PRICE REDUCED!! This one-of-a-kind double A-frame is just as charming as you imagine. The unique home located in the Wind-n-Waves subdivision near Lake Rathbun is ready for your touch! This 3 bed/3 bath home has plenty of open space for entertaining and the finished basement features a large bedroom and bath equipped with a sauna. There are large closets with ample storage throughout, a walk-in pantry and small utility room right off the kitchen. Decks adorn both levels of the home making for beautiful views of the surrounding area and even a peek at Lake Rathbun itself!! There are also spectacular views from almost anywhere in the home whether you are preparing supper in the kitchen or you are cozied up in the family room with the wood-burning fireplace keeping you toasty in the background. This home has been meticulously maintained both inside and out! The triple tandem vehicle garage is wired for 220v, has a loft for storage, water, and is large enough to accommodate an RV/camper in addition to all your other toys and tools. There is also a smaller, detached garage with a wood closet closer to the home for parking and storage as well as a partially fenced in yard! This property is backed up by a whole house 20KW generator with automatic transfer switch covering the whole home. The home has 4 fruit trees, a grape arbor, and the Purple Martin houses come with spring/summer inhabitants for those bird lovers out there! Call today for a showing!
Active
Price cut: $10K (8/9)
$385,000
196 Lakeview Dr, Melrose, IA 52569
3beds
2,320sqft
Single Family Residence
Built in 1972
0.3 Acres Lot
$-- Zestimate®
$166/sqft
$42/mo HOA
What's special
Finished basementPeek at lake rathbunWalk-in pantryPartially fenced in yardGrape arborOne-of-a-kind double a-frame
- 171 days
- 210
- 9
Zillow last checked:
Listing updated:
Listed by:
Carie Leon 641-658-3111,
Iowa Realty South Lakes
Source: NoCoast MLS as distributed by MLS GRID,MLS#: 6336555
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air
Cooling
- Central Air
Features
- Basement: Finished
- Number of fireplaces: 1
Interior area
- Total interior livable area: 2,320 sqft
Property
Parking
- Total spaces: 4
- Parking features: Concrete, RV Access/Parking
- Garage spaces: 4
Accessibility
- Accessibility features: Stair Lift
Features
- Levels: One and One Half
Lot
- Size: 0.3 Acres
- Dimensions: 120172002580000=.3 acres or 13,068sqft 120172010260000=.27 acres or 11761sqft
Details
- Additional structures: Garage(s)
- Parcel number: 120172002580000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
Condition
- Year built: 1972
Utilities & green energy
- Sewer: Private Sewer
- Water: Rural/Municipality
Community & HOA
Community
- Subdivision: WIND-N-WAVES EST 2ND
HOA
- Has HOA: Yes
- Services included: Trash, Other
- HOA fee: $500 annually
Location
- Region: Melrose
Financial & listing details
- Price per square foot: $166/sqft
- Tax assessed value: $229,620
- Annual tax amount: $1,574
- Date on market: 3/23/2026
- Cumulative days on market: 785 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/9/2026 | Price change | $385,000-2.5%$166/sqft |
Source: | ||
| 6/13/2026 | Price change | $395,000-2.5%$170/sqft |
Source: | ||
| 3/23/2026 | Price change | $405,000-2.4%$175/sqft |
Source: | ||
| 8/28/2025 | Price change | $415,000-3.5%$179/sqft |
Source: | ||
| 7/3/2025 | Price change | $430,000-2.3%$185/sqft |
Source: | ||
| 5/8/2025 | Price change | $440,000-1.1%$190/sqft |
Source: NoCoast MLS as distributed by MLS GRID #6315880 Report a problem | ||
| 9/11/2024 | Price change | $445,000-1.1%$192/sqft |
Source: | ||
| 8/27/2024 | Price change | $450,000-2.2%$194/sqft |
Source: | ||
| 8/19/2024 | Price change | $460,000-1.1%$198/sqft |
Source: | ||
| 8/5/2024 | Price change | $465,000-1.1%$200/sqft |
Source: | ||
| 5/25/2024 | Price change | $470,000-1.1%$203/sqft |
Source: | ||
| 3/30/2024 | Listed for sale | $475,000$205/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,938 -4.2% | $229,620 +14.3% |
| 2024 | $2,022 +5.6% | $200,870 +7% |
| 2023 | $1,914 +7.3% | $187,730 +25.4% |
| 2022 | $1,784 +15.7% | $149,760 +4.4% |
| 2021 | $1,542 | $143,510 +23% |
| 2020 | $1,542 -16.7% | $116,650 |
| 2019 | $1,852 +6.4% | $116,650 +1.9% |
| 2018 | $1,740 | $114,520 +22.1% |
| 2017 | $1,740 +25.4% | $93,760 |
| 2016 | $1,388 | $93,760 -0.1% |
| 2015 | $1,388 +1.8% | $93,850 |
| 2014 | $1,364 +10.5% | $93,850 |
| 2013 | $1,234 +5.1% | -- |
| 2012 | $1,174 -7.4% | -- |
| 2011 | $1,268 +2.9% | -- |
| 2010 | $1,232 +5.5% | -- |
| 2009 | $1,168 +22.7% | -- |
| 2007 | $952 | -- |
Find assessor info on the county website
Monthly payment
Est. payment



