260 MCGRAW LANE, SHERMAN, TX 75090
Homes for sale in Sherman.
Homes for sale in 75090.
List Price$649,000
260 Mcgraw Lane
Sherman, TX 75090
No Property Photo Available
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.
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