10998 Point Douglas Dr S Hastings, MN 55033
Estimated payment $37,265/month
About This Lot
Attention investors, developers, and estate planners: a truly rare opportunity awaits with 210.5 +/- acres of prime land located within the City of Cottage Grove, Minnesota. Featuring direct frontage and access to Highway 61, this exceptional property is currently zoned Agricultural, with a transitional designation in the city’s Comprehensive Plan, signaling strong future development potential. Presently operating as a productive farming enterprise, the land includes irrigation wells, power infrastructure, and valuable oak timber poised for future harvest and sale. The property also holds potential gravel deposits, adding another layer of long-term value. The scenic, park-like setting includes two well-maintained homes, several outbuildings, pasture, and fencing—ideal for continued agricultural use or as an estate property. Large-scale power access along lot lines and nearby power stations enhance the site’s utility for future commercial or residential development. Enjoy the benefit of Agricultural Preservation tax advantages while holding the land for future appreciation, just minutes from the Twin Cities Metro Area. With few large parcels remaining this close to urban amenities and with direct access to a major highway, this farm stands out as a blank slate with endless potential for visionaries looking to shape the next phase of growth in the region.
Property Details
Property Type
- Land
Est. Annual Taxes
- $8,650
Lot Details
- Additional Parcels
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 2502721310001
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,178 | $1,046,800 | $945,100 | $101,700 |
| 2023 | $4,178 | $909,600 | $814,300 | $95,300 |
| 2022 | $3,274 | $787,900 | $703,200 | $84,700 |
| 2021 | $3,362 | $787,900 | $703,200 | $84,700 |
| 2020 | $3,462 | $791,000 | $709,500 | $81,500 |
| 2019 | $3,578 | $778,200 | $699,500 | $78,700 |
| 2018 | $3,406 | $775,400 | $699,500 | $75,900 |
| 2017 | $3,692 | $748,800 | $674,500 | $74,300 |
| 2016 | $3,532 | $772,700 | $699,200 | $73,500 |
| 2015 | $3,526 | $765,100 | $689,200 | $75,900 |
| 2013 | -- | $694,200 | $621,100 | $73,100 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2025 07/15/25 | For Sale | $6,859,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $500 | Legal & Title Services | |
| Interfamily Deed Transfer | -- | None Available |
Source: NorthstarMLS
MLS Number: 6755766
APN: 25-027-21-31-0001
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