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$699,999 Just Listed
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Property Description
Rare opportunity just outside Leonard, where privacy, versatility, and recent upgrades converge on a sprawling 17.6-acre property with no restrictions and dual road access from both State Highway 78 and County Road 3701. Set back from view with gated access, this private homestead features a 3-bed, 2-bath main home with extensive upgrades: roof (2023), HVAC (2024), windows (2025), new interior doors, paint, fixtures, thermostat, and tile in the bedrooms (5 years old). The kitchen is fully updated, featuring 10K in new cabinetry and modern finishes. The guest bath includes a newly replaced shower and a new vanity and sink. Built on an 8-inch post-tension slab with two-foot piers. A 640 sq ft (16x40) tiny home with its own entrance off CR 3701 includes 2 bedrooms, a bathroom, a full kitchen, and a living room-ideal for guests, rental income, or extended family. The property also includes a 12x16 barn with a storage loft, a 10x20 red storage shed (spray foam insulated) attached to a two-stall carport, and an 8x20 blue shed attached to a three-stall carport. Additional features include a fenced garden and a livestock feeding and grazing area. The entire property is fully fenced and extremely private. The main home is not visible from FM 68 or Hwy 78. Property may be subdivided. Area highlights: Minutes from Bois d'Arc Lake, now open for boating, fishing, and recreation, and the future Lake Ralph Hall, projected to be completed by 2026. These two major reservoirs are transforming the region into a recreational and residential destination with increasing long-term value. No restrictions. Bonham ISD. A move-in-ready, high-potential property offering privacy, functionality, and investment upside.
Full Property Details
Full Property Details for 7939 S State Hwy 78
General
- Price: $699,999
- Taxes: $7,545
- Status: Active
- Type: Farm
- Source: NTREIS
- MLS ID: 21173100
- Updated: 2/7/2026
- Added to Site: 6 day(s) ago
Interior
- Interior Features: Other
- Appliances: Dishwasher, Electric Range
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Parking
- Parking Features: Additional Parking, Carport, Gravel
Location
- County: Fannin
- Subdivision: A0343 EM EUBANKS ACRES
- Driving Directions: Going South on Hwy 78, turn left into the driveway when you see the For Sale sign and red trash bins. Coming North on Hwy 78, turn right into the driveway at the same markers. The driveway is long and gravel.
School Information
- Elem School District: Bonham ISD
- Midd School District: Bonham ISD
- High School District: Bonham ISD
- Elementary School: Finleyoate
- High School: Bonham
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Septic Tank
- Water: Community/Coop
- Utility Description: Septic Available, Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Detached
- Structure Type: House
- Detached/Attached: Detached
- Stories/Levels: 1
- Living Area: 2,118 Sq. Ft.
- Current Bldg. Use: Other
- Year Built: 1998
Lot Features
- Lot Size (Acres): 17.615
- Lot Size (Sq. Ft.): 767,309.4
- Frontage: County Road, Highway, Dirt, Gravel
- Potential Use: Other
Horse Property
- Horse Facility Desc.: Other
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $7,545
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Legal Description: A0343 E M EUBANKS, ACRES 17.615
- Disclosures/Rstr.: Accessory Dwelling Unit
- Property ID: 74713
Listed by Monument Realty, Chaz Cameli
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Schools
Schools serving 7939 S State Hwy 78
School District:Bonham Independent School District
| Name | Grades | Distance |
|---|---|---|
Evans Elementary School 1300 North Main Street, Bonham, TX 75418 | 4-6 | 8.5 mi |
Finley-Oates Elementary School 1901 Albert Broadfoot Street, Bonham, TX 75418 | K-3 | 9.1 mi |
Rather L High School 1201 North Main Street, Bonham, TX 75418 | 7-8 | 8.4 mi |
Bonham High School 1002 Warpath Drive, Bonham, TX 75418 | 9-12 | 9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7939 S State Hwy 78
Date
Details
Price
Change
Source
2/07/2026
Listed
$699,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7939 S State Hwy 78
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,536
—
$610,370
6%
2024
$6,536
74%
$577,070
27%
2018
$3,757
—
$455,790
20%
2018
$3,757
—
$380,910
29%
2018
$3,757
—
$295,020
26%
2018
$3,757
—
$233,670
11%
2018
$3,757
—
$211,130
11%
2018
$3,757
100%
$190,580
3%
2014
100%
$185,150
12%
2014
—
$165,740
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7939 S State Hwy 78
Want to learn more about 7939 S State Highway 78? Do you have questions about finding other Farm real estate for sale in Leonard? You can browse all Leonard real estate or contact a Coldwell Banker agent to request more information.

