Step 1: Write the coordinates in tabular form for using the shoelace formula.}
The given vertices of the quadrilateral taken in order are
\[
(1,1), \quad (3,4), \quad (5,-2), \quad (4,-7)
\]
Now, we write them in order and repeat the first point at the end:
\[
\begin{array}{c|c}
x & y
\hline
1 & 1
3 & 4
5 & -2
4 & -7
1 & 1
\end{array}
\]
Step 2: Find the sum of the products of downward diagonals.}
Using the shoelace rule, we calculate
\[
S_1 = (1 \times 4) + (3 \times -2) + (5 \times -7) + (4 \times 1)
\]
\[
S_1 = 4 - 6 - 35 + 4 = -33
\]
Step 3: Find the sum of the products of upward diagonals.}
Now,
\[
S_2 = (1 \times 3) + (4 \times 5) + (-2 \times 4) + (-7 \times 1)
\]
\[
S_2 = 3 + 20 - 8 - 7 = 8
\]
Step 4: Apply the formula for area of a quadrilateral.}
The area of the quadrilateral is given by
\[
\text{Area} = \frac{1}{2}\left|S_1 - S_2\right|
\]
Substituting the values, we get
\[
\text{Area} = \frac{1}{2}\left|-33 - 8\right|
\]
\[
\text{Area} = \frac{1}{2}\left|-41\right| = \frac{41}{2}
\]
Step 5: Write the final answer.}
Therefore, the area of the quadrilateral is
\[
\boxed{\frac{41}{2} \text{ square units}}
\]
or
\[
\boxed{20.5 \text{ square units}}
\]