Date
Details
Price
Change
Source
2/15/2026
Listed
$1,175,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
CUSTOM HOME WITH ATTACHED APARTMENT Every town has its Bedford Falls, and out here in the Blue Country Estates of Lexington, Texas, Gary and Paula Bailey built their own slice of heaven back in 1998. With a little help from George Bailey Sr. and George Bailey Jr. (Gary's Father and Grandfather)-just like old George himself (in the movie "It's A Wonderful Life") might've scraped together for the Building & Loan-they poured heart and soul into this custom home. They even gave it a name: Bailey Park. Picture it: Gracious living under a sturdy 30-year commercial metal roof that laughs at Texas storms. There's a separate 2 bedroom 1 bathroom apartment for kinfolk, guests, or cash flow with $1400 rent, an oversized attached garage, and a big game room above the garage. Step outside to a shed/3-bay carport, drive-through RV parking with electric, and 7 acres of pure country peace-fully fenced with 50-year fencing and plumbed for irrigation so the grass stays green without breaking a sweat. Right in front sits a stocked pond, complete with a soothing waterfall feature that sings to you on quiet evenings. A water well keeps everything flowing, just like the good neighbors here who still wave, lend a hand, and look out for one another. It's the kind of place where folks know your name and nobody's ever really alone. And don't forget the large covered patio-perfect for evening gatherings, slow sippin', and starry nights-with a hot tub that conveys with the sale. Concerned about internet connectivity in the country? A StarLink system is included in the purchase. Gary and Paula raised a family, made memories, and lived what George Bailey called a wonderful life right here. Now they're heading to Bryan-closer to doctors, hospitals, restaurants, and less land to tend. But Bailey Park? It's still waiting for the next family to come along, hang their hat, and discover just how wonderful life can be on Sherrill Lane. Your wonderful life starts here. Come see it.
Full Property Details
Full Property Details for 1036 Sherrill Ln
General
- Price: $1,175,000
- Taxes: $10,932 (2025)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 9779441
- Updated: 2/15/2026
- Added to Site: 5 day(s) ago
Interior
- Interior Features: Breakfast Bar, Bookcases, Ceiling Fan(s), Cathedral Ceiling(s), Granite Counters, Main Level Primary
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room, Stone, Wood Burning
- Appliances: Dishwasher, Electric Water Heater, Free-Standing Electric Range, Disposal, Microwave, Plumbed For Ice Maker, Stainless Steel Appliance(s)
- Flooring: Concrete
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main: 3
Other Rooms
- Laundry: In Hall
Additional Information
- Shared Amenities: None
- Security/Safety: Smoke Detector(s)
- Equipment: Satellite Dish
Exterior
- Exterior Features: Lighting, Rain Gutters, RV Hookup
- Porch/Patio/Deck: Rear Porch, Covered
Parking
- Garage: Yes
- Garage Spaces: 2
- Carports: Yes
- Covered Spaces: 2
- Total Spaces: 7
- Parking Features: Attached, Circular Driveway, Detached Carport, Driveway, Electric Gate, Garage, Garage Door Opener, RV Carport, Garage Faces Side
Location
- Area: LC
- County: Lee
- Subdivision: Blue Country Estates
- Driving Directions: From Hwy. 290 in Elgin, head toward Houston and take a left on FM 696. Proceed approximately 14 miles and turn left on Sherrill Lane. The first gate on the right is the entrance to the property.
- Direction Faces: North
School Information
- Elem School District: Lexington ISD
- Midd School District: Lexington ISD
- High School District: Lexington ISD
- Elementary School: Lexington
- Middle School: Lexington
- High School: Lexington
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric, Heat Pump
- Heating Type: Central, Electric, Heat Pump
Utilities
- Sewer: Septic Tank
- Water: Private, Well
- Well: Yes
- Utility Description: Above Ground Utilities, Electricity Connected, Natural Gas Not Available, Other, Phone Available
Structural Information
- Detached/Attached: Detached
- Construction: Cement Siding, Frame, Stone Veneer
- Roof: Metal
- Windows: Aluminum Frames, Blinds, Double Pane Windows, Screens
- Stories/Levels: 1
- Square Feet: 3,279
- Sq. Ft. Source: Public Records
- Living Area: 3,279 Sq. Ft.
- Year Built: 1998
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: Living Quarters, RV/Boat Storage
Lot Features
- Property View: Pond, Pasture, Rural, Trees/Woods
- Lot Size (Acres): 7
- Lot Size (Sq. Ft.): 304,920
- Fence: Yes
- Lot Features: Corner Lot, Landscaped, Many Trees, Trees Medium Size, Waterfall
- Fencing (Description): Fenced, Full, Gate, Livestock
Water Features
- Water Front Desc.: Pond
Financial Considerations
- Assessment Amount: $802,942
- Tax Amount: $10,932.86
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, USDA Loan, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Aerial, Deed Restriction
- Legal Description: BLUE COUNTRY ESTATES, LOT 4, ACRES 7.0
- Disclosures/Reports: Seller Disclosure
- Property ID: 24855
- Lot Number: 4
Listed by Daniel Brunner, Broker
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Listing agent
— 1036 Sherrill Ln —
Daniel Brunner, Broker
(512) 965-3500
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1036 Sherrill Ln
School District:Lexington Independent School District
| Name | Grades | Distance |
|---|---|---|
Lexington Elementary School 222 Fifth Street, Lexington, TX 78947 | PK-5 | 6.5 mi |
Lexington Middle School 121 Third Street, Lexington, TX 78947 | 6-8 | 6.6 mi |
Lexington High School 8783 U.S. 77, Lexington, TX 78947 | 9-12 | 6.7 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 1036 Sherrill Ln
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- Single Family
- Active
- Updated 10 days ago
- 3Beds
- 2Total Baths
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1036 Sherrill Lane, Lexington, TX 78947 (MLS# 9779441) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 1036 Sherrill Lane is currently listed for $1,175,000 and was received on February 15, 2026. Want to learn more about 1036 Sherrill Lane? Do you have questions about finding other Single Family real estate for sale in Lexington? You can browse all Lexington real estate or contact a Coldwell Banker agent to request more information.