See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

7158 Luella Rd, Sherman, TX, 75090

4beds
3baths
2,424sqft
$1,499,900
$619price/sqft
$10,019/moest. monthly cost
$400,760/yrincome needed

About This Home

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.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

3/10
5/10
Tom Bean Middle SchoolGrades 6-82.9 mi
6/10
Tom Bean High SchoolGrades 9-122.8 mi

Construction

Condition

  • Year built: 2008

Materials

  • Foundation: Slab
  • Roof: Composition
  • Construction materials: Brick,Rock,Stone

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional,Detached,Farmhouse
  • Property subType: Farm,Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Electric Range,Disposal
  • Laundry features: Washer Hookup,Electric Dryer Hookup

Bedroom

  • Features: Walk-In Closet(s)
  • Level: First
  • Dimensions: 13 x 13

Bedroom

  • Features: Walk-In Closet(s)
  • Level: First
  • Dimensions: 13 x 13

Bedroom

  • Features: Walk-In Closet(s)
  • Level: First
  • Dimensions: 12 x 13

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Dining Room

  • Level: First
  • Dimensions: 13 x 12

Features

  • Decorative/Designer Lighting Fixtures,High Speed Internet
  • Flooring: Carpet,Ceramic Tile
  • Number of fireplaces: 1
  • Fireplace features: Insert,Gas Log
  • Fireplace: Yes

Half Bath

  • Level: First
  • Dimensions: 6 x 4

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Ceiling Fan(s),Electric

Interior Area

  • Total interior livable area: 2,424 sqft

Kitchen

  • Features: Built-in Features,Kitchen Island,Pantry,Walk-In Pantry
  • Level: First
  • Dimensions: 22 x 13

Living Room

  • Level: First
  • Dimensions: 18 x 25

Master Bedroom

  • Level: First
  • Dimensions: 15 x 18

Other

  • Features: Built-in Features,En Suite Bathroom,Jetted Tub,Separate Shower
  • Level: First
  • Dimensions: 14 x 10

Other

  • Features: Built-in Features,Dual Sinks,Jack and Jill Bath
  • Level: First
  • Dimensions: 8 x 7

Utility Room

  • Level: First
  • Dimensions: 6 x 9

Property

Details

  • Parcel number: 129226

Features

  • Levels: One
  • Stories: 1
  • Pool features: Above Ground,Pool
  • Patio & porch: Deck
  • Horses can be raised: Yes

Lot

  • Lot size: 19.87 Acres

Parking

  • Total spaces: 4
  • Parking features: Carport
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Carport: Yes
  • Carport spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Wildfire
    WildfireModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Hail
Heat Wave
Inland Flooding
Ice Storm
Lightning
Strong Wind
Wildfire
Winter Weather

FEMA Declared Disasters Across Texas Counties

Fire
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $7,584$91,008
Home Insurance *$1,598$19,176
Property Taxes $571$6,852
Electricity $266$3,194
Total$10,019$120,228
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$343,508/yr
40% on housing$300,570/yr
45% on housing$267,173/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.0%
4.0%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$619This listing

vs Other Active Listings

Avg $/sqft

ZIP 75090$110
Grayson County$173

vs Homes Sold Last Month

Median $/sqft

ZIP 75090$157
Grayson County$164

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-30Price change$1,499,900
2026-05-25Listed for sale$1,700,000
2026-02-28Listing removed$3,500
2025-12-03Price change$3,500
2025-10-22Listed for rent$3,800
2025-08-19Listing removed$3,700
2025-07-03Price change$3,700
2025-06-18Price change$3,900
2025-05-27Price change$4,000
2025-05-05Listed for rent$4,200
2024-03-28Listing removed--
2024-02-28Price change$3,800
2024-01-22Price change$4,000
2023-12-03Listed for rent$4,200
2023-11-24Listing removed--
2023-08-17Price change$4,200
2023-08-01Listed for rent$4,400
2022-04-03Listing removed--
2022-03-22Listed for rent$4,200
2022-03-16Sold--
2022-01-29Pending sale$995,000
2022-01-20Contingent$995,000
2022-01-06Price change$995,000
2021-11-08Listed for sale$1,100,000

For Sale by Agent

AgentKrishna Madhireddy
BrokerageKrishna Madhireddy, Broker

Similar Homes