$825,000

Coleman Add, McKinney — 184 days on the market.

Known as “The Red Gate Inn,” this 4-bed, 4 full & 1 half bath property with guest quarters is located in the heart of Downtown McKinney! This charming property would make an ideal personal residence or serve as an Airbnb-ready property. It is ideal for investors seeking to expand their portfolio as it 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, accommodating events of up to 50 guests. 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 ON MAIN HOUSE PRIOR TO A CLOSING. Call today!!

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