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$1,350,000
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

$1,350,000
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

$320,000
3 Beds 2 Baths 21289562 MLS
PRICE REDUCED! RARE OPPORTUNITY to own a fully remodeled 3-bed, 2-bath mixed-use cottage in the heart of Historic Downtown Celina! Ideally positioned along the Historic Downtown Celina Corridor with high-visibility frontage on Louisiana Drive, this turnkey property offers endless possibilities including primary residence, business, boutique retail, restaurant, live-work, or short-term rental (STR). NO MUD, NO PID, NO HOA! Set on a large, beautifully maintained lot beneath a stunning mature shade tree, this charming cottage blends timeless character with modern convenience. The covered front porch, clean landscaping, and exceptional curb appeal create an inviting first impression. Flexible mixed-use zoning opens the door to residential, office, retail, or live-work use (buyer to verify permitted uses). Completely renovated from top to bottom with new plumbing, electrical, HVAC, and roof. Inside, abundant natural light fills the open-concept floor plan, showcasing wide-plank flooring, recessed lighting, designer fixtures, shaker-style cabinetry, stainless steel appliances, and beautifully remodeled bathrooms. Enjoy one of Downtown Celina's most walkable locations, minutes from Historic Celina Square, the Public Library, boutique shopping, local restaurants, coffee shops, parks, and the year-round festivals that make Celina one of North Texas' most sought-after destinations. Planned regional anchors including Costco (2026), H-E-B (2027), and Walmart (2026) are driving rapid growth throughout the area. The Dallas North Tollway extension through Celina, planned 7.7 miles north to the Grayson County line, is one of the region's biggest development catalysts. As Historic Downtown Celina expands, mixed-use corridor properties are becoming increasingly scarce. Do not miss this opportunity! Buyer to independently verify future developments, permitted uses, and City of Celina STR regulations.

307 S Louisiana St, 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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