7158 LUELLA ROAD, SHERMAN, TX 75090

Homes for sale in Sherman.

Homes for sale in 75090.


Active

List Price$1,499,900

7158 Luella Road

Sherman, TX 75090

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #21280668

4

Bedrooms

2 full, 1 partial

Bathrooms

2,424

Square Feet

Farm

Type

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

Real Estate IDX Powered by iHomefinder