Seller is offering the property For SALE or LONG TERM LEASE
Strategic 5.99 Acres Land with House, Residence or Investment , Luxury Equestrian Estate , No HOA , Sherman Tech Corridor
Position yourself at the intersection of lifestyle, land, and long-term appreciation with this exceptional acreage in Sherman, Texas. Strategically located near the Texas Instruments campus and the rapidly expanding North Texas tech and advanced manufacturing corridor.
This horse property with no HOA offers a rare combination of immediate functionality and future upside. The land features an existing barn designed to accommodate up to five horses, along with a workshop, making it ideal for equestrian use, private estate living, or a high-value land hold for future redevelopment (buyer to verify zoning and use).
From an investor’s perspective, this property stands out due to its proximity to one of the largest economic growth initiatives in the region. Major infrastructure investments, job creation, and corporate expansion continue to drive strong demand in Sherman, positioning this acreage as a compelling long-term land play in an area with limited supply and increasing institutional interest.
Key Features & Value Drivers:
No HOA – full freedom of use and customization
Horse property with barn (up to 5 horses)
Workshop for equipment, hobbies, or business use
Located near Texas Instruments & Sherman Tech Growth Corridor
Strong future appreciation and redevelopment potential
Ideal for investors, equestrian buyers, and luxury land seekers
Rare opportunity for multi-use land in a high-growth market
Whether you are a high-net-worth buyer seeking a private equestrian estate, an investor securing land near major job growth, or a visionary buyer looking to blend rural luxury with strategic positioning, this property offers unmatched versatility and upside.
For sale
$649,000
5005 Ob Groner Rd, Sherman, TX 75092
3beds
1,929sqft
Single Family Residence
Built in 2002
6 Acres Lot
$631,000 Zestimate®
$336/sqft
$-- HOA
What's special
- 150 days |
- 314 |
- 26 |
Zillow last checked:
Listing updated:
Listed by:
PK Avala 0833085 469-545-8605,
Beam Real Estate, LLC 972-484-6644
Source: NTREIS,MLS#: 21163215
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Dimensions: 15 x 13
Bedroom
- Level: First
- Dimensions: 10 x 11
Bedroom
- Level: First
- Dimensions: 10 x 10
Den
- Level: First
- Dimensions: 7 x 16
Kitchen
- Level: First
- Dimensions: 10 x 10
Living room
- Level: First
- Dimensions: 16 x 19
Appliances
- Included: Dryer, Dishwasher, Electric Cooktop, Disposal, Microwave
Features
- Eat-in Kitchen, High Speed Internet, Open Floorplan, Walk-In Closet(s)
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 1,929 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Door-Single, Driveway, Garage, Garage Door Opener, RV Access/Parking
- Attached garage spaces: 2
- Carport spaces: 2
- Covered spaces: 4
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 6 Acres
Details
- Parcel number: 215131
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Detached
- Property subtype: Single Family Residence
Condition
- Year built: 2002
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Available, Septic Available, Water Available
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Sherman
Financial & listing details
- Price per square foot: $336/sqft
- Tax assessed value: $630,925
- Annual tax amount: $13,838
- Date on market: 1/26/2026
- Cumulative days on market: 117 days
- Electric utility on property: Yes
Estimated market value
$631,000
$599,000 - $663,000
$2,017/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/26/2026 | Price change | $649,000-1.5%$336/sqft |
Source: NTREIS #21163215 Report a problem | ||
| 3/8/2026 | Price change | $659,000-3.8%$342/sqft |
Source: NTREIS #21163215 Report a problem | ||
| 2/21/2026 | Price change | $685,000-2.1%$355/sqft |
Source: NTREIS #21163215 Report a problem | ||
| 1/26/2026 | Listed for sale | $700,000+0.1%$363/sqft |
Source: NTREIS #21163215 Report a problem | ||
| 1/21/2026 | Listing removed | $2,750$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/26/2025 | Price change | $2,750-6.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/14/2025 | Price change | $2,950-3.3%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/10/2025 | Price change | $3,050-3.2%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/19/2025 | Listed for rent | $3,150+12.5%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/24/2024 | Listing removed | $2,800-5.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/21/2024 | Price change | $2,950-0.8%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/14/2024 | Price change | $2,975-3.9%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/1/2024 | Price change | $3,095-4.8%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/10/2024 | Listed for rent | $3,250$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/23/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/6/2023 | Listed for rent | $3,250$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/1/2023 | Sold | -- |
Source: Ebby Halliday solds #20384764_75092 Report a problem | ||
| 8/9/2023 | Pending sale | $699,000$362/sqft |
Source: NTREIS #20384764 Report a problem | ||
| 8/2/2023 | Contingent | $699,000$362/sqft |
Source: NTREIS #20384764 Report a problem | ||
| 7/20/2023 | Listed for sale | $699,000$362/sqft |
Source: NTREIS #20384764 Report a problem | ||
| 4/29/2014 | Sold | -- |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,827 -7% | $630,925 -6.9% |
| 2024 | $14,863 | $677,668 +99.1% |
| 2023 | -- | $340,406 +10% |
| 2022 | $6,424 +10.9% | $309,460 +10% |
| 2021 | $5,792 | $281,327 +10% |
| 2020 | -- | $255,752 +10% |
| 2019 | $5,515 +25.4% | $232,502 +10% |
| 2018 | $4,400 -20% | $211,365 +7.3% |
| 2017 | $5,500 | $196,950 +0.2% |
| 2016 | $5,500 +57.7% | $196,639 -19.9% |
| 2015 | $3,487 | $245,580 0% |
| 2014 | $3,487 | $245,660 +41.1% |
| 2013 | -- | $174,081 -2.7% |
| 2012 | -- | $178,948 -1.3% |
| 2011 | -- | $181,245 0% |
| 2010 | -- | $181,335 0% |
| 2009 | -- | $181,424 -1.5% |
| 2008 | -- | $184,177 0% |
| 2007 | -- | $184,266 0% |
| 2006 | -- | $184,355 +6.3% |
| 2005 | -- | $173,419 +6.9% |
| 2004 | -- | $162,169 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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: 75092
Nearby schools
GreatSchools rating
- 5/10Henry W Sory Elementary SchoolGrades: K-5Distance: 2.7 mi
- 5/10Piner Middle SchoolGrades: 6-8Distance: 3.8 mi
- 5/10Sherman High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Henry W Sory
- Middle: Piner
- High: Sherman
- District: Sherman ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Grayson County
- Sherman
- 75092
- 5005 Ob Groner Rd




