7158 LUELLA ROAD, SHERMAN, TX 75090
Homes for sale in Sherman.
Homes for sale in 75090.
List Price$1,499,900
7158 Luella Road
Sherman, TX 75090
Listing #21280668
About This Property
Luxury ranch estate on nearly 20 cross-fenced acres in the rapidly growing Sherman market, just minutes from Highway 75, downtown Sherman, and the expanding Texas Instruments development corridor. This custom-built 4-bedroom, 2.5-bath brick home offers approximately 2,424 SF of thoughtfully designed living space featuring open-concept living, custom hickory and pecan cabinetry, cedar trim, historic tin accents, formal dining, spacious kitchen island, fireplace, and panoramic sunset views. Designed for both lifestyle and functionality, the property includes a large deck, above-ground pool, fire pit, covered parking, and beautifully maintained grounds. The impressive 60x64 barn is fully equipped with electricity, water, wash rack, feed area, holding pens, riding arena, and fenced pastures, making it ideal for equestrian, cattle, agricultural, or recreational use. The flat, usable land with no water bodies offers exceptional flexibility and is ready to build, expand, or create the ranch estate, event venue, additional structures, or investment project you envision. AG exemption status offers additional long-term value and potential tax advantages. Currently leased and generating rental income, this turnkey property presents multiple opportunities for investors, ranch operators, or buyers seeking a luxury rural retreat with income potential. The continued economic growth in North Texas and proximity to major employers position this property for strong long-term appreciation and future development upside. Additional highlights include high-speed internet, updated HVAC, and tankless water heater. Whether utilized as an executive rental, equestrian ranch, private retreat, or long-term land investment, this is a rare opportunity to own a cash-flowing luxury ranch in one of North Texas' fastest-growing regions.
Property Features
Location Information
County
Grayson
Subdivision
G-0430 FITCH BEN F A-G0430, ACRES 10.0
Interior Features
Rooms
First Floor Bedroom, First Floor Bedroom, First Floor Bedroom, First Floor Dining Room, First Floor Full Bath, First Floor Full Bath, First Floor Half Bath, First Floor Kitchen, First Floor Living Room, First Floor Primary Bedroom, First Floor Utility Room
Has Fireplace
Yes
Interior
Decorative/Designer Lighting Fixtures, High Speed Internet
Number of Fireplaces
1
Master Bedroom Description
15 x 18
Heating
Central, Electric
Full Baths
2
Cooling
Ceiling Fan(s), Electric
1/2 Baths
1
Floors
Carpet, Ceramic Tile
Dining Room Description
13 x 12
Laundry
Washer Hookup, Electric Dryer Hookup
Living Room Description
18 x 25
Appliances
Dishwasher, Electric Range, Disposal
Kitchen Description
22 x 13
Exterior Features
Style
Traditional, Detached, Farmhouse
Has a Pool
Yes
Stories
1
Pool Description
Above Ground, Pool
Construction
Brick, Rock, Stone
Is a Horse Property
Yes
Foundation
Slab
Lot Size in Acres
19.873
Roof
Composition
Lot Size in Sq. Ft.
865,667
Utilities
Electricity Available, Sewer Available, Septic Available, Separate Meters, Underground Utilities, Water Available
Current Use
Agricultural, Cattle, Grazing, Horses, Livestock, Singl
Parking Description
Carport
Possible Best Use
Agricultural, Cattle, Grazi
Has Garage
Yes
Road Description
Asphalt
Garage Spaces
2
Is One Story
Yes
Patio / Deck Description
Deck
School
Elementary School District
Tom Bean ISD
Jr. High School
Tom Bean
Elementary School
Tom Bean
High School
Tom Bean
Additional Information
Year Built Details
Preowned
Year Built
2008
Property Type
FRM
Status
Active
Property SubType 2
House
Has a Home Owners Association
No
Property SubType
Farm
Tax Annual Amount
5663.0
Similar Listings
Mortgage Calculator
$7,002
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$5,404
Monthly Tax
$1,249
Monthly Insurance
$349
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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