Lori Gustafson

22082 State Highway 60

Madison Lake, MN
$ 374,900 Beds 4 Baths 2.5 Sq 1,738
Monthly Estimate* How much can I afford?

Looking for space, storage, and endless possibilities? Welcome to 22082 State Highway 60, just outside of Madison Lake. Situated on 5 beautiful acres, this property offers the perfect blend of country living and functionality with room for animals, outbuildings for storage and garage space, fruit trees, vineyard, a new septic system, and plenty of space to enjoy the outdoors. The home is currently configured as a duplex, offering flexibility for multi-generational living, rental income, or the option to convert it back to a single-family home with only minor work. The main level features two bedrooms, a spacious kitchen, both a living room and family room, and a full bathroom. Upstairs you'll find two additional bedrooms, a second kitchen, and another bathroom, creating more possibilities to fit your needs. Whether you're looking for extra space, hobby farm potential, or a property with flexible living arrangements, this one is worth a look. Schedule your private showing today!

Single Family

  • Price
  • $ 374,900
  • City
  • Madison Lake
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • BLUE EARTH
  • Half Bathrooms
  • 1
  • Area
  • King Add
  • Lot Size
  • 4.9 Acres
  • Zip
  • 56063
  • Sqr Footage
  • 1,738
  • Year Built
  • 1948
  • Taxes
  • $ 3492
  • Style
  • Single Family
  • MLS#
  • 7115124
Listed By: Re/Max Advantage Plus
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1738
Sewer Septic System Compliant - Yes
Heating Forced Air
Cooling Central Air,Window Unit(s)
Roof Age Over 8 Years,Asphalt
Appliances Dryer,Microwave,Range,Refrigerator,Washer
Garage Spaces 3
Pool Features None
Construction Materials Frame
Year Built 1948
Electric Circuit Breakers
Topography Gently Rolling,Pasture,Sloped
Levels Two
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Blue Earth
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name King Add
Other Structures Barn(s),Stables
Full Baths 1
Directions Highway 14 to Highway 60.
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 3492
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Farm Type Dairy,Horse,Livestock,Poultry
PostalCity Madison Lake

Interior Features

Basement Block,Unfinished
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 1738
Half Baths 1
3/4 Baths 1
Laundry Features In Basement
Total Bedrooms 4
Total Baths 3
Bath Desc Main Floor 3/4 Bath,Upper Level 3/4 Bath
Dining Room Description Eat In Kitchen
Foundation Dimensions 24x32
Fuel Propane
Garage Dimensions 36x28
Garage Square Feet 1008

Exterior Features

Fencing Chain Link
Parking Features Detached Garage,Gravel,Electric,Garage Door Opener,Storage
Lot Features Suitable for Horses,Tree Coverage - Medium
Water Source Shared System,Well
Lot Size Area 4.9
Building Area Total 2645
Lot Dimensions 269x771
Waterfront Y/N No
Foundation Area 907
Road Frontage Type State Road
Pasture Area 1.9
Road Responsibility Public Maintained Road

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

7/24/2026 Listed $399,900
8/11/2026 7% - $374,900

Property vs Zip Code Average in 56063

Price
AVG $640K
$370K
Taxes
AVG $5,865
$3,492
Year Built
AVG 1991
1948
Visits
AVG 643
725
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

22082 State Highway 60 Madison Lake, MN is a Single Family Home for sale at $374900 with 1738 sqft and a lot size of 4.9 Acres Acre(s). 22082 State Highway 60 Madison Lake has 4 bedrooms, 2 baths and was built in 1948. 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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