Gated 13.5-acre retreat just minutes from Rathbun Lake Marina offering exceptional recreational and investment appeal. The 3,200 sq ft custom-built ranch (2009) features 4 bedrooms, 4 bathrooms, a fully finished basement, custom cabinetry, unique crown molding, and high-end finishes throughout. Enjoy a 360-degree wraparound porch with three swings, a swim spa, and a private pond with deck, slide, and high dive for true resort-style living. Perfectly positioned for Airbnb or short-term rental income, the 2,600 sq ft barn includes a nearly fully furnished 1 bed, 2 bath apartment plus a second open-concept high-efficiency suite with mini kitchen. Fiber optic internet serves both the home and barn, ideal for guests and remote work. Located just 5 miles from Rathbun Lake Marina, 6 miles from Centerville, and less than a mile from Hwy 5, this property offers excellent accessibility and rental potential. A custom cabana with handcrafted bar, pool table, and antique décor adds entertainment value, while the barn offers concrete floors, livestock/storage space, and a decorative hand-pump-style water feature. Partially fenced with no zoning restrictions—an exceptional opportunity for a personal retreat, income-producing investment, or both.
Active
$795,000
23502 465th St, Centerville, IA 52544
4beds
--sqft
Farm
Built in 2009
13.5 Acres Lot
$772,000 Zestimate®
$--/sqft
$-- HOA
What's special
Swim spaFully finished basementUnique crown moldingDecorative hand-pump-style water featureCustom cabinetry
- 215 days |
- 231 |
- 19 |
Zillow last checked:
Listing updated:
Listed by:
Will Cooper 515-490-7777,
Midwest Land Group LLC
Source: NoCoast MLS as distributed by MLS GRID,MLS#: 6334146
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air
Features
- Basement: Finished
- Number of fireplaces: 1
- Common walls with other units/homes: 1
Property
Accessibility
- Accessibility features: None
Lot
- Size: 13.5 Acres
Details
- Foundation area: 1055
- Parcel number: 050151000532000
- Zoning: Agriculture
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Farm
Materials
- Vinyl Siding
Condition
- Year built: 2009
Community & HOA
HOA
- Has HOA: No
- HOA name: WCIR
Location
- Region: Centerville
Financial & listing details
- Tax assessed value: $403,340
- Annual tax amount: $4,896
- Date on market: 12/4/2025
- Cumulative days on market: 216 days
Estimated market value
$772,000
$733,000 - $811,000
$1,583/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/23/2026 | Price change | $795,000-6.5% |
Source: | ||
| 12/4/2025 | Listed for sale | $849,900+9.7% |
Source: | ||
| 11/23/2025 | Listing removed | $775,000 |
Source: | ||
| 9/26/2025 | Price change | $775,000-11.4% |
Source: | ||
| 7/8/2025 | Price change | $875,000-10.3% |
Source: | ||
| 5/23/2025 | Listed for sale | $975,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,896 +0.7% | $403,340 +13.3% |
| 2024 | $4,864 +11.3% | $356,110 +7% |
| 2023 | $4,372 +7.8% | $332,920 +21.7% |
| 2022 | $4,056 +13.7% | $273,450 +6.5% |
| 2021 | $3,568 -3.4% | $256,840 +21.1% |
| 2020 | $3,694 -0.3% | $212,080 |
| 2019 | $3,707 +7.6% | $212,080 +12.4% |
| 2018 | $3,444 | $188,690 +8.6% |
| 2017 | $3,444 +50.8% | $173,760 +28.4% |
| 2016 | $2,284 | $135,350 -0.1% |
| 2015 | $2,284 -3.9% | $135,530 |
| 2014 | $2,376 +52.1% | $135,530 |
| 2013 | $1,562 | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 52544
Nearby schools
GreatSchools rating
- 5/10Lakeview Elementary SchoolGrades: K-5Distance: 6.1 mi
- 3/10Howar Middle SchoolGrades: 6-8Distance: 5.9 mi
- 3/10Centerville High SchoolGrades: 9-12Distance: 5.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Iowa
- Appanoose County
- Centerville
- 52544
- 23502 465th St




