
Land with Home for Sale in Sherman, Texas
7158 Luella Rd, Sherman, TX 75090
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.
Location
- Street address
- 7158 Luella Rd
- County
- Grayson County
- Community
- G-0430 Fitch Ben F A-G0430, Acres 10.0
- Elevation
- 816 feet
Property details
- Acreage
- 19.873 acres
- MLS #
- NTREIS 21280668
- Posted
Parcels
- 129226
Legal description
G-0430 FITCH BEN F A-G0430, ACRES 19.873
Resources
Details and features
Listing
- Type
- Residential
- Subtype
- Farm
Exterior
- Parking
- Carport
Structure
- Style
- New Traditional
- Stories
- 1
- Heating
- Central, Electric, Fireplace(s)
- Cooling
- Ceiling Fan(s)
- Materials
- Brick, Stone
- Roof
- Composition
Interior
- Rooms
- Bathroom x 3, Bedroom x 4
- Flooring
- Carpet, Tile, Tile-Ceramic
- Fireplaces
- Yes
- Appliances
- Dishwasher, Garbage Disposer, Range, Washer
- Features
- Decorative Lighting, High Speed Internet Available
Nearby schools
| Name | Type |
|---|---|
| Tom Bean | Elementary |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| May 26, 2026 | New listing | $1,700,000 | — | NTREIS |







































