Is parking easy in Graham, TX?

As of early 2026, 97% of users say parking is easy

Are yards well-kept in Graham, TX?

As of early 2026, 94% of users say yards are well-kept

Is a car needed in Graham, TX?

As of early 2026, 91% of users say car is needed

Do kids play outside in Graham, TX?

As of early 2026, 84% of users say kids play outside

Does Graham, TX show holiday spirit?

As of early 2026, 78% of users say there's holiday spirit

Is Graham, TX dog-friendly?

As of early 2026, 69% of users say it's dog friendly

Would people walk alone at night in Graham, TX?

As of early 2026, 66% of users say people would walk alone at night

As of early 2026, 64% of users say it's quiet

Do residents of Graham, TX plan to stay at least 5 years?

As of early 2026, 58% of users say they plan to stay for at least 5 years

Are neighbors friendly in Graham, TX?

As of early 2026, 55% of users say neighbors are friendly

Is there wildlife in Graham, TX?

As of early 2026, 45% of users say there's wildlife

Are there community events in Graham, TX?

As of early 2026, 36% of users say there are community events

Is Graham, TX walkable to restaurants?

As of early 2026, 31% of users say it's walkable to restaurants

Does Graham, TX have sidewalks?

As of early 2026, 30% of users say there are sidewalks

Is Graham, TX walkable to grocery stores?

As of early 2026, 29% of users say it's walkable to grocery stores

Are the streets well-lit in Graham, TX?

As of early 2026, 23% of users say streets are well-lit

FOR SALE

3D VIEW

320 ACRES

FM 1148
Killeen, TX 76540

$2,464,000

Est. Mortgage $15,195/mo*

Get Pre-Qualified

$2,464,000

Est. Mortgage $15,195/mo*

Get Pre-Qualified

(on 320 acres)

Local Information

-- mins to

Commute Destination

Description

An exceptional opportunity to acquire 320± acres overlooking Possum Kingdom Lake in the heart of Palo Pinto County, featuring Caudill Mountain, a named county summit rising to approximately 1,360+ feet in elevation. This unique high point offers commanding views of Possum Kingdom Lake on one side and a sweeping valley panorama on the other, creating a rare dual-aspect vantage seldom found on privately held ranch land.
The property showcases dramatic topography with rolling hills, rugged slopes, elevated ridgelines, and scenic high points that provide expansive views from multiple locations. Native oak, mesquite, and cedar blend with open pasture and grassed areas, delivering both visual appeal and functional grazing capacity. Two established stock tanks and a water tap enhance the ranch’s recreational and agricultural utility, supporting wildlife and livestock operations. The property benefits from an existing agricultural exemption and is well-suited for cattle operations, hunting, recreational use, and future residential development. The ranch also includes a cellular communications tower generating approximately $500 per month in rental income, with all electrical service and related utility costs paid by the tower operator, providing supplemental passive revenue. With approximately 2,000 feet of FM road frontage, access is provided via an all-weather road and available co-op electric service. The ranch is unzoned and unrestricted, allowing flexibility for a private estate, legacy ranch, recreational retreat, or long-term investment holding. Wildlife is abundant, including whitetail deer, hogs, dove, ducks, and native game species. The varied terrain and vegetation create diverse habitat and natural cover throughout the property. This is a rare opportunity to own a landmark-quality ranch centered around one of Palo Pinto County’s signature high points—offering elevation, views, privacy, income potential, and versatility in a premier Possum Kingdom Lake setting.

Home Highlights

Parking

No Info

Outdoor

No Info

HOA

None

Price/Sqft

No Info

Listed

131 days ago

Home Details for FM 1148

Interior Features
Appliances & Utilities Utilities: Electricity Available, Other, See Remarks
Gas & Electric Has Electric on Property
View Has a ViewView: Water

Exterior Features
Exterior Home Features Fencing: Barbed Wire, Perimeter, WireVegetation: Brush
Frontage Road Frontage: All Weather RoadNot on Waterfront
Surface & Elevation Topography: Hill, Rough

Days on Market
Cumulative Days on Market: 196Days on Market: 131

Property Information
Property Type / Style Property Type: LandProperty Subtype: Unimproved Land
Property Information Usage of Home: Agricultural, Cattle, Investment, Other, Ranch, Residential, Recreational, Single FamilyNot Included in Sale: Four Wheelers and any other ATV/UTV on the property, Mineral RightsParcel Number: 09527

Price & Status
Price List Price: $2,464,000
Status Change & Dates Possession Timing: Close Of Escrow

Active Status
MLS Status: Active

Media
See Virtual Tour

Location
Direction & Address City: GrafordCommunity: ALEX STRINGER
School Information Elementary School: GrafordElementary School District: Graford ISDJr High / Middle School: GrafordJr High / Middle School District: Graford ISDHigh School: GrafordHigh School District: Graford ISD

Agent Information
Listing Agent Listing ID: 21167684

HOA
No HOA

Lot Information
Lot Area: 320 Acres

Offer
Listing Terms: Cash, Conventional, Owner Will Carry

Miscellaneous
Mls Number: 21167684Living Area Range Units: Square FeetWater ViewWater View: WaterAttribution Contact: 469-363-0209Above Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square Feet

Last check for updates: about 12 hours ago

Listing courtesy of Charles Horton 0546099, (469) 363-0209

The Michael Group Real Estate, 469-363-0209

Laura Horton 0546101, (214) 909-4205

The Michael Group Real Estate, (817) 577-9000

Source: NTREIS, MLS#21167684

Also Listed on NTREIS.

Market trends in Graham

Last updated May 2026

Avg. sale price

—

Sale-to-List Price

—

Price per sq ft

—

Available listings

108

3MoM

Price History for FM 1148

Date	Price	Event	Source
08/04/2025	$2,464,000	Listed For Sale	NTREIS #21018181

06/26/2025	$2,464,000	ListingRemoved	NTREIS #20836498

02/11/2025	$2,464,000	Listed For Sale	NTREIS #20836498

05/31/2024	$2,464,000	ListingRemoved	NTREIS #20196641

11/08/2022	$2,464,000	Listed For Sale	NTREIS #20196641

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Comparable Sales for FM 1148

Address	Distance	Property Type	Sold Price	Sold Date	Bath	Sqft
1925 Fawn Cir, Graford, TX	1.78	Lot/Land	-	06/25/25	-	-
3500 Hog Bnd #66, Graford, TX	2.55	Lot/Land	-	08/14/25	-	-
5 Breakwater Bnd, Graford, TX	2.57	Lot/Land	-	09/02/25	-	-
Lot-162R Agarita Cir, Graford, TX	2.97	Lot/Land	-	01/01/26	-	-
Fm Road 1148, Graford, TX	3.42	Lot/Land	-	03/17/26	-	-
4445 Chapel Rd, Graham, TX	3.45	Lot/Land	-	02/06/26	-	-
3500 Hog Bnd #140, Graford, TX	3.59	Lot/Land	-	11/07/25	-	-
1055 Waterfall Way, Graford, TX	4.00	Lot/Land	-	10/15/25	-	-
1002 Highland Dr, Graford, TX	4.01	Lot/Land	-	08/29/25	-	-
905 Blue Jay Ln, Graford, TX	4.07	Lot/Land	-	04/07/26	-	-

Nearby homes

Get a sense of prices in the area by checking nearby homes.

Skip to last item

OFF MARKET
Est. $1,586,600
5 bd
3.5 ba
2,542 sqft
5437 FM 1148,
Graham, TX 76450
SOLD
JUN 5, 2026
3 bd
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5439 FM 1148,
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JUN 5, 2026
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OFF MARKET
Est. $520,100
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Est. $875,100
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OFF MARKET
Est. $3,206,000
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OFF MARKET
Est. $1,445,100
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Skip to first item

Additional Cost

Assigned Schools

These are the assigned schools for FM 1148.

Graford School
PK-12
Public
339 Students
Graford Independent School District
6/10
GreatSchools Rating
Parent Rating Average
No reviews available for this school.
Check out schools near FM 1148.

View nearby schools on GreatSchools

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Graham

At least 38 Trulia users voted on each feature.

97 % Say parking is easy
94 % Say yards are well-kept
91 % Say car is needed
84 % Say kids play outside
78 % Say there's holiday spirit
69 % Say it's dog friendly
66 % Say people would walk alone at night
64 % Say it's quiet
58 % Say they plan to stay for at least 5 years
55 % Say neighbors are friendly
45 % Say there's wildlife
36 % Say there are community events
31 % Say it's walkable to restaurants
30 % Say there are sidewalks
29 % Say it's walkable to grocery stores
23 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.

D5t7h7tmky
Resident
2y ago
"I know every neighbors name. I also feel very safe letting my children play out in the front yard and ride their bikes around the block. "
0
Flag
Chelsea_bates
Resident
5y ago
"There are many families in our neighborhood and the community is very tight, everyone looks out for one another. "
1
Flag
Kari.bullard
Resident
6y ago
"Frequently walk our own dogs through the neighborhood. Like it here. Good family friendly area with park nearby"
0
Flag
Kari.bullard
Resident
6y ago
"Friendly small town. Very safe. Lots a activities for small children. Recommended highly. Good resources for a small town. Nice place to raise a family. "
1
Flag
Kari.bullard
Resident
6y ago
"Friendly neighborhood. Good atmosphere. Like it here in graham. Small town feel. Neighbors watching Neighbors "
0
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Kari.bullard
Resident
6y ago
"Live here and raised my children here for 7yrs. Nice downtown area. Plenty to do for this small town"
0
Flag
Sugar R.
Resident
6y ago
"it is small town living with all the things you need close at hand. schools are awesome and the town backs the kids activities. Law enforcement is exceptional."
0
Flag
Charlie S.
Resident
7y ago
"Excellent community to raise a family, location to area lakes is ideal & the available hunting is great"
2
Flag
Laurie M. H.
Resident
8y ago
"Everybody is crazy. But good hearted. Loved living here, you have a lot to do in summer time. Fish,ski,scuba dive, Graham Drive in theater,movie theater,bowling Alley, beautiful trees, kyacking, etc......."
0
Flag
Sue R.
13y ago
"Peaceful surrounding, great neighbors, great restaurant just around the corner! Beautiful lawn and mature trees, lots of shade!!!"
0
Flag

LGBTQ Local Legal Protections

Charles Horton, The Michael Group Real Estate, 469-363-0209

Agent Phone: (469) 363-0209

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

FM 1148, Killeen, TX 76540 is a lot/land. This property is currently available for sale and was listed by NTREIS on Feb 1, 2026. The MLS # for this home is MLS# 21167684.

FM 1148
Killeen, TX 76540

$2,464,000

$2,464,000

Local Information