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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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7158 Luella Rd , Sherman, TX 75090
$1,499,900
Est. Payment: $7,722.14/mo
4 Bed
2.5 Bath
2424 Sqft
Status: active | Days on site: 91
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

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.

Highlights

Listed by Krishna Madhireddy , Krishna Madhireddy, Broker , North Texas Real Estate Information Systems

Property Type

Residential

Lot/Acreage
19.87

Year Built

2008

County

Grayson

Neighborhood

G-0430 Fitch Ben F A-G0430, Acres 10.0

School District

Tom Bean ISD

Listing ID

21280668

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:2.5
  • Full Bathrooms:2
  • 1/2 Bathrooms:1
Appliances:Dishwasher, Disposal, Electric Range
Air Cond:Ceiling Fan(s),Electric
Fireplaces:Gas Logs,Insert
Floor:Carpet,Ceramic Tile
Other:
  • Additional:Decorative Lighting, High Speed Internet Available, Master on Main

Exterior Features

Lot:10 to < 50 Acres
Roof:Composition
Others:
  • Additional:Preowned
Parking Features:Carport
Principal Interest
$7,722
Taxes
$472

Home Price

$1,499,900

Loan Details

30 yrs
6.674%

Down Payment

20%
$299,980
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:
$7,722.14

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,722.14 $471.92 $0.00 $8,194.05
Yearly $92,665.64 $5,663.00 $0.00 $98,328.64
Total $2,779,969.17 $169,890.00 $0.00 $2,949,859.17

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 (Sherman, 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

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