Improved Land for Sale in Nevada, Texas
842 N FM 1138, Nevada, TX 75173
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. 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.
Location
- Street address
- 842 N FM 1138
- County
- Collin County
- Zip code
- 75173
- Community
- Community Corners
- School district
- Community ISD
- Elevation
- 622 feet
Directions
From Hwy 78 in Lavon, head east toward Nevada. Turn onto FM 6 and continue north. Turn right onto FM 1138 Property will be on the East Side
Property details
- Acreage
- 10 acres
- MLS #
- NTREIS 21238407
- Posted
Property taxes
- Recent
- $5,848
Parcels
- R204400001101
Legal description
COMMUNITY CORNERS (GCN), LOT 11
Details and features
Listing
- Type
- Residential
- Subtype
- Single Family Residence
Lot
- Vegetation
- Cleared, Grassed
- Features
- Acreage, Back Yard, Landscaped, Lawn, Many Trees, Pasture, Pond On Lot
Exterior
- Parking
- Boat, Carport, Covered, Driveway, Garage, Open, Oversize, RV
- Fencing
- Fenced, Gate
- Structures
- Barn(s), Storage
- Features
- Courtyard, Fire Pit, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Living Area, Private Entrance, Rain Gutters
Structure
- Stories
- 1
- Water
- Public
- Sewer
- Aerobic Septic, Septic Tank
- Heating
- Central, Fireplace(s), Propane
- Cooling
- Ceiling Fan(s), Central Air, Electric, Zoned
- Materials
- Brick
- Roof
- Composition
- Windows
- Shutters
Interior
- Rooms
- Bathroom x 3, Bedroom x 3, Bonus Room, Laundry Room, Utility Room
- Flooring
- Hardwood, Tile
- Fireplaces
- Yes
- Appliances
- Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
- Security
- Security
- Features
- Built In Features, Decorative Designer Lighting Fixtures, Eat In Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Pantry, Walk In Closets
Property utilities
| Category | Type | Status |
|---|---|---|
| Gas | Propane | Connected |
Nearby schools
| Name | Type | District |
|---|---|---|
| McClendon | Elementary | Community ISD |
| Leland Edge | Middle | Community ISD |
| Community | High | Community ISD |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 8, 2026 | Price drop | $770,000 | $15,000 -1.9% | NTREIS |
| May 29, 2026 | Price drop | $785,000 | $14,000 -1.8% | NTREIS |
| Apr 16, 2026 | New listing | $799,000 | — | NTREIS |