# 4020 FM 515, Emory, TX 75440 > **TL;DR:** 3bd/2ba land, $1,650,000 ($592/sqft), built 2018, 2,788 sqft. > A/C, RV Parking. Est. $8,824/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,650,000 | | Price/sqft | $592 | | Bedrooms | 3 | | Bathrooms | 2 full | | Square Feet | 2,788 | | Year Built | 2018 | | Lot Size | 335,194 sqft (7.69 acres) | | Stories | 2 | | Property Type | Land (Other) | | Status | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $8,343 | | Estimated Insurance | $481 | | **Total** | **$8,824** | ## Nearby Schools - **Elementary:** Rains - **Middle:** Rains - **High:** Rains ## Key Amenities - A/C - RV Parking ## Property Highlights - Built in 2018 - 7.70 acre lot - 2 stories ## Description ### Agent Description 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. ## Location - **Address:** 4020 FM 515, Emory, TX 75440 - **County:** Rains - **Coordinates:** 32.874814, -95.680065 - **Google Maps:** https://www.google.com/maps?q=32.874814,-95.680065 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/ntreis/21300824 ## Listing Agent - **Name:** Wendy Johnson - **Brokerage:** Keller Williams Realty Rockwall - **Phone:** (972) 772-7000 - **Broker Phone:** (972) 772-7000 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/4020-FM-515_Emory_TX_75440_M72777-08253?f=listhub&s=NTREIS&m=21300824&c=propsimple) ## Photos ![4020 FM 515 - Photo 1](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f3463520971r.jpg) ![4020 FM 515 - Photo 2](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f2180086653r.jpg) ![4020 FM 515 - Photo 3](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f2811566700r.jpg) ![4020 FM 515 - Photo 4](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f2150410537r.jpg) ![4020 FM 515 - Photo 5](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f1662740359r.jpg) ![4020 FM 515 - Photo 6](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f2676063702r.jpg) ![4020 FM 515 - Photo 7](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f3208796377r.jpg) ![4020 FM 515 - Photo 8](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f1282512954r.jpg) ![4020 FM 515 - Photo 9](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f593757174r.jpg) ![4020 FM 515 - Photo 10](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f4113831515r.jpg) ![4020 FM 515 - Photo 11](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f1166037280r.jpg) ![4020 FM 515 - Photo 12](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f2295657004r.jpg) ![4020 FM 515 - Photo 13](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f3619150677r.jpg) ![4020 FM 515 - Photo 14](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f3647768603r.jpg) ![4020 FM 515 - Photo 15](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f1631163994r.jpg) ![4020 FM 515 - Photo 16](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f2094726175r.jpg) ![4020 FM 515 - Photo 17](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f1503034571r.jpg) ![4020 FM 515 - Photo 18](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f765516928r.jpg) ![4020 FM 515 - Photo 19](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f3209549805r.jpg) ![4020 FM 515 - Photo 20](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f593757174r.jpg) ![4020 FM 515 - Photo 21](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f291088906r.jpg) ![4020 FM 515 - Photo 22](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f1571042652r.jpg) ![4020 FM 515 - Photo 23](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f1636606579r.jpg) ![4020 FM 515 - Photo 24](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f3572287134r.jpg) ![4020 FM 515 - Photo 25](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f3033222930r.jpg) ![4020 FM 515 - Photo 26](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f2344202508r.jpg) ![4020 FM 515 - Photo 27](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f2274951270r.jpg) ![4020 FM 515 - Photo 28](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f3298235578r.jpg) ![4020 FM 515 - Photo 29](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f3452043592r.jpg) ![4020 FM 515 - Photo 30](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f4285797130r.jpg) ![4020 FM 515 - Photo 31](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f336663015r.jpg) ![4020 FM 515 - Photo 32](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f2751369393r.jpg) ![4020 FM 515 - Photo 33](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f1628640863r.jpg) ![4020 FM 515 - Photo 34](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f3714320470r.jpg) ![4020 FM 515 - Photo 35](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f2133587448r.jpg) ![4020 FM 515 - Photo 36](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f2418291408r.jpg) ![4020 FM 515 - Photo 37](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f4209929161r.jpg) ![4020 FM 515 - Photo 38](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f171875090r.jpg) ![4020 FM 515 - Photo 39](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f316526561r.jpg) ![4020 FM 515 - Photo 40](http://lh.rdcpix.com/4925559d75ea4b9c20469d780f0612fel-f2100479624r.jpg) --- **MLS#:** 21300824 | **Updated:** 2026-09-12 **Source:** listhub *Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/4020-fm-515-emory-tx-75440-21300824) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/4020-fm-515-emory-tx-75440-21300824#listing", "url": "https://www.propertysimple.ai/listing/4020-fm-515-emory-tx-75440-21300824", "name": "4020 FM 515, Emory, TX 75440", "description": "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. 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