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Collin, US
Known as “The Red Gate Inn,” this 4-bed, 4 full & 1 half bath property offers a rare investment opportunity in the heart of Downtown McKinney! This Airbnb-ready property is ideal for investors seeking to expand their portfolio and has previously operated as a successful Bed & Breakfast. It also presents incredible potential as a boutique wedding venue, event space, or private residence. Situated on a .41-acre corner lot within walking distance to McKinney Square, this historic home blends timeless charm with modern updates. The iconic red gate entry welcomes you to a flagstone patio and wrap-around porch complete with swing and multiple seating areas—creating an inviting first impression. Inside, remodeled spaces are filled with natural light and showcase hardwood floors throughout. The main house features 3 bedrooms, each with its own ensuite bath. The primary suite offers a beautifully remodeled bath with walk-in shower, vintage soaking tub, custom vanity and elegant sconce lighting. The expansive kitchen is designed for hosting, featuring stainless steel appliances including a Viking gas range, double ovens, vented hood, large island, granite countertops and built-in buffet. The kitchen flows seamlessly into the dining area and oversized living room with gas fireplace. Upstairs, two additional suites—“The Yellow Rose” and “The Blue Bonnet”—offer sitting areas and remodeled baths. The fourth bedroom suite is located above the detached two-car garage, complete with fireplace and full bath, perfect for extended stays or rental flexibility. Outdoors, the manicured grounds provide multiple gathering spaces, oversized yard, gazebo, and pool & spa, accommodating events of up to 50 guests. Whether you envision continuing its legacy as a Bed & Breakfast, operating a thriving Airbnb, hosting unforgettable events, or enjoying it as a private estate, “The Red Gate Inn” offers unmatched versatility in one of McKinney’s most desirable locations.
Courtesy Of: Compass RE Texas, LLC
Feature Highlights
- Dining Room
- Family Room
- Spa
- Fireplace
- Wood Floor
- Tile Floor
- Accessory Unit
General Features
- Style:
- Craftsman,Traditional
- Foundation Type:
- Pillar/Post/Pier
- Garage:
- Additional Parking,Driveway,Garage,On Street
Public Schools
- School District:
- McKinney ISD
- Elementary School:
- Caldwell
- Middle School:
- Faubion
- High School:
- Mckinney Boyd
Interior Features
- Room Count:
- 14
- Number Of Living Areas:
- 2
- Baths Full:
- 4
- Baths Half:
- 1
- Beds Total:
- 4
- Number Of Dining Areas:
- 1
- Fireplace Features:
- Bedroom,Decorative,Electric,Gas Logs,Gas Starter,Living Room
- Fireplaces Total:
- 2
- Flooring:
- Ceramic Tile,Wood
- Interior Features:
- Built-in Features,Cable TV Available,Decorative Lighting,Eat-in Kitchen,Granite Counters,High Speed Internet Available,Kitchen Island,Open Floorplan,Pantry,Walk-In Closet(s)
- Heating:
- Central
Exterior Features and Amenities
- Subdivision Name:
- Coleman Add
- Lot Size Units:
- Acres
- Lot Size Area:
- 0.3160
- Lot Size:
- Less Than .5 Acre (not Zero)
- Lot Features:
- Few Trees,Landscaped,Lrg. Backyard Grass
- Parking Features:
- Additional Parking,Driveway,Garage,On Street
- Pool Features:
- Gunite,In Ground,Pool/Spa Combo
- Roof:
- Composition
- Fencing:
- Fenced,Gate,Metal,Wood,Wrought Iron
- Exterior Features:
- Balcony,Covered Patio/Porch,Lighting,Private Yard
- Architectural Style:
- Craftsman,Traditional
Utility Information
- Utilities:
- City Sewer,City Water
Financial
- Tax Legal Description:
- COLEMAN ADDITION (CMC), BLK 7, LOT 57C
- Transaction Type:
- For Sale
- Unexempt Taxes:
- $17,201.00
Other Features
- Will Subdivide:
- No
- Structural Style:
- Single Detached
- Accessory Unit Type:
- Guest Quarters
- Possession:
- Closing/Funding
- Parcel Number:
- R0869007057C1
- Garage Width:
- 23
- Garage Length:
- 21
- Foundation Details:
- Pillar/Post/Pier
- Construction Materials:
- Siding
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Data last updated: 2026-03-06.
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