Lori Gustafson

286 Three Lakes Drive

Madison Lake, MN
$ 349,900 Beds 3 Baths 2 Sq 1,572
Monthly Estimate* How much can I afford?

**UNDER CONSTRUCTION – 3 BEDROOM, 2 BATH ONE-LEVEL PATIO HOME!** A brand-new home designed with everyday comfort and functionality in mind! This under-construction patio home features **3 bedrooms, 2 bathrooms, and an attached 3-car garage**, with the entire floor plan conveniently located on one level. The main living area serves as the heart of the home, bringing the living room, dining area, and kitchen together in one spacious, open setting. The kitchen is finished with granite countertops, stainless steel appliances, soft-close cabinetry and drawers, a tile backsplash, and a spacious pantry, providing plenty of storage and workspace while keeping everything connected to the surrounding living areas. The primary bedroom is set apart with its own private bathroom featuring a walk-in shower, dual sinks, and quartz countertops, along with a spacious walk-in closet. Two additional bedrooms and a second bathroom provide plenty of flexibility for family, guests, a home office, or additional living space. Quartz countertops are featured in both bathrooms for a cohesive finish throughout the home. A convenient laundry/mudroom is located just inside the garage entrance, creating a practical drop zone and making day-to-day routines a little easier. The attached **3-car garage** provides generous space for vehicles, storage, and additional everyday needs. Currently under construction, this 3-bedroom, 2-bath patio home combines a practical one-level layout with an open main living area, generous garage space, and quality finishes throughout. A great opportunity to enjoy the simplicity and convenience of brand-new, one-level living! Listing pictures are of a previous model.

Single Family

  • Price
  • $ 349,900
  • City
  • Madison Lake
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • BLUE EARTH
  • Half Bathrooms
  • 0
  • Area
  • Three Lakes
  • Lot Size
  • 0.218 Acres
  • Zip
  • 56063
  • Sqr Footage
  • 1,572
  • Year Built
  • 2026
  • Taxes
  • $ 388
  • Style
  • Single Family
  • MLS#
  • 7113540
Listed By: Miller Real Estate
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1572
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Asphalt
Appliances Dishwasher,Microwave,Range,Refrigerator
Garage Spaces 3
Construction Materials ICFs (Insulated Concrete Forms)
Year Built 2026
Levels One
Property Subtype Single Family
Tax Year 2025
Accessibility No Stairs External,No Stairs Internal
County Blue Earth
New Construction Yes
Property Type Residential
HOA No
Contingency None
Subdivision Name Three Lakes
Full Baths 1
Directions From Hwy 60 turn onto Park Rd then turn onto 230th St then turn onto Three Lakes Drive
City Madison Lake
High School District Mankato
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 388
Additional Parcels Y/N No
Builder Name PEKA HOMES LLC
Standard Status Active
Lender Owned No
Amenities Unit Kitchen Center Island,Vaulted Ceiling(s)
PostalCity Madison Lake

Interior Features

Basement None
Basement (Y/N) No
Fireplace Y/N No
Above Grade Finished Area 1572
3/4 Baths 1
Laundry Features Electric Dryer Hookup,Main Level,Washer Hookup
Total Bedrooms 3
Total Baths 2
Bath Desc 3/4 Primary,Private Primary,Main Floor Full Bath
Dining Room Description Informal Dining Room
Fuel Natural Gas
Garage Dimensions 24 x 30
Garage Door Width 7
Garage Square Feet 720

Exterior Features

Parking Features Attached Garage
Water Source City Water/Connected
Lot Size Area 0.218
Building Area Total 1572
Lot Dimensions 77 x 100 x 91 x 134
Waterfront Y/N No
Foundation Area 1572
Road Frontage Type City Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/29/2026 Listed $349,900

Property vs Zip Code Average in 56063

Price
AVG $680K
$350K
Taxes
AVG $5,954
$388
Year Built
AVG 1991
2026
Visits
AVG 329
31
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

286 Three Lakes Drive Madison Lake, MN is a Single Family Home for sale at $349900 with 1572 sqft and a lot size of 0.218 Acres Acre(s). 286 Three Lakes Drive Madison Lake has 3 bedrooms, 2 baths and was built in 2026. The property's zip code is 56063 which is in Madison Lake, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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