7158 Luella RD Sherman, TX 75090
4 Beds
3 Baths
2,424 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Farm
Listing Status Active
Purchase Type For Sale
Square Footage 2,424 sqft
Price per Sqft $701
Subdivision G-0430 Fitch Ben F A-G0430, Acres 10.0
MLS Listing ID 21280668
Style Traditional,Detached,Farmhouse
Bedrooms 4
Full Baths 2
Half Baths 1
HOA Y/N No
Year Built 2008
Annual Tax Amount $5,663
Lot Size 19.873 Acres
Acres 19.873
Property Sub-Type Farm
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
Interior
Interior Features Decorative/Designer Lighting Fixtures, High Speed Internet
Heating Central, Electric
Cooling Ceiling Fan(s), Electric
Flooring Carpet, Ceramic Tile
Fireplaces Number 1
Fireplaces Type Insert, Gas Log
Fireplace Yes
Appliance Dishwasher, Electric Range, Disposal
Laundry Washer Hookup, Electric Dryer Hookup
Exterior
Parking Features Carport
Garage Spaces 2.0
Carport Spaces 2
Pool Above Ground, Pool
Utilities Available Electricity Available, Sewer Available, Septic Available, Separate Meters, Underground Utilities, Water Available
Water Access Desc Rural
Roof Type Composition
Present Use Agricultural,Cattle,Grazing,Horses,Livestock,Single Family
Street Surface Asphalt
Porch Deck
Garage Yes
Private Pool No
Building
Dwelling Type House
Foundation Slab
Sewer Aerobic Septic, Private Sewer, Septic Tank
Water Rural
Level or Stories One
Schools
Elementary Schools Tom Bean
Middle Schools Tom Bean
High Schools Tom Bean
School District Tom Bean Isd
Others
Tax ID 129226
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21280668