7158 Luella Road, Sherman, TX

$1,499,900

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4

Beds

2.1

Baths

2,424

Square feet

19.87

Acres

About 7158 Luella Road

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.

Features of 7158 Luella Road

MLS® # 21280668
Price $1,499,900
Bedrooms 4
Bathrooms 2.10
Full Baths 2
Half Baths 1
Square Footage 2,424
Acres 19.87
Year Built 2008
Type Residential
Sub-Type Farm
Style Traditional
Status Active

Community Information

Address 7158 Luella Road
Subdivision G-0430 FITCH BEN F A-G0430, ACRES 10.0
City Sherman
County Grayson
State TX
Zip Code 75090-5286

Amenities

Utilities Co-op Electric, Individual Water Meter, Outside City Limits, Septic, Underground Utilities, Aerobic Septic, Asphalt, Private Sewer, Rural Water District, Sewer Available
# of Garages 2
Garages Carport
Is Waterfront No
Has Pool Yes
Pool Above Ground

Interior

Interior Features Decorative Lighting, High Speed Internet Available
Heating Central, Electric
Fireplace Yes
# of Fireplaces 1
Fireplaces Gas Logs, Insert

Exterior

Roof Composition
Construction Brick, Rock/Stone
Foundation Slab

School Information

District Tom Bean ISD
Elementary Tom Bean
Middle Tom Bean
High Tom Bean

Listing Details

AgentKrishna Madhireddy
OfficeKrishna Madhireddy, Broker

Listing Map

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