18756 Lakeview Rd Road, Leon, Iowa 50144

IA, Leon
$575,000
  • 2 Beds
  • 1 Bath
  • 42 Acre
  • Farm Property Type
  • 2021 Year Built
  • Sold Status
Property Description
This 42± acre property in Decatur County offers a rare combination of income potential, recreational opportunity, and comfortable living—sitting directly against Little River Lake with beautiful views and easy access to the water. Located just 5 miles from Leon and 5 miles from Interstate 35, the setting offers the perfect blend of privacy and convenience. The 1,620 sq. ft. fully furnished barndominium features 2 bedrooms, 1 full bathroom, rural water, propane gas, and septic. Whether used as a primary residence, weekend retreat, or turn-key rental, the home is designed for year-round comfort and immediate use. It has already proven itself as a strong income producer, generating roughly $7,000 in Airbnb revenue over the past few months. The land has also produced around $7,000 in hay income in previous seasons, supported by productive alfalfa ground. With all income sources combined, the property is currently generating an approximate 5.5% ROI, with room to grow. The acreage includes alfalfa fields, hardwood timber, open ground, and a small pond that draws in wildlife year-round. A shed and wood-storage shack provide convenient space for equipment and outdoor gear. With its lake views, diverse landscape, proven income streams, and strong appeal to both hunters and fishermen, this is a standout investment property with exceptional recreational and residential value.
Basic Details
  • Property Type: Farm
  • Listing Type: For Sale
  • Listing ID: 6333714
  • Price: $575,000
  • Year Built: 2021
  • Lot Area: 42 Acre
  • Status: Sold
  • Office Name: Midwest Land Group LLC
  • Agent Name: Will Cooper
  • Full Bathrooms: 1
Features
  • Heating System Forced Air
  • Cooling System Central Air
  • Basement None
  • Architectural Style Single Family
Address Map
  • Country US
  • State IA
  • County Decatur
  • City Leon
  • Zipcode 50144
  • Street: Lakeview Rd
  • Street Number: 18756
  • Street Suffix: Road
  • Longitude: W94° 12' 31.3''
  • Latitude: N40° 46' 19.7''
  • Directions: From I-35 southbound, take Exit 18 for CR-J20. Head east on CR-J20. Turn right (South) on County Rd R40 (Lakeview Rd). Head south on Lakeview Rd until you meet 190th St. Property is on your left.
  • Zoning: Agriculture
Additional Information
  • Accessibility Features: None
  • Construction Materials: Metal Siding
  • Possible Use: Recreational
  • Previous Price: 575000
Financial
  • Tax Annual Amount: 1632
Map
Contact Agent
AJ Brown
A.J. Brown
Land & Farm Realtor
Phone: 641-680-9944
Fax: 641-664-3520

This field is for validation purposes and should be left unchanged.
This field is hidden when viewing the form

Similar Properties