) ago
Additional Information
- Shared Pool: Yes
- Pool: Yes
- Pool Description: Community
Parking
- Parking Features: RV Access/Parking
Location
- County: Erath
- Subdivision: Mountain Lakes Sec 02
- Driving Directions: From US377 in Bluff Dale, turn onto FM2481, turn left at Anglers Cove, at Compass Way turn left, see sign on right.
School Information
- Elem School District: Bluff Dale ISD
- Midd School District: Bluff Dale ISD
- High School District: Bluff Dale ISD
- Elementary School: Bluff Dale
- Middle School: Bluff Dale
- High School: Bluff Dale
Community
- Association: Yes
- Assoc. Name: Mountain Lakes Ranch-Steve & Anna Baker
- Assoc. Fees Include: All Facilities, Association Management
Utilities
- Water: Community/Coop
- Utility Description: Electricity Available, Water Available
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Hunting, Residential, Recreational, Single Family
Lot Features
- Property View: Water
- Lot Size (Acres): 1.014
- Lot Size (Sq. Ft.): 44,169.84
- Frontage: All Weather Road, Asphalt
- Lot Features: Acreage, Many Trees, Subdivision, Waterfront
- Development Status: Site Plan Approved, Streets Installed
- Potential Use: Residential, Recreational, Single Family
- Trees/Vegetation: Cleared, Partially Wooded
- Zoning: Residential
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Lake Front, Waterfront
- Lake Front: Yes
- Boat Dock Slip: Yes
Financial Considerations
- Association Fee: $295
- Assoc Fee Freq.: Annually
- Tax Amount: $1,120
Disclosures and Reports
- Legal Description: ACRES: 1.014 S6760 MOUNTAIN LAKES SECTION TWO
- Property ID: R000067367
- Lot Number: 305
Listed by Donaho Real Estate Group, Paula Donaho
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Price & Sales History for Lt 305 Compass Way
Date
Details
Price
Change
Source
4/11/2026
Listed
$158,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for Lt 305 Compass Way
Lt 305 Compass Way, Bluff Dale, TX 76433 (MLS# 21231868) is a Lots/Land property with a lot size of 1.014 acres. Lt 305 Compass Way is currently listed for $158,000 and was received on April 11, 2026. Want to learn more about Lt 305 Compass Way? Do you have questions about finding other Lots/Land real estate for sale in Bluff Dale? You can browse all Bluff Dale real estate or contact a Coldwell Banker agent to request more information.

