Rare opportunity to own 23 pristine acres in the rapidly expanding Sherman area. This expansive tract is currently Ag-exempt and being farmed for winter wheat, offering immediate tax benefits and exceptional investment potential. Ideal for a residential development or a private luxury estate, the property features a clean topography with the distinct advantage of having zero acreage located in a flood zone. A charming small creek meanders along the tree line, providing a scenic natural border while remaining easily crossable by vehicle for full property access. Included on the site is a functional 1,216 sqft single-wide mobile home featuring 3 bedrooms and 2 bathrooms, which is perfect for rental income, a foreman's quarters, or a temporary residence while you build. Whether you are looking to develop immediately or hold for future appreciation in a high growth corridor, this versatile property offers the space and utility to realize your vision.
Lot/land
Price cut: $70K (6/3)
$850,000
225 Caleb Rd, Sherman, TX 75090
--beds
--baths
23.06Acres
Unimproved Land
Built in 2019
23.06 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Expansive tractClean topographyScenic natural border
- 138 days |
- 39 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Zac Hamilton 0802605 903-818-6079,
Hamilton & Co. Real Estate, LLC - Premium Service 972-322-6722
Source: NTREIS,MLS#: 21159925
Facts & features
Interior
Video & virtual tour
Property
Lot
- Size: 23.06 Acres
- Features: Acreage, Agricultural, Subdivided
Details
- Parcel number: 122301
- Zoning description: Agriculture/Development
Utilities & green energy
- Sewer: Aerobic Septic
- Utilities for property: Septic Available
Community & HOA
Community
- Subdivision: Grayson Co Unplatted
HOA
- Has HOA: No
Location
- Region: Sherman
Financial & listing details
- Tax assessed value: $768,639
- Annual tax amount: $525
- Date on market: 1/21/2026
- Cumulative days on market: 138 days
- Listing terms: Cash,Conventional,Contract,1031 Exchange,Federal Land Bank
Estimated market value
Not available
Estimated sales range
Not available
$1,263/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/3/2026 | Price change | $850,000-7.6% |
Source: NTREIS #21159925 Report a problem | ||
| 4/17/2026 | Price change | $920,000-2.1% |
Source: NTREIS #21159925 Report a problem | ||
| 1/21/2026 | Listed for sale | $939,999-21.7% |
Source: NTREIS #21159916 Report a problem | ||
| 1/19/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/1/2026 | Price change | $1,200,000-9.4% |
Source: Owner Report a problem | ||
| 12/9/2025 | Listed for sale | $1,325,000+4.5% |
Source: Owner Report a problem | ||
| 11/13/2025 | Listing removed | $1,268,300 |
Source: NTREIS #21105586 Report a problem | ||
| 11/6/2025 | Listed for sale | $1,268,300-31.3% |
Source: NTREIS #21105586 Report a problem | ||
| 11/3/2025 | Listing removed | $1,844,800 |
Source: NTREIS #21016791 Report a problem | ||
| 9/16/2025 | Price change | $1,844,800-20% |
Source: NTREIS #21016791 Report a problem | ||
| 8/2/2025 | Listed for sale | $2,306,000 |
Source: NTREIS #21016791 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $525 -12% | $753,797 +6.9% |
| 2024 | $596 +39.7% | $705,204 +11.9% |
| 2023 | $427 -61.7% | $630,268 +32.9% |
| 2022 | $1,115 -6.2% | $474,336 +64.7% |
| 2021 | $1,189 | $287,993 +14.4% |
| 2020 | -- | $251,677 +13.8% |
| 2019 | $92 | $221,166 +5031.5% |
| 2018 | -- | $4,310 -0.8% |
| 2017 | -- | $4,343 +0.8% |
| 2016 | -- | $4,310 +1.1% |
| 2015 | -- | $4,264 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 75090
Nearby schools
GreatSchools rating
- 3/10Dillingham Elementary SchoolGrades: K-5Distance: 4.3 mi
- 4/10Sherman MiddleGrades: 6-8Distance: 2.7 mi
- 5/10Sherman High SchoolGrades: 9-12Distance: 6.4 mi
Schools provided by the listing agent
- Elementary: Jefferson
- 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
- 225 Caleb Rd




