Active

842 N Fm 1138

Nevada, Texas 75173

$785,000 $3,309/Mo

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Overview

Bed

Bath

2,465

Sqft

Acres(Lot)

Description

10 ACRES with WORKSHOP & BARN! RESIDENTIAL & COMMERCIAL POTENTIAL Welcome to 842 N FM 1138—a rare opportunity to own a fully functional property that blends comfortable living, outdoor lifestyle, and income or business potential all in one. Situated on approximately 10 fenced acres with gated entry, this 3-bedroom, 2-bath home offers over 2,400 square feet of well-designed space, surrounded by open land, mature trees, and room to expand. Inside, you’ll find a spacious layout featuring hardwood floors, plantation shutters, and a large living area with fireplace. The kitchen is built for both everyday living and entertaining, complete with granite countertops, a large island, abundant cabinetry, breakfast bar, and dedicated dining spaces. The primary suite offers a true retreat w ith a spacious layout, dual vanities, and a walk-in shower, while additional rooms provide flexibility for family, guests, or home office use. Step outside and the property truly comes to life: Heated and cooled workshop with electricity and built-ins 3-stall barn with wash stall, tack room, and feed room Outdoor kitchen with built-in grill and sink—perfect for entertaining Additional storage shed and ample space for RV, boat, or equipment parking Fully fenced acreage with remote-controlled gated entrance Whether you’re looking for a homestead, hobby farm, business setup, or future development opportunity, this property offers unmatched flexibility. Commercial use potential adds an additional layer of value—ideal for buyers looking to live and work in one location or invest in future development. Enjoy the peace and privacy of country living while remaining conveniently located near major highways, shopping, and surrounding cities. Opportunities like this—with land, improvements, and versatility—are increasingly hard to find. Schedule your showing today.

Property Details

Property Type : Residential

Price : $785,000

AD Id : 77082990

MLS Id : 557056935

Beds : 3

Lot Size : 10 Acres

Living Area Size : 2,465

Year Built : 1997

Garage : 3

County : Collin

Subdivision: Community Corners

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 3 Window Features: Bay Window(s),Shutters,Window Coverings

Bathroom Information

Total Baths: 2.5 Full Baths: 2 Half Baths: 1
Interior Features

Built-in Features,Decorative Lighting,Eat-in Kitchen,Granite Counters,High Speed Internet Available,Kitchen Island,Other,Pantry,Walk-In Closet(s)

Appliances

Dishwasher,Disposal,Electric Cooktop,Electric Oven,Microwave,Other

Utilities

Aerobic Septic,City Water,Concrete,Electricity Available,Electricity Connected,Gravel/Rock,Individual Water Meter,Overhead Utilities,Phone Available,Private Road,Propane,Septic,See Remarks
Cooling Features

Ceiling Fan(s),Central Air,Electric,Zoned

Heating Source

Central,Fireplace(s),Propane

Fireplace

Number of Fireplaces: 1 Fireplace Features: Living Room,Other

Building Information

Built Year: 1997 Construction: Brick Roof Type: Composition
Exterior Features

Attached Grill,Courtyard,Covered Patio/Porch,Fire Pit,Rain Gutters,Lighting,Outdoor Kitchen,Outdoor Living Center,Private Entrance,RV/Boat Parking,Stable/Barn,Storage,Other

Foundation

Slab

Security Features

Security Gate,Smoke Detector(s),Other
Laundry Features

Electric Dryer Hookup,Utility Room,Full Size W/D Area,Dryer Hookup

Patio And Porch

Covered

Fencing

Barbed Wire,Electric,Fenced,Gate,Vinyl,Wire

Construction Materials

Brick

Lot Information

Lot Size (Acr): 10.0000 Lot Size Units: Acres Lot Size Square Feet: 435,600 Lot Size Source: Assessor Lot Features: Acreage,Landscaped,Lrg. Backyard Grass,Many Trees,Other,Pasture,Tank/ Pond
Property Information

SQ ft (Living Area): 2,465 Property Type: Residential Property Sub Type: Single Family Residence Architectural Style: Traditional Subdivision: Community Corners City: Nevada State: Texas Directions: From Hwy 78 in Lavon, head east toward Nevada. Turn onto FM 6 and continue north. Turn right onto FM 1138 Property will be on the East Side Property Status: Active Exclusions: Landscape equipment, Tenants Property, grills, patio furniture on and in the garages and sheds, etc. Levels: One Property Age: 29 Year Built Details: Preowned

Listing Price Information

Original List Price: $785,000 List Price Tot SqFt: $318
Listing Information

Possession: Lease Outstanding,Negotiable

Tax Information

Parcel Number: R204400001101 Tax Legal Description: COMMUNITY CORNERS (GCN), LOT 11 Tax Lot: 11 Unexempt Taxes: $5,848

Parking Information

Has Garage Garage Space: 3 Carport Spaces: 2 Parking Features: Additional Parking,Boat,Carport,Concrete,Covered,Detached Carport,Direct Access,Driveway,Electric Gate,Garage,Garage Door Opener,Heated Garage,Lighted,Oversized,Parking Pad,Private,RV Access/Parking,RV Carport,See Remarks,Workshop in Garage
Homeowners Association Information

HOA Type: None

School Information

Elementary School: Mcclendon Middle School: Leland Edge High School: Community School District: Community ISD
Utility Information

Utilities: Aerobic Septic,City Water,Concrete,Electricity Available,Electricity Connected,Gravel/Rock,Individual Water Meter,Overhead Utilities,Phone Available,Private Road,Propane,Septic,See Remarks

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
500 N Greenville Road, Nevada, TX, 75173	$800,000	3	2	1,680	1,680 SqFt
202 Briarwood Drive, Nevada, TX, 75173	$395,990	4	3	2,136	2,136 SqFt
206 Briarwood Drive, Nevada, TX, 75173	$392,990	4	3	2,136	2,136 SqFt
214 Saddletree Drive, Nevada, TX, 75173	$434,990	4	4	2,770	2,770 SqFt
217 Saddletree Drive, Nevada, TX, 75173	$408,990	3	3	2,200	2,200 SqFt
219 Saddletree Drive, Nevada, TX, 75173	$389,990	3	3	2,200	2,200 SqFt
806 Martingale Drive, Nevada, TX, 75173	$308,000	4	2	2,165	2,165 SqFt
220 Weatherboard Drive, Nevada, TX, 75173	$225,000	3	2	1,255	1,255 SqFt
218 Briarwood Drive, Nevada, TX, 75173	$345,990	4	3	1,895	1,895 SqFt
1202 Breezy Oak Drive, Nevada, TX, 75173	$326,990	4	2	2,024	2,024 SqFt

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ByOwner last updated this listing 06/08/2026 @ 16:34

MLS: 557056935 LISTED BY: Kendra Edwards, eXp Realty LLC 800-257-1242 SOURCE: NTREIS - North Texas Real Estate Information