Estimated payment $3,128/month
About This Home
This 42+/- acre property in Decatur County offers a rare combination of income potential, recreational opportunities, and comfortable livingsitting directly adjacent to the public ground surrounding 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 provides 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 set up for year-round comfort. It has already proven to be a strong income producer, generating roughly $7,000 in Airbnb revenue in recent months and around $7,000 in past hay income from the productive alfalfa ground. Decatur County is known for its large whitetails, and this property has been rented to deer hunters, with additional spring rental potential for anglers targeting Little River Lake’s walleye.
The acreage includes alfalfa fields, hardwood timber, open ground, and a small pond that draws wildlife throughout the year. A shed and wood-storage shack provide convenient storage for equipment and 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.
Property Features
-42 +/- acres in Decatur County, Iowa
-Borders public hunting ground surrounding Little River Lake
-1,620 square feet fully furnished barndominium
-2 bedrooms, 1 full bathroom, rural water, propane gas, and septic
-Strong Airbnb history with approximately $7,000 in revenue in recent months
-Hay production generating around $7,000 in past seasons
-Fall rental potential for large whitetail deer
-Spring rental potential for walleye anglers fishing Little River Lake
-Estimated 5.5% ROI from combined income sources
-Alfalfa fields, hardwood timber, open ground, and a small wildlife pond
-Shed and wood-storage shack for equipment and gear
-Around 5 miles from Leon and 5 miles from Interstate 35 for convenient access
Listing Agent
Will Cooper
Midwest Land Group Listed on: 11/19/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,350
Lot Details
- Waterfront
- Current uses include hunting/fishing, timber
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Additional Features
- Water Views
- Pond
- Gas Available
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 | $1,350 | $100,572 | $11,392 | $89,180 |
| 2023 | $2,210 | $100,572 | $11,392 | $89,180 |
| 2022 | $244 | $129,589 | $8,821 | $120,768 |
| 2021 | $226 | $8,821 | $8,821 | $0 |
| 2020 | $230 | $8,487 | $8,487 | $0 |
| 2019 | $248 | $11,292 | $0 | $0 |
| 2018 | $248 | $12,076 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/04/2025 12/04/25 | Pending | -- | -- | -- |
| 11/14/2025 11/14/25 | For Sale | $575,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $80,500 | Helton Law Offices Pllc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $85,000 | New Conventional |
- 0 Lakeview Rd
- 0 NW 6th St
- 1406 NW Church St
- 1101 NW Church St
- 305 NW 8th St
- 501 NW 6th St
- 25069 McGruder Creek
- 800 NW Church St
- 201 Jefferson St
- 205 NW 7th St
- 204 NE 7th St
- 204 NE 5th St
- 808 NE 10th St
- 20005 County Highway J20
- 702 S Main St
- 201 SE Locust St
- 29592 McGruder Creek Rd
- 12273 211th Ave
- 12197 211th Ave
- 207 E 2nd St