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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
Residential
Year Built
1998
Lot Size
7.00 acres
$/Sq Ft
$328
Garage
7 spaces
Listed by Daniel Brunner, Broker
Verified property facts
1036 Sherrill Ln is listed at $1,075,000 with 3 bedrooms, 2 full, 1 half bathrooms, 3,279 square feet, 7.00-acre lot.
1036 Sherrill Ln is zoned for Lexington ISD with assigned schools: Lexington (elementary), Lexington (middle), Lexington (high). School assignments should be verified directly with the district.
1036 Sherrill Ln is a Residential built in 1998 featuring 3 bedrooms, 2 full, 1 half bathrooms, 3,279 square feet, 7.00-acre lot.
1036 Sherrill Ln is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 1036 Sherrill Ln is $10,933. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Price Change with current price, original ask, and market time.
Lexington ISD
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($215K)
$1,075,000
Luxury property intelligence
A sourced read on Blue Country Estates pricing, timing, and property scale. No automated valuation claim.
List price
$1,075,000
Price per sqft
$328/sqft
Vs. Blue Country Estates median
Not available
Days on market
106 days
Original to current
$25K reduction
$1.1M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 1, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($215,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1036 Sherrill Ln is around $6,489 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,075,000, 1036 Sherrill Ln is in the Blue Country Estates market where there are currently 22 active listings in 78947.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
3 events on record
Current Price
$1,075,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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