Features & Amenities

Interior

  • Other Interior Features

    High Speed Internet

  • Total Bedrooms

    4

  • Bathrooms

    2

  • 1/2 Bathrooms

    1

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s), Electric

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Fireplace Insert, Central, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Construction Materials

    Brick, Stone

  • Parking

    Carport, Attached

  • Patio and Porch Features

    Deck

  • Pool

    Yes

  • Pool Features

    Above Ground

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    19.873

  • Lot Size(square feet)

    865,667

  • Property Type

    Residential

  • Property Sub Type

    Farm

  • Architectural Style

    Traditional

Price

  • Sales Price

    $1,499,900

  • Tax Amount

    $5,663

  • Sq. Footage

    2,424

  • Price/SqFt

    $618

HOA

  • Association

    No

School District

  • Elementary School

    Tom Bean

  • Middle School

    Tom Bean

  • High School

    Tom Bean

Property Features

  • Foundation Details

    Slab

  • Sewer

    Septic Tank

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Location

County

Grayson

Elementary School

Tom Bean

Middle School

Tom Bean

High School

Tom Bean

Listing Courtesy of Krishna Madhireddy , Krishna Madhireddy, Broker

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Agent Joe Boston

AGENT

Joe Boston

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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.

7158 Luella Road

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