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$649,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 260 McGraw Ln
General
- Price: $649,000
- Taxes: $3,396
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21237931
- Updated: 4/13/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Wet Bar, Built-in Features
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Decorative, Electric
- Appliances: Dryer, Dishwasher
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Parking
- Carports: Yes
- Carport Spaces: 2
- Covered Spaces: 2
- Parking Features: Additional Parking, Covered
Location
- County: Grayson
- Subdivision: Winfred Bailey Surv Abs #64
- Driving 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.
School Information
- Elem School District: Sherman ISD
- Midd School District: Sherman ISD
- High School District: Sherman ISD
- Elementary School: Dillingham
- Middle School: Sherman
- High School: Sherman
Utilities
- Sewer: Septic Tank
- Utility Description: Septic Available
Structural Information
- Property Detached: Yes
- Architectural Style: Detached
- Structure Type: House
- Detached/Attached: Detached
- Living Area: 3,527 Sq. Ft.
- Year Built: 1945
Lot Features
- Lot Size (Acres): 0.874
- Lot Size (Sq. Ft.): 38,071.44
Water Features
- Water Front: Yes
- Water Front Desc.: Lake Front
- Lake Front: Yes
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $3,396
Disclosures and Reports
- Legal Description: G-0064 BAILEY WINIFRED A-G0064, ACRES .874
- Property ID: 125644
Listed by eXp Realty LLC, Victor Steffen
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Schools
Schools serving 260 McGraw Ln
School District:Sherman Independent School District
| Name | Grades | Distance |
|---|---|---|
Dillingham Elementary School 1701 Gallagher Drive, Sherman, TX 75090 | K-5 | 6.4 mi |
Sherman Middle 2201 East Lamar Street, Sherman, TX 75090 | 6-8 | 4.1 mi |
Sherman High School 2907 West Travis Street, Sherman, TX 75092 | 9-12 | 4.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 260 McGraw Ln
Date
Details
Price
Change
Source
4/13/2026
Listed
$649,000
—
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 260 McGraw Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,400
-10%
$201,060
—
2023
$3,787
-33%
$201,304
-10%
2022
$5,617
—
$223,897
-25%
2022
$5,617
348%
$299,168
45%
2021
$1,254
—
$206,511
3%
2020
$1,253
-47%
$200,234
82%
2019
$2,349
4%
$109,734
10%
2018
$2,268
15%
$99,758
5%
2017
$1,979
-23%
$94,825
-22%
2016
$2,564
-1%
$122,050
—
2015
$2,586
5%
$122,050
6%
2013
$2,454
—
$115,671
—
2013
$2,454
—
$115,789
—
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 260 McGraw Ln
260 McGraw Lane, Sherman, TX 75090 (MLS# 21237931) is a Single Family property with 5 bedrooms and 3 full bathrooms. 260 McGraw Lane is currently listed for $649,000 and was received on April 13, 2026. Want to learn more about 260 McGraw Lane? Do you have questions about finding other Single Family real estate for sale in Sherman? You can browse all Sherman real estate or contact a Coldwell Banker agent to request more information.

