Rare opportunity to own 23 pristine acres in the rapidly expanding Sherman area. This expansive tract is currently Ag-exempt and being farmed for winter wheat, offering immediate tax benefits and exceptional investment potential. Ideal for a residential development or a private luxury estate, the property features a clean topography with the distinct advantage of having zero acreage located in a flood zone. A charming small creek meanders along the tree line, providing a scenic natural border while remaining easily crossable by vehicle for full property access. Included on the site is a functional 1,216 sqft single-wide mobile home featuring 3 bedrooms and 2 bathrooms, which is perfect for rental income, a foreman's quarters, or a temporary residence while you build. Whether you are looking to develop immediately or hold for future appreciation in a high-growth corridor, this versatile property offers the space and utility to realize your vision.
Lot/land
$939,999
225 Caleb Rd, Sherman, TX 75090
--beds
--baths
23.06Acres
Unimproved Land
Built in 2019
23.06 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Expansive tractClean topographyScenic natural border
- 63 days |
- 188 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: January 21, 2026 at 01:11pm
Listed by:
Zac Hamilton 0802605 903-818-6079,
Texas Life Real Estate 903-818-6079
Source: NTREIS,MLS#: 21159925
Facts & features
Interior
Video & virtual tour
Property
Lot
- Size: 23.06 Acres
- Features: Acreage, Agricultural, Subdivided
Details
- Parcel number: 122301
- Zoning description: Agriculture/Development
Utilities & green energy
- Sewer: Aerobic Septic
- Utilities for property: Septic Available
Community & HOA
Community
- Subdivision: Grayson Co Unplatted
HOA
- Has HOA: No
Location
- Region: Sherman
Financial & listing details
- Tax assessed value: $768,639
- Date on market: 1/21/2026
- Listing terms: Cash,Conventional,Contract,1031 Exchange,Federal Land Bank
Estimated market value
Not available
Estimated sales range
Not available
$1,263/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/21/2026 | Listed for sale | $939,999-21.7% |
Source: NTREIS #21159916 Report a problem | ||
| 1/19/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/1/2026 | Price change | $1,200,000-9.4% |
Source: Owner Report a problem | ||
| 12/9/2025 | Listed for sale | $1,325,000+4.5% |
Source: Owner Report a problem | ||
| 11/13/2025 | Listing removed | $1,268,300 |
Source: NTREIS #21105586 Report a problem | ||
| 11/6/2025 | Listed for sale | $1,268,300-31.3% |
Source: NTREIS #21105586 Report a problem | ||
| 11/3/2025 | Listing removed | $1,844,800 |
Source: NTREIS #21016791 Report a problem | ||
| 9/16/2025 | Price change | $1,844,800-20% |
Source: NTREIS #21016791 Report a problem | ||
| 8/2/2025 | Listed for sale | $2,306,000 |
Source: NTREIS #21016791 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $753,797 +6.9% |
| 2024 | $596 +39.7% | $705,204 +11.9% |
| 2023 | $427 -61.7% | $630,268 +32.9% |
| 2022 | $1,115 -6.2% | $474,336 +64.7% |
| 2021 | $1,189 | $287,993 +14.4% |
| 2020 | -- | $251,677 +13.8% |
| 2019 | $92 | $221,166 +5031.5% |
| 2018 | -- | $4,310 -0.8% |
| 2017 | -- | $4,343 +0.8% |
| 2016 | -- | $4,310 +1.1% |
| 2015 | -- | $4,264 |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Neighborhood: 75090
Nearby schools
GreatSchools rating
- 3/10Dillingham Elementary SchoolGrades: PK-5Distance: 4.3 mi
- 4/10Sherman MiddleGrades: 6-8Distance: 2.7 mi
- 5/10Sherman High SchoolGrades: 9-12Distance: 6.2 mi
Schools provided by the listing agent
- Elementary: Jefferson
- Middle: Sherman
- High: Sherman
- District: Sherman ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 75090
- Texas
- Grayson County
- Sherman
- 75090
- 225 Caleb Rd




