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For sale
  • Price cut: $26K (3/8)
    $659,000

    5005 Ob Groner Rd, Sherman, TX 75092

    3beds
    1,929sqft
    : 
    Single Family Residence
    Built in 2002
    6 Acres Lot
    $640,000 Zestimate®
    $342/sqft
    $-- HOA

    What's special

    Seller is offering the property For SALE or LONG TERM LEASE Strategic 5.99 Acres Land with House, Residence or Investment , Luxury Equestrian Estate , No HOA , Sherman Tech Corridor Position yourself at the intersection of lifestyle, land, and long-term appreciation with this exceptional acreage in Sherman, Texas. Strategically located near the Texas Instruments campus and the rapidly expanding North Texas tech and advanced manufacturing corridor. This horse property with no HOA offers a rare combination of immediate functionality and future upside. The land features an existing barn designed to accommodate up to five horses, along with a workshop, making it ideal for equestrian use, private estate living, or a high-value land hold for future redevelopment (buyer to verify zoning and use). From an investor’s perspective, this property stands out due to its proximity to one of the largest economic growth initiatives in the region. Major infrastructure investments, job creation, and corporate expansion continue to drive strong demand in Sherman, positioning this acreage as a compelling long-term land play in an area with limited supply and increasing institutional interest. Key Features & Value Drivers: No HOA – full freedom of use and customization Horse property with barn (up to 5 horses) Workshop for equipment, hobbies, or business use Located near Texas Instruments & Sherman Tech Growth Corridor Strong future appreciation and redevelopment potential Ideal for investors, equestrian buyers, and luxury land seekers Rare opportunity for multi-use land in a high-growth market Whether you are a high-net-worth buyer seeking a private equestrian estate, an investor securing land near major job growth, or a visionary buyer looking to blend rural luxury with strategic positioning, this property offers unmatched versatility and upside.
    57 days
    |
    690
    |
    24
    |

    Likely to sell faster than

    Zillow last checked: 7 hours ago

    Listing updated: March 10, 2026 at 09:16am

    Listed by:

    PK Avala 0833085 469-545-8605,

    Beam Real Estate, LLC 972-484-6644

    Source: NTREIS,MLS#: 21163215

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Level: First
      • Dimensions: 15 x 13
      Bedroom
      • Level: First
      • Dimensions: 10 x 11
      Bedroom
      • Level: First
      • Dimensions: 10 x 10
      Den
      • Level: First
      • Dimensions: 7 x 16
      Kitchen
      • Level: First
      • Dimensions: 10 x 10
      Living room
      • Level: First
      • Dimensions: 16 x 19
      Appliances
      • Included: Dryer, Dishwasher, Electric Cooktop, Disposal, Microwave
      Features
      • Eat-in Kitchen, High Speed Internet, Open Floorplan, Walk-In Closet(s)
      • Has basement: No
      • Number of fireplaces: 1
      • Fireplace features: Wood Burning
      Interior area
      • Total interior livable area: 1,929 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 4
      • Parking features: Door-Single, Driveway, Garage, Garage Door Opener, RV Access/Parking
      • Attached garage spaces: 2
      • Carport spaces: 2
      • Covered spaces: 4
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Stories: 1
      • Pool features: None
      Lot
      • Size: 6 Acres
      Details
      • Parcel number: 215131

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Detached
      • Property subtype: Single Family Residence
      Condition
      • Year built: 2002

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Electricity Available, Septic Available, Water Available

      Community & HOA

      Community
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Sherman

      Financial & listing details

      • Price per square foot: $342/sqft
      • Tax assessed value: $630,925
      • Annual tax amount: $13,838
      • Date on market: 1/26/2026
      • Cumulative days on market: 58 days
      • Electric utility on property: Yes
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        Estimated market value

        $640,000

        $608,000 - $672,000

        $2,076/mo

        Price history

        Price history
        DateEventPrice
        3/8/2026Price change$659,000-3.8%$342/sqft
        Source: NTREIS #21163215 Report a problem
        2/21/2026Price change$685,000-2.1%$355/sqft
        Source: NTREIS #21163215 Report a problem
        1/26/2026Listed for sale$700,000+0.1%$363/sqft
        Source: NTREIS #21163215 Report a problem
        1/21/2026Listing removed$2,750$1/sqft
        Source: Zillow Rentals Report a problem
        11/26/2025Price change$2,750-6.8%$1/sqft
        Source: Zillow Rentals Report a problem
        11/14/2025Price change$2,950-3.3%$2/sqft
        Source: Zillow Rentals Report a problem
        11/10/2025Price change$3,050-3.2%$2/sqft
        Source: Zillow Rentals Report a problem
        10/19/2025Listed for rent$3,150+12.5%$2/sqft
        Source: Zillow Rentals Report a problem
        8/24/2024Listing removed$2,800-5.1%$1/sqft
        Source: Zillow Rentals Report a problem
        7/21/2024Price change$2,950-0.8%$2/sqft
        Source: Zillow Rentals Report a problem
        7/14/2024Price change$2,975-3.9%$2/sqft
        Source: Zillow Rentals Report a problem
        7/1/2024Price change$3,095-4.8%$2/sqft
        Source: Zillow Rentals Report a problem
        6/10/2024Listed for rent$3,250$2/sqft
        Source: Zillow Rentals Report a problem
        9/23/2023Listing removed--
        Source: Zillow Rentals Report a problem
        9/6/2023Listed for rent$3,250$2/sqft
        Source: Zillow Rentals Report a problem
        9/1/2023Sold--
        Source: Ebby Halliday solds #20384764_75092 Report a problem
        8/9/2023Pending sale$699,000$362/sqft
        Source: NTREIS #20384764 Report a problem
        8/2/2023Contingent$699,000$362/sqft
        Source: NTREIS #20384764 Report a problem
        7/20/2023Listed for sale$699,000$362/sqft
        Source: NTREIS #20384764 Report a problem
        4/29/2014Sold--
        Source: Agent Provided Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025-- $630,925 -6.9%
        2024$14,863 $677,668 +99.1%
        2023-- $340,406 +10%
        2022$6,424 +10.9%$309,460 +10%
        2021$5,792 $281,327 +10%
        2020-- $255,752 +10%
        2019$5,515 +25.4%$232,502 +10%
        2018$4,400 -20%$211,365 +7.3%
        2017$5,500 $196,950 +0.2%
        2016$5,500 +57.7%$196,639 -19.9%
        2015$3,487 $245,580 0%
        2014$3,487 $245,660 +41.1%
        2013-- $174,081 -2.7%
        2012-- $178,948 -1.3%
        2011-- $181,245 0%
        2010-- $181,335 0%
        2009-- $181,424 -1.5%
        2008-- $184,177 0%
        2007-- $184,266 0%
        2006-- $184,355 +6.3%
        2005-- $173,419 +6.9%
        2004-- $162,169

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $4,091/mo
        Principal & interest
        $3289
        Property taxes
        $802
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          Climate risks

          Neighborhood: 75092

          Getting around

          0 / 100
          Car-Dependent

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Henry W Sory
          • Middle: Piner
          • High: Sherman
          • District: Sherman ISD

          Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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