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For sale
    • Price cut: $200.1K (6/30)
    $1,499,900

    7158 Luella Rd, Sherman, TX 75090

    4beds
    2,424sqft
    : 
    $10,329/mo
    Get pre-qualified
    Farm, Single Family Residence
    Built in 2008
    19.87 Acres Lot
    $1,416,900 Zestimate®
    $619/sqft
    $-- HOA

    What's special

    Flat usable landAbove-ground poolFormal diningLarge deckBeautifully maintained groundsHistoric tin accentsSpacious kitchen island
    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.
    78 days
    |
    126
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Krishna Madhireddy 0698555,

    Krishna Madhireddy, Broker 708-288-2337

    Source: NTREIS,MLS#: 21280668

      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: $619/sqft
      • Tax assessed value: $1,091,293
      • Annual tax amount: $5,663
      • Date on market: 5/25/2026
      • Cumulative days on market: 79 days
      • Listing terms: Cash,Conventional,1031 Exchange
      • Road surface type: Asphalt

        Estimated market value

        $1,416,900

        $1.35M - $1.49M

        $2,606/mo

        Price history

        DateEventPrice
        6/30/2026Price change$1,499,900-11.8%$619/sqft
        Source: NTREIS #21280668 Report a problem
        5/25/2026Listed for sale$1,700,000+70.9%$701/sqft
        Source: NTREIS #21280668 Report a problem
        2/28/2026Listing removed$3,500$1/sqft
        Source: Zillow Rentals Report a problem
        12/3/2025Price change$3,500-7.9%$1/sqft
        Source: Zillow Rentals Report a problem
        10/22/2025Listed for rent$3,800+2.7%$2/sqft
        Source: Zillow Rentals Report a problem
        8/19/2025Listing removed$3,700$2/sqft
        Source: Zillow Rentals Report a problem
        7/3/2025Price change$3,700-5.1%$2/sqft
        Source: Zillow Rentals Report a problem
        6/18/2025Price change$3,900-2.5%$2/sqft
        Source: Zillow Rentals Report a problem
        5/27/2025Price change$4,000-4.8%$2/sqft
        Source: Zillow Rentals Report a problem
        5/5/2025Listed for rent$4,200+10.5%$2/sqft
        Source: Zillow Rentals Report a problem
        3/28/2024Listing removed--
        Source: Zillow Rentals Report a problem
        2/28/2024Price change$3,800-5%$2/sqft
        Source: Zillow Rentals Report a problem
        1/22/2024Price change$4,000-4.8%$2/sqft
        Source: Zillow Rentals Report a problem
        12/3/2023Listed for rent$4,200$2/sqft
        Source: Zillow Rentals Report a problem
        11/24/2023Listing removed--
        Source: Zillow Rentals Report a problem
        8/17/2023Price change$4,200-4.5%$2/sqft
        Source: Zillow Rentals Report a problem
        8/1/2023Listed for rent$4,400+4.8%$2/sqft
        Source: Zillow Rentals Report a problem
        4/3/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        3/22/2022Listed for rent$4,200$2/sqft
        Source: Zillow Rental Manager Report a problem
        3/16/2022Sold--
        Source: NTREIS #14705834 Report a problem
        1/29/2022Pending sale$995,000$410/sqft
        Source: NTREIS #14705834 Report a problem
        1/20/2022Contingent$995,000$410/sqft
        Source: NTREIS #14705834 Report a problem
        1/6/2022Price change$995,000-9.5%$410/sqft
        Source: NTREIS #14705834 Report a problem
        11/8/2021Listed for sale$1,100,000$454/sqft
        Source: NTREIS #14705834 Report a problem

        Public tax history

        YearProperty taxesTax 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

        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.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 75090

        Getting around

        0 / 100
        Car-Dependent
        25 / 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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