Known as “The Red Gate Inn,” this 4-bed, 4 full & 1 half bath property offers a rare investment opportunity in the heart of Downtown McKinney! This Airbnb-ready property is ideal for investors seeking to expand their portfolio and has previously operated as a successful Bed & Breakfast. Situated on a .41-acre corner lot within walking distance to McKinney Square, this historic home blends timeless charm with modern updates. The iconic red gate entry welcomes you to a flagstone patio and wrap-around porch complete with swing and multiple seating areas-creating an inviting first impression. Inside, remodeled spaces are filled with natural light and showcase hardwood floors throughout. The main house features 3 bedrooms, each with its own ensuite bath. The primary suite offers a beautifully remodeled bath with walk-in shower, vintage soaking tub, custom vanity and elegant sconce lighting. The expansive kitchen is designed for hosting, featuring stainless steel appliances including a Viking gas range, double ovens, vented hood, large island, granite countertops and built-in buffet. The kitchen flows seamlessly into the dining area and oversized living room with gas fireplace. Upstairs, two additional suites-“The Yellow Rose” and “The Blue Bonnet”-offer sitting areas and remodeled baths. The fourth bedroom suite is located above the detached two-car garage, complete with fireplace and full bath, perfect for extended stays or rental flexibility. Outdoors, the manicured grounds provide multiple gathering spaces, oversized yard, gazebo, and pool & spa. Whether you envision continuing its legacy as a Bed & Breakfast, operating a thriving Airbnb or enjoying it as a private estate, “The Red Gate Inn” offers unmatched versatility in one of McKinney's most desirable locations. SELLER REPLACING ROOF AND ADDING GUTTERS TO MAIN HOUSE PRIOR TO A CLOSING. Call today!