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1425 Lone Star Rd, Celina
$1,299,000
5 Beds ⋅ 4 Baths ⋅ 21326815 MLS
Offering a blended price of approximately $231 per square foot across five separate residences, this distinctive 2.44-acre property combines Texas history, acreage and immediate rental income. The five residences provide approximately 5,834 total square feet of living space. MLS square footage and the calculated price per square foot reflect only the 2,554-square-foot main residence. The four tenant-occupied cottages provide 3,280 additional square feet and generate $5,200 per month in rental income. Ideal as a private estate, multigenerational compound or primary residence with substantial rental income, the property features the restored 1894 John Elias and Ida May Herrington House. The historic main residence was extensively rebuilt from the studs within the past 20 years, preserving its architectural character while updating major components for modern living. Designated as a Texas Historic Landmark, the Queen Anne Victorian showcases original hardwood floors, soaring ceilings, intricate millwork, stained glass, transom windows, pocket doors and multiple fireplaces. Updated kitchens and baths provide modern convenience. Additional spaces include a library, formal dining room, multiple living areas, wraparound porches and a shaded flagstone courtyard beneath majestic oak trees. The primary suite includes a cedar-lined walk-in closet. Cottages A and B are mirror-image one-bedroom homes, Cottage C is an efficiency, and Cottage D offers a spacious two-bedroom layout. Each has been updated and enjoys access to shared outdoor spaces. The grounds feature mature trees, manicured landscaping, a gazebo, windmill, shared fire pit, covered pavilion, pump house, storage building and chicken coop. A detached three-car garage and 20-by-30-foot workshop with electricity and a built-in woodworking bench provide space for vehicles, hobbies or storage. The corner lot is surrounded by upscale acreage properties.

1425 Lone Star Rd, Celina

1425 Lone Star Rd, Celina
$1,299,000
3 Beds ⋅ 3 Baths ⋅ 21317091 MLS
Offering a blended price of approximately $231 per square foot across five separate residences, this distinctive 2.44-acre property combines Texas history, acreage and immediate rental income. The five residences provide approximately 5,834 total square feet of living space. MLS square footage and the calculated price per square foot reflect only the 2,554-square-foot main residence. The four tenant-occupied cottages provide 3,280 additional square feet and generate $5,200 per month in rental income. Ideal as a private estate, multigenerational compound or primary residence with substantial rental income, the property features the restored 1894 John Elias and Ida May Herrington House. The historic main residence was extensively rebuilt from the studs within the past 20 years, preserving its architectural character while updating major components for modern living. Designated as a Texas Historic Landmark, the Queen Anne Victorian showcases original hardwood floors, soaring ceilings, intricate millwork, stained glass, transom windows, pocket doors and multiple fireplaces. Updated kitchens and baths provide modern convenience. Additional spaces include a library, formal dining room, multiple living areas, wraparound porches and a shaded flagstone courtyard beneath majestic oak trees. The primary suite includes a cedar-lined walk-in closet. Cottages A and B are mirror-image one-bedroom homes, Cottage C is an efficiency, and Cottage D offers a spacious two-bedroom layout. Each has been updated and enjoys access to shared outdoor spaces. The grounds feature mature trees, manicured landscaping, a gazebo, windmill, shared fire pit, covered pavilion, pump house, storage building and chicken coop. A detached three-car garage and 20-by-30-foot workshop with electricity and a built-in woodworking bench provide space for vehicles, hobbies or storage. The corner lot is surrounded by upscale acreage properties.

1425 Lone Star Rd, Celina

302 N Arizona Dr, Celina
$750,000
21237342 MLS
Prime 0.66-acre investment opportunity located just steps from Historic Downtown Celina in one of the fastest-growing cities in North Texas. Positioned within a high-demand redevelopment corridor, this property offers strong long-term appreciation potential and multiple income-producing development options. Walkable to Downtown Celina’s retail, dining, entertainment, and year-round city events, this location benefits from consistent pedestrian traffic and ongoing city investment in infrastructure and downtown expansion. Rapid population growth and continued commercial development in Celina support increasing demand for housing, short-term rentals, and mixed-use investment projects. This site presents strong potential for short-term rental development such as Airbnb units, multi-unit residential redevelopment, mixed-use commercial space, boutique lodging, or professional office use. The proximity to frequent downtown festivals, markets, and community events supports occupancy potential for short-term rental strategies and income-producing property models. Key Investment Highlights: 0.66 acres in prime downtown proximity Walkable location near retail, dining, and events Located in a high-growth North Texas market Strong demand for short-term rentals and redevelopment Flexible development potential based on zoning Ideal for income-producing or long-term hold strategies Limited availability of parcels this size near Downtown Celina Opportunities of this size and location are increasingly rare within the Downtown Celina area. This property offers investors and developers the ability to secure land in a rapidly expanding submarket positioned for continued growth, redevelopment, and long-term return potential. Buyer to verify zoning, permitted uses, and development requirements with the City of Celina.

302 N Arizona Dr, Celina

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Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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