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$239,900
3 Beds 2 Baths 91661324 MLS ACTIVE Status
JUST REDUCED – INCREDIBLE VALUE IN SHEPHERD! Unrestricted property offers an exceptional opportunity for homeowners, investors, or anyone looking for flexibility and room to grow. With a significant recent $60k price improvement, this property is now positioned to attract buyers seeking affordability, potential, and freedom from HOA restrictions. Enjoy a covered, screened-in back deck--perfect for relaxing or entertaining; along with a fenced-in backyard, plenty of outdoor space for additional structures & animals. Situated on a spacious .83 acre lot with mature trees, this home features a functional layout & is ready for your personal touch! Conveniently located on a quiet, low-traffic road, close to I-69/Highway 59, offering easy access while still enjoying country living. Investor highlight: Priced to reflect condition & upside-strong potential for appreciation, rental income, or resale. Opportunities like this are becoming difficult to find. Come see the potential for yourself!

200 Manuel Rd, Shepherd

$234,990
3 Beds 2 Baths 87729137 MLS ACTIVE Status
An incredible opportunity to own a well-maintained home in the peaceful countryside. Surrounded by towering pines and mature oaks, this property offers the quiet charm of country living, where evenings are spent on the porch, Sundays mean ice cream under the covered patio, and a relaxing fishing spot is just around the bend. This inviting 3-bedroom, 2-bath ranch-style home has been filled with years of laughter and memories and is ready to welcome its next chapter. Situated on over half an acre, you’ll enjoy no HOA fees, low taxes, and a spacious backyard with plenty of room to entertain, garden, or simply unwind. Inside, the open kitchen, dining, and living area creates the perfect setting for gathering with family and friends. The attached garage offers excellent space for a workshop, hobbies, or extra storage.

70 E Post Oak Ln, Shepherd

$65,000
16591672 MLS ACTIVE Status
Tucked away in a private, park-like setting, this beautiful 3-acre parcel offers peace, privacy, and the charm of country living. Surrounded by mature trees and mostly wooded at the back, the property provides natural seclusion and a serene retreat feel. With 53 feet of frontage on FM 3342, the property is cleared a distance of 379 feet from the road - offering added privacy, for your private retreat. Located in an established neighborhood featuring homes on acreage, you’ll enjoy spacious surroundings and a sense of community. Positioned in the 500-year flood plain and just minutes from FM 1127, this property offers convenient access to amenities while preserving its tranquil setting. Whether you’re dreaming of building a custom home, creating a weekend getaway, or securing a long-term investment, this picturesque acreage provides the perfect canvas to bring your vision to life.

Fm 3342, Shepherd

$900,000
5 Beds 6 Baths 82419711 MLS ACTIVE Status
Fresh on the market, this newly built 2024 property delivers a rare multi-structure setup with modern style and inviting spaces throughout. The main residence offers 3 bedrooms and 2.5 baths with sleek finishes, modern updates, and a stunning layout that flows effortlessly for cozy nights in or hosting guests, paired with covered front and back porches. The main house is complemented by a 32x40 building with approximately 2,500 square feet of heated space, plus a separate 24x40 Party Barn on its own lot featuring epoxy flooring, foam insulation, 2 mini-split units, and a full restroom with shower, perfect for gatherings or creative use. Just steps away, the guest house provides 2 bedrooms, 2 baths, and a loft with air-conditioned 10x15 space, creating a private retreat for visitors or extended stays. A detached workshop/garage adds even more flexibility, while covered back patios invite relaxed evenings outdoors. Schedule your tour today and experience this one-of-a-kind property!

630 & 610 S Railroad Ave, Shepherd

$8,799
3409050 MLS ACTIVE Status
Unobstructed waterview lot in private air strip community! Rare opportunity to purchase one of a few 1st row lots on the east end of the lake. Adjacent lots are undeveloped. These lots do not come up for sale often. Lake Water Wheel Estates is a quiet community located in Shepherd, Texas, about halfway between Cleveland and Livingston, that offers a small private lake, community pool, clubhouse, private air strip, playground, basketball and tennis courts. Lake Water Wheel Estates is perfect for full time living or just weekend R&R. Building and use restrictions are enforced. No Mobiles allowed, but short-term camping may be approved. Buyer to independently verify all information prior to submitting any offers. Utilities available.

0000 Vickie, Shepherd