Does this property have an HOA?

No, this property does not have a homeowners association.

What are the annual property taxes?

Annual property taxes are $10,426 (2025).

Does this home have a garage?

Yes, this home has a 2-car garage.

How long has this property been on the market?

This property has been listed for 319 days.

Listed at

$850,000

$204/sqft

20 Lake Avenue

20 Lake Avenue, Madison Lake, MN, 56063

5 Bedrooms6 Bathrooms4,158 Square Feet0.612 Acres

Days on market319

Year built1994

Garage spaces2

TypeResidential

Est. $22,500buyer credit when you buy with SODL

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About this home

RARE LAKE GEM! Prime Location & Amazing Value on Sought-After Madison Lake. Welcome to your dream home on Lake Avenue! This expansive, custom-built residence offers a rare combination of space, luxury, and prime location in the desirable Madison Lake area. Designed for the large family or the enthusiastic host, this home truly stands out in the neighborhood. The Highlights: Over 90 Feet of Surveyed Lakeshore! The water is calling! 88' of Hewitt Roll-a-dock with bench included. Lakeshore Improvement READY for Spring: Don't wait for permits! A full lakeshore update permit has already been pulled for next Spring. The property was recently surveyed by ISG (Summer 2025) for a clear, worry-free closing. 5 Bedrooms | 6 Bathrooms (3 Full, 3 Three-Quarter) 4,192 Square Feet of spacious living area 0.61 Acre Lot 2-Car Detached Garage 1-Car Detached Garage Built in 1994 A Home Designed for Entertainment and Comfort: Step inside and discover the grandeur of 14 total rooms, ready to accommodate every facet of your life. The heart of the home is centered around comfort, featuring two cozy fireplaces—one in the main living room for gatherings and a private one in the Master Suite for a luxurious retreat. The enormous square footage ensures no one is left wanting for space. The basement is designed for functionality and fun, boasting a finished lower-level family room , along with a full, partially finished area, egress windows, and ample storage space. Premium Features & Mechanics: This home is move-in ready with modern comforts, including Central Air and Forced Air Heating fueled by Natural Gas. The kitchen is equipped with a full suite of essential appliances: Cooktop, Wall Oven, Refrigerator, Dishwasher, Microwave, and an Exhaust Fan/Hood.

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Home facts

Property typeResidential

Property subtypeSingle Family

Year built1994

LevelsTwo

Living area4,158 sqft

Above-grade finished2,772 sqft

Below-grade finished1,386 sqft

Lot size0.612 acres (280x80)

Days on market319

ListedNov 13, 2025

MLS #NST6816426

CountyBlue Earth

Parcel #R140535301019

Facts & features

Interior

Bedrooms: 5
Bathrooms: 6
Bath breakdown: 3 full / 3 3/4
Heating: Forced Air
Cooling: Central Air
Appliances: Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Wall Oven, Washer, Water Softener Owned

Property

Levels / stories: Two
Garage: 2 spaces · 691 sqft
Parking features: Detached Garage, Asphalt, Concrete, Garage Door Opener, Heated Garage, Insulated Garage, Storage
Pool: None
Other structures: Garage(s), Workshop
View: Bay, Lake

Construction

Property type: Residential
Property subtype: Single Family
Foundation: 1,386 sqft
Roof: Age Over 8 Years, Asphalt
Year built: 1994

Utilities

Water: City Water/Connected
Sewer: City Sewer/Connected
Fuel: Natural Gas
Electric: Circuit Breakers

Community & HOA

HOA: No HOA
School district: Mankato

Financial & listing details

Annual tax: $10,426 (2025)
Listed: Nov 13, 2025
Days on market: 319
Manufactured home: Yes

Interior details

Total bathrooms6

Full baths3

3/4 baths3

Half baths0

1/4 baths0

BasementFull

HeatingForced Air

CoolingCentral Air

Fireplaces2

AppliancesCooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Wall Oven, Washer, Water Softener Owned

DiningInformal Dining Room, Kitchen/Dining Room

AmenitiesCeiling Fan(s), Dock, Hardwood Floors, Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Paneled Doors, Porch, Security System, Boat Slip, Tile Floors, Washer/Dryer Hookup, Wet Bar

AccessibilityGrab Bars In Bathroom

Special featuresMain Floor Bedroom, Main Floor Laundry

Exterior & lot

RoofAge Over 8 Years, Asphalt

Foundation area1,386 sqft

Lot featuresAccessible Shoreline

Road frontageCity Street

ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected

SewerCity Sewer/Connected

FuelNatural Gas

Parking & garage

ParkingDetached Garage, Asphalt, Concrete, Garage Door Opener, Heated Garage, Insulated Garage, Storage

Garage spaces2

Garage size691 sqft

Financial details

Annual taxes$10,426

Tax year2025

Taxes w/ assessments10426

Assessment pendingNo

Lender ownedNo

Short saleNo

ForeclosureNo

Schools

District number2262

District phone5073871868

High schoolMankato

SODL flat fee brokerage

$22,500Estimated buyer credit

SODL platform fee $3,000Your buyer credit $22,500

Buyer-side commission

3.0%

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

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Submit offers and manage your transaction through the platform
Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$5,619/mo

Principal & interest$4,467

Property taxes$869

Home insurance (est.)$283

Down payment

$170,000

0%50%

Credit score

Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.