$1,175,000 $358/sqft
3 Beds
3 Baths 2 Full, 1 Half
3,279 Sq Ft
7 Acres
1998 Built
2 Garage

About This Property

CUSTOM HOME WITH ATTACHED APARTMENT
Every town has its Bedford Falls, and out here in the Blue Country Estates of Lexington, Texas, Gary and Paula Bailey built their own slice of heaven back in 1998. With a little help from George Bailey Sr. and George Bailey Jr. (Gary's Father and Grandfather)—just like old George himself (in the movie "It's A Wonderful Life") might've scraped together for the Building & Loan—they poured heart and soul into this custom home. They even gave it a name: Bailey Park.

Picture it: Gracious living under a sturdy 30-year commercial metal roof that laughs at Texas storms. There's a separate 2 bedroom 1 bathroom apartment for kinfolk, guests, or cash flow with $1400 rent, an oversized attached garage, and a big game room above the garage. Step outside to a shed/3-bay carport, drive-through RV parking with electric, and 7 acres of pure country peace—fully fenced with 50-year fencing and plumbed for irrigation so the grass stays green without breaking a sweat.

Right in front sits a stocked pond, complete with a soothing waterfall feature that sings to you on quiet evenings. A water well keeps everything flowing, just like the good neighbors here who still wave, lend a hand, and look out for one another. It's the kind of place where folks know your name and nobody's ever really alone.

And don't forget the large covered patio—perfect for evening gatherings, slow sippin', and starry nights—with a hot tub that conveys with the sale. Concerned about internet connectivity in the country? A StarLink system is included in the purchase.

Gary and Paula raised a family, made memories, and lived what George Bailey called a wonderful life right here. Now they're heading to Bryan—closer to doctors, hospitals, restaurants, and less land to tend. But Bailey Park? It's still waiting for the next family to come along, hang their hat, and discover just how wonderful life can be on Sherrill Lane.

Your wonderful life starts here. Come see it.

Features

  • Bookcases
  • Breakfast Bar
  • Ceiling Fan(s)
  • Cathedral Ceiling(s)
  • Granite Counters
  • Primary Bedroom on Main

Location

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Schools

School District Lexington ISD
Elementary Lexington
Middle School Lexington
High School Lexington

Property Details

Property Type Residential
Flooring Concrete
Cooling Central Air, Electric, Heat Pump
Heating Central, Electric, Heat Pump
Exterior Gutters Partial, Lighting, RV Hookup, Satellite Dish Owned
County Lee
MLS # 9779441

Parking

Garage 2 spaces

Tax Information

Annual Taxes $10,933 (2025)

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Listing History

MLS# 9779441 - Updated Mar 16, 2026 19 days
Feb 15, 2026 Listed Listing Courtesy of Daniel Brunner, Broker - danb@​3dmrinc.com $1,175,000
Oct 10, 2025 Off Market

Frequently Asked Questions About 1036 Sherrill LN, Lexington TX 78947

When was 1036 Sherrill LN, Lexington TX 78947 built?

1036 Sherrill LN, Lexington TX 78947 was built in 1998.

How much does 1036 Sherrill LN, Lexington TX 78947 cost?

1036 Sherrill LN, Lexington TX 78947 is listed for sale at $1,175,000. That is $358 per square foot.

How many bedrooms and bathrooms does 1036 Sherrill LN, Lexington TX 78947 have?

1036 Sherrill LN, Lexington TX 78947 has 3 bedrooms and 3 bathrooms (2 full, 1 half) with 3,279 square feet of living space.

What school district is 1036 Sherrill LN, Lexington TX 78947 in?

1036 Sherrill LN, Lexington TX 78947 is in the Lexington ISD school district. Assigned schools include Lexington (elementary), Lexington (middle), Lexington (high school).

What are the property taxes on 1036 Sherrill LN, Lexington TX 78947?

The annual property taxes on 1036 Sherrill LN, Lexington TX 78947 are $10,933 (as of 2025).

How big is the lot at 1036 Sherrill LN, Lexington TX 78947?

The lot at 1036 Sherrill LN, Lexington TX 78947 is 7 acres, and the home has 3,279 square feet of living space.

What type of property is 1036 Sherrill LN, Lexington TX 78947?

1036 Sherrill LN, Lexington TX 78947 is a residential property.

Does 1036 Sherrill LN, Lexington TX 78947 have a garage?

Yes, 1036 Sherrill LN, Lexington TX 78947 has a 2-car garage.

What subdivision is 1036 Sherrill LN, Lexington TX 78947 in?

1036 Sherrill LN, Lexington TX 78947 is located in the Blue Country Estates subdivision in Lexington, TX.

How long was 1036 Sherrill LN, Lexington TX 78947 on the market?

1036 Sherrill LN, Lexington TX 78947 was on the market for 19 days, listed on February 15, 2026.

What heating and cooling does 1036 Sherrill LN, Lexington TX 78947 have?

1036 Sherrill LN, Lexington TX 78947 has central, electric, heat pump heating and central air, electric, heat pump cooling.

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