842 N Fm 1138

Nevada, TX
$ 770,000 Beds 3 Baths 2.5 Sq 2,465 Virtual Tour
Monthly Estimate* How much can I afford?

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. Huge Bonus Room! 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.

Active

  • Price
  • $ 770,000
  • City
  • Nevada
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • COLLIN
  • Half Bathrooms
  • 1
  • Area
  • Lot Size
  • 10 Acres
  • Zip
  • 75173
  • Sqr Footage
  • 2,465
  • Year Built
  • 1997
  • Taxes
  • $ 5848
  • Style
  • Traditional
  • MLS#
  • 21238407
Listed By: eXp Realty LLC
Data Source: North Texas Real Estate Info Systems (NTREIS)

Features

General

Heating Central,Fireplace(s),Propane
Cooling Ceiling Fan(s),Central Air,Electric,Zoned
Utilities Aerobic Septic,City Water,Concrete,Electricity Available,Electricity Connected,Gravel/Rock,Individual Water Meter,Overhead Utilities,Phone Available,Private Road,Propane,Septic,See Remarks
Possession Lease Outstanding,Negotiable
Roof Composition
Appliances Dishwasher,Disposal,Electric Cooktop,Electric Oven,Microwave,Other
Easements Access
current use Cattle,Livestock,Residential,Single Family,See Remarks,Other
Number of Garage Spaces 3
Restrictions Lease While on Market,No Known Restriction(s)
School District Community ISD
Exclusions Landscape equipment,Tenants Property,grills,patio furniture on and in the garages and sheds,etc.
Year Built 1997
Architectural Style Traditional,Other
Levels One
Unexempt Taxes 5848
Will Subdivide No
Property Subtype Single Family Residence
Subdivision Name Community Corners
Possible Use Agricultural,Barndominium,Cattle,Commercial,Development,Horses,Investment,Livestock,Mixed Use,Multi-Family,Residential,Retail,Single Family,Subdevelopment,See Remarks,Other
Transaction Type For Sale
Occupant Type Tenant
Carport Spaces 2
County Collin
Property Type Residential
Security Features Security Gate,Smoke Detector(s),Other
Construction Materials Brick,Other
Year Built Details Preowned
Accessory Unit Y/N No
HOA Type None
Full Baths 2
Status Active
Directions 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
City Nevada
Elementary School Name Mcclendon
High School Community
Elementary School Mcclendon
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/21238407
Standard Status Active
Listing Terms 1031 Exchange,Cash

Interior Features

Interior Features Built-in Features,Decorative Lighting,Eat-in Kitchen,Granite Counters,High Speed Internet Available,Kitchen Island,Other,Pantry,Walk-In Closet(s)
Flooring Ceramic Tile,Hardwood
Fireplace Features Living Room,Other
Fireplaces Total 1
Dining Areas 2
Living Areas 2
Number Of Residences 1
Room Count 9
Half Baths 1
Lock Box Type See Remarks
Total Bedrooms 3
Total Baths 3
Window Features Bay Window(s),Shutters,Window Coverings
Laundry Features Electric Dryer Hookup,Utility Room,Full Size W/D Area,Dryer Hookup

Exterior Features

Exterior Features 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
Lot Features Acreage,Landscaped,Lrg. Backyard Grass,Many Trees,Other,Pasture,Tank/ Pond
Vegetation Cleared,Grassed
Fencing Barbed Wire,Electric,Fenced,Gate,Vinyl,Wire
Soil Type Unknown
Garage Length 30
Garage Width 50
Horse Amenities Barn(s),Stable(s),Tack Room
Other Structures Barn(s),Garage(s),Outdoor Kitchen,Residence,RV/Boat Storage,See Remarks,Shed(s),Stable(s),Workshop w/Electric,Other
Lot Size Source Assessor
Parking Features 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,
Lot Size 10 to < 50 Acres
Covered Spaces 5
Foundation Slab
Lot Size Area 10.0000
Lot Size Units Acres
Farm Ranch Features Fenced for Cattle,Fenced for Horses
Structural Style Farm/Ranch House,Single Detached
Garage Y/N Yes
Road Frontage Type FM Road,Private Road
Lot Size Square Feet 435600.0000
Lot Size Acres 10.0000
Road Surface Type Concrete
Patio And Porch Features Covered

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Waco, TX office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Mcclendon Elementary School
Middle School Unknown Middle School
High School

Price History

4/15/2026 Listed $799,000
5/28/2026 2% - $785,000
7/7/2026 2% - $770,000

Property vs Zip Code Average in 75173

Price
AVG $460K
$770K
Taxes
AVG $5,776
$5,848
Year Built
AVG 2018
1997
Visits
AVG 237
426
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

842 N Fm 1138 Nevada, TX is a Single Family Home for sale at $770000 with 2465 sqft and a lot size of 10 Acres Acre(s). 842 N Fm 1138 Nevada has 3 bedrooms, 2 baths and was built in 1997. The property's zip code is 75173 which is in Nevada, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Your Agent
Brandon Cope

Brandon Cope

254-235-5015

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