Contact
SRE-Sudderth Real Estate
100 E Collin St. / 404 N Powell Parkway
Leonard / Anna , TX
Phone:
(903) 587-3301
Fax:
(903) 587-2404

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260 Mcgraw Lane
Sherman, TX 75090
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Community: Winfred Bailey Surv Abs #64
$649,000.00 listing calculator
Status: Active (For Sale)
Type: Residential
Subtype: Single Family Residence
Lot Size: 0.87 Acres
Year Built: 1945
Bedrooms: 5
MLS ID: 21237931


Overview
Photos (41)
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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.

Courtesy Of: eXp Realty LLC


Feature Highlights


  • Dining Room
  • Family Room
  • Fireplace

General Features


Garage:
Additional Parking,Covered

Public Schools


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

Interior Features


Beds Total:
5
Room Count:
2
Baths Full:
3
Number Of Living Areas:
1
Number Of Dining Areas:
1
Interior Features:
Built-in Features,Wet Bar
Fireplaces Total:
1
Fireplace Features:
Decorative,Electric

Exterior Features and Amenities


Lot Size:
.5 to < 1 Acre
Lot Size Area:
0.8740
Lot Size Units:
Acres
Parking Features:
Additional Parking,Covered
Subdivision Name:
Winfred Bailey Surv Abs #64

Utility Information


Utilities:
Septic

Financial


Unexempt Taxes:
$3,396.00
Tax Legal Description:
G-0064 BAILEY WINIFRED A-G0064, ACRES .874
Transaction Type:
For Sale

Other Features


Will Subdivide:
No
Structural Style:
Lake House,Single Detached,Vacation Home
Possession:
Closing/Funding
Parcel Number:
125644


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.

Availability Calendar


- Available - Unavailable

Rental Rates


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Copyright 2026 NTREIS. All rights reserved. The data relating to real estate for sale on this Web site comes in part from the Internet Data Exchange Program of the NTREIS. Real estate listings held by brokerage firms other than SRE-Sudderth Real Estate includes the name of the listing brokers.
Data last updated: 2026-04-22
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