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.
For sale
$649,000
260 McGraw Ln, Sherman, TX 75090
5beds
3,527sqft
Est.:
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
- 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
Video & virtual tour
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
Estimated market value
$623,600
$592,000 - $655,000
$4,171/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/13/2026 | Listed for sale | $649,000+182.3%$184/sqft |
Source: NTREIS #21237931 Report a problem | ||
| 3/28/2026 | Listing removed | $5,500$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/7/2026 | Listed for rent | $5,500$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/10/2026 | Listing removed | $5,500$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/24/2025 | Listed for rent | $5,500$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/4/2025 | Listing removed | $5,500$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/16/2025 | Listed for rent | $5,500$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/8/2025 | Listing removed | $5,500$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/23/2025 | Price change | $5,500+22.2%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/2/2024 | Price change | $4,500-43.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/22/2024 | Listed for rent | $8,000$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/26/2024 | Sold | -- |
Source: NTREIS #20462974 Report a problem | ||
| 1/26/2024 | Pending sale | $229,900$65/sqft |
Source: NTREIS #20462974 Report a problem | ||
| 1/17/2024 | Contingent | $229,900$65/sqft |
Source: NTREIS #20462974 Report a problem | ||
| 1/6/2024 | Price change | $229,900-8%$65/sqft |
Source: NTREIS #20462974 Report a problem | ||
| 12/11/2023 | Listed for sale | $249,900$71/sqft |
Source: NTREIS #20462974 Report a problem | ||
| 12/7/2023 | Pending sale | $249,900$71/sqft |
Source: NTREIS #20462974 Report a problem | ||
| 11/12/2023 | Listing removed | -- |
Source: NTREIS #20462974 Report a problem | ||
| 10/25/2023 | Listed for sale | $249,900$71/sqft |
Source: NTREIS #20462974 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
More affordability tools
Climate risks
Neighborhood: 75090
Nearby schools
GreatSchools rating
- 3/10Dillingham Elementary SchoolGrades: PK-5Distance: 6.4 mi
- 4/10Sherman MiddleGrades: 6-8Distance: 4.1 mi
- 5/10Sherman High SchoolGrades: 9-12Distance: 4.3 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Grayson County
- Sherman
- 75090
- 260 McGraw Ln




