Date
Details
Price
Change
Source
4/15/2026
Listed
$799,000
—
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
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 with 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.
Full Property Details
Full Property Details for 842 N Fm 1138
General
- Price: $799,000
- Taxes: $5,848
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21238407
- Updated: 4/15/2026
- Added to Site: 3 day(s) ago
Interior
- Interior Features: Built-in Features, Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Other, Pantry, Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room, Other
- Appliances: Dishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave
- Flooring: Ceramic Tile, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Dryer Hookup, ElectricDryer Hookup, Laundry in Utility Room
Additional Information
- Security/Safety: Security Gate, Other, Smoke Detector(s)
Exterior
- Exterior Features: Courtyard, Fire Pit, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Living Area, Other, Private Entrance, Rain Gutters, Storage
- Porch/Patio/Deck: Covered
Parking
- Garage: Yes
- Garage Spaces: 3
- Carports: Yes
- Carport Spaces: 2
- Covered Spaces: 5
- Parking Features: Additional Parking, Concrete, Covered, Carport, Detached Carport, Direct Access, Driveway, Electric Gate, Garage, Garage Door Opener, Heated Garage, Lighted, Oversized, Parking Pad, Private, RV Carport, See Remarks, Workshop in Garage, Boat, RV Access/Parking
Location
- County: Collin
- Subdivision: Community Corners
- Driving 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
School Information
- Elem School District: Community ISD
- Midd School District: Community ISD
- High School District: Community ISD
- Elementary School: Mcclendon
- Middle School: Leland Edge
- High School: Community
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric, Zoned
- Heating Type: Central, Fireplace(s), Propane
Utilities
- Sewer: Aerobic Septic, Septic Tank
- Water: Public
- Utility Description: Electricity Available, Electricity Connected, Propane, Overhead Utilities, Phone Available, Septic Available, Separate Meters, See Remarks, Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Traditional, Barndominium, Detached, Farmhouse
- Structure Type: House
- Detached/Attached: Detached
- Construction: Brick
- Roof: Composition
- Windows: Bay Window(s), Shutters, Window Coverings
- Stories/Levels: 1
- Living Area: 2,465 Sq. Ft.
- Current Bldg. Use: Cattle, Livestock, Other, Residential, Single Family, See Remarks
- Year Built: 1997
Additional Structures
- Other Structures: Garage(s), Outdoor Kitchen, Other, Residence, RV/Boat Storage, Shed(s), See Remarks, Workshop, Barn(s), Stable(s)
Lot Features
- Lot Size (Acres): 10
- Lot Size (Sq. Ft.): 435,600
- Lot Size Source: Assessor
- Frontage: Farm to Market Road, Private Road, Concrete, Gravel
- Lot Features: Acreage, Back Yard, Lawn, Landscaped, Other, Pasture, Pond on Lot, Many Trees
- Potential Use: Agricultural, Cattle, Commercial, Development, Horses, Investment, Livestock, Multi-Family, Mixed Use, Other, Residential, Retail, Single Family, See Remarks, Subdevelopment
- Trees/Vegetation: Cleared, Grassed
- Fencing (Description): Barbed Wire, Electric, Fenced, Gate, Vinyl, Wire
Horse Property
- Horse Facility Desc.: Barn, Stable(s), Tack Room
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $5,848
- Terms: Cash, 1031 Exchange
Disclosures and Reports
- Legal Description: COMMUNITY CORNERS (GCN), LOT 11
- Exclusions: Landscape equipment, Tenants Property, grills, patio furniture on and in the garages and sheds, etc.
- Property ID: R204400001101
- Lot Number: 11
Listed by eXp Realty LLC, Kendra Edwards
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 842 N Fm 1138 —
Kendra Edwards
eXp Realty LLC
214-789-9736
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 842 N Fm 1138
School District:Community Independent School District
| Name | Grades | Distance |
|---|---|---|
Mcclendon Elementary School 601 Fm 1138 N, Nevada, TX 75173 | PK-5 | 0.4 mi |
Leland E Edge Middle School 615 Fm 1138 N, Nevada, TX 75173 | 6-8 | 0.3 mi |
Community High School 440 North Farm To Market 1138, Nevada, TX 75173 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 842 N Fm 1138
Tax History
Tax History for 842 N Fm 1138
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,939
-14%
$711,512
-7%
2023
$8,115
54%
$766,610
7%
2022
$5,286
—
$717,420
11%
2022
$5,286
—
$644,852
44%
2021
$5,309
6%
$446,669
3%
2020
$5,026
-22%
$435,597
36%
2019
$6,416
2%
$320,172
8%
2018
$6,279
11%
$297,413
9%
2017
$5,659
9%
$271,806
11%
2016
$5,178
8%
$245,880
10%
2015
$4,787
8%
$224,384
7%
2014
$4,435
—
$208,885
—
2013
$4,447
—
$207,885
—
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 842 N Fm 1138
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842 N Fm 1138, Nevada, TX 75173 (MLS# 21238407) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 842 N Fm 1138 is currently listed for $799,000 and was received on April 15, 2026. Want to learn more about 842 N Fm 1138? Do you have questions about finding other Single Family real estate for sale in Nevada? You can browse all Nevada real estate or contact a Coldwell Banker agent to request more information.