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7158 Luella Road

Sherman, Texas 75090
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SqFt2,424

Sqft(Lot)

Acres19.87

Acres(Lot)

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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Detail Ic Property Details

Property Type : Residential

Price : $1,700,000

AD Id : 79231155

MLS Id : 562867391

Beds : 4

Lot Size : 19.87 Acres(Lot)

Living Area Size : 2,424

Garage : 2

County : Grayson

Subdivision: G-0430 Fitch Ben F A-g0430, Acres 10.0

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 4

    Bathroom Information

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

    Decorative Lighting,High Speed Internet Available

    Appliances

    Dishwasher,Disposal,Electric Range

    Utilities

    Aerobic Septic,Asphalt,Co-op Electric,Individual Water Meter,Outside City Limits,Private Sewer,Rural Water District,Septic,Sewer Available,Underground Utilities
  • Cooling Features

    Ceiling Fan(s),Electric

    Heating Source

    Central,Electric

    Fireplace

    Number of Fireplaces: 1 Fireplace Features: Gas Logs,Insert

  • Building Information

    Built Year: 2008 Construction: Brick,Rock/Stone Roof Type: Composition
  • Foundation

    Slab
  • Pool Features

    Above Ground

    Laundry Features

    Electric Dryer Hookup,Washer Hookup

    Patio And Porch

    Deck

    Construction Materials

    Brick,Rock/Stone

  • Lot Information

    Lot Size (Acr): 19.8730 Lot Size Units: Acres Lot Size Square Feet: 865,668
  • Property Information

    SQ ft (Living Area): 2,424 Property Type: Residential Property Sub Type: Farm/Ranch Architectural Style: Traditional Subdivision: G-0430 FITCH BEN F A-G0430, ACRES 10.0 City: Sherman State: Texas Directions: Use GPS Property Status: Active Levels: One Property Age: 18 Year Built Details: Preowned

  • Listing Price Information

    Original List Price: $1,700,000 List Price Tot SqFt: $701
  • Listing Information

    Possession: Lease Outstanding

  • Tax Information

    Parcel Number: 129226 Tax Legal Description: G-0430 FITCH BEN F A-G0430, ACRES 19.873 Unexempt Taxes: $5,663

  • Parking Information

    Has Garage Garage Space: 2 Carport Spaces: 2 Parking Features: Carport
  • Homeowners Association Information

    HOA Type: None

  • School Information

    Elementary School: Tom Bean Middle School: Tom Bean High School: Tom Bean School District: Tom Bean ISD
  • Utility Information

    Utilities: Aerobic Septic,Asphalt,Co-op Electric,Individual Water Meter,Outside City Limits,Private Sewer,Rural Water District,Septic,Sewer Available,Underground Utilities
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
TBD First Street, Sherman, TX, 75090 $200,000 -- -- -- 3.17 Acres(Lot)
950 Old Ida Road, Sherman, TX, 75090 $1,986,500 -- -- -- 68.50 Acres(Lot)
66 Smith Oak Road, Sherman, TX, 75090 $599,000 -- -- -- 29.75 Acres(Lot)
322 Grigg Road, Sherman, TX, 75090 $499,000 -- -- -- 23.04 Acres(Lot)
1578 Campground Road, Sherman, TX, 75090 $2,100,000 -- -- -- 44.17 Acres(Lot)
738 Campground Road, Sherman, TX, 75090 $2,348,000 -- -- -- 49.50 Acres(Lot)
TBD Independence Springs, Sherman, TX, 75090 $1,492,000 -- -- -- 121 Acres(Lot)
TBD Fm 697, Sherman, TX, 75090 $495,000 -- -- -- 11 Acres(Lot)
TBD Key Rd, Sherman, TX, 75090 $299,900 -- -- -- 12.15 Acres(Lot)
TRACT 2 Key Road, Sherman, TX, 75090 $395,000 -- -- -- 16.06 Acres(Lot)
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Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved

ByOwner last updated this listing 06/20/2026 @ 19:45

MLS: 562867391 LISTED BY: Krishna Madhireddy, Krishna Madhireddy, Broker 800-257-1242 SOURCE: NTREIS - North Texas Real Estate Information

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