842 N Fm 1138, Nevada, TX, 75173
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1997
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional,Barndominium,Detached,Farmhouse
- Property subType: Farm,Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Electric Cooktop,Electric Oven,Disposal,Microwave
- Laundry features: Dryer Hookup,ElectricDryer Hookup,Laundry in Utility Room
Bedroom
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 11 x 11
Bedroom
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 11 x 11
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Bonus Room
- Features: Ceiling Fan(s)
- Level: First
- Dimensions: 22 x 20
Breakfast Room Nook
- Features: Breakfast Bar,Built-in Features
- Level: First
- Dimensions: 12 x 11
Features
- Built-in Features,Decorative/Designer Lighting Fixtures,Eat-in Kitchen,Granite Counters,High Speed Internet,Kitchen Island,Other,Pantry,Walk-In Closet(s)
- Window features: Bay Window(s),Shutters,Window Coverings
- Flooring: Ceramic Tile,Hardwood
- Number of fireplaces: 1
- Fireplace features: Living Room,Other
- Fireplace: Yes
Heating & Cooling
- Heating features: Central,Fireplace(s),Propane
- Cooling features: Central Air,Ceiling Fan(s),Electric,Zoned
Interior Area
- Total interior livable area: 2,465 sqft
Kitchen
- Features: Built-in Features,Eat-in Kitchen,Granite Counters,Kitchen Island,Pantry
- Level: First
- Dimensions: 15 x 14
Living Room
- Features: Ceiling Fan(s),Fireplace
- Level: First
- Dimensions: 19 x 18
Master Bathroom
- Features: Built-in Features,Double Vanity,En Suite Bathroom,Linen Closet,Separate Shower
- Level: First
- Dimensions: 12 x 16
Master Bedroom
- Features: Ceiling Fan(s),En Suite Bathroom
- Level: First
- Dimensions: 16 x 15
Utility Room
- Features: Built-in Features,Other,Utility Room
- Level: First
- Dimensions: 6 x 5
Property
Details
- Parcel number: R204400001101
- Exclusions: Landscape equipment,Tenants Property,grills,patio furniture on and in the garages and sheds,etc.
- Horse amenities: Barn,Stable(s),Tack Room
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: Covered
- Exterior features: Courtyard,Fire Pit,Lighting,Outdoor Grill,Outdoor Kitchen,Outdoor Living Area,Other,Private Entrance,Rain Gutters,Storage
- Fencing: Barbed Wire,Electric,Fenced,Gate,Vinyl,Wire
- Residential vegetation: Cleared,Grassed
- Horses can be raised: Yes
Lot
- Lot size: 10 Acres
- Features: Acreage,Back Yard,Lawn,Landscaped,Other,Pasture,Pond on Lot,Many Trees
Parking
- Total spaces: 5
- Parking features: Additional Parking,Concrete,Covered,Carport,Detached Carport,Direct Access,Driveway,Electric Gate,Garage,Garage Door Opener,Heated Garage,Lighted,Oversized,Parking Pad,Private,RV Carport,See Remarks,Workshop in Garage,Boat,RV Access/Parking
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 5
- Has uncovered spaces: Yes
- 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
- Hail
- Tornado
- Cold Wave
- Heat Wave
- Inland Flooding
- 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 | $3,893 | $46,716 |
| Home Insurance * | $635 | $7,620 |
| Property Taxes | $510 | $6,120 |
| Electricity | $270 | $3,248 |
| Total | $5,308 | $63,696 |
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 |
|---|---|---|
| 2026-04-15 | Listed for sale | $799,000 |
| 2025-10-28 | Listing removed | $2,600 |
| 2025-09-21 | Listed for rent | $2,600 |
| 2023-04-22 | Listing removed | -- |
| 2022-11-19 | Price change | $854,900 |
| 2022-11-05 | Price change | $859,000 |
| 2022-10-21 | Listed for sale | $869,230 |
| 2017-04-10 | Sold | -- |
| 2017-02-22 | Pending sale | $439,000 |
| 2017-02-08 | Listed for sale | $439,000 |
| 2017-02-05 | Pending sale | $439,000 |
| 2017-01-27 | Listed for sale | $439,000 |
| 2016-11-01 | Listing removed | $431,000 |
| 2016-09-17 | Price change | $431,000 |
| 2016-09-15 | Price change | $437,000 |
| 2016-08-27 | Listed for sale | $443,000 |
| 2016-08-09 | Pending sale | $443,000 |
| 2016-07-22 | Listed for sale | $443,000 |
For Sale by Agent
View on Zillow