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Jonella Herrera

jonellaherrera@purerealty.com +1(737) 373-2704

$825,000

Est. payment - /mo

3,525 SqFt

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Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 3,525 sqft

Price per Sqft $234

Subdivision Coleman Add

MLS Listing ID 21201717

Construction Status Resale

HOA Y/N No

Year Built 1920

Annual Tax Amount $17,201

Lot Size 0.412 Acres

Acres 0.412

Property Sub-Type Business

Property Description

Known as “The Red Gate Inn,” this 4-bed, 4 full & 1 half bath property offers a rare investment opportunity in the heart of Downtown McKinney! This Airbnb-ready property is ideal for investors seeking to expand their portfolio and has previously operated as a successful Bed & Breakfast. Situated on a .41-acre corner lot within walking distance to McKinney Square, this historic home blends timeless charm with modern updates. The iconic red gate entry welcomes you to a flagstone patio and wrap-around porch complete with swing and multiple seating areas—creating an inviting first impression. Inside, remodeled spaces are filled with natural light and showcase hardwood floors throughout. The main house features 3 bedrooms, each with its own ensuite bath. The primary suite offers a beautifully remodeled bath with walk-in shower, vintage soaking tub, custom vanity and elegant sconce lighting. The expansive kitchen is designed for hosting, featuring stainless steel appliances including a Viking gas range, double ovens, vented hood, large island, granite countertops and built-in buffet. The kitchen flows seamlessly into the dining area and oversized living room with gas fireplace. Upstairs, two additional suites—“The Yellow Rose” and “The Blue Bonnet”—offer sitting areas and remodeled baths. The fourth bedroom suite is located above the detached two-car garage, complete with fireplace and full bath, perfect for extended stays or rental flexibility. Outdoors, the manicured grounds provide multiple gathering spaces, oversized yard, gazebo, and pool & spa. Whether you envision continuing its legacy as a Bed & Breakfast, operating a thriving Airbnb or enjoying it as a private estate, “The Red Gate Inn” offers unmatched versatility in one of McKinney's most desirable locations. SELLER REPLACING ROOF AND ADDING GUTTERS TO MAIN HOUSE PRIOR TO A CLOSING. Call today!

Location

State TX

County Collin

Zoning Residential Single Family

Direction Use GPS

Interior

Heating Central

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Ceramic Tile, Wood

Inclusions Building Only

Fireplace No

Exterior

Parking Features Additional Parking, Driveway, Garage, On Street

Utilities Available Sewer Available, Water Available

Water Access Desc Public

Roof Type Composition

Garage Yes

Private Pool No

Building

Lot Description Back Yard, Lawn, Landscaped, Few Trees

Story 2

Foundation Pillar/Post/Pier

Sewer Public Sewer

Water Public

Construction Status Resale

Others

Tax ID R0869007057C1

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21201717

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NEARBY SCHOOL & BUSINESS

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Jonella Herrera

+1(737) 373-2704

Agent | License ID: 609596

Agent License ID: 609596

811 N Church ST Mckinney, TX 75069

Jonella Herrera

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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