Calonett has never been offered for sale.
Set on 75 private acres in Waseca, Minnesota, Calonett is one of the Midwest's most remarkable equestrian estates. The property features an 11,000 square foot luxury residence, a heated horse barn with finished living quarters, fenced paddocks, open pasture, and a private six acre stocked pond surrounded by mature trees. Offered publicly for the first time, this extraordinary horse property represents a rare opportunity to own one of Minnesota's premier equestrian farms.
For nearly four decades, Calonett was home to Walter Mishek, founder of The Arabian Horse Times. What began in a room above his family's garage in Waseca became the publication of record for the Arabian horse industry. As the magazine grew, so did the estate. The horses and the home evolved together, creating a property where every decision reflects a lifetime devoted to the Arabian breed.
The approach sets the tone. A long private drive winds past the pond, with mature trees to one side and rolling pasture to the other, before revealing the residence. Built without compromise, the home showcases Brazilian onyx, handcrafted cherry millwork, and a custom bar beneath mirror finished walls and ceiling.
The primary suite lives as a private residence within the home, overlooking the water through a wall of windows. Separate his and hers dressing rooms, a private laundry, and generous living space create a true owner's retreat. Throughout the home are six bedrooms, nine bathrooms, two executive offices, a private gymnasium, a lounge, a sunroom, four separate laundry rooms, and a temperature controlled cold storage room, ideal for wine, furs, seasonal storage, or preserving collectibles.
Designed for entertaining on a grand scale, a substantial lower level expansion completed in 2023 introduced an impressive gathering room alongside a commercial style catering kitchen. Behind the scenes, the home's infrastructure is equally exceptional, featuring a passenger elevator, whole house backup generator, zoned in floor radiant heat, and integrated security systems.
The heated horse barn offers finished living quarters creating flexibility for guests, trainers, caretakers, or an evolving breeding and training operation. While currently configured for horses, the estate barn is equally compelling as a home for a distinguished automobile collection, specialty vehicles, recreational equipment, creative workshops, or future custom amenities. Like the estate itself, it was built to accommodate both grand ambitions and everyday enjoyment.
Yet the defining feature of Calonett is not found in its finishes or amenities.
It is the quiet.
Morning fog rises from the private pond while horses graze in the nearby paddocks. The only sounds are birds, wind through the trees, and the rhythm of the farm. It is a place built for horses, designed for entertaining, and meant to be experienced.
Located in Waseca County in southern Minnesota, Calonett is approximately one hour from Rochester and 30 mins to Mankato, and about seventy minutes from Minneapolis, Saint Paul, and Minneapolis Saint Paul International Airport. This luxury horse farm and private equestrian estate is offered for sale publicly for the very first time, presenting an exceptional opportunity for buyers seeking luxury acreage, equestrian property, or legacy estate in Minnesota.
Active
$5,500,000
14720 Old Highway 14, Waseca, MN 56093
6beds
11,009sqft
Single Family
Built in 2004
75.48 Acres Lot
$-- Zestimate®
$500/sqft
$-- HOA
What's special
Fenced paddocksPrivate gymnasiumCommercial style catering kitchenSix bedroomsHandcrafted cherry millworkPassenger elevatorIntegrated security systems
- 76 days
- 971
- 28
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Michelle Kalina 507-269-6439,
Lakes Sotheby's International Realty,
Katrina Pulham 507-696-7850
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7097563
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 9
- Full bathrooms: 2
- 3/4 bathrooms: 4
- 1/2 bathrooms: 1
- 1/4 bathrooms: 2
Bedroom
- Level: Main
- Area: 399 Square Feet
- Dimensions: 21x19
Bedroom 2
- Level: Lower
- Area: 180 Square Feet
- Dimensions: 15x12
Bedroom 3
- Level: Lower
- Area: 180 Square Feet
- Dimensions: 15x12
Bedroom 4
- Level: Lower
- Area: 180 Square Feet
- Dimensions: 15x12
Primary bathroom
- Level: Main
- Area: 180 Square Feet
- Dimensions: 15x12
Other
- Level: Main
- Area: 625 Square Feet
- Dimensions: 25x25
Exercise room
- Level: Lower
- Area: 240 Square Feet
- Dimensions: 20x12
Game room
- Level: Lower
- Area: 400 Square Feet
- Dimensions: 20x20
Kitchen
- Level: Main
- Area: 300 Square Feet
- Dimensions: 20x15
Kitchen 2nd
- Level: Lower
- Area: 300 Square Feet
- Dimensions: 20x15
Laundry
- Level: Main
- Area: 24 Square Feet
- Dimensions: 06x04
Laundry
- Level: Lower
- Area: 80 Square Feet
- Dimensions: 10x08
Living room
- Level: Main
- Area: 738 Square Feet
- Dimensions: 41x18
Media room
- Level: Lower
- Area: 240 Square Feet
- Dimensions: 20x12
Other
- Level: Lower
- Area: 80 Square Feet
- Dimensions: 10x08
Storage
- Level: Lower
- Area: 50 Square Feet
- Dimensions: 10x05
Storage
- Level: Lower
- Area: 50 Square Feet
- Dimensions: 10x05
Study
- Level: Lower
- Area: 144 Square Feet
- Dimensions: 12x12
Study
- Level: Lower
- Area: 144 Square Feet
- Dimensions: 12x12
Walk in closet
- Level: Main
- Area: 126 Square Feet
- Dimensions: 21x06
Walk in closet
- Level: Main
- Area: 60 Square Feet
- Dimensions: 10x06
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Chandelier, Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Freezer, Water Osmosis System, Microwave, Other, Range, Refrigerator, Stainless Steel Appliance(s), Wine Cooler
- Laundry: In Basement, Gas Dryer Hookup, Laundry Closet, Lower Level, Laundry Room, Main Level, Other, Washer Hookup
Features
- Basement: Daylight,Full,Other,Storage Space
- Number of fireplaces: 5
- Fireplace features: Gas
Interior area
- Total structure area: 11,009
- Total interior livable area: 11,009 sqft
- Finished area above ground: 5,829
- Finished area below ground: 5,180
Property
Parking
- Total spaces: 6
- Parking features: Attached, Detached Garage
- Attached garage spaces: 6
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Patio
Lot
- Size: 75.48 Acres
- Features: Suitable for Horses
Details
- Additional structures: Barn(s), Other
- Foundation area: 5180
- Additional parcels included: 120160200
- Parcel number: 120160300
- Zoning description: Other,Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Condition
- New construction: No
- Year built: 2004
Utilities & green energy
- Gas: Natural Gas
- Sewer: Septic System Compliant - Yes
- Water: Well
Community & HOA
HOA
- Has HOA: No
Location
- Region: Waseca
Financial & listing details
- Price per square foot: $500/sqft
- Tax assessed value: $89,500
- Annual tax amount: $17,002
- Date on market: 7/25/2026
- Road surface type: Unimproved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/25/2026 | Listed for sale | $5,500,000+3135.3%$500/sqft |
Source: | ||
| 7/20/2015 | Listing removed | $170,000$15/sqft |
Source: Action Realty #88-5218 Report a problem | ||
| 7/10/2015 | Listed for sale | $170,000$15/sqft |
Source: Action Realty #88-5218 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $668 -5.9% | $89,500 +5.2% |
| 2024 | $709 +49.7% | $85,100 -4.3% |
| 2023 | $474 +17.3% | $88,900 +116.3% |
| 2022 | $404 -0.5% | $41,100 |
| 2021 | $406 -20.4% | $41,100 -48% |
| 2020 | $510 +100% | $79,100 |
| 2019 | $255 -50.8% | $79,100 |
| 2018 | $518 +97.7% | $79,100 +57.3% |
| 2017 | $262 | $50,300 -3.8% |
| 2016 | -- | $52,300 |
| 2015 | -- | $52,300 +34.1% |
| 2012 | -- | $39,000 |
Find assessor info on the county website
Monthly payment
Est. payment

