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$115,000

209 Mc Elroy Street, Southmayd, TX, 76273

On MarketInfo
Baths0 Bath
Year BuiltBuilt in 2000

About this property

209 McElroy in Southmayd offers a rare opportunity to create your own vision in the heart of small-town Texoma living. Nestled on approximately .978 acres, this property is all about the land, location, and potential. With wide open space, mature surroundings, and peaceful country charm, the possibilities are endless for a future homesite, investment opportunity, or weekend retreat. A storm shelter is already in place, adding valuable functionality and peace of mind. Conveniently located just minutes from Sherman, this property combines rural tranquility with quick access to shopping, dining, schools, and major highways. If you have been searching for affordable land in Grayson County with room to grow, imagine, and build your future, this is your chance to own a slice of Texas countryside with unlimited potential. The buyer and the buyer's agent are responsible for all due diligence. See private remarks for contract details. The property is not livable.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$690 /month
Positive
Cash Flow Estimate:
$230 /month

Interested in this property?

Lisa Hitchcock

Easy Life Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Southmayd

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209 Mc Elroy Street | Property Details | No Agent List