About this home

PRICE REDUCED!! Rare opportunity to own a spacious custom built home on 1.28 acres in the highly sought after Highland Meadows Addition of Luella. Situated on a corner lot with NO city taxes, the property is only a few minutes away from the new Texas Instruments and Global Wafer facilities. No HOA fees! Bus service is available for Tom Bean, Sherman, and Howe ISDs, providing flexible educational options. Golf carts are permitted on public streets in addition, so enjoy a ride around the neighborhood on your golf cart! This home features five large bedrooms, an office-media room, a large exercise room (or secondary living area), two staircases, an oversized garage, a tool-hobby room with sink, three and a half bathrooms, and a versatile flex space currently used as a tanning room. The layout offers endless possibilities for customization to suit your lifestyle. Seller will consider leaving the exercise equipment and commercial tanning bed. Additional highlights include a 27' x 40' insulated workshop with electricity and two overhead doors, a steel-framed privacy fence, and mature pecan trees. The home is constructed on 60+ foundation piers for added stability and worry-free living. A large covered front porch provides stunning panoramic views of a pond and the surrounding valley-ideal for morning coffee or evening relaxation. The all-electric home features spray foam insulation, with monthly electric bills averaging around 225 and water bills around 30. Both cable and fiber optic internet services are available. Recent upgrades include an impact-resistant roof, new gutters, shutters, two hot water heaters, and solar screens-all installed within the last few months. This exceptional property combines rural tranquility, modern amenities, and strong investment potential in a growing area. Opportunities like this are rare so schedule your private showing today.

Facts and features

Schools

• Tom Bean High School

  high · 9-12 · 5.1 mi

  6

• Tom Bean Middle School

  middle · 6-8 · 5.1 mi

  5

• Tom Bean Elementary School

  elementary · K-5 · 6.2 mi

  3

• St Marys Catholic School

  elementary · K-8 · 4.4 mi

• Grayson Christian School

  elementary · K-12 · 4.5 mi

Price history

• Nov 1, 2026 · Price Changed$659,000
• Oct 12, 2026 · Price Changed$669,000
• Oct 5, 2026 · Price Changed$675,000
• Sep 27, 2026 · Price Changed$679,000
• Sep 22, 2026 · Price Changed$689,000
• Sep 21, 2026 · Price Changed$697,500
• Sep 20, 2026 · Price Changed$698,500
• Sep 16, 2026 · Price Changed$669,900

Tax history

• 2026$8,878 tax · $525,718 assessed
• 2025$7,445 tax · $496,428 assessed
• 2023$7,080 tax · $410,271 assessed
• 2022$6,436 tax · $372,974 assessed
• 2021$6,243 tax · $339,067 assessed
• 2020$6,272 tax · $322,930 assessed
• 2019$5,988 tax · $294,834 assessed
• 2018$6,082 tax · $279,711 assessed

Home value

$654,400

• Cotality$654,400
• Quantarium$650,587
• Collateral Analytics$682,000

Where it is