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For sale
    • $1,850,000

    4020 Fm 515, Emory, TX 75440

    3beds
    2,788sqft
    : 
    $12,349/mo
    Get pre-qualified
    Farm, Single Family Residence
    Built in 2018
    7.7 Acres Lot
    $1,738,800 Zestimate®
    $664/sqft
    $-- HOA

    What's special

    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.
    63 days
    |
    72
    |
    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
      • 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: $664/sqft
      • Tax assessed value: $697,363
      • Annual tax amount: $8,311
      • Date on market: 6/12/2026
      • Cumulative days on market: 64 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

        $1,738,800

        $1.65M - $1.83M

        $2,348/mo

        Price history

        DateEventPrice
        6/12/2026Listed for sale$1,850,000$664/sqft
        Source: REALSTACK #21292544 Report a problem
        12/17/2017Sold--
        Source: GTARMLS #10077511 Report a problem

        Public tax history

        YearProperty taxesTax 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.
        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.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 75440

        Getting around

        9 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

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