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260 Mcgraw Lane

Sherman, Texas 75090
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$649,000 $2,736/Mo
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Bed 5

Bed

Bath 3

Bath

SqFt3,527

Sqft

Acres0.87

Acre(Lot)

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.

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Detail Ic Property Details

Property Type : Residential

Price : $649,000

AD Id : 79073714

MLS Id : 562692104

Beds : 5

Lot Size : 0.87 Acre

Living Area Size : 3,527

Year Built : 1945

County : Grayson

Subdivision: Country Meadow Ph One

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 5

    Bathroom Information

    Total Baths: 3 Full Baths: 3 Half Baths: 0

  • Interior Features

    Built-in Features,Wet Bar

    Appliances

    Dishwasher,Dryer

    Utilities

    Septic

  • Fireplace

    Number of Fireplaces: 1 Fireplace Features: Decorative,Electric

  • Building Information

    Built Year: 1945

  • Lot Information

    Lot Size (Acr): 0.8740 Lot Size Units: Acres Lot Size Square Feet: 38,071

  • Property Information

    SQ ft (Living Area): 3,527 Property Type: Residential Property Sub Type: Single Family Residence Subdivision: Winfred Bailey Surv Abs #64 City: Sherman State: Texas Directions: From Interstate 75, take the US-82 exit west toward Sherman, continue 3 miles then turn left onto McGraw Ln, where 260 McGraw Ln will be ahead on your left. Property Status: Active Levels: Three Or More Property Age: 81

  • Listing Price Information

    Original List Price: $649,000 List Price Tot SqFt: $184

  • Listing Information

    Possession: Closing/Funding

  • Tax Information

    Parcel Number: 125644 Tax Legal Description: G-0064 BAILEY WINIFRED A-G0064, ACRES .874 Unexempt Taxes: $3,396

  • Parking Information

    Carport Spaces: 2 Parking Features: Additional Parking,Covered

  • Homeowners Association Information

    HOA Type: None

  • School Information

    Elementary School: Dillingham Middle School: Sherman High School: Sherman School District: Sherman ISD

  • Utility Information

    Utilities: Septic
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1972 Smith Oak Road, Sherman, TX, 75090 $326,000 3 2 1,528 1,528 SqFt
1206 Hayes Road, Sherman, TX, 75090 $239,999 3 2 1,038 1,038 SqFt
1223 Old Ida Rd Street, Sherman, TX, 75090 $244,900 4 2 1,791 1,791 SqFt
1489 Calf Creek Lane, Sherman, TX, 75090 $359,000 3 2 1,120 1,120 SqFt
8041 State Highway 11, Sherman, TX, 75090 $295,000 3 2 1,404 1,404 SqFt
773 Pennell Road, Sherman, TX, 75090 $462,900 4 2 2,307 2,307 SqFt
248 Roan Lane, Sherman, TX, 75090 $1,495,000 3 3 2,688 2,688 SqFt
49 Bois D Arc Circle, Sherman, TX, 75090 $399,900 3 2 1,893 1,893 SqFt
85 Quail Run Road, Sherman, TX, 75090 $399,999 4 3 2,706 2,706 SqFt
209 Mary Fitch Road, Sherman, TX, 75090 $1,199,000 4 4 2,254 2,254 SqFt

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Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved

ByOwner last updated this listing 06/11/2026 @ 06:53

MLS: 562692104 LISTED BY: Victor Steffen, eXp Realty LLC 570-780-1838 SOURCE: NTREIS - North Texas Real Estate Information

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