7158 Luella Road
Sherman, TX, 75090
$
1,700,000
Bedrooms4
Baths2.1
Sq
2,424
Monthly Estimate*
$
10,467
for $1,700,000 with 4 bedrooms and 2 full baths, 1 half bath. This 2,424 square foot home was built in 2008 on a lot size of 19.873.
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.
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Features
Interior
Interior Features
Decorative Lighting
High Speed Internet Available
Flooring
Carpet
Ceramic Tile
Basement Y/N
0
Dining Areas
1
Living Areas
1
Half Baths
1
Total Bedrooms
4
Total Baths
3
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General
Heating
Central
Electric
Cooling
Ceiling Fan(s)
Electric
Utilities
Aerobic Septic
Asphalt
Co-op Electric
Individual Water Meter
Outside City Limits
Private Sewer
Rural Water District
Septic
Sewer Available
Underground Utilities
Possession
Lease Outstanding
Roof
Composition
Appliances
Dishwasher
Disposal
Electric Range
current use
Agricultural
Cattle
Grazing
Horses
Livestock
Single Family
Number of Garage Spaces
2
School District
Tom Bean ISD
Pool Y/N
1
Year Built
2008
Architectural Style
Traditional
Levels
One
Property Subtype
Farm/Ranch
Subdivision Name
G-0430 FITCH BEN F A-G0430
ACRES 10.0
Transaction Type
For Sale
Occupant Type
Tenant
County
Grayson
Property Type
Residential
Construction Materials
Brick
Rock/Stone
Year Built Details
Preowned
HOA Type
None
Full Baths
2
Status
Active
Directions
Use GPS
City
Sherman
Elementary School Name
Tom Bean
High School
Tom Bean
Elementary School
Tom Bean
Standard Status
Active
Listing Terms
1031 Exchange
Cash
Conventional
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Exterior
Waterfront
0
Parking Features
Carport
Lot Size
10 to < 50 Acres
Foundation
Slab
Pool Features
Above Ground
Structural Style
Farm/Ranch House
Single Detached
Garage Y/N
1
Attached Garage Y/N
1
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* Excluded Features
List By
Krishna Madhireddy
Listing Agent
Krishna Madhireddy, Broker
Broker
Affordability Calculator
- Monthly Principal & Interest
- $10,467
- Monthly Property Taxes
- $472
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Single family listings in Sherman, TX
Average List Price
$388,089
Percent of Sale Price
77%
About Sherman, TX
40,917
Population
14%
Since 2002
$
44,725
Median Income
34.63
Median Age
30%
Households with Children
Trends Information provided by ATTOM Data Solutions.
286822
Elementary School
5136380
Middle School
Pricing History
| Date |
Price |
Price Change |
Description |
|
5/26/2026
|
$1,700,000
|
|
Listed Price
|