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Lot/land
  • Price cut: $36K (7/23)
    $799,000

    4874 Luella Rd, Sherman, TX 75090

    --beds
    --baths
    15.95Acres
    Improved Land
    Built in 1985
    15.95 Acres Lot
    $768,600 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Scenic creekOpen pastureMature treesGently rolling acreage
    Now repositioned under $800K! Welcome to 4874 Luella Road in Sherman, where 15.95 beautiful acres offer the perfect blend of recreation, country living, and future potential. Located in one of North Texas' fastest-growing areas, this versatile property is ideal for those seeking a private estate, horse property, recreational retreat, or investment opportunity. The gently rolling acreage features a scenic creek, pond, mature trees, open pasture, and plenty of room for horses, livestock, gardening, or additional improvements. Existing infrastructure includes a barn, workshop, RV and boat parking, and a 3-bedroom, 2-bath residence providing immediate livability while you enjoy or further develop the property. One of the property's most unique features is a charming treehouse tucked among the trees overlooking the creek. Previously featured on Hipcamp, this one-of-a-kind retreat has served as an income-producing asset and offers continued short-term rental potential or a private guest getaway. Whether you're looking to build a family compound, establish a hobby farm, create an equestrian property, or simply enjoy the privacy and beauty of nearly 16 acres, this property offers endless possibilities with the convenience of being just minutes from Sherman, Howe, and US Highway 75.
    30 days
    |
    213
    |
    11
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Janelle Law 0566255 888-455-6040,

    Fathom Realty 888-455-6040

    Source: NTREIS,MLS#: 21324238

      Facts & features

      Interior

      Heating
      • Central
      Cooling
      • Central Air
      Video & virtual tour

      Property

      Parking
      • Parking features: Boat, RV Access/Parking
      Features
      • Patio & porch: Covered
      • Fencing: Cross Fenced
      • On waterfront: Yes
      • Waterfront features: Creek
      Lot
      • Size: 15.95 Acres
      • Features: Acreage, Irregular Lot, Rolling Slope
      Details
      • Additional structures: Workshop, Barn(s)
      • Parcel number: 129158
      • Zoning description: See private remarks.
      • Horse amenities: Barn

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Community/Coop
      • Utilities for property: Septic Available, Water Available

      Community & HOA

      Community
      • Subdivision: R M Williamson Surv Abs 1300
      HOA
      • Has HOA: No
      Location
      • Region: Sherman

      Financial & listing details

      • Tax assessed value: $970,306
      • Annual tax amount: $5,835
      • Date on market: 7/9/2026
      • Cumulative days on market: 33 days
      • Listing terms: Cash,Conventional,FHA,VA Loan

        Estimated market value

        $768,600

        $730,000 - $807,000

        $2,341/mo

        Price history

        DateEventPrice
        7/23/2026Price change$799,000-4.3%
        Source: NTREIS #21185054 Report a problem
        7/2/2026Price change$835,000-1.8%
        Source: NTREIS #21185054 Report a problem
        6/10/2026Price change$850,000-2.9%
        Source: NTREIS #21185054 Report a problem
        4/25/2026Price change$875,000-2.2%
        Source: NTREIS #21185054 Report a problem
        4/6/2026Price change$895,000-3.2%
        Source: NTREIS #21185054 Report a problem
        2/20/2026Listed for sale$925,000+86.9%
        Source: NTREIS #21185054 Report a problem
        10/21/2019Listing removed$495,000
        Source: Herrin Real Estate LLC #14170001 Report a problem
        8/24/2019Listed for sale$495,000
        Source: Herrin Real Estate LLC #14170001 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,835 +34.8%$970,306 +17.8%
        2024$4,329 +10.2%$823,868 +18.5%
        2023$3,930 -11.1%$695,266 +17.9%
        2022$4,421 +63.9%$589,498 +21.9%
        2021$2,697 $483,405 +50.2%
        2020-- $321,879 +14.1%
        2019$2,717 +5%$282,169 +73.3%
        2018$2,586 +11%$162,858 +3.4%
        2017$2,331 $157,453 +11.2%
        2016$2,331 -19.2%$141,642
        2015$2,883 $141,642 -13.8%
        2014$2,883 $164,228 -4.4%
        2012-- $171,876 +22.3%
        2011-- $140,490 -5.9%
        2004-- $149,348 +0.7%
        2002-- $148,366 +9.8%
        2001-- $135,082
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 75090

        Getting around

        0 / 100
        Car-Dependent
        8 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Tom Bean
        • Middle: Tom Bean
        • High: Tom Bean
        • District: Tom Bean ISD

        Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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