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71258 285th Ave, Lake City, MN, 55041

5beds
5baths
3,847sqft
$1,100,000
$286price/sqft
$7,329/moest. monthly cost
$293,160/yrincome needed

About This Home

Set high above the Mississippi River Valley with commanding views of Lake Pepin, this exceptional 47.86+/- acre property offers privacy, space, and a combination of features that are increasingly difficult to find. Located just outside of Lake City, the property provides a peaceful country setting with the convenience of town, marinas, golf, dining, and recreation just a short drive away with the potential for additional building sites. Built in 1993, the spacious home offers over 4,200 finished square feet with 5 bedrooms and 4.5 bathrooms across three levels. Large windows take full advantage of the surrounding scenery, while custom oak trim throughout adds warmth and character. Andersen windows, cedar siding, generous room sizes, and a thoughtful floor plan provide the next owner with a substantial home in an outstanding location. The heated attached garage adds everyday comfort and convenience year-round. Outside, the amenities continue with a 20x40 in-ground heated swimming pool featuring an 8-foot deep end, diving board, slide, ladder, and expansive concrete surround with decorative fencing. Just steps away is a versatile two-story outbuilding offering excellent utility and entertaining potential. The building includes two overhead doors, three service doors, bathroom, indoor and outdoor showers, water heater, washer/dryer hookups, 100-amp service, separate septic system, and camper hookups with 30-amp power. A large patio overlooking the pool creates an ideal gathering space for summer entertaining or relaxing after a day outdoors. The land is equally impressive. Rolling timber, secluded valleys, multiple springs, and mature trees create outstanding habitat for wildlife and excellent deer and turkey hunting. Handshaw Coulee is known for producing quality whitetails, and the property offers excellent recreational appeal with room for future food plots. In addition to the existing homesite, the acreage also offers additional potential buildable sites. A quality stand of black walnut trees may provide future timber value. Properties that combine privacy, views, acreage, a large home, pool, outbuildings, excellent hunting, and proximity to town are rarely available in one package. Whether you're looking for a full-time residence, weekend retreat, or legacy property to enjoy for years to come, this is a special opportunity.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

5/10
7/10
Lincoln SecondaryGrades 7-122.5 mi

Construction

Condition

  • Year built: 1993

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Basement

  • Has basement: Yes
  • Basement: Block

Bathroom

  • Level: Upper
  • Area: 40
  • Dimensions: 5 x 8

Bathroom

  • Level: Main
  • Area: 115.5
  • Dimensions: 11 x 10.5

Bathroom

  • Level: Basement
  • Area: 74.8
  • Dimensions: 11 x 6.8

Bedroom

  • Level: Upper
  • Area: 176.4
  • Dimensions: 14.7 x 12

Bedroom2

  • Level: Upper
  • Area: 153.6
  • Dimensions: 12 x 12.8

Bedroom3

  • Level: Upper
  • Area: 168.75
  • Dimensions: 13.5 x 12.5

Bedroom4

  • Level: Main
  • Area: 188.4
  • Dimensions: 12 x 15.7

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Bonus Room

  • Level: Upper
  • Area: 315
  • Dimensions: 15 x 21

Dining Room

  • Level: Main
  • Area: 179.4
  • Dimensions: 13 x 13.8

Family Room

  • Level: Basement
  • Area: 539.85
  • Dimensions: 30.5 x 17.7

Features

  • Finished area below ground: 954
  • Finished area above ground: 2,893

Foyer

  • Level: Main
  • Area: 114.75
  • Dimensions: 13.5 x 8.5

Game Room

  • Level: Basement
  • Area: 337.125
  • Dimensions: 15.5 x 21.75

Heating & Cooling

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

Interior Area

  • Total structure area: 3,847
  • Total interior livable area: 3,847 sqft

Kitchen

  • Level: Main
  • Area: 214.5
  • Dimensions: 16.5 x 13

Laundry

  • Level: Main
  • Area: 81
  • Dimensions: 9 x 9

Living Room

  • Level: Main
  • Area: 351.75
  • Dimensions: 21 x 16.75

Mud Room

  • Level: Main
  • Area: 76
  • Dimensions: 10 x 7.6

Sitting Room

  • Level: Main
  • Area: 204
  • Dimensions: 12 x 17

Storage

  • Level: Basement
  • Area: 603.2
  • Dimensions: 37.7 x 16

Walk In Closet

  • Level: Upper
  • Area: 55.25
  • Dimensions: 8.5 x 6.5

Walk In Closet

  • Level: Main
  • Area: 57
  • Dimensions: 9.5 x 6

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: R080024500
  • Zoning description: Residential-Single Family
  • Wooded area: 1873080
  • Foundation area: 954

Features

  • Levels: Two
  • Stories: 2
  • Private pool: Yes
  • Pool features: In Ground
  • Patio & porch: Front Porch

Lot

  • Lot size: 47.86 Acres
  • Lot size dimensions: 0

Parking

  • Total spaces: 2
  • Parking features: Attached,Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Drought
    DroughtModerate
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Hail
Inland Flooding
Strong Wind
Tornado
Cold Wave
Drought
Landslide
Lightning
Winter Weather

FEMA Declared Disasters in Wabasha 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 $5,562$66,744
Home Insurance *$662$7,944
Property Taxes $781$9,372
Electricity $324$3,893
Total$7,329$87,948
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$251,280/yr
40% on housing$219,870/yr
45% on housing$195,440/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: 8.4%
8.4%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$286This listing

vs Other Active Listings

Avg $/sqft

ZIP 55041$184
Wabasha County$259

vs Homes Sold Last Month

Median $/sqft

ZIP 55041$161
Wabasha County$162

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
2026-04-27Listed for sale$1,200,000

Coming Soon

AgentRobert Stalberger
BrokerageWhitetail Properties Real Estate

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