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For sale
  • $649,000

    260 McGraw Ln, Sherman, TX 75090

    5beds
    3,527sqft
    : 
    Single Family Residence
    Built in 1945
    0.87 Acres Lot
    $623,600 Zestimate®
    $184/sqft
    $-- HOA

    What's special

    Lakefront settingBeautifully updated modern farmhousePrivate lakePaddle boarding
    Beautifully updated modern farmhouse on a private lake just outside downtown Sherman. This is a rare combination of setting, finish-out, and owner-flexibility in a quiet country home with water access, all within easy reach of North Texas growth. The property is being sold fully furnished, with all furniture, décor, appliances, beds, and linens conveying with the sale. It’s truly turnkey, walk in and start enjoying it immediately. The outdoor experience is what sets this property apart. Private lake access with your own dock, fishing, paddle boarding, and a hot tub overlooking the water. It’s peaceful, private, and very rare to find at this price point. For investors, this is a proven short-term rental. The property generated $120,000 in Airbnb revenue in 2025 and is purpose-built for large group bookings, a niche that consistently drives higher nightly rates and strong occupancy. The lakefront setting creates an experiential advantage that most STRs cannot replicate, supporting premium pricing and repeat demand. The home is already operating with established systems and professional management in place, offering a true plug-and-play opportunity with immediate income and minimal ramp-up. Confirmed financials are available and can be shared with qualified buyers upon review of proof of funds or lender approval. Located in Sherman, part of the rapidly expanding North Texas corridor, the property also benefits from continued population growth, new development, and long-term appreciation trends. Whether you’re looking for a primary residence, a second home on the water, or a high-performing Airbnb, this property checks all three boxes. Reach out to schedule a showing or request additional details.
    19 days
    |
    598
    |
    86
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Victor Steffen 0743891 570-780-1838,

    eXp Realty LLC 888-519-7431

    Source: NTREIS,MLS#: 21237931

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Primary bedroom
      • Level: First
      • Dimensions: 20 x 20
      Living room
      • Level: First
      • Dimensions: 20 x 20
      Appliances
      • Included: Dryer, Dishwasher
      Features
      • Wet Bar, Built-in Features
      • Has basement: No
      • Number of fireplaces: 1
      • Fireplace features: Decorative, Electric
      Interior area
      • Total interior livable area: 3,527 sqft
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      Property

      Parking
      • Total spaces: 2
      • Parking features: Additional Parking, Covered
      • Carport spaces: 2
      Features
      • Levels: Three Or More
      • Stories: 3
      • Pool features: None
      • On waterfront: Yes
      • Waterfront features: Lake Front
      Lot
      • Size: 0.87 Acres
      Details
      • Parcel number: 125644

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Detached
      • Property subtype: Single Family Residence
      Condition
      • Year built: 1945

      Utilities & green energy

      • Sewer: Septic Tank
      • Utilities for property: Septic Available

      Community & HOA

      Community
      • Subdivision: Winfred Bailey Surv Abs #64
      HOA
      • Has HOA: No
      Location
      • Region: Sherman

      Financial & listing details

      • Price per square foot: $184/sqft
      • Tax assessed value: $201,060
      • Annual tax amount: $3,396
      • Date on market: 4/13/2026
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        Estimated market value

        $623,600

        $592,000 - $655,000

        $4,171/mo

        Price history

        DateEventPrice
        4/13/2026Listed for sale$649,000+182.3%$184/sqft
        Source: NTREIS #21237931 Report a problem
        3/28/2026Listing removed$5,500$2/sqft
        Source: Zillow Rentals Report a problem
        3/7/2026Listed for rent$5,500$2/sqft
        Source: Zillow Rentals Report a problem
        1/10/2026Listing removed$5,500$2/sqft
        Source: Zillow Rentals Report a problem
        12/24/2025Listed for rent$5,500$2/sqft
        Source: Zillow Rentals Report a problem
        12/4/2025Listing removed$5,500$2/sqft
        Source: Zillow Rentals Report a problem
        6/16/2025Listed for rent$5,500$2/sqft
        Source: Zillow Rentals Report a problem
        2/8/2025Listing removed$5,500$2/sqft
        Source: Zillow Rentals Report a problem
        1/23/2025Price change$5,500+22.2%$2/sqft
        Source: Zillow Rentals Report a problem
        12/2/2024Price change$4,500-43.8%$1/sqft
        Source: Zillow Rentals Report a problem
        11/22/2024Listed for rent$8,000$2/sqft
        Source: Zillow Rentals Report a problem
        2/26/2024Sold--
        Source: NTREIS #20462974 Report a problem
        1/26/2024Pending sale$229,900$65/sqft
        Source: NTREIS #20462974 Report a problem
        1/17/2024Contingent$229,900$65/sqft
        Source: NTREIS #20462974 Report a problem
        1/6/2024Price change$229,900-8%$65/sqft
        Source: NTREIS #20462974 Report a problem
        12/11/2023Listed for sale$249,900$71/sqft
        Source: NTREIS #20462974 Report a problem
        12/7/2023Pending sale$249,900$71/sqft
        Source: NTREIS #20462974 Report a problem
        11/12/2023Listing removed--
        Source: NTREIS #20462974 Report a problem
        10/25/2023Listed for sale$249,900$71/sqft
        Source: NTREIS #20462974 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,396 -0.1%$201,060 -0.1%
        2024$3,400 -10.2%$201,304 -10.1%
        2023$3,787 -32.6%$223,897 -25.2%
        2022$5,617 +348.2%$299,168 +125.3%
        2021$1,253 $132,778 +10%
        2020-- $120,707 +10%
        2019$1,257 -12%$109,734 +10%
        2018$1,428 -28.6%$99,758 +5.2%
        2017$2,000 $94,825 -22.3%
        2016$2,000 -0.8%$122,050
        2015$2,015 $122,050 +5.5%
        2014$2,015 $115,671 -0.1%
        2013-- $115,789 +0.4%
        2012-- $115,309 -36.6%
        2011-- $181,761 +11.3%
        2010-- $163,275
        2009-- $163,275
        2008-- $163,275
        2007-- $163,275 -3.4%
        2006-- $169,020 +4%
        2005-- $162,458 +10%
        2004-- $147,689 +31.3%
        2002-- $112,507
        2001-- $112,507
        2000-- $112,507

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $3,966/mo
        Principal & interest
        $3176
        Property taxes
        $790
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          Climate risks

          Neighborhood: 75090

          Getting around

          0 / 100
          Car-Dependent
          11 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Dillingham
          • Middle: Sherman
          • High: Sherman
          • District: Sherman ISD

          Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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