Here is the information for a 23.4 acre Build-to-Rent Site and a 30 acre Multifamily Site that are part of a larger master planned community called Shepherd’s Place, located at the southwest corner of US-75 and Shepherd Road in Sherman, TX. The Site is zoned under the Shepherd’s Place planned development, a 531 acre community, which will also include, but not limited to, 60 acres of retail, 20 acres of office, 941 single family lots, 24 acres of townhomes, and 7 acres of hospitality. Please note, Ownership would consider subdividing the 30 acre Multifamily Site into two 15 acre tracts, and the Build-to-Rent Site can also be developed as multifamily; all the sites can be purchased individually.
MORTGAGE CALCULATOR
$76,057
Estimate only — not a loan offer. Consult a lender for actual terms.
LISTING SNAPSHOT
Price$15,041,268
Bedrooms0
Full Baths0
Half Baths0
Inside Area (SqFt)N/A
Lot Size53.4 Acres
Year Built0
MLS® Number21297589
StatusActive
Property TaxN/A
HOA/Condo/Coop FeesN/A
GENERAL
Acres53.4
Property Sub TypeUnimproved Land
SewerPublic Sewer
Special CircumstancesStandard
Water SourcePublic
ZoningPlanned Development
EXTERIOR
Lot FeaturesSubdivided
COMMUNITY
School DistrictHowe ISD
SCHOOLS
School DistrictHowe ISD
Elementary SchoolSummit Hill
Middle SchoolHowe
High SchoolHowe
RECENT ACTIVITY
June 10, 2026Active
June 10, 202615041268
Listing courtesy of Vanguard Real Estsate Advisors (214-556-1951)
Listing courtesy of Jordan Cortez of Vanguard Real Estsate Advisors jordan.cortez@vanguardrea.com
© 2020 North Texas Real Estate Information Systems. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed, or used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last checked: 2026-07-15 01:11 AM CDT
© 2020 North Texas Real Estate Information Systems. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed, or used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last checked: 2026-07-15 01:11 AM CDT
Comps
An estimate is not available for this listing.
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