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$649,000
15 Days On Site

260 Mcgraw Lane
Sherman, TX 75090

For Sale|Single Family Residence|Active
5
Beds
3
Total Baths
3
Full Baths
3,527
SqFt
$184
/SqFt
1945
Built
Subdivision:
Winfred Bailey Surv Abs #64
County:
Grayson

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260 Mcgraw Lane260 Mcgraw Lane260 Mcgraw Lane260 Mcgraw Lane
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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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Listing Snapshot
Price 
$649,000
Days On Site 
15 Days
Bedrooms 
5
Inside Area (SqFt) 
3,527 sqft
Total Baths 
3
Full Baths 
3
Partial Baths 
N/A
Lot Size 
0.874 Acres
Year Built 
1945
MLS® Number 
21237931
Status 
Active
Property Tax 
$3,396
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoListing first seen on site
General Features
Acres 
0.874
Carport 
2
Levels 
Three Or More
Parking 
Additional ParkingCovered
Property Sub Type 
Single Family Residence
Sewer 
Septic Tank
Special Circumstances 
Standard
Interior Features
Appliances 
DishwasherDryer
Fireplace 
Yes
Fireplace Features 
DecorativeElectric
Fireplaces 
1
Interior 
Built-in FeaturesWet Bar
Living Room 
Dimensions - 20 x 20Level - First
Master Bedroom 
Dimensions - 20 x 20Level - First
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Exterior Features
Lot Features 
Waterfront
Waterfront 
Yes
Waterfront Features 
Lake Front
Community Features
School District 
Sherman ISD
Schools
School District
Sherman ISD
Elementary School
Dillingham
Middle School
Sherman
High School
Sherman
Listing courtesy of Victor Steffen of eXp Realty LLC [email protected]



© 2020 North Texas Real Estate Information Systems. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed, or used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last checked: 2026-04-29 03:02 AM CDT

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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