Land with Home for Sale in Celina, Texas

Offering a blended price of approximately $231 per square foot across five separate residences, this distinctive 2.44-acre property combines Texas history, acreage and immediate rental income. The five residences provide approximately 5,834 total square feet of living space. MLS square footage and the calculated price per square foot reflect only the 2,554-square-foot main residence. The four tenant-occupied cottages provide 3,280 additional square feet and generate $5,200 per month in rental income. Ideal as a private estate, multigenerational compound or primary residence with substantial rental income, the property features the restored 1894 John Elias and Ida May Herrington House. The historic main residence was extensively rebuilt from the studs within the past 20 years, preserving its architectural character while updating major components for modern living. Designated as a Texas Historic Landmark, the Queen Anne Victorian showcases original hardwood floors, soaring ceilings, intricate millwork, stained glass, transom windows, pocket doors and multiple fireplaces. Updated kitchens and baths provide modern convenience. Additional spaces include a library, formal dining room, multiple living areas, wraparound porches and a shaded flagstone courtyard beneath majestic oak trees. The primary suite includes a cedar-lined walk-in closet. Cottages A and B are mirror-image one-bedroom homes, Cottage C is an efficiency, and Cottage D offers a spacious two-bedroom layout. Each has been updated and enjoys access to shared outdoor spaces. The grounds feature mature trees, manicured landscaping, a gazebo, windmill, shared fire pit, covered pavilion, pump house, storage building and chicken coop. A detached three-car garage and 20-by-30-foot workshop with electricity and a built-in woodworking bench provide space for vehicles, hobbies or storage. The corner lot is surrounded by upscale acreage properties.