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4020 Fm 515 Emory, TX ^$ 1,850,000

4020 Fm 515

^$ 1,850,000

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4020 Fm 515

Emory, TX, 75440

^$ 1,850,000

Bedrooms3 Baths2.0 Sq 2,788

Monthly Estimate*

^$ 11,391

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Single Family Home for sale in Emory, TX

for $1,850,000 with 3 bedrooms and 2 full baths. This 2,788 square foot home was built in 2018 on a lot size of 7.695.

Turnkey farm and homestead with all the hard work already done. Emory Market Gardens is a fully built-out specialty agricultural operation in Emory, Rains County — structured around premium gourmet mushroom cultivation, seasonal produce, Harvest Box subscriptions, grow kits, and workshops. The infrastructure is in place and the business is early-stage, making this the right moment for a motivated owner-operator, agri-business investor, or DFW lifestyle buyer to step in and scale. Two Homes – 2,788 SF of Combined Living Space including a 1,688 SF Main Residence (2018) and a 1,100 SF 2nd Home (2021) — both residences included in the total — provide comfortable accommodations for owner-operators or multi-generational living. Ag Infrastructure. 2,400 SF Mushroom Building (2018), 3,800 SF AG Produce Building under cover (2025), 3-Caterpillar Tunnels, 3-Covered Greenhouses, and 3 Acres of irrigated row crops. The Land. 7.695 surveyed acres, fully perimeter-fenced, dual road frontage on FM 515 and CR 3332, ag tax valuation in place, no floodplain per FEMA, and hemp cultivation potential under Texas TDA. Financials available under NDA. Brochure and Video available.

Single Family Active

Price

^$ 1,850,000

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 8,311

Style

Traditional

Lot Size

7.695

Year Built

2018

Town/City

Emory

County/Region

Rains

MLS | Web ID

21300824

Features

Interior

Interior Features Built-in Features Cable TV Available Flat Screen Wiring Open Floorplan Other Vaulted Ceiling(s)

Flooring Carpet Luxury Vinyl Plank

Basement Y/N 0

Dining Areas 1

Living Areas 2

Half Baths 0

Total Bedrooms 3

Total Baths 2

General

Heating Central

Cooling Ceiling Fan(s) Central Air Wall Unit(s)

Utilities All Weather Road Asphalt Co-op Electric Co-op Water Individual Water Meter Outside City Limits Overhead Utilities Propane Septic Underground Utilities No City Services

Possession Negotiable

Roof Composition

Appliances Dishwasher Disposal Electric Cooktop Electric Oven Gas Cooktop Gas Range Microwave

current use Agricultural Crops Investment Retail See Remarks

Number of Garage Spaces 2

Restrictions No Known Restriction(s)

School District Rains ISD

Pool Y/N 0

Crops Irrigated Produce Row Crop Other

Exclusions All Inventory and Supplies.

Year Built 2018

Architectural Style Traditional

Topography Varied

Levels Two

Property Subtype Farm/Ranch

Subdivision Name None

Transaction Type For Sale

Occupant Type Owner

County Rains

Property Type Residential

Construction Materials Siding

Year Built Details Preowned

Accessory Unit Type Accessory Dwelling Unit (ADU)

Accessory Unit Y/N Y

HOA Type None

Special Notes Aerial Photo Flood Plain Survey Available Verify Tax Exemptions

Full Baths 2

Status Active

Directions GPS: 4020 FM 515 Emory Texas - Sign: Emory Market Gardens

City Emory

Other Equipment Farm Equipment Irrigation Equipment Other

Elementary School Name Rains

High School Rains

Elementary School Rains

Standard Status Active

Junior High School Rains

Listing Terms 1031 Exchange Cash Conventional

Exterior

Waterfront 0

Lot Features Acreage Agricultural Few Trees Irregular Lot

Vegetation Crop(s)

Fencing Fenced Perimeter Other

Lot Size Source See Remarks

Parking Features Driveway Gravel Other Parking Lot RV Access/Parking See Remarks

Lot Size 5 to < 10 Acres

Structural Style Single Detached

Garage Y/N 1

Attached Garage Y/N 0

Internal Only

Street Number 1 4020

* Excluded Features

List By

Wendy Johnson

Listing Agent

Keller Williams Rockwall

Broker

Affordability Calculator

$12,083

Per Month

Monthly Principal & Interest: $11,391
Monthly Property Taxes: $693
Monthly Home Insurance: --

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Interest Rate

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Yearly 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.

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Nearby

Trends
Schools

Single family listings in Emory, TX

Average List Price ^$576,927

Percent of Sale Price 69%

About Emory, TX

1,392 Population

17% Since 2002

^$38,257 Median Income

39.26 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

287529 Elementary School

3676471 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/13/2026	$1,850,000		Listed Price

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4020 Fm 515, Emory, TX, 75440 is a Single Family Home for sale at $1,850,000 with 2,788 sqft and a lot size of 7.695. 4020 Fm 515 has 3 bedrooms, 2.0 baths, and was built in 2018. The property's zip code is 75440 which is in Emory, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Property information courtesy of The North Texas Real Estate Information System.

Texas Real Estate Commission Consumer Protection Notice
Texas Real Estate Commission Information About Brokerage Services

Data is updated as of 6/13/2026.

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4020 Fm 515

Single Family Home for sale in Emory, TX

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