Welcome to 509 E Shepherd Street in Denison, Texas, a prime .178-acre homesite offering a rare opportunity to build your dream home in a well-established neighborhood just minutes from vibrant downtown Denison. This level and mostly cleared lot provides the ideal foundation for new construction with utilities available at the street and no HOA restrictions, allowing for design flexibility and creative freedom.
Nestled on a quiet street lined with mature trees and classic Texas charm, the property offers peaceful surroundings while remaining close to shopping, dining, schools, and local events. Whether you're building your primary residence or investing in the area's growth, this property is an excellent fit for those seeking a balance between community connection and outdoor adventure.
One of the standout features of this location is its close proximity to Lake Texoma, located just 10 miles away. Known as one of the largest and most popular lakes in the region, Lake Texoma offers over 89,000 acres of open water, more than 1,000 miles of shoreline, and countless recreational opportunities. Residents enjoy easy access to boating, fishing, paddleboarding, and lakeside picnics. The nearby Eisenhower State Park provides scenic hiking trails, campgrounds, and panoramic lake views, making it a favorite destination for weekend outings and nature lovers.
In addition to Lake Texoma, this property is conveniently situated near several local parks including Munson Park and Forest Park, offering playgrounds, open green spaces, and sports facilities that add to the appeal of everyday living in Denison. The neighborhood is part of the growing Texoma region, which continues to attract new development, cultural attractions, and community initiatives.
With its blend of peaceful residential setting and close proximity to outdoor recreation, 509 E Shepherd Street is a compelling option for buyers looking to enjoy both small-town warmth and the adventure of lakeside living.
Lot/land
Price cut: $2.5K (1/1)
$42,500
509 E Shepherd St, Denison, TX 75021
--beds
--baths
7,753.68Square Feet
Improved Land
Built in ----
7,753.68 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 273 days |
- 12 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: January 01, 2026 at 03:15pm
Listed by:
Lisa Hitchcock 0611932 903-224-5171,
Easy Life Realty 903-224-5171
Source: NTREIS,MLS#: 20987486
Facts & features
Property
Features
- Body of water: Texoma
Lot
- Size: 7,753.68 Square Feet
- Features: Cleared, Interior Lot, Many Trees, City Lot
- Residential vegetation: Cleared
Details
- Parcel number: 146392
- Zoning description: residential
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Winans Add
HOA
- Has HOA: No
Location
- Region: Denison
Financial & listing details
- Tax assessed value: $31,992
- Annual tax amount: $844
- Date on market: 7/2/2025
- Cumulative days on market: 198 days
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/1/2026 | Price change | $42,500-5.6% |
Source: NTREIS #20987486 Report a problem | ||
| 7/2/2025 | Listed for sale | $45,000+50% |
Source: NTREIS #20987486 Report a problem | ||
| 12/27/2024 | Sold | -- |
Source: NTREIS #20782389 Report a problem | ||
| 11/26/2024 | Pending sale | $30,000 |
Source: NTREIS #20782389 Report a problem | ||
| 11/22/2024 | Listed for sale | $30,000 |
Source: NTREIS #20782389 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $31,992 -12% |
| 2024 | $844 -24.7% | $36,348 -26.6% |
| 2023 | $1,122 +123.2% | $49,523 +134.1% |
| 2022 | $503 +29.9% | $21,158 +20.3% |
| 2021 | $387 | $17,593 +14.6% |
| 2020 | -- | $15,345 +65% |
| 2019 | $245 +85.2% | $9,300 +69.6% |
| 2018 | $132 -53.6% | $5,484 +14.8% |
| 2017 | $285 | $4,775 +28.6% |
| 2016 | $285 +13.1% | $3,714 -63.2% |
| 2015 | $252 | $10,099 +13.1% |
| 2014 | $252 | $8,929 |
| 2013 | -- | $8,929 -39.4% |
| 2012 | -- | $14,744 -2.5% |
| 2011 | -- | $15,118 -16.3% |
| 2010 | -- | $18,072 -13.2% |
| 2009 | -- | $20,810 +15.1% |
| 2008 | -- | $18,079 -14.6% |
| 2007 | -- | $21,179 |
| 2006 | -- | $21,179 |
| 2005 | -- | $21,179 |
| 2004 | -- | $21,179 +40.2% |
| 2002 | -- | $15,110 |
| 2001 | -- | $15,110 +9.9% |
| 2000 | -- | $13,754 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 75021
Nearby schools
GreatSchools rating
- 6/10Lamar Elementary SchoolGrades: PK-4Distance: 0.2 mi
- 5/10Henry Scott MiddleGrades: 7-8Distance: 1.3 mi
- 5/10Denison High SchoolGrades: 9-12Distance: 3.2 mi
Schools provided by the listing agent
- Middle: Henry Scott
- High: Denison
- District: Denison ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 75021
- Texas
- Grayson County
- Denison
- 75021
- 509 E Shepherd St





