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$249,500 For Sale

508 3rd Street
Madison Lake, MN 56063

5 beds, 3 full, 1 partial baths | Single Family Home
2,880 sq ft, 10019 sq ft lot - MLS# 7015087
Property Photo


If you think this home looks great from the outside, just wait until we tell you what's behind the front door! Main floor features desirable split floor plan with 3 bedrooms and two full baths, including master with ensuite and walkout to private elevated deck. The spacious main level living area is open and family friendly with lake views from the sunny breakfast nook, front bay window, built in pantry, laundry and custom oak cabinetry throughout. Whether you are looking for income potential or separate living quarters for a family member, this raised ranch was custom designed with spacious lower level 1 BR apartment and separate family room, hot tub room and 3/4 bath for additional living area for the main floor owner with separate entry access for both. Nearly 3,000 sq. ft. of finished living space in all that can easily convert back entirely to single family use. The huge 10,000 sq. ft. lot is nicely landscaped with mature trees, custom stone planter with flag pole and deck along the back, RV pad and covered front porch, all just a short one block walk to the lake. There is also more than meets the eye behind the double garage doors with 864 sq. ft. and a 36 ft. depth leaving loads of room for a workshop, recreational gear or extra storage for everything! Of special note is the seamless steel siding, 200 amp electrical, 3 year old central air system and water heater, all appliances included on both the main floor and lower level apartment are just a few more features that make this quality home a great value.


  • # of Parking Spaces: 2
  • 3/4 Baths: 1
  • Air Conditioning: Central
  • Amenities: Ceiling Fans, Garage Door Opener, Hot Tub, Natural Woodwork, Washer/Dryer Hookups, Mother-In-Law Apt
  • Amenities-Exterior: Deck, Driveway - Asphalt, Driveway - Concrete, Porch, RV Parking
  • Appliances: Cooktop, Dishwasher, Exhaust Fan/Hood, Refrigerator, Wall Oven, Washer
  • Basement: Daylight/Lookout Windows, Egress Windows, Finished, Concrete Block, Full
  • Bath Description: 3/4 Basement, Full Basement, Full Master, Main Floor Full Bath
  • Baths (full): 3
  • Baths (partial): 1
  • Bedrooms: 5
  • Construction Type: Frame/Wood
  • County/Area: Blue Earth County
  • Dining: Breakfast Nook, Combine With Living Room
  • Exterior: Steel
  • Fin Footage-Above Grade: 1440
  • Fin Footage-Below Grade: 1440
  • Fin Sq Ft Lower Lvl (L): 1440
  • Fin Sq Ft Main Lvl (L): 1440
  • Foundation Size: 1440
  • Fuel: Natural Gas
  • Garage: Attached, 36x24
  • Garage Square Footage: 864
  • Heat: Forced Air
  • Listing Status: Active
  • Lot/Land Description: Corner Lot, Landscaped, Paved Streets, Telephone
  • Mankato Schools (L): Mankato East, Eagle Lake Elementary, Prairie Winds Middle
  • Mechanicals: Water Heater-Gas, Water Softener-Owned
  • Parking Spaces: 2
  • Pool: Yes, See Amenities
  • Pool or Spa: Yes, See Amenities
  • Price Per Square Foot (L): 87
  • Property Type: Single Family Home
  • Road Frontage: City, Dead End/No Outlet, Paved
  • Roof: Asphalt Shingles
  • School District: Mankato #77
  • Sewer: City
  • Sq.Ft.: 2880
  • Stories: Raised Ranch
  • Style: Ranch/Rambler (L)
  • Sub Type: Single Family
  • Tot Above Grade Sqft (L): 1440
  • Tot Below Grade Sqft (L): 1440
  • Total Baths: 4
  • Total Fin Square Footage: 2880
  • Water: City
  • Year Built: 1980
  • Zip Code: 56063
agent photo
Jay & Willa Dailey
304 Belgrade Ave
N Mankato, MN 56003
Phone: 507-625-5400
Email: pfr@hickorytech.net

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