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14720 Old Highway 14, Waseca, MN, 56093

6beds
9baths
11,009sqft
$5,500,000
$500price/sqft
$37,158/moest. monthly cost
$1,486,320/yrincome needed

About This Home

Calonett has never been offered for sale. Set on 75 private acres in Waseca, Minnesota, Calonett is one of the Midwest's most remarkable equestrian estates. The property features an 11,000 square foot luxury residence, a heated horse barn with finished living quarters, fenced paddocks, open pasture, and a private six acre stocked pond surrounded by mature trees. Offered publicly for the first time, this extraordinary horse property represents a rare opportunity to own one of Minnesota's premier equestrian farms. For nearly four decades, Calonett was home to Walter Mishek, founder of The Arabian Horse Times. What began in a room above his family's garage in Waseca became the publication of record for the Arabian horse industry. As the magazine grew, so did the estate. The horses and the home evolved together, creating a property where every decision reflects a lifetime devoted to the Arabian breed. The approach sets the tone. A long private drive winds past the pond, with mature trees to one side and rolling pasture to the other, before revealing the residence. Built without compromise, the home showcases Brazilian onyx, handcrafted cherry millwork, and a custom bar beneath mirror finished walls and ceiling. The primary suite lives as a private residence within the home, overlooking the water through a wall of windows. Separate his and hers dressing rooms, a private laundry, and generous living space create a true owner's retreat. Throughout the home are six bedrooms, nine bathrooms, two executive offices, a private gymnasium, a lounge, a sunroom, four separate laundry rooms, and a temperature controlled cold storage room, ideal for wine, furs, seasonal storage, or preserving collectibles. Designed for entertaining on a grand scale, a substantial lower level expansion completed in 2023 introduced an impressive gathering room alongside a commercial style catering kitchen. Behind the scenes, the home's infrastructure is equally exceptional, featuring a passenger elevator, whole house backup generator, zoned in floor radiant heat, and integrated security systems. The heated horse barn offers finished living quarters creating flexibility for guests, trainers, caretakers, or an evolving breeding and training operation. While currently configured for horses, the estate barn is equally compelling as a home for a distinguished automobile collection, specialty vehicles, recreational equipment, creative workshops, or future custom amenities. Like the estate itself, it was built to accommodate both grand ambitions and everyday enjoyment. Yet the defining feature of Calonett is not found in its finishes or amenities. It is the quiet. Morning fog rises from the private pond while horses graze in the nearby paddocks. The only sounds are birds, wind through the trees, and the rhythm of the farm. It is a place built for horses, designed for entertaining, and meant to be experienced. Located in Waseca County in southern Minnesota, Calonett is approximately one hour from Rochester and 30 mins to Mankato, and about seventy minutes from Minneapolis, Saint Paul, and Minneapolis Saint Paul International Airport. This luxury horse farm and private equestrian estate is offered for sale publicly for the very first time, presenting an exceptional opportunity for buyers seeking luxury acreage, equestrian property, or legacy estate in Minnesota.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

3/10
Hartley Elementary SchoolGrades PK-31.4 mi
6/10
6/10
Waseca Senior High SchoolGrades 9-122.2 mi

Construction

Condition

  • Year built: 2004

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Chandelier,Cooktop,Dishwasher,Disposal,Double Oven,Dryer,Exhaust Fan,Freezer,Water Osmosis System,Microwave,Other,Range,Refrigerator,Stainless Steel Appliance(s),Wine Cooler
  • Laundry features: In Basement,Gas Dryer Hookup,Laundry Closet,Lower Level,Laundry Room,Main Level,Other,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Daylight,Full,Other,Storage Space

Bedroom

  • Level: Main
  • Area: 399
  • Dimensions: 21x19

Bedroom2

  • Level: Lower
  • Area: 180
  • Dimensions: 15x12

Bedroom3

  • Level: Lower
  • Area: 180
  • Dimensions: 15x12

Bedroom4

  • Level: Lower
  • Area: 180
  • Dimensions: 15x12

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 9
  • Full bathrooms: 2
  • 3/4 bathrooms: 4
  • 1/2 bathrooms: 1
  • 1/4 bathrooms: 2

Exercise Room

  • Level: Lower
  • Area: 240
  • Dimensions: 20x12

Features

  • Number of fireplaces: 5
  • Fireplace features: Gas
  • Fireplace: Yes
  • Finished area below ground: 5,180
  • Finished area above ground: 5,829

Game Room

  • Level: Lower
  • Area: 400
  • Dimensions: 20x20

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 11,009
  • Total interior livable area: 11,009 sqft

Kitchen

  • Level: Main
  • Area: 300
  • Dimensions: 20x15

Kitchen2Nd

  • Level: Lower
  • Area: 300
  • Dimensions: 20x15

Laundry

  • Level: Main
  • Area: 24
  • Dimensions: 06x04

Laundry

  • Level: Lower
  • Area: 80
  • Dimensions: 10x08

Living Room

  • Level: Main
  • Area: 738
  • Dimensions: 41x18

Media Room

  • Level: Lower
  • Area: 240
  • Dimensions: 20x12

Other

  • Level: Main
  • Area: 625
  • Dimensions: 25x25

Other

  • Level: Lower
  • Area: 80
  • Dimensions: 10x08

Primary Bathroom

  • Level: Main
  • Area: 180
  • Dimensions: 15x12

Storage

  • Level: Lower
  • Area: 50
  • Dimensions: 10x05

Storage

  • Level: Lower
  • Area: 50
  • Dimensions: 10x05

Study

  • Level: Lower
  • Area: 144
  • Dimensions: 12x12

Study

  • Level: Lower
  • Area: 144
  • Dimensions: 12x12

Walk In Closet

  • Level: Main
  • Area: 126
  • Dimensions: 21x06

Walk In Closet

  • Level: Main
  • Area: 60
  • Dimensions: 10x06

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 120160300
  • Zoning description: Other,Residential-Single Family
  • Foundation area: 5180

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Deck,Patio

Lot

  • Lot size: 75.48 Acres
  • Features: Suitable for Horses
  • Lot size dimensions: irregular

Parking

  • Total spaces: 6
  • Parking features: Attached,Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 6
  • Covered spaces: 6

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Strong Wind
    Strong WindVery High
  • Hail
    HailRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Hail
Tornado
Winter Weather
Inland Flooding

FEMA Declared Disasters in Waseca County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $27,810$333,720
Home Insurance *$4,845$58,140
Property Taxes $3,575$42,900
Electricity $928$11,142
Total$37,158$445,896
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,273,988/yr
40% on housing$1,114,740/yr
45% on housing$990,880/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$500This listing

vs Other Active Listings

Avg $/sqft

ZIP 56093$137
Waseca County$131

vs Homes Sold Last Month

Median $/sqft

ZIP 56093
Waseca County$125

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-25Listed for sale$5,500,000
2015-07-20Listing removed$170,000
2015-07-10Listed for sale$170,000

For Sale by Agent

AgentMichelle Kalina
BrokerageLakes Sotheby's International Realty

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