$575,000
SOLD JUN 8, 2026

46 Lake Ave Madison Lake, MN 56063

5 Beds
2 Baths
1,936 Sq Ft
0.39 Acre Lot

Sale Details

Date Sold: June 8, 2026

$297 Per Sq Ft

4% Below List Price

2 Days on Market

Highlights

  • Lake Front
  • Beach Access
  • Ranch Style House
  • Eagle Lake Elementary School Rated A-
  • Sandy Beach
  • Fireplace

About This Home

As of June 2026

Agent is Related to seller. This beautifully updated 5-bedroom, 2-bath home offers the perfect blend of comfort, style, and lakeside charm on the highly sought-after shores of Madison Lake. Nestled in a quaint, welcoming neighborhood, the home features fresh paint, new flooring, and newer windows that fill the space with natural light. A cozy gas fireplace creates a warm focal point in the inviting family room, while the thoughtfully decorated interior gives the home a fresh, move-in-ready feel. The attached two-stall garage adds convenience and functionality. Currently operating as a successful short-term vacation rental, this property offers excellent potential as a year-round residence, weekend getaway, or investment opportunity. Enjoy peaceful lakeside living with modern updates and timeless charm.

Last Agent to Sell the Property

Christine Thomas

LAKE SHORES & MORE REALTY Brokerage Phone: 507-420-2973 License #20101389 Listed on: 05/12/2026

Last Buyer's Agent

Shara Schmidt

eXp Realty License #40894616

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,364

Year Built

  • Built in 1992

Lot Details

  • 16,988 Sq Ft Lot
  • Lot Dimensions are 93x135x93x149
  • Lake Front
  • Sandy Beach
  • Few Trees

Home Design

  • Ranch Style House
  • Frame Construction
  • Metal Roof
  • Steel Siding

Interior Spaces

  • Woodwork
  • Fireplace
  • Dining Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Block Basement Construction
  • Basement Window Egress

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Beach Access
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number R14.05.35.301.008

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,364

Year Built

Built in 1992

Lot Details

0.39 Acres

Listing Details

  • Type: Single Family
  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Style: Ranch/Rambler (L)
  • Amenities: Garage Door Opener, Natural Woodwork, Smoke Alarms (L), CO Detectors (L)
  • Amenities Exterior: Driveway - Concrete, Patio
  • Estimated Number of Acres: 0.39
  • Beach Type: Sand
  • Foundation Size: 1092
  • L V T Date: 05/12/2026
  • Mechanicals: Water Softener-Owned, Sump Pump, Circuit Breaker
  • Parcel Number: R14.05.35.301.008
  • Rental License: Yes
  • Stories: 1 Story
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Informal Dining Room
  • Appliances: Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 5
  • Bathroom Description: Full Basement, Main Floor 3/4 Bath
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Living Room, 11.9x22, On Level: Main
  • Room 2: Dining Room, 13x7.10, On Level: Main
  • Room 3: Kitchen, 12.9x11.2, On Level: Main
  • Room 4: Bedroom, 10.10x13, On Level: Main
  • Room 5: Bedroom, 10.4x9.4, On Level: Main
  • Room 6: Bedroom, 10.4x9.6, On Level: Main
  • Room 7: 31x13, On Level: Basement
  • Room 8: Bedroom, On Level: Basement
  • Room 9: Bedroom, On Level: Basement
  • Basement Features: Egress Windows, Finished, Sump Pump
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1092
  • Below Grade Finished Sq Ft: 844
  • Tot Above Grade Sq Ft: 1092
  • Total Fin Square Footage: 1936
  • Total Square Footage: 2184
  • Tot Below Grade Sq Ft: 1092

Exterior Features

  • Frontage Road: City, Paved
  • Waterfront Name: Madison
  • Construction Type: Frame/Wood
  • Exterior: Steel
  • Roof: Metal
  • Waterfront: Yes
  • Waterfront Description: Lake

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heat: Fireplace, Forced Air
  • Sewer: City
  • Water: City

Lot Info

  • Estimated Lot Dimensions: 93x135x93x149
  • Lot/Land Description: Accessible Shoreline, Tree Coverage - Light, Paved Streets

Building Info

  • Year Built: 1992

Tax Info

  • Year: 2026
  • Tax Value: 6364

MLS Schools

  • School District: Mankato #77

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2026
Closed on
Jun 8, 2026
Sold by
Bought by
Seller's Agent
Christine Thomas
LAKE SHORES & MORE REALTY
Buyer's Agent
Shara Schmidt
eXp Realty
List Price
$599,900
Sold Price
$575,000
Premium/Discount to List
-$24,900
-4.15%
Views
182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.81%
Original Mortgage
$460,000
Interest Rate
0.0623%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 26, 2024
Closed on
Apr 22, 2024
Sold by
Bought by
Seller's Agent
Tana Stoufer
Realty Executives Associates
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$449,950
Sold Price
$440,000
Premium/Discount to List
-$9,950
-2.21%
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.39%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $575,000 Near North Title
Deed $440,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $460,000 New Conventional
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/08/2026 06/08/26 Sold $575,000 -4.2% $297 / Sq Ft
05/14/2026 05/14/26 Pending -- -- --
05/12/2026 05/12/26 For Sale $599,900 +36.3% $310 / Sq Ft
04/22/2024 04/22/24 Sold $440,000 -2.2% $295 / Sq Ft View Prior Sale
01/29/2024 01/29/24 Pending -- -- --
01/26/2024 01/26/24 For Sale $449,950 -- $302 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,364 $381,200 $132,000 $249,200
2025 $6,364 $381,200 $132,000 $249,200
2024 $4,412 $331,800 $132,100 $199,700
2023 $4,202 $327,900 $132,100 $195,800
2022 $3,902 $294,600 $132,100 $162,500
2021 $3,720 $267,700 $132,100 $135,600
2020 $3,416 $256,600 $132,100 $124,500
2019 $3,362 $256,600 $132,100 $124,500
2018 $3,266 $250,600 $132,100 $118,500
2017 $3,026 $250,600 $132,100 $118,500
2016 $2,918 $241,400 $132,100 $109,300
2015 $28 $239,100 $132,100 $107,000
2014 $3,012 $229,900 $132,100 $97,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7040267

REALTOR® Association of Southern Minnesota

APN: R14-05-35-301-008

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