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.
For sale
$1,700,000
7158 Luella Rd, Sherman, TX 75090
4beds
2,424sqft
Farm, Single Family Residence
Built in 2008
19.87 Acres Lot
$1,586,100 Zestimate®
$701/sqft
$-- HOA
What's special
Flat usable landAbove-ground poolFormal diningLarge deckBeautifully maintained groundsHistoric tin accentsSpacious kitchen island
- 32 days |
- 172 |
- 4 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Krishna Madhireddy 0698555,
Krishna Madhireddy, Broker 708-288-2337
Source: NTREIS,MLS#: 21280668
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Level: First
- Dimensions: 15 x 18
Bedroom
- Features: Walk-In Closet(s)
- Level: First
- Dimensions: 13 x 13
Bedroom
- Features: Walk-In Closet(s)
- Level: First
- Dimensions: 13 x 13
Bedroom
- Features: Walk-In Closet(s)
- Level: First
- Dimensions: 12 x 13
Dining room
- Level: First
- Dimensions: 13 x 12
Other
- Features: Built-in Features, En Suite Bathroom, Jetted Tub, Separate Shower
- Level: First
- Dimensions: 14 x 10
Other
- Features: Built-in Features, Dual Sinks, Jack and Jill Bath
- Level: First
- Dimensions: 8 x 7
Half bath
- Level: First
- Dimensions: 6 x 4
Kitchen
- Features: Built-in Features, Kitchen Island, Pantry, Walk-In Pantry
- Level: First
- Dimensions: 22 x 13
Living room
- Level: First
- Dimensions: 18 x 25
Utility room
- Level: First
- Dimensions: 6 x 9
Heating
- Central, Electric
Cooling
- Ceiling Fan(s), Electric
Appliances
- Included: Dishwasher, Electric Range, Disposal
- Laundry: Washer Hookup, Electric Dryer Hookup
Features
- Decorative/Designer Lighting Fixtures, High Speed Internet
- Flooring: Carpet, Ceramic Tile
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Insert, Gas Log
Interior area
- Total interior livable area: 2,424 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Carport
- Attached garage spaces: 2
- Carport spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Pool features: Above Ground, Pool
Lot
- Size: 19.87 Acres
Details
- Parcel number: 129226
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,Detached,Farmhouse
- Property subtype: Farm, Single Family Residence
Materials
- Brick, Rock, Stone
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 2008
Utilities & green energy
- Sewer: Aerobic Septic, Private Sewer, Septic Tank
- Water: Rural
- Utilities for property: Electricity Available, Sewer Available, Septic Available, Separate Meters, Underground Utilities, Water Available
Community & HOA
Community
- Subdivision: G-0430 Fitch Ben F A-G0430, Acres 10.0
HOA
- Has HOA: No
Location
- Region: Sherman
Financial & listing details
- Price per square foot: $701/sqft
- Tax assessed value: $1,091,293
- Annual tax amount: $5,663
- Date on market: 5/25/2026
- Cumulative days on market: 31 days
- Listing terms: Cash,Conventional,1031 Exchange
- Road surface type: Asphalt
Estimated market value
$1,586,100
$1.51M - $1.67M
$2,450/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/25/2026 | Listed for sale | $1,700,000+70.9%$701/sqft |
Source: NTREIS #21280668 Report a problem | ||
| 2/28/2026 | Listing removed | $3,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/3/2025 | Price change | $3,500-7.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/22/2025 | Listed for rent | $3,800+2.7%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/19/2025 | Listing removed | $3,700$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/3/2025 | Price change | $3,700-5.1%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/18/2025 | Price change | $3,900-2.5%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/27/2025 | Price change | $4,000-4.8%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/5/2025 | Listed for rent | $4,200+10.5%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/28/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/28/2024 | Price change | $3,800-5%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/22/2024 | Price change | $4,000-4.8%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/3/2023 | Listed for rent | $4,200$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/24/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/17/2023 | Price change | $4,200-4.5%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/1/2023 | Listed for rent | $4,400+4.8%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/3/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 3/22/2022 | Listed for rent | $4,200$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/16/2022 | Sold | -- |
Source: NTREIS #14705834 Report a problem | ||
| 1/29/2022 | Pending sale | $995,000$410/sqft |
Source: NTREIS #14705834 Report a problem | ||
| 1/20/2022 | Contingent | $995,000$410/sqft |
Source: NTREIS #14705834 Report a problem | ||
| 1/6/2022 | Price change | $995,000-9.5%$410/sqft |
Source: NTREIS #14705834 Report a problem | ||
| 11/8/2021 | Listed for sale | $1,100,000$454/sqft |
Source: NTREIS #14705834 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,663 +9.2% | $1,091,293 +21.7% |
| 2024 | $5,187 -3.6% | $896,605 +11.3% |
| 2023 | $5,379 +24.4% | $805,706 +23.6% |
| 2022 | $4,325 -2.1% | $651,914 +79.4% |
| 2021 | $4,418 | $363,315 +0.4% |
| 2020 | -- | $361,728 +10% |
| 2019 | $4,500 +14.4% | $328,896 +16.9% |
| 2018 | $3,933 +6.1% | $281,271 +4.8% |
| 2017 | $3,706 | $268,452 -5.4% |
| 2016 | $3,706 -4.8% | $283,725 +34.1% |
| 2015 | $3,893 | $211,627 +7.9% |
| 2012 | -- | $196,132 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: 75090
Nearby schools
GreatSchools rating
- 3/10Tom Bean Elementary SchoolGrades: PK-5Distance: 3.8 mi
- 5/10Tom Bean Middle SchoolGrades: 6-8Distance: 2.9 mi
- 6/10Tom Bean High SchoolGrades: 9-12Distance: 2.8 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Grayson County
- Sherman
- 75090
- 7158 Luella Rd
Nearby cities
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