




14720 Old Highway 14, Waseca, MN, 56093
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
Schools
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
- Strong Wind
- Hail
- Tornado
- Winter Weather
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Waseca County and Minnesota
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
| Monthly | Annual | |
|---|---|---|
| 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 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-25 | Listed for sale | $5,500,000 |
| 2015-07-20 | Listing removed | $170,000 |
| 2015-07-10 | Listed for sale | $170,000 |
