260 MCGRAW LANE, SHERMAN, TX 75090

Homes for sale in Sherman.

Homes for sale in 75090.


Active

List Price$649,000

260 Mcgraw Lane

Sherman, TX 75090

Listing #21279187

5

Bedrooms

3 full

Bathrooms

3,527

Square Feet

House

Type

About This Property

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.

Property Features

Location Information

County

Grayson

Subdivision

Winfred Bailey Surv Abs #64

Interior Features

Rooms

First Floor Living Room, First Floor Primary Bedroom

Living Room Description

20 x 20

Interior

Wet Bar, Built-in Features

Has Fireplace

Yes

Master Bedroom Description

20 x 20

Number of Fireplaces

1

Full Baths

3

Appliances

Dryer, Dishwasher

Exterior Features

Style

Detached

Lot Size in Sq. Ft.

38,071

Utilities

Septic Available

Waterfront Description

Lake Front

Parking Description

Additional Parking, Covered

Has Waterfront

Yes

Garage Spaces

2

Is One Story

No

Pool Description

None

Lot Description

Lake Front

Lot Size in Acres

0.874

School

Elementary School District

Sherman ISD

Jr. High School

Sherman

Elementary School

Dillingham

High School

Sherman

Additional Information

Property Type

SFR

Status

Active

Property SubType 2

House

Has a Home Owners Association

No

Property SubType

Single Family Residence

Tax Annual Amount

3396.0

Year Built

1945

Similar Listings

Mortgage Calculator

$3,029

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$2,338

Monthly Tax

$540

Monthly Insurance

$151

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

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