DRASTIC PRICE DROP! Seller has slashed to rock-bottom pricing on this rare turn-key 5 unit short term rental property plus single family home. NOW PRICED FOR IMMEDIATE SALE! FAST CLOSING! Whether you're an investor looking to capitalize on the growing tourism market or a family seeking a lifestyle change, this property offers a rare opportunity to blend business with pleasure. Welcome to Lodging at Lake Aire with incredible views of Clear Lake. Thriving business nestled in a serene setting offering both comfort and potential for growth. 3 bed home + 5 short term rental units + 2.7 acres + lake views = ENDLESS POSSIBILITIES! The charming home provides a cozy retreat for residents or a manager's quarters, while the 5-unit short term rental caters to a steady flow of guests who appreciate the tranquility and beauty of the area. Rentals have remodeled rooms and includes 3 efficiency, 2 one bedroom, on site laundry and private patios for each room. The charming main home features curved archways, stacked stone fireplace, updated kitchen & baths, hardwood floors, built in hutches and an oversized heated 2 car garage.
Imagine the possibilities: expand the lodging options, create outdoor recreational spaces, or develop a community hub that draws visitors year-round. There is plenty of land to potentially add additional amenities or rentals & includes a 2nd curb cut off Elm Ave.
With its established clientele and prime location, Lodging at Lake Aire is ready to continue its success story with your vision and passion. Located in the quaint small town of Waseca near numerous lakes, camping and bike paths. This property is meticulously maintained and ready for operation from day one! Don't miss the chance to turn this opportunity into your dream!
Closed
$500,000
1208 Elm Ave E, Waseca, MN 56093
3beds
1,459sqft
Single Family Residence
Built in 1946
2.7 Acres Lot
$345,500 Zestimate®
$343/sqft
$1,806 Estimated rent
Home value
$345,500
$311,000 - $377,000
$1,806/mo
Zestimate® history
Owner options
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$1,806/mo
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$1,806/mo
Rent Zestimate®
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$3,171/mo
Est. payment
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$3,171/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Daryl Bauer 952-240-5773,
Re/Max Advantage Plus
Bought with:
Mike Danberry
Realty Executives Associates
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6562682
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: Main
- Area: 130 Square Feet
- Dimensions: 10x13
Bedroom 2
- Level: Upper
- Area: 195 Square Feet
- Dimensions: 13x15
Bedroom 3
- Level: Upper
- Area: 165 Square Feet
- Dimensions: 11x15
Bathroom
- Level: Main
- Area: 70 Square Feet
- Dimensions: 7x10
Bathroom
- Level: Upper
- Area: 63 Square Feet
- Dimensions: 7x9
Dining room
- Level: Main
- Area: 180 Square Feet
- Dimensions: 15x12
Foyer
- Level: Main
- Area: 35 Square Feet
- Dimensions: 7x5
Kitchen
- Level: Main
- Area: 130 Square Feet
- Dimensions: 10x13
Living room
- Level: Main
- Area: 240 Square Feet
- Dimensions: 20x12
Office
- Level: Upper
- Area: 54 Square Feet
- Dimensions: 9x6
Walk in closet
- Level: Upper
- Area: 20 Square Feet
- Dimensions: 5x4
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Water Softener Owned
- Laundry: In Basement
Features
- Basement: Block,Drainage System,Sump Pump,Unfinished
- Number of fireplaces: 1
- Fireplace features: Gas, Living Room
Interior area
- Total structure area: 1,459
- Total interior livable area: 1,459 sqft
- Finished area above ground: 1,459
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Asphalt, Shared Driveway, Garage Door Opener, Heated Garage, Parking Lot, Paved Lot, RV Access/Parking
- Garage spaces: 2
- Has uncovered spaces: Yes
- Details: Garage Dimensions (26x26)
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
- Stories: 1.5
- Patio & porch: Patio
- Fencing: None
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake View
Lot
- Size: 2.7 Acres
- Dimensions: 263 x 432 x 253 x 475
- Features: Tree Coverage - Medium
Details
- Foundation area: 936
- Additional parcels included: 171230160
- Parcel number: 171230070
- Zoning description: Business/Commercial,Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Age 8 Years or Less
Condition
- New construction: No
- Year built: 1946
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Waseca
Financial & listing details
- Price per square foot: $343/sqft
- Tax assessed value: $303,400
- Annual tax amount: $7,696
- Date on market: 7/2/2024
- Cumulative days on market: 458 days
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/3/2025 | Listing removed | $1,650$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/1/2025 | Listed for rent | $1,650$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/31/2025 | Sold | $500,000+6.6%$343/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6562682 Report a problem | ||
| 10/16/2025 | Pending sale | $469,000$321/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6562682 Report a problem | ||
| 10/14/2025 | Price change | $469,000-5.8%$321/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6562682 Report a problem | ||
| 10/2/2025 | Pending sale | $498,000$341/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6562682 Report a problem | ||
| 8/28/2025 | Price change | $498,000-8.6%$341/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6562682 Report a problem | ||
| 8/22/2025 | Price change | $545,000-5.7%$374/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6562682 Report a problem | ||
| 8/12/2025 | Price change | $578,000-1.7%$396/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6562682 Report a problem | ||
| 7/29/2025 | Price change | $588,000-1.7%$403/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6562682 Report a problem | ||
| 6/27/2025 | Price change | $598,000-0.2%$410/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6562682 Report a problem | ||
| 5/24/2025 | Price change | $599,000-4.8%$411/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6562682 Report a problem | ||
| 4/9/2025 | Price change | $629,500-1.6%$431/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6562682 Report a problem | ||
| 2/4/2025 | Price change | $640,000-1.5%$439/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6562682 Report a problem | ||
| 9/5/2024 | Price change | $650,000-3.7%$446/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6562682 Report a problem | ||
| 7/2/2024 | Listed for sale | $675,000+697.9%$463/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6562682 Report a problem | ||
| 10/24/2008 | Sold | $84,600$58/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,940 +5.6% | $303,400 +13% |
| 2024 | $3,732 +3.3% | $268,400 +6.5% |
| 2023 | $3,614 +3.6% | $252,000 +49.9% |
| 2022 | $3,490 +0.2% | $168,100 +1.1% |
| 2021 | $3,482 +4.7% | $166,200 -6.4% |
| 2020 | $3,326 +100% | $177,600 |
| 2019 | $1,663 -48.2% | $177,600 +3.6% |
| 2018 | $3,210 +13.9% | $171,400 +15.6% |
| 2017 | $2,818 | $148,300 +2.6% |
| 2016 | -- | $144,500 +5.3% |
| 2015 | -- | $137,200 -20.6% |
| 2012 | -- | $172,900 -5.6% |
| 2011 | -- | $183,100 -4.7% |
| 2010 | -- | $192,100 |
Find assessor info on the county website
Neighborhood: 56093
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Nearby schools
GreatSchools rating
- 3/10Hartley Elementary SchoolGrades: PK-3Distance: 0.7 mi
- 6/10Waseca Junior High SchoolGrades: 7-8Distance: 1.6 mi
- 6/10Waseca Senior High SchoolGrades: 9-12Distance: 1.6 mi
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Estimated market value
$345,500
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Estimated market value
$345,500
- Minnesota
- Waseca County
- Waseca
- 56093
- 1208 Elm Ave E
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