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…
| Type | Business |
| County | Collin |
| Lot | 0.412 ac (17,946.72 sqft) |
| Annual Tax | $17,201 |
| Days on Market | 151 |
| P&I (6.875%) | $4,415 |
| Est. Tax | $1,433 |
| Est. Total | $5,848/mo |
$840,000
MCKINNEY, TX 75069 · Coleman Add
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!
Property Type
CommercialSale
Sub Type
Business
Status
Active
Lot Size
17,946.72 sqft
Lot (acres)
0.412
Stories
2
Year Built
1920
Community
Coleman AddLaunch 3D Virtual Tour
Opens interactive tour in a new tab
Annual Tax
$17,201
Total Principal
$672,000
Total Interest
$917,242
Total Loan Payment
$1,589,242
Payoff Date
August 2056
Est. Payment
$6,198
/month
Estimated only. Does not guarantee loan approval. Contact a licensed lender for accurate rates and terms. Rates change daily.
Watch this home
Get an instant email if the price drops or the status changes. No account needed.
View Online
https://realtorkonda.com/property/mckinney-tx/coleman-add/811-n-church-street-75069
Contact: (469) 854-1352 · realtorkonda@gmail.com
Listed by Denise Johnson · Compass RE Texas, LLC · 682-226-6938
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. © 2026 NTREIS. All rights reserved. Last updated Jul 23, 2026.
Watch this home
Get an instant email if the price drops or the status changes. No account needed.
Listing Agent
Denise Johnson
Compass RE Texas, LLC
MCKINNEY, TX 75069
150
For sale
$588,500
Median list price
$297
Median $/sqft
42
Avg days on market
923
Recently sold