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Investment Highlights

  • ±9.64 acres for single-family or custom home development within The Preserve master plan.
  • Rare large-lot development opportunity in an area with growing luxury and semi-rural lifestyle demand.
  • Potential to leverage area growth for premium lot pricing and sustained absorption.
  • Scenic setting near Millerton Lake offering recreational amenities and dramatic mountain vistas.
  • Convenient access to Fresno and the broader Central Valley via well-connected routes.

Executive Summary

The Preserve at Millerton Lake TM 3.2 offers a strategic investment opportunity in one of Central California’s most scenic and sought-after residential growth corridors. Spanning approximately 9.64 acres, this property is positioned within The Preserve master-planned community, steps from the natural beauty of Millerton Lake and an easy drive to Fresno.
Zoned for residential development and ideally suited for a planned unit project, this site enables builders or investors to deliver a high-end lifestyle enclave with panoramic mountain and valley views. Designed with infrastructure readily accessible, the location aligns with demographic trends favoring suburban luxury living, eco-conscious design, and recreational proximity. The property’s adjacency to The Preserve’s vision—a thoughtfully curated community—adds long-term value and marketability.
With access from major routes linking to Fresno Yosemite International Airport and employment hubs, this offering combines development flexibility with buyer demand for low-density, high-quality neighborhoods near water recreation. Target users include regional builders, private developers, or investor groups seeking shovel-ready opportunities that capture Central California’s upward population and housing trends.

Property Facts

Price $3,150,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Planned Unit Development
  • Single Family Development
  • Single Family Residence
Total Lot Size 9.64 AC

1 Lot Available

Lot

Price $3,150,000
Price Per AC $326,763.49
Lot Size 9.64 AC

The Preserve at Millerton Lake TM 3.2 offers a strategic investment opportunity in one of Central California’s most scenic and sought-after residential growth corridors.

Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
  • Listing ID: 37131733

  • Date on Market: 8/5/2025

  • Last Updated:

  • Address: The Preserve At Millerton Lake TM 3.2, Friant, CA 93626

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