Welcome to lake life at 78 Pheasant Ln! Nestled along a protected cove at Sherman Reservoir, this spacious 6-bed, 2.5-bath retreat offers multiple living areas, abundant natural light, lake views, a screened porch, shared boat dock, fire pit, oversized detached garage & ample parking for boats, trailers & guests.
A perfect place to relax, entertain & enjoy life on the water!This property sits on leased land (0.29 +/- acres) within the Sherman Reservoir Trail 12 Cabin Area-SUBJECT TO CHANGE. (Land should be deeded soon to cabin owners-contact listing agent for more information).The provided concession agreement establishes a lease term beginning May 1, 2024,
with provisions governing transfers, improvements, waterfront facilities, and future lease extensions. Buyers should review the applicable lease documents and verify current terms, fees, transfer requirements, and any future changes with the appropriate parties.
The lot lease is currently $1,134/year. Sherman Lake Homes Corporation fee is $300/year which includes road maintenance and water usage by the property. Electric and trash disposal are left to the responsibility of the owner. There is a private boat ramp located on Trail 12 for your use.
Situated on a protected cove at Sherman Reservoir, this spacious lake retreat offers 6 bedrooms, 2.5 baths, multiple living areas, a shared boat dock, a boat ramp into the cove, oversized detached garage, 220 v hook-up for RV, and plenty of parking for guests and lake toys.
The lower level (720 sq ft) features an open living and dining area, kitchen, laundry/utility room with half bath, and walkout to a south-facing screened porch (300 sq ft)-perfect for dining, entertaining, or relaxing after a day on the water. Just outside are a fire pit, grilling patio, outdoor bar seating, and easy access to the cove.
The main level (1020 sq ft) includes 4 bedrooms, a full bath, and cove views. Upstairs (510 sq ft), you'll find 2 additional bedrooms, a full bath with double sinks, walk-in shower and jetted tub, plus a second living area with space for a home office, game area or gathering room.
Large windows fill the home with natural light, while the protected cove creates a great setting for swimming, relaxing, and dock access. A shared boat dock is currently used with two neighboring properties.* Outside, enjoy a spacious yard, established landscaping, and plenty of room to spread out.
The 1,200 sq. ft. detached garage features 12 x 8 and 16 x 8 overhead doors, plus an approximately 34 parking pad (with 220 v RV hook-up) and additional rock parking for boats, trailers, jet skis, and vehicles. *Any new or relocated dock is subject to Nebraska Game and Parks Commission approval and applicable dock standards.
Utilities Electric: Loup Valley's Rural Public Power - Avg. bill approx. $112/month Water: Included in Part of Trail 12 Association Fee Sewer: Septic tank Trash: Owner responsibility Recent Upgrades & Mechanicals Metal roof: New in 2026 Vinyl siding: New in 2025 HVAC: 2 Lennox electric furnaces & 2 Lennox central A/C units Water heater: 50-gallon e
lectric Whether you're looking for a primary residence or a vacation getaway- make the most of every season at Sherman Reservoir with a property designed for gathering, relaxing, and enjoying the water. Spend summer days on the lake, evenings around the fire pit, and quiet mornings overlooking the cove.
With generous indoor and outdoor living space, excellent storage, and room for all the lake toys- 78 Pheasant Ln is ready to be enjoyed! Plus, reliable internet, WiFi, and cell service ensure you can stay connected. Sherman Reservoir is a favorite Central Nebraska destination for fishing, boating and outdoor recreation, featuring a 2,845-acre lake and approximately 4,721 acres of surrounding land.
Anglers can pursue walleye, crappie, white bass, channel and flathead catfish, and northern pike. Sherman is especially well known for its walleye and crappie fishing, and large flathead catfish offer th
