$469,900

550 Eldo Lane SW, Alexandria, MN 56308

3 beds |
3 baths |
2,560 sqft

Single-Family Home
Built in 1983
10acre lot
2 car garage
$184/sqft
Listed 4 months ago

Property Description

Home & Investment Opportunity! Discover the perfect blend of comfort, versatility, and investment potential with this beautiful 10-acre property—just 1 mile from Latoka Beach and 4 miles from downtown Alexandria. Whether you choose to enjoy the acreage as a private retreat or subdivide it into lots to offset your home cost, this property offers exceptional value. Step inside to find a thoughtfully designed home featuring three cozy bedrooms, three bathrooms, a dedicated home office, and convenient main-level laundry. Multiple living spaces—three inviting family and gathering areas—provide the ideal setting for both quiet relaxation and lively entertaining. Recent updates add peace of mind, including new LP SmartSide siding, a durable steel roof, and spacious decks—all completed within the last five years. Enjoy the warmth of a main-level fireplace, a new propane furnace, or the optional wood furnace for efficient, comfortable heating. The home is also equipped with an ozone water filtration system for clean, high-quality water throughout. For horse enthusiasts, the property includes a fully equipped three-stall paddock opening onto 2.5 acres of fenced pasture—perfect for grazing and riding. An additional 5-acre grass hay field supports hobby farming or self-sufficiency goals. Experience the best of both worlds: the peace of country living with easy access to town conveniences. Picture morning walks through your acreage, afternoons spent riding, and evenings relaxing on the deck overlooking your land. If you would rather have a main-level garage this property has the space to add on this additional convenience. Don’t miss this rare opportunity to own a turnkey hobby farm and investment property in a highly desirable location near Alexandria.

Listing Status:: Active
Listing Office:: Alex Brokers Realty, LLC : 320-762-8888
MLS ID:: 6752719

Rooms: KitchenDining RoomLiving RoomBathroomBedroom 1Bedroom 2Bedroom 3LaundryOfficeFamily RoomUtility Room
Master Bath: 1/2 PrimaryMain Floor 1/2 BathMain Floor Full Bath
Dining: Separate/Formal Dining Room
Basement: FinishedSump PumpWalkout
A/C: Central Air
Heating: Forced AirFireplace(s)Wood Stove
Fireplace: Wood BurningFireplaceFireplaces: 1

General: OtherTack Room
Parking: Attached Garage

General: One

HOA Amenities: 0.0
Originating MLS: northstar
School District: Alexandria
County: Douglas

Zoning: 271290250
Fencing: Electric

Water: Well
Sewer: Private SewerSeptic System Compliant - Yes

Source: northstar

This listing courtesy of Alex Brokers Realty, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Lincoln Elementary School

1120 Lark St, Alexandria, MN, 56308

Grades KG-5

2.55 miles away

Discovery Middle School

510 N McKay Ave, Alexandria, MN, 56308

Grades 6-8

4.29 miles away

Alexandria Area High School

4300 Pioneer Rd SE, Alexandria, MN, 56308

Grades 9-12

4.40 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.