Description
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 Details
| Status | Active |
| MLS # | ACT219326447 |
| Taxes | $10,933 (2025) / year |
| Type | Residential |
| Year Built | 1998 |
| Lot Size | 7.00 AC / 304,920 SF |
| County | Lee |
| Subdivision | Blue Country Estates |
| Garage Spaces | 2 |
Property Information
Interior
Exterior
Appliances
Community
Parking
Utilities & Construction
Directions: From Hwy. 290 in Elgin, head toward Houston and take a left on FM 696. Proceed approximately 14 miles and turn left on Sherrill Lane. The first gate on the right is the entrance to the property.
Location
Property History
| Date | Event | Price |
|---|---|---|
| Mar 1, 2026 | Listed (Active) · MLS# ACT219326447 | $1,175,000 |
Full transaction history may not be available. Data sourced from ACTRIS MLS.
Public Records
| Beds | 3 |
| Lot Size | 304,920 Sq. Ft. |
| Style | Residential |
| County | LEE |
| MLS # | ACT219326447 |
Schools
Please verify enrollment eligibility directly with schools.
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Payment Estimate
For illustrative purposes only. Contact a lender for accurate figures.