Listing provided courtesy of Krishna Madhireddy, Broker- MLS# 21280668MLS ProviderContact Information: Krishna Madhireddy

7158 Luella RoadSherman, TX 75090

Farm/Ranch · 4 Beds · 2 Full Baths · 1 Half Bath · 2,424 Sq. ft. | 19.87 Acres
$1,700,000 Active

7158 Luella Road Overview

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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.

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7158 Luella Road Facts & Features

  • Type Farm/Ranch
  • Sq. ft. 2,424
  • Price/Sq.ft. $701
  • Lot 19.87 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Tom Bean ISD
  • Elementary School: Tom Bean
  • Middle Or Junior School: Tom Bean
  • High School: Tom Bean

Building Information

  • Year Built: 2008
  • Year Built Details: Preowned

Business Information

  • Current Use: Agricultural,Cattle,Grazing,Horses,Livestock,Single Family

Location/Region

  • Country: US
  • County Or Parish: Grayson
  • Postal City: SHERMAN
  • Subdivision Name: G-0430 FITCH BEN F A-G0430, ACRES 10.0

Tax Information

  • Tax Annual Amount: 5663.0

General Information

  • Listing Terms: Cash,Conventional,1031 Exchange
  • Parcel Number: 129226
  • Possible Use: Agricultural,Cattle,Grazing,Horses,Livestock,Single Family
  • Property Sub Type: Farm
  • Property Type: Residential

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Bathrooms Total: 3
  • Bedrooms Total: 4

General Information

  • Appliances: Dishwasher,Electric Range,Disposal
  • Basement: No
  • Fireplace Features: Insert,Gas Log
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Flooring: Carpet,Ceramic Tile
  • Foundation Details: Slab
  • Interior Features: Decorative/Designer Lighting Fixtures,High Speed Internet
  • Laundry Features: Washer Hookup,Electric Dryer Hookup
  • Levels: One
  • Living Area: 2424.0
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Carport

Lot Information

  • Lot Size Acres: 19.873
  • Lot Size Area: 19.873
  • Lot Size Square Feet: 865667.88
  • Lot Size Units: Acres
  • Number Of Separate Water Meters: 1
  • Road Surface Type: Asphalt
  • Water Source: Rural

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Traditional,Detached,Farmhouse
  • Attached Garage: Yes
  • Construction Materials: Brick,Rock,Stone
  • Patio And Porch Features: Deck
  • Property Attached: No
  • Roof: Composition
  • Structure Type: House

General Information

  • Carport Spaces: 2.0
  • Carport: Yes
  • Covered Spaces: 2.0
  • Horse: Yes
  • Pool Features: Above Ground,Pool
  • Sewer: Aerobic Septic,Private Sewer,Septic Tank
  • Utilities: Electricity Available,Sewer Available,Septic Available,Separate Meters,Underground Utilities,Water Available

Room Information

Room: Bedroom

  • Level: First
  • Dimensions: 12 x 13
  • Length: 12.0
  • Width: 13.0
  • Features: Walk-In Closet(s)

Room: Bedroom

  • Level: First
  • Dimensions: 13 x 13
  • Length: 13.0
  • Width: 13.0
  • Features: Walk-In Closet(s)

Room: Bedroom

  • Level: First
  • Dimensions: 13 x 13
  • Length: 13.0
  • Width: 13.0
  • Features: Walk-In Closet(s)

Room: Dining Room

  • Level: First
  • Dimensions: 13 x 12
  • Length: 13.0
  • Width: 12.0

Room: Full Bath

  • Level: First
  • Dimensions: 8 x 7
  • Length: 8.0
  • Width: 7.0
  • Features: Built-in Features,Dual Sinks,Jack and Jill Bath

Room: Full Bath

  • Level: First
  • Dimensions: 14 x 10
  • Length: 14.0
  • Width: 10.0
  • Features: Built-in Features,En Suite Bathroom,Jetted Tub,Separate Shower

Room: Half Bath

  • Level: First
  • Dimensions: 6 x 4
  • Length: 6.0
  • Width: 4.0

Room: Kitchen

  • Level: First
  • Dimensions: 22 x 13
  • Length: 22.0
  • Width: 13.0
  • Features: Built-in Features,Kitchen Island,Pantry,Walk-In Pantry

Room: Living Room

  • Level: First
  • Dimensions: 18 x 25
  • Length: 18.0
  • Width: 25.0

Room: Primary Bedroom

  • Level: First
  • Dimensions: 15 x 18
  • Length: 15.0
  • Width: 18.0

Room: Utility Room

  • Level: First
  • Dimensions: 6 x 9
  • Length: 6.0
  • Width: 9.0

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7158 Luella Road Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7158 Luella Road Market Data

Based on the last 30 days in this zip code

$342,725
Average List Price
$177
Average Price per Square Foot
35
Properties Sold
213
Average Days on Market
301
Properties for Sale
Calculations provided by Reliance Network


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