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842 N Fm 1138

Nevada, TX 75173
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Just listedJust listed
3 Bedroom(s)
2 Full & 1 Half Bath(s)
2,465 Sqft
10.00 Lot Acres
Residential - Single Family

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Description

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.

MLS#
NTREIS-21238407
List Price
$799,000 ($324/Sqft.)
Listing Status
For Sale
Address
842 N Fm 1138
City
Nevada
State
TX
Zip Code
75173
County
Collin County
Subdivision
Community Corners
Legal Description
COMMUNITY CORNERS (GCN), LOT 11
Property Type
Residential - Single Family
Bedroom
3 Bedroom(s)
Bath
2 Full & 1 Half Bath(s)
Garages
3 / Appraisal District
Stories
1
Building Size
2,465 Sqft/Appraisal District
Architecture Style
Traditional
Year Built
1997 /Appraisal District
Lot Size
10.00 Lot Acres/ASSESSOR
LP / Acre
$79,900 / Acre
Road Frontage
FM,PrivateE

Rooms

Living
19 x 18, 1st
Kitchen
15 x 14, 1st
Breakfast
12 x 11, 1st
Primary Bedroom
16 x 15, 1st
Bedroom
11 x 11, 1st
Bedroom
11 x 11, 1st
Extra Room
22 x 20, 1st
Utility Room Desc
6 x 5, 1st

Interior

Number Of Living Area
2
Fireplace
1/Living Room,Other
Floors
Ceramic Tile, Hardwood
Cooling
Central Air
Heating
Central, Fireplace(s), Propane
Window
Bay Window(s),Shutters,Window Coverings
Appliances
Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Other
Security System
Security Gate,Smoke Detector(s),Other
Interior
Built-in Features, Decorative Lighting, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Kitchen Island, Other, Pantry, Walk-In Closet(s)

Exterior

Roof
Composition
Foundation
Slab
Private Pool
No
Exterior Type
Brick
Lot Description
Acreage, Landscaped, Lrg. Backyard Grass, Many Trees, Other, Pasture, Tank/ Pond
Garage Size
30 X 50
Parking
Additional Parking, Boat, Carport, Concrete, Covered, Detached Carport, Direct Access, Driveway, Electric Gate, Garage, Garage Door Opener, Heated Garage, Lighted, Oversized, Parking Pad, Private, RV Access/Parking, RV Carport, See Remarks, Workshop in Garage
Parking Space
Garage 3 / Carport 2 / Total Covered 5
Fencing
Barbed Wire,Electric,Fenced,Gate,Vinyl,Wire
Porch
Covered
Easements
Access
Utility
Aerobic Septic,City Water,Concrete,Electricity Available,Electricity Connected,Gravel/Rock,Individual Water Meter,Overhead Utilities,Phone Available,Private Road,Propane,Septic,See Remarks
Road Surface
FM Road, Private Road
Exterior
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

Extra details you may need to know

Dwelling Type
Farm/Ranch House,Single Detached
Farm Ranch Features
Fenced for Cattle,Fenced for Horses
Ranch Type
Barn(s),Stable(s),Tack Room
Lake Pump
No

Lot Information

Lot Size
10.00 Lot Acres /ASSESSOR
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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Information source

North Texas Real Estate Information Systems, Inc.
Source last updated Apr 16, 2026 at 03:00 AM
Listing last updated Apr 16, 2026 at 04:51 AM
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Cost/Sqft based on tax value

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Estimated Monthly Payments

DOWN PAYMENT
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Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

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