Tucked outside of Sherman is a ranch that offers a potential buyer more than lakeside living.

The 2,245-acre Valley Lake Ranch — in Savoy roughly 15 miles east of Sherman and 70 miles north of Dallas — includes a 1,100-surface-acre lake that will belong exclusively to the buyer of the property, priced at $24.5 million.

The manmade lake, commissioned by the state of Texas in 1959 and completed in 1961, is nearly the size of White Rock Lake. With depths up to 38 feet, the body of water is ideal…