




7158 Luella Rd, Sherman, TX, 75090
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
Schools
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
- Cold Wave
- Hail
- Heat Wave
- Inland Flooding
- Ice Storm
- Lightning
- Strong Wind
- Wildfire
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
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
| Monthly | Annual | |
|---|---|---|
| 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 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-30 | Price change | $1,499,900 |
| 2026-05-25 | Listed for sale | $1,700,000 |
| 2026-02-28 | Listing removed | $3,500 |
| 2025-12-03 | Price change | $3,500 |
| 2025-10-22 | Listed for rent | $3,800 |
| 2025-08-19 | Listing removed | $3,700 |
| 2025-07-03 | Price change | $3,700 |
| 2025-06-18 | Price change | $3,900 |
| 2025-05-27 | Price change | $4,000 |
| 2025-05-05 | Listed for rent | $4,200 |
| 2024-03-28 | Listing removed | -- |
| 2024-02-28 | Price change | $3,800 |
| 2024-01-22 | Price change | $4,000 |
| 2023-12-03 | Listed for rent | $4,200 |
| 2023-11-24 | Listing removed | -- |
| 2023-08-17 | Price change | $4,200 |
| 2023-08-01 | Listed for rent | $4,400 |
| 2022-04-03 | Listing removed | -- |
| 2022-03-22 | Listed for rent | $4,200 |
| 2022-03-16 | Sold | -- |
| 2022-01-29 | Pending sale | $995,000 |
| 2022-01-20 | Contingent | $995,000 |
| 2022-01-06 | Price change | $995,000 |
| 2021-11-08 | Listed for sale | $1,100,000 |
For Sale by Agent
