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7158 Luella Road Sherman, TX 75090
4 Beds
3 Baths
2,424 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Farm/Ranch
Listing Status Active
Purchase Type For Sale
Square Footage 2,424 sqft
Subdivision G-0430 Fitch Ben F A-G0430, Acres 10.0
MLS Listing ID 21280668
Style Traditional
Bedrooms 4
Full Baths 2
Half Baths 1
HOA Y/N None
Year Built 2008
Annual Tax Amount $5,663
Lot Size 19.873 Acres
Acres 19.873
Property Sub-Type Farm/Ranch
Property Description
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.
Location
State TX
County Grayson
Direction Use GPS
Rooms
Dining Room 1
Interior
Interior Features Decorative Lighting, High Speed Internet Available
Heating Central, Electric
Cooling Ceiling Fan(s), Electric
Flooring Carpet, Ceramic Tile
Fireplaces Number 1
Fireplaces Type Gas Logs, Insert
Appliance Dishwasher, Disposal, Electric Range
Heat Source Central, Electric
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Garage Spaces 2.0
Carport Spaces 2
Pool Above Ground
Utilities Available Aerobic Septic, Asphalt, Co-op Electric, Individual Water Meter, Outside City Limits, Private Sewer, Rural Water District, Septic, Sewer Available, Underground Utilities
Roof Type Composition
Total Parking Spaces 2
Garage Yes
Private Pool 1
Building
Story One
Foundation Slab
Level or Stories One
Structure Type Brick,Rock/Stone
Schools
Elementary Schools Tom Bean
Middle Schools Tom Bean
High Schools Tom Bean
School District Tom Bean Isd
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21280668
