842 N Fm 1138 Nevada, TX 75173
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,465 sqft
Subdivision Community Corners
MLS Listing ID 21238407
Style Traditional
Bedrooms 3
Full Baths 2
Half Baths 1
HOA Y/N None
Year Built 1997
Annual Tax Amount $5,848
Lot Size 10.000 Acres
Acres 10.0
Property Sub-Type Single Family Residence
Property Description
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.
Location
State TX
County Collin
Direction From Hwy 78 in Lavon, head east toward Nevada. Turn onto FM 6 and continue north. Turn right onto FM 1138 Property will be on the East Side
Rooms
Dining Room 2
Interior
Interior Features Built-in Features, Decorative Lighting, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Kitchen Island, Other, Pantry, Walk-In Closet(s)
Heating Central, Fireplace(s), Propane
Cooling Ceiling Fan(s), Central Air, Electric, Zoned
Flooring Ceramic Tile, Hardwood
Fireplaces Number 1
Fireplaces Type Living Room, Other
Appliance Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Other
Heat Source Central, Fireplace(s), Propane
Laundry Electric Dryer Hookup, Utility Room, Full Size W/D Area, Dryer Hookup
Exterior
Exterior Feature Attached Grill, Courtyard, Covered Patio/Porch, Fire Pit, Rain Gutters, Lighting, Outdoor Kitchen, Outdoor Living Center, Private Entrance, RV/Boat Parking, Stable/Barn, Storage, Other
Garage Spaces 3.0
Carport Spaces 2
Fence Barbed Wire, Electric, Fenced, Gate, Vinyl, Wire
Utilities Available Aerobic Septic, City Water, Concrete, Electricity Available, Electricity Connected, Gravel/Rock, Individual Water Meter, Overhead Utilities, Phone Available, Private Road, Propane, Septic, See Remarks
Roof Type Composition
Street Surface Concrete
Total Parking Spaces 5
Garage Yes
Building
Lot Description Acreage, Landscaped, Lrg. Backyard Grass, Many Trees, Other, Pasture, Tank/ Pond
Story One
Foundation Slab
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Mcclendon
Middle Schools Leland Edge
High Schools Community
School District Community Isd
Others
Restrictions Lease While on Market,No Known Restriction(s)
Acceptable Financing 1031 Exchange, Cash
Listing Terms 1031 Exchange, Cash
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21238407
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