
Recreational Land with Home for Sale in Centerville, Iowa
23502 465th St, Centerville, IA 52544
Gated 13.5-acre retreat just minutes from Rathbun Lake Marina offering exceptional recreational and investment appeal. The 3,200 sq ft custom-built ranch (2009) features 4 bedrooms, 4 bathrooms, a fully finished basement, custom cabinetry, unique crown molding, and high-end finishes throughout. Enjoy a 360-degree wraparound porch with three swings, a swim spa, and a private pond with deck, slide, and high dive for true resort-style living. Perfectly positioned for Airbnb or short-term rental income, the 2,600 sq ft barn includes a nearly fully furnished 1 bed, 2 bath apartment plus a second open-concept high-efficiency suite with mini kitchen. Fiber optic internet serves both the home and barn, ideal for guests and remote work. Located just 5 miles from Rathbun Lake Marina, 6 miles from Centerville, and less than a mile from Hwy 5, this property offers excellent accessibility and rental potential. A custom cabana with handcrafted bar, pool table, and antique decor adds entertainment value, while the barn offers concrete floors, livestock/storage space, and a decorative hand-pump-style water feature. Partially fenced with no zoning restrictions--an exceptional opportunity for a personal retreat, income-producing investment, or both.
Location
- Street address
- 23502 465th St
- County
- Appanoose County
- Elevation
- 901 feet
Directions
Head south on HWY 5 south of Albia. Turn left (East) on 465th St before you reach Centerville. House is on your left 0.7 miles to East of HWY 5.
Property details
- Acreage
- 13.5 acres
- Zoning
- Agriculture
- MLS #
- NCMLS 6334146
- Posted
Property taxes
- 2024
- $4,896
Parcels
- 050151000532000
Legal description
13.5 +/- Acres in STR 5-69N-17W, Appanoose County, Iowa
Details and features
Listing
- Type
- Farm
Structure
- Heating
- Forced Air
- Cooling
- Central Air
- Materials
- Vinyl Siding
Interior
- Rooms
- Bathroom x 4, Bedroom x 4
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 5, 2025 | New listing | $849,900 | — | NCMLS |





















































