Listing provided courtesy of eXp Realty LLC- MLS# 21279187MLS ProviderContact Information: Victor Steffen - 570-780-1838

260 Mcgraw LaneSherman, TX 75090

Single Family · 5 Beds · 3 Full Baths · 3,527 Sq. ft. | 0.87 Acres
$649,000 Active

260 Mcgraw Lane Overview

Visits:
6

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.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

260 Mcgraw Lane Facts & Features

  • Type Single Family
  • Sq. ft. 3,527
  • Price/Sq.ft. $184
  • Lot 0.87 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Sherman ISD
  • Elementary School: Dillingham
  • Middle Or Junior School: Sherman
  • High School: Sherman

Building Information

  • Year Built: 1945

Location/Region

  • Country: US
  • County Or Parish: Grayson
  • Postal City: SHERMAN
  • Subdivision Name: Winfred Bailey Surv Abs #64

Tax Information

  • Tax Annual Amount: 3396.0

General Information

  • Parcel Number: 125644
  • Property Sub Type: Single Family Residence
  • Property Type: Residential

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total: 3
  • Bedrooms Total: 5

General Information

  • Appliances: Dryer,Dishwasher
  • Basement: No
  • Fireplace Features: Decorative,Electric
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Interior Features: Wet Bar,Built-in Features
  • Levels: Three Or More
  • Living Area: 3527.0

Exterior

Parking Information

  • Parking Features: Additional Parking,Covered

Lot Information

  • Lot Size Acres: 0.874
  • Lot Size Area: 0.874
  • Lot Size Square Feet: 38071.44
  • Lot Size Units: Acres

Waterfront/View

  • Waterfront Features: Lake Front
  • Waterfront: Yes

Building Exterior/Construction

  • Architectural Style: Detached
  • Property Attached: No
  • Structure Type: House

General Information

  • Carport Spaces: 2.0
  • Carport: Yes
  • Covered Spaces: 2.0
  • Pool Features: None
  • Sewer: Septic Tank
  • Utilities: Septic Available

Room Information

Room: Living Room

  • Level: First
  • Dimensions: 20 x 20
  • Length: 20.0
  • Width: 20.0

Room: Primary Bedroom

  • Level: First
  • Dimensions: 20 x 20
  • Length: 20.0
  • Width: 20.0
Login to view neighborhood data

260 Mcgraw Lane Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.
Login to view market statistics


Prosperity Home Mortgage, LLC

Prosperity Home Mortgage, LLC

When you decide to buy a home or refinance your mortgage, your search should start and end here. At Prosperity Home Mortgage, LLC, we strive to create an extraordinary customer experience through the efforts of knowledgeable and caring mortgage professionals where relationships are valued, and the focus is on treating every client as if they were the only client. Choose a lender you can trust to find the mortgage loan that best suits your needs.


HomeServices Insurance

HomeServices Insurance

HomeServices Insurance is an independent agency that operates through a network of offices located throughout the northern Texas area.  As a full-service operation, we offer a full suite of quality insurance solutions including home, auto, umbrella, and more.  We have established long term relationships with many of the top national and regional carriers in the country, bringing you the power of choice when it comes to your personal insurance needs.