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Lexington · Blue Country Estates

$1,075,000 82 days on market

Reduced from $1,175,000 · −8.5%

1036 Sherrill Ln, Lexington, TX 78947

  • 3bedrooms
  • 2.5bathrooms
  • 3,279sqft
  • 7.0acres
  • 1998year built

About this home

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.

Property

Type
Single Family Residence
Levels
One
Year built
1998
Lot size
7.00 acres
Subdivision
Blue Country Estates
MLS #
ACT9779441

Inside

Bedrooms
3
Bathrooms
2.5
Living area
3,279 sqft
Fireplaces
1

Outside / parking

Garage spaces
2

Schools

Elementary
Lexington
High school
Lexington
District
Lexington ISD

Costs

Est. annual taxes
$10,933 (2025)

Listing

First listed
Feb 15, 2026
Days listed
82
Original price
$1,175,000
Status
Active

Listed by Dan Brunner, Daniel Brunner, Broker · [email protected] · MLS# ACT9779441 · Active

Estimate your monthly payment

Loan

Down payment
%
0%10%20%30%40%50%
Loan term
Interest rate (%)
3%5%7%9%

Yearly costs

Monthly payment

$0

Total monthly

Principal & interest
$0
Property tax
$0
Insurance
$0
HOA
$0
Loan amount
$0

Estimate only. Tax / insurance defaults are typical Texas figures; your actual numbers will vary. Talk with a lender for a real quote — I can refer you to one I trust.

Where this home sits

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