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$42,500
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Property Description
Welcome to 509 E Shepherd Street in Denison, Texas, a prime .178-acre homesite offering a rare opportunity to build your dream home in a well-established neighborhood just minutes from vibrant downtown Denison. This level and mostly cleared lot provides the ideal foundation for new construction with utilities available at the street and no HOA restrictions, allowing for design flexibility and creative freedom. Nestled on a quiet street lined with mature trees and classic Texas charm, the property offers peaceful surroundings while remaining close to shopping, dining, schools, and local events. Whether you're building your primary residence or investing in the area's growth, this property is an excellent fit for those seeking a balance between community connection and outdoor adventure. One of the standout features of this location is its close proximity to Lake Texoma, located just 10 miles away. Known as one of the largest and most popular lakes in the region, Lake Texoma offers over 89,000 acres of open water, more than 1,000 miles of shoreline, and countless recreational opportunities. Residents enjoy easy access to boating, fishing, paddleboarding, and lakeside picnics. The nearby Eisenhower State Park provides scenic hiking trails, campgrounds, and panoramic lake views, making it a favorite destination for weekend outings and nature lovers. In addition to Lake Texoma, this property is conveniently situated near several local parks including Munson Park and Forest Park, offering playgrounds, open green spaces, and sports facilities that add to the appeal of everyday living in Denison. The neighborhood is part of the growing Texoma region, which continues to attract new development, cultural attractions, and community initiatives. With its blend of peaceful residential setting and close proximity to outdoor recreation, 509 E Shepherd Street is a compelling option for buyers looking to enjoy both small-town warmth and the adventure of lakeside living.
Full Property Details
Full Property Details for 509 E Shepherd St
General
- Price: $42,500
- Taxes: $844
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 20987486
- Updated: 1/1/2026
- Added to Site: 198 day(s) ago
Location
- County: Grayson
- Subdivision: Winans Add
- Driving Directions: From Hwy 75 N take Spur 503 turn right on W Hull St., left on Crockett Ave., right onto E Shepherd St. Lot on the left- sign in yard
School Information
- Elem School District: Denison ISD
- Midd School District: Denison ISD
- High School District: Denison ISD
- Middle School: Henry Scott
- High School: Denison
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Investment, Residential, Single Family, Vacant
Lot Features
- Lot Size (Acres): 0.178
- Lot Size (Sq. Ft.): 7,753.68
- Lot Size Source: Assessor
- Frontage: City Street, All Weather Road, Asphalt
- Lot Features: Cleared, Interior Lot, Many Trees, City Lot
- Trees/Vegetation: Cleared
- Zoning: residential
Water Features
- Water Front Name: Texoma
Financial Considerations
- Tax Amount: $844
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: WINANS ADDN, BLOCK 2, LOT 13, ACRES .1779
- Property ID: 146392
- Block: 2
- Lot Number: 13
Listed by Easy Life Realty, Lisa Hitchcock
Get Pre-Approved Today
Schools
Schools serving 509 E Shepherd St
School District:Denison Independent School District
| Name | Grades | Distance |
|---|---|---|
Lamar Elementary School, Denison, TX 1000 South 5th Avenue, Denison, TX 75020 | PK-4 | 0.2 mi |
Henry Scott Middle 1901 South Mirick Avenue, Denison, TX 75020 | 7-8 | 1.3 mi |
Denison High School 4200 Texas 91, Denison, TX 75020 | 9-12 | 3.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 509 E Shepherd St
Date
Details
Price
Change
Source
1/01/2026
Price Reduced
$42,500
-5.56%
MLS
7/02/2025
Listed
$45,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 509 E Shepherd St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$844
-25%
$31,992
-12%
2023
$1,122
123%
$36,348
-27%
2022
$503
—
$49,523
134%
2022
$503
17%
$21,158
20%
2021
$431
11%
$17,593
15%
2020
$387
156%
$15,345
180%
2018
$151
14%
$5,484
15%
2017
$132
-46%
$4,775
-49%
2019
$245
136%
$9,300
150%
2016
$104
-64%
$3,714
-63%
2015
$285
13%
$10,099
13%
2014
$252
—
$8,929
—
2013
$252
—
$8,929
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 509 E Shepherd St
509 E Shepherd Street, Denison, TX 75021 (MLS# 20987486) is a Lots/Land property with a lot size of 0.178 acres. 509 E Shepherd Street is currently listed for $42,500 and was received on July 02, 2025. Want to learn more about 509 E Shepherd Street? Do you have questions about finding other Lots/Land real estate for sale in Denison? You can browse all Denison real estate or contact a Coldwell Banker agent to request more information.

