260 Mcgraw Lane
Sherman, TX, 75090
$
649,000
Bedrooms5
Baths3.0
Sq
3,527
Monthly Estimate*
$
3,996
for $649,000 with 5 bedrooms and 3 full baths. This 3,527 square foot home was built in 1945 on a lot size of 0.874.
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.
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Features
Interior
Interior Features
Built-in Features
Wet Bar
Basement Y/N
0
Dining Areas
1
Living Areas
1
Half Baths
0
Total Bedrooms
5
Total Baths
3
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Exterior
Waterfront
1
Parking Features
Additional Parking
Covered
WaterFront Features
Lake Front
Lot Size
.5 to < 1 Acre
Structural Style
Lake House
Single Detached
Vacation Home
Garage Y/N
0
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General
Utilities
Septic
Possession
Closing/Funding
Appliances
Dishwasher
Dryer
School District
Sherman ISD
Pool Y/N
0
Year Built
1945
Levels
Three Or More
Property Subtype
Single Family Residence
Subdivision Name
Winfred Bailey Surv Abs #64
Transaction Type
For Sale
County
Grayson
Property Type
Residential
HOA Type
None
Full Baths
3
Status
Active
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.
City
Sherman
Elementary School Name
Dillingham
High School
Sherman
Elementary School
Dillingham
Standard Status
Active
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* Excluded Features
List By
Victor Steffen
Listing Agent
Affordability Calculator
- Monthly Principal & Interest
- $3,996
- Monthly Property Taxes
- $283
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Single family listings in Sherman, TX
Average List Price
$404,869
Percent of Sale Price
38%
About Sherman, TX
40,917
Population
14%
Since 2002
$
44,725
Median Income
34.63
Median Age
30%
Households with Children
Trends Information provided by ATTOM Data Solutions.
3436593
Elementary School
3672418
Middle School
Pricing History
| Date |
Price |
Price Change |
Description |
|
4/13/2026
|
$649,000
|
|
Listed Price
|