Dual Residence - Turnkey farm and homestead with all the hard work already done. Emory Market Gardens is a fully built-out specialty agricultural operation in Emory, Rains County — structured around premium gourmet mushroom cultivation, seasonal produce, Harvest Box subscriptions, grow kits, and workshops. The infrastructure is in place and the business is early-stage, making this the right moment for a motivated owner-operator, agri-business investor, or DFW lifestyle buyer to step in and scale. Two Homes – 2,788 SF of Combined Living Space including a 1,688 SF Main Residence (2018) and a 1,100 SF 2nd Home (2021) (Income Producing) — both residences included in the total — provide comfortable accommodations for owner-operators or multi-generational living. Ag Infrastructure. 2,400 SF Mushroom Building (2018), 3,800 SF AG Produce Building under cover (2025), 3-Caterpillar Tunnels, 3-Covered Greenhouses, and 3 Acres of irrigated row crops. The Land. 7.695 surveyed acres, fully perimeter-fenced, dual road frontage on FM 515 and CR 3332, ag tax valuation in place, no floodplain per FEMA, and hemp cultivation potential under Texas TDA. Financials available under NDA. Brochure and Video available.
For sale
Price cut: $200K (9/11)
$1,650,000
4020 Fm 515, Emory, TX 75440
3beds
2,788sqft
Farm, Single Family Residence
Built in 2018
7.7 Acres Lot
$1,525,800 Zestimate®
$592/sqft
$-- HOA
What's special
- 112 days
- 95
- 4
Zillow last checked:
Listing updated:
Listed by:
Wendy Johnson 0621035 972-772-7000,
Keller Williams Rockwall 972-772-7000
Source: NTREIS,MLS#: 21300824
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: Ceiling Fan(s)
- Level: Second
- Dimensions: 0 x 0
Bedroom
- Level: First
- Dimensions: 0 x 0
Bedroom
- Level: First
- Dimensions: 0 x 0
Family room
- Level: First
- Dimensions: 0 x 0
Other
- Features: Built-in Features
- Level: Second
- Dimensions: 0 x 0
Other
- Level: First
- Dimensions: 0 x 0
Kitchen
- Features: Breakfast Bar, Built-in Features, Eat-in Kitchen, Pantry
- Level: Second
- Dimensions: 0 x 0
Laundry
- Level: First
- Dimensions: 0 x 0
Living room
- Features: Ceiling Fan(s)
- Level: Second
- Dimensions: 0 x 0
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s), Wall Unit(s)
Appliances
- Included: Dishwasher, Electric Cooktop, Electric Oven, Gas Cooktop, Disposal, Gas Range, Microwave
Features
- Built-in Features, Open Floorplan, Other, Cable TV, Vaulted Ceiling(s), Wired for Sound
- Flooring: Carpet, Luxury Vinyl Plank
- Windows: Window Coverings
- Has basement: No
- Has fireplace: No
Interior area
- Total interior livable area: 2,788 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Gravel, Other, Parking Lot, RV Access/Parking, See Remarks
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered
- Pool features: None
- Fencing: Fenced,Other,Perimeter
- Body of water: Fork
Lot
- Size: 7.7 Acres
- Features: Acreage, Agricultural, Garden, Irregular Lot, Few Trees
- Topography: Varied
- Residential vegetation: Crop(s)
Details
- Parcel number: R2421
- Other equipment: Farm Equipment, Irrigation Equipment, Other
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,Detached
- Property subtype: Farm, Single Family Residence
Materials
- Roof: Composition
Condition
- Resale
- Year built: 2018
Utilities & green energy
- Sewer: Septic Tank
- Water: Community/Coop
- Utilities for property: Electricity Available, Propane, None, Overhead Utilities, Septic Available, Separate Meters, Underground Utilities, Water Available, Cable Available
Green energy
- Construction elements: Productive Veggie Garden
- Water conservation: Gray Water System
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Emory
Financial & listing details
- Price per square foot: $592/sqft
- Tax assessed value: $697,363
- Annual tax amount: $8,311
- Date on market: 6/12/2026
- Cumulative days on market: 112 days
- Listing terms: Cash,Conventional,1031 Exchange
- Exclusions: All Inventory and Supplies. Request List from Agent.
- Acres allowed for irrigation: 3
- Road surface type: Asphalt
Estimated market value
$1,525,800
$1.45M - $1.60M
$2,262/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2026 | Price change | $1,650,000-10.8%$592/sqft |
Source: REALSTACK #21292544 Report a problem | ||
| 6/12/2026 | Listed for sale | $1,850,000$664/sqft |
Source: REALSTACK #21292544 Report a problem | ||
| 12/17/2017 | Sold | -- |
Source:  GTARMLS #10077511 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $697,363 +2.2% |
| 2024 | $6,741 -0.6% | $682,081 +6.3% |
| 2023 | $6,785 -28.2% | $641,838 +11% |
| 2022 | $9,452 +47.5% | $578,358 +54.8% |
| 2021 | $6,408 | $373,665 +24.6% |
| 2020 | -- | $299,977 +26% |
| 2019 | -- | $238,020 +118.4% |
| 2018 | -- | $108,980 |
| 2017 | -- | -- |
| 2016 | -- | -- |
| 2015 | -- | -- |
| 2014 | -- | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | $39,380 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 75440
Nearby schools
Schools provided by the listing agent
- Elementary: Rains
- Middle: Rains
- High: Rains
- District: Rains ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Similar homes
- $997,5004 bd2 ba2.3k sqft125 Rs County Rd #3379, Emory, TX 75440New Construction
MLS ID #26003549, Gavan Cross, Signature Properties, LLC-Lake Fork. GTARMLS - $998,0003 bd3 ba2.7k sqft1185 Rs County Rd #3503, Emory, TX 75440For Sale
MLS ID #21280451, Tracey Pitre. NTREIS - $1,320,0003 bd2 ba2.3k sqft360 Rs County Rd #3419, Emory, TX 75440For Sale By Owner
- $1,475,0004 bd-- ba3.7k sqft365 County Road 1534, Alba, TX 75410For Sale
MLS ID #26010778, Karl Crawford, Keller Williams Realty-Tyler. GTARMLS
