See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

503 24th St SW, Austin, MN, 55912

8beds
7baths
7,666sqft
$1,200,000
$157price/sqft
$9,357/moest. monthly cost
$374,280/yrincome needed

About This Home

Extraordinary 1.3-acre creekside property offering nearly 8000 total finished square feet between a fully remodeled 4904 TFSF main residence and a stunning newly built 2762 TFSF accessory dwelling unit (ADU). This rare dual-living opportunity offers exceptional privacy, luxury, and versatility in a quiet and established neighborhood. The beautifully designed ADU is ideal for multigenerational living, a private guest residence, or a dedicated work-from-home retreat. It also presents an outstanding income-producing opportunity, with few rental properties offering this level of quality, design, and amenities. A one-of-a-kind property that seamlessly combines lifestyle, flexibility, and long-term value. The original residence blends warmth and quality craftsmanship with thoughtful modern updates, offering 5+ bedrooms and 4 bathrooms. The kitchen and living spaces were reimagined to create a true centerpiece - highlighted by an expansive island with seating, charming banquet nook, multiple inviting gathering areas, new LVP flooring, and a striking gas fireplace. Exposed wood beams, custom built-ins, and cohesive design elements create an effortless flow throughout the home. The sunroom is a true showpiece - wrapped in windows that frame the beautifully manicured, professionally landscaped backyard and serene creek setting. Fully spray-foam insulated and anchored by a stunning stone-surround fireplace with its own mini split, this four-season retreat was intentionally designed to bring the outdoors in while offering year-round comfort. Primary suite offers a private oasis with sitting/library area, custom fire feature, private laundry, and generous his and hers walk-in closets. Lower level includes oversized bedrooms, updated baths, multiple office/flex rooms, and large laundry room with dog wash. Heated and air-conditioned 3 car attached garage with epoxy floors, cabinetry, drains, hot/cold water and an indoor/outdoor fenced concrete dog run. The newly constructed second home (2022) is architecturally striking with soaring 18-ft ceilings, dramatic windows, composite deck with priceless views, walk-out lower level, remote Vermont Castings gas fireplace, and high-end finishes throughout. Sun-protected windows flood the vaulted living space with natural light while maintaining comfort. Additionally, 3 spacious bedrooms, 3 stylish bathrooms and a functional loft area/office space with ample storage. Heated garage with RV-height ceilings, epoxy floors, drains, and hot/cold water. The grounds are breathtaking — extensive professional landscaping, tiered stonework, mature trees, expansive lawn, outdoor entertaining spaces, fenced container garden with drip water system, and a creek running along the back of the property. A private, park-like setting that feels like a retreat. New roof, siding, driveway, Marvin windows, and numerous additional upgrades throughout. Properties offering this level of quality, setting, and dual-residence flexibility rarely become available.

Getting Around

3
WalkingCar-Dependent
0
TransitVery Limited Transit
31
BikeSomewhat Bikeable

Schools

3/10
4/10
Ellis Middle SchoolGrades 7-82.8 mi
4/10
Austin Senior High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1975

Materials

  • Roof: Age 8 Years or Less,Asphalt
  • Construction materials: Concrete

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Air-To-Air Exchanger,Dishwasher,Disposal,Dryer,Humidifier,Gas Water Heater,Microwave,Range,Refrigerator,Stainless Steel Appliance(s),Washer,Water Softener Owned,Wine Cooler
  • Laundry features: In Basement,Lower Level,Laundry Room,Main Level

Basement

  • Has basement: Yes
  • Basement: Finished,Full,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 7
  • Full bathrooms: 2
  • 3/4 bathrooms: 4
  • 1/2 bathrooms: 1

Features

  • Number of fireplaces: 4
  • Fireplace features: Electric,Family Room,Gas,Living Room,Primary Bedroom
  • Fireplace: Yes
  • Finished area below ground: 2,967
  • Finished area above ground: 4,699

Heating & Cooling

  • Heating features: Ductless Mini-Split,Forced Air,Fireplace(s),Humidifier
  • Cooling features: Central Air,Ductless Mini-Split

Interior Area

  • Total structure area: 7,666
  • Total interior livable area: 7,666 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 341750051
  • Zoning description: Residential-Single Family
  • Foundation area: 1990

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Composite Decking,Deck,Patio,Porch,Screened

Lot

  • Lot size: 1.33 Acres
  • Lot size dimensions: Irreg

Parking

  • Total spaces: 4
  • Parking features: Attached,Concrete,Floor Drain,Garage,Garage Door Opener,Heated Garage,Insulated Garage,Multiple Garages,RV Access/Parking,Storage
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Has uncovered spaces: Yes

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

  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate

How This Home’s Risks Compare

Inland Flooding
Strong Wind
Tornado
Winter Weather
Cold Wave
Hail

FEMA Declared Disasters in Mower 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 $6,067$72,804
Home Insurance *$1,174$14,088
Property Taxes $1,470$17,640
Electricity $646$7,758
Total$9,357$112,284
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$320,811/yr
40% on housing$280,710/yr
45% on housing$249,520/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: 7.9%
7.9%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$157This listing

vs Other Active Listings

Avg $/sqft

ZIP 55912$106
Mower County$106

vs Homes Sold Last Month

Median $/sqft

ZIP 55912$129
Mower County$127

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)

Price History

DateEventPrice
2026-07-28Listed for sale$1,200,000
2026-07-14Listing removed$1,500,000
2026-02-12Listed for sale$1,500,000
1999-01-27Sold$137,500

For Sale by Agent

AgentKara Gyarmaty
BrokerageEdina Realty, Inc.

Similar Homes