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  • 3 Beds
  • 2.1 Baths
  • 2,465 Sqft
  • 3 Garages
  • 10 Acres
  • 1997 Year Built
  • Study
  • Game Room
  • Media
  • Pool
  • 3 Beds
  • 2.1 Baths
  • 2,465 Sqft
  • 3 Garages
  • 10 Acres
  • 1997 Year Built
  • Study
  • Game Room
  • Media
  • Pool

842 N Fm 1138
Nevada, Texas 75173-8133

County: Collin Community Corners

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.

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Tax Value @ 100% of Sales Price, HOA Included
Tax Value @ 85% of Market Value, HOA Not Included

Essential Information

  • Price$770,000
  • Est. Payment /m
  • Reduced By$29,000
  • Cumulative Days on MarketUnlock
  • MLS® #21238407
  • Bedrooms3
  • Bathrooms2.10
  • Square Footage2,465
  • Acres10.00
  • Year Built1997
  • Built Desc.Preowned
  • TypeResidential
  • Sub-TypeSingle Family Residence
  • StyleTraditional, Other
  • StatusActive
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Quick Valuation Analysis from 3 Active Listings

Pricing Trends from 3 Active Listings in Community Corners

This Home's Price $770,000 This Home's Price Per SqFt $
Average Price $664,833 Average Price Per SqFt $
Highest Price $770,000 Highest Price Per SqFt $
Lowest Price $599,500 Lowest Price Per SqFt $

Property Details

School Information

Community

  • Address842 N Fm 1138
  • SubdivisionCommunity Corners
  • CityNevada
  • CountyCollin
  • StateTexas
  • Zip Code75173-8133
  • HOANone
  • UtilitiesAerobic Septic, City Water, Concrete, Electricity Available, Electricity Connected, Gravel/Rock, Individual Water Meter, Overhead Utilities, Phone Available, Private Road, Propane, Septic, See Remarks
  • Taxes5848

Amenities

  • SecuritySecurity Gate, Smoke Detector(s), Other
  • # of Garages3
  • GaragesAdditional 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

Interior

  • Interior FeaturesBuilt-in Features, Decorative Lighting, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Kitchen Island, Other, Pantry, Walk-In Closet(s)
  • FloorsCeramic Tile, Hardwood
  • FireplaceYes
  • # of Fireplaces1
  • FireplacesLiving Room, Other

Exterior

  • Exterior FeaturesAttached Grill, Courtyard, Covered Patio/Porch, Fire Pit, Rain Gutters, Lighting, Outdoor Kitchen, Outdoor Living Center, Private Entrance, RV/Boat Parking, Stable/Barn, Storage, Other
  • FenceBarbed Wire, Electric, Fenced, Gate, Vinyl, Wire
  • Lot DescriptionAcreage, Landscaped, Lrg. Backyard Grass, Many Trees, Other, Pasture, Tank/ Pond

Construction Details / Floorplan

  • Living Areas2
  • Dining Rooms2
  • Full Baths2
  • Half Baths1
  • RoofComposition
  • FoundationSlab
  • ConstructionBrick, Other

Energy Efficiency / Green Features / Heating & Cooling

  • HeatingCentral, Fireplace(s), Propane

Private Listing Information (Registration Required)

Listing Details

  • AgentKendra Edwards
  • OfficeExp Realty Llc

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Listing information last updated on October 22nd, 2026 at 10:34am CDT.