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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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842 N Fm 1138 , Nevada, TX 75173
$770,000
Est. Payment: $3,964.29/mo
3 Bed
2.5 Bath
2465 Sqft
Status: active | Days on site: 131
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

10 ACRES with WORKSHOP & BARN! RESIDENTIAL & COMMERCIAL POTENTIAL Welcome to 842 N FM 1138—a rare opportunity to own a fully functional property that blends comfortable living, outdoor lifestyle, and income or business potential all in one. Situated on approximately 10 fenced acres with gated entry, this 3-bedroom, 2-bath home offers over 2,400 square feet of well-designed space, surrounded by open land, mature trees, and room to expand. Inside, you’ll find a spacious layout featuring hardwood floors, plantation shutters, and a large living area with fireplace. The kitchen is built for both everyday living and entertaining, complete with granite countertops, a large island, abundant cabinetry, breakfast bar, and dedicated dining spaces. The primary suite offers a true retreat with a spacious layout, dual vanities, and a walk-in shower, while additional rooms provide flexibility for family, guests, or home office use. Huge Bonus Room! Step outside and the property truly comes to life: Heated and cooled workshop with electricity and built-ins 3-stall barn with wash stall, tack room, and feed room Outdoor kitchen with built-in grill and sink—perfect for entertaining Additional storage shed and ample space for RV, boat, or equipment parking Fully fenced acreage with remote-controlled gated entrance Whether you’re looking for a homestead, hobby farm, business setup, or future development opportunity, this property offers unmatched flexibility. Commercial use potential adds an additional layer of value—ideal for buyers looking to live and work in one location or invest in future development. Enjoy the peace and privacy of country living while remaining conveniently located near major highways, shopping, and surrounding cities. Opportunities like this—with land, improvements, and versatility—are increasingly hard to find. Schedule your showing today.

Highlights

Listed by Kendra Edwards , eXp Realty LLC , North Texas Real Estate Information Systems

Property Type

Residential

Lot/Acreage
10

Year Built

1997

County

Collin

Neighborhood

Community Corners

School District

Community ISD

Listing ID

21238407

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2.5
  • Full Bathrooms:2
  • 1/2 Bathrooms:1
Appliances:Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
Air Cond:Ceiling Fan(s),Central Air,Electric,Zoned
Fireplaces:Living Room
Floor:Ceramic Tile,Hardwood
Other:
  • Additional:Built-in Features, Decorative Lighting, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Kitchen Island, Pantry, Walk-In Closet(s), Master on Main

Exterior Features

Lot:Fenced for Cattle,Fenced for Horses,Acreage,Landscaped,Lrg. Backyard Grass,Many Trees,Pasture,Tank/ Pond,10 to < 50 Acres
Roof:Composition
Others:
  • Additional:Attached Grill, Courtyard, Covered Patio/Porch, Fire Pit, Rain Gutters, Lighting, Outdoor Kitchen, Outdoor Living Center, Private Entrance, RV/Boat Parking, Stable/Barn, Storage, Preowned
Parking Features:Additional Parking,Boat,Carport,Concrete,Covered,Detached Carport,Direct Access,Driveway,Electric Gate,Garage,Garage Door Opener,Heated Garage,Lighted,Oversized,Parking Pad,Private,RV Access/Parking,RV Carport,See Remarks,Workshop in Garage
Principal Interest
$3,964
Taxes
$487

Home Price

$770,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$154,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,964.29

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,964.29 $487.33 $0.00 $4,451.63
Yearly $47,571.53 $5,848.00 $0.00 $53,419.53
Total $1,427,145.98 $175,440.00 $0.00 $1,602,585.98

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Nevada, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T21:21:41.390Z

© 2026 North Texas Real Estate Information Systems