550 Eldo Lane
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About this home
Home & Investment Opportunity! Discover the perfect blend of comfort, versatility, and investment potential with this beautiful 10-acre property—just 1 mile from Latoka Beach and 4 miles from downtown Alexandria. Whether you choose to enjoy the acreage as a private retreat or subdivide it into lots to offset your home cost, this property offers exceptional value. Step inside to find a thoughtfully designed home featuring three cozy bedrooms, three bathrooms, a dedicated home office, and convenient main-level laundry. Multiple living spaces—three inviting family and gathering areas—provide the ideal setting for both quiet relaxation and lively entertaining. Recent updates add peace of mind, including new LP SmartSide siding, a durable steel roof, and spacious decks—all completed within the last five years. Enjoy the warmth of a main-level fireplace, a new propane furnace, or the optional wood furnace for efficient, comfortable heating. The home is also equipped with an ozone water filtration system for clean, high-quality water throughout. For horse enthusiasts, the property includes a fully equipped three-stall paddock opening onto 2.5 acres of fenced pasture—perfect for grazing and riding. An additional 5-acre grass hay field supports hobby farming or self-sufficiency goals. Experience the best of both worlds: the peace of country living with easy access to town conveniences. Picture morning walks through your acreage, afternoons spent riding, and evenings relaxing on the deck overlooking your land. If you would rather have a main-level garage this property has the space to add on this additional convenience. Don’t miss this rare opportunity to own a turnkey hobby farm and investment property in a highly desirable location near Alexandria.
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Home facts
Facts & features
Interior
- Bedrooms
- 3
- Bathrooms
- 3
- Bath breakdown
- 1 full / 2 half
- Heating
- Forced Air, Fireplace(s), Wood Stove
- Cooling
- Central Air
- Basement
- Finished, Sump Pump, Walkout · 876 sqft finished
Property
- Levels / stories
- One
- Garage
- 2 spaces · 24x26 · 624 sqft
- Parking features
- Attached Garage
- Fencing
- Electric
- Other structures
- Other, Tack Room
- Lot size
- 10 acres
Construction
- Property type
- Residential
- Property subtype
- Single Family Residence
- Construction materials
- Engineered Wood
- Foundation
- 1,684 sqft
- Year built
- 1983
Utilities
- Water
- Well
- Sewer
- Private Sewer, Septic System Compliant - Yes
Community & HOA
- HOA
- No HOA
- School district
- Alexandria
Financial & listing details
- Annual tax
- $2,922 (2025)
- Tax with assessments
- 2922.0000
- Listed
- Jul 10, 2025
- Days on market
- 438 · 124 cumulative
Interior details
Exterior & lot
Utilities
Parking & garage
Financial details
Schools
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.
- Tour homes with SODL’s flexible showing network
- 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
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.
Location
550 Eldo Lane, Alexandria, MN, 56308
Listing information
Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.
