Date
Details
Price
Change
Source
5/25/2026
Listed
$1,700,000
—
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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$1,700,000
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Property Description
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.
Full Property Details
Full Property Details for 7158 Luella Rd
General
- Price: $1,700,000
- Taxes: $5,663
- Status: Active
- Type: Farm
- Source: NTREIS
- MLS ID: 21280668
- Updated: 5/27/2026
- Added to Site: 19 day(s) ago
Interior
- Interior Features: Decorative/Designer Lighting Fixtures, High Speed Internet
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Insert, Gas Log
- Appliances: Dishwasher, Electric Range, Disposal
- Flooring: Carpet, Ceramic Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Washer Hookup, Electric Dryer Hookup
Additional Information
- Pool: Yes
- Pool Description: Above Ground, Pool
Exterior
- Porch/Patio/Deck: Deck
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Carports: Yes
- Carport Spaces: 2
- Covered Spaces: 2
- Parking Features: Carport
Location
- County: Grayson
- Subdivision: G-0430 FITCH BEN F A-G0430, ACRES 10.0
- Driving Directions: Use GPS
School Information
- Elem School District: Tom Bean ISD
- Midd School District: Tom Bean ISD
- High School District: Tom Bean ISD
- Elementary School: Tom Bean
- Middle School: Tom Bean
- High School: Tom Bean
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Aerobic Septic, Private Sewer, Septic Tank
- Water: Rural
- Utility Description: Electricity Available, Sewer Available, Septic Available, Separate Meters, Underground Utilities, Water Available
- # Water Meters: 1
Structural Information
- Property Detached: Yes
- Architectural Style: Traditional, Detached, Farmhouse
- Structure Type: House
- Detached/Attached: Detached
- Construction: Brick, Rock, Stone
- Roof: Composition
- Stories/Levels: 1
- Living Area: 2,424 Sq. Ft.
- Current Bldg. Use: Agricultural, Cattle, Grazing, Horses, Livestock, Single Family
- Year Built: 2008
Lot Features
- Lot Size (Acres): 19.873
- Lot Size (Sq. Ft.): 865,667.88
- Potential Use: Agricultural, Cattle, Grazing, Horses, Livestock, Single Family
Horse Property
- Horse Property: Yes
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $5,663
- Terms: Cash, Conventional, 1031 Exchange
Disclosures and Reports
- Legal Description: G-0430 FITCH BEN F A-G0430, ACRES 19.873
- Property ID: 129226
Listed by Krishna Madhireddy, Broker, Krishna Madhireddy
We Value Your Privacy
We Value Your Privacy
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Listing agent
— 7158 Luella Rd —
Krishna Madhireddy
Krishna Madhireddy, Broker
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 7158 Luella Rd
School District:Tom Bean Independent School District
| Name | Grades | Distance |
|---|---|---|
Tom Bean Elementary School 105 Eubanks Street, Tom Bean, TX 75489 | PK-5 | 3.9 mi |
Tom Bean Middle School 289 Franklin Rd, Tom Bean, TX 75489 | 6-8 | 2.9 mi |
Tom Bean High School 7719 Texas 11, Tom Bean, TX 75489 | 9-12 | 2.9 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 7158 Luella Rd
Tax History
Tax History for 7158 Luella Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,187
-4%
$410,774
9%
2023
$5,379
24%
$376,196
-3%
2022
$4,325
—
$389,515
-1%
2022
$4,325
7%
$391,656
44%
2021
$4,055
-8%
$271,344
-4%
2020
$4,418
-12%
$281,393
6%
2019
$5,013
7%
$266,449
9%
2018
$4,694
6%
$245,193
7%
2017
$4,448
4%
$229,593
4%
2016
$4,297
3%
$220,214
4%
2015
$4,166
20%
$211,627
-1%
2013
$3,470
—
$214,570
21%
2013
$3,470
—
$178,032
—
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 7158 Luella Rd
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Want to learn more about 7158 Luella Road? Do you have questions about finding other Farm real estate for sale in Sherman? You can browse all Sherman real estate or contact a Coldwell Banker agent to request more information.