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Off market
  • $815,300

    20 Lake Ave, Madison Lake, MN 56063

    5beds
    4,192sqft
    SingleFamily
    Built in 1994
    0.61 Acres Lot
    $815,300 Zestimate®
    $194/sqft
    $3,832 Estimated rent

    Home value

    $815,300

    $775,000 - $856,000

    $3,832/mo

    Zestimate® history
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    Owner options

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    $3,832/mo

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    Rent Zestimate®

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    $5,034/mo

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    $5,034/mo

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    What's special

    We are offering a 2.5% commission to the buyer's agent to facilitate a successful transaction. Welcome to your dream home on Lake Avenue! This expansive, custom-built residence offers a rare combination of space, luxury, and prime location in the desirable Madison Lake area. Designed for the large family or the enthusiastic host, this home truly stands out in the neighborhood. The Highlights: Over 90 Feet of Surveyed Lakeshore! The water is calling! 88' of Hewitt Roll-a-dock with bench included. Lakeshore Improvement READY for Spring: Don't wait for permits! A full lakeshore update permit has already been pulled and the contractor has been paid to begin work this spring. The property was recently surveyed by ISG (Summer 2025) for a clear, worry-free closing. 5 Bedrooms | 6 Bathrooms (3 Full, 3 Three-Quarter) 4,192 Square Feet of spacious living area 0.61 Acre Lot 2-Car Detached Garage 1-Car Detached Garage Built in 1994 A Home Designed for Entertainment and Comfort: Step inside and discover the grandeur of 14 total rooms, ready to accommodate every facet of your life. The heart of the home is centered around comfort, featuring two cozy fireplaces—one in the main living room for gatherings and a private one in the Master Suite for a luxurious retreat. The enormous square footage ensures no one is left wanting for space. The basement is designed for functionality and fun, boasting a finished lower-level family room , along with a full, partially finished area, egress windows, and ample storage space. Premium Features & Mechanics: This home is move-in ready with modern comforts, including Central Air and Forced Air Heating fueled by Natural Gas. The kitchen is equipped with a full suite of essential appliances: Cooktop, Wall Oven, Refrigerator, Dishwasher, Microwave, and an Exhaust Fan/Hood. Your FSBO Opportunity: Don't miss the chance to own a magnificent property without the complexity of a third-party agent. We are selling this stunning 5-bedroom, 6-bathroom home directly to the next lucky owner. Showings are by appointment only. For Inquiries, Private Viewing, please contact the owner directly.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 6
    • Full bathrooms: 3
    • 3/4 bathrooms: 3
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Carpet, Hardwood, Linoleum / Vinyl
    • Basement: Finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 4,192 sqft

    Property

    Parking
    • Parking features: Garage - Detached, Off-street, On-street
    Features
    • Exterior features: Metal
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 0.61 Acres
    Details
    • Parcel number: R140535301019

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary
    Materials
    • Metal
    • Foundation: Masonry
    • Roof: Shake / Shingle
    Condition
    • Year built: 1994

    Community & HOA

    Location
    • Region: Madison Lake

    Financial & listing details

    • Price per square foot: $194/sqft
    • Tax assessed value: $702,300
    • Annual tax amount: $10,426

    Price history

    DateEventPrice
    4/30/2026Listing removed$850,000$203/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6816426 Report a problem
    11/13/2025Listed for sale$850,000$203/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6816426 Report a problem
    11/11/2025Listing removed--
    Source: Owner Report a problem
    10/23/2025Listed for sale$850,000-5.5%$203/sqft
    Source: Owner Report a problem
    8/27/2023Listing removed--
    Source: RASM #7032317 Report a problem
    6/15/2023Price change$899,000-5.3%$214/sqft
    Source: RASM #7032317 Report a problem
    5/18/2023Listed for sale$949,000+45.6%$226/sqft
    Source: RASM #7032317 Report a problem
    9/30/2022Sold$652,000+3.5%$156/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6243058 Report a problem
    8/17/2022Pending sale$630,000$150/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6243058 Report a problem
    8/12/2022Listed for sale$630,000$150/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6243058 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,426 +0.2%$702,300 +12.5%
    2024$10,402 +28.2%$624,300 +0.3%
    2023$8,114 +10.1%$622,500 +14.8%
    2022$7,368 +5.7%$542,400 +13.2%
    2021$6,970 +10.7%$479,200 +6.1%
    2020$6,294 $451,700
    2019$6,294 +1.2%$451,700 +2.4%
    2018$6,218 +3%$441,300
    2017$6,036 +9%$441,300 +5.5%
    2016$5,538 +11101.5%$418,100 +1.4%
    2015$49 -99.1%$412,300 +6%
    2014$5,660 $388,900 -0.1%
    2013-- $389,100 -1.3%
    2012-- $394,100 -2.8%
    2011-- $405,300 -4.4%
    2010-- $423,800
    Find assessor info on the county website

    Neighborhood: 56063

    Nearby schools

    GreatSchools rating
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    $815,300
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    +$16,306
    With Zillow Showcase(estimated)
    $831,606