Now repositioned under $800K! Welcome to wide open possibility at 4874 Luella Rd in Sherman, where 15.95 acres unfold into your own private North Texas retreat. This 3 bedroom, 2 full bath home offers 2,234 square feet of comfortable living space designed for both everyday ease and relaxed entertaining. Spacious living areas create a warm, inviting atmosphere, while the kitchen provides ample cabinetry and workspace for everything from weeknight dinners to holiday gatherings. The primary suite serves as a peaceful escape, and the secondary bedrooms are generously sized for family, guests, or a dedicated home office. Step outside and the possibilities expand. Nearly 16 acres of rolling land offer room for livestock, recreation, gardening, or simply enjoying the quiet rhythm of country living. A barn and separate workshop provide exceptional flexibility for hobbies, storage, equipment, or small business needs. A scenic creek meanders through the property, adding natural beauty and a sense of calm that is hard to replicate. Tucked among the trees, a charming treehouse creates a truly special feature. It can serve as a private evening getaway for the owners or offer income producing potential through short term rental platforms such as Airbnb. Adding to the experience, a hot tub invites you to unwind under the Texas sky, whether for personal relaxation or to elevate the guest retreat experience. If you are looking for acreage, functionality, and unique character all in one property, this one delivers space to live, room to grow, and features that make it unforgettable.
Stunning property on Luella Rd. 16 ac with home, barn and awesome shop with RV parking and front porch. This home offers wide open spaces, large rooms along with great backyard. Built in decks surround an above ground pool. Along with a great area for garden and a green house for the plants! Come take a look at all this property has to offer.
NTREIS #14170001
Oct 21, 2019
Listing Removed
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Aug 24, 2019
Listed
$495,000
$222/sq ft
NTREIS #10256523
Mar 3, 2005
Listing Removed
—
Feb 2, 2005
Listed
$151,500
$68/sq ft
Public Records
Jun 5, 1997
Sold
*
Year
Property tax
Land + Additions
Assessment*
2026
$10,635 (+82.3%)
$430,650 + $340,754
$771,404
2025
$5,835 (+6.4%)
2024
$5,484 (−6.0%)
2023
$5,837 (+14.6%)
2022
$5,094 (+5.6%)
2021
$4,822 (+50.2%)
2020
$3,210 (+1.1%)
2019
$3,176 (+1.9%)
2018
$3,118 (+2.2%)
2017
$3,050 (−2.0%)
2012
$3,111 (+22.0%)
$4,455 + $164,728
$169,183
2011
$2,550 (−5.9%)
$7,148 + $164,728
$171,876
2010
$2,709
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
15.95 Acres
Year renovated
2006
Finished Sq. Ft.
2,234
Unfinished Sq. Ft.
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Total Sq. Ft.
2,234
Year built
1985
Style
Other
County
Grayson County
APN
000000129158
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Sep 8, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
3% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 109° expected this year, 21 days in 30 years
4/10 Wind Factor
22% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Sherman, TX • 75090
Average low and high temperatures (°F)
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67
84
61
70
50
61
42
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Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 4874 Luella Rd
$709,456
$66K under list price of $775K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $305K to $588K.