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Land with Home for Sale in Melrose, Iowa

10620 112th Ave, Melrose, IA 52569

$639,000
12 acres
Active sale
$30k drop
Est $3,607/mo

This exceptional Southern Iowa hunting, fishing, and outdoor recreational retreat, with a house and guest cottage, is ideally located on Lake Rathbun's northwest shore and abuts Lake Rathbun and Waterfowl Refuge. This rare 12-acre estate offers unmatched privacy, stunning scenery, and direct access to over 23,000 acres of public and hunting land and 11,000 acres of premier fishing waters-perfect for outdoor enthusiasts. Designed for the avid outdoorsman, the property features an established food plot attracting trophy whitetail and turkey, plus a 30-foot-deep stocked pond with walleye, perch, and redear sunfish. The fully fenced rolling pasture includes a gravity-fed well and hydrant. Fruit trees and berries enhance both beauty and wildlife appeal. A 16x34 above-ground pool is ready for enjoyment. The updated main home offers 3 bedrooms and 3 baths with new windows, flooring, siding, and a renovated interior. The open-concept layout connects kitchen and dining areas, ideal for entertaining. The private owner's suite features a spa-like bath, while a wood-burning fireplace adds warmth. A semi-covered 12x55 front deck showcases stunning lake views. A separate 2-bedroom, 1-bath guest cottage-formerly a successful Airbnb/VRBO-offers income potential or guest space. Outbuildings include a 30x40 pole barn and a 24x48 barn with horse stalls. A rare opportunity for a home, getaway, or income-producing retreat. Please review MLS 6339038 for more info on the main home for purchase.

2,528
Sq feet
5
Beds
3
Full baths
1
3/4 bath
1981
Built

Location

Street address
10620 112th Ave
Zip code
52569
Elevation
977 feet
Coordinates
40.8869, -93.0735

Property details

Acreage
12 acres
MLS #
NCMLS 6337786
Posted

Property taxes

2024
$4,102

Parcels

  • 120172001841000

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Exterior

Parking
Garage-Detached
Structures
Outbuilding

Structure

Style
Ranch
Basement
Full, Walk-Out Access
Sewer
Septic Tank
Heating
Heat Pump
Cooling
Central Air
Materials
Vinyl Siding

Interior

Rooms
Bathroom x 4, Bedroom x 5
Fireplaces
Yes
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Listing history

DateEventPriceChangeSource
July 31, 2026Price drop$639,000$30,000 -4.5%NCMLS
May 1, 2026New listing$669,000NCMLS
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This 12-acre property is located at 10620 112th Ave in Melrose, IA 52569. The property is available for sale, priced at $639,000. It has a 2,528 square foot 5-bedroom, 4-bath house built in 1981.

Listed by Bogle Realty, (641) 437-4663

Checked 2 hours agoUpdated Source

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