Welcome to Pen Wheel Ranch, a distinctive equestrian property on approximately 16 acres just over a mile from Interstate 80. Located along historic White Pole Road near Stuart, this versatile property offers facilities for horse boarding, training, riding, agricultural use or a private equestrian estate. It is near the local high school and across from a veterinary clinic.
The main complex includes two 126' x 34.5' arenas. One is heated and configured with approximately 20 stalls and paddocks. The second offers additional riding and training space and could accommodate another 16 to 20 stalls.
Additional amenities include a 53.75' x 63' covered riding arena, 54' x 38.33' grooming area with wash bay and finished office, and 63' x 24' hay-storage area.
The property also features outbuildings, outdoor riding and corral areas, loafing sheds, automatic waterers and two open-front pole buildings for shelter and storage.
Living accommodations include a 1,724-square-foot, three-bedroom, two-bath primary residence within the equestrian building and a separate two-bedroom, one-bath residence—ideal for an owner, manager, employees, tenants or guests.
Approximately 12.87 acres are used as cropland. With substantial infrastructure already in place, Pen Wheel Ranch offers an exceptional opportunity for an established horse facility, income-producing property or private country retreat.
For sale
Price cut: $5K (9/4)
$1,095,000
3254 White Pole Rd, Stuart, IA 50250
3beds
1,724sqft
Single Family Residence
Built in 1995
16 Acres Lot
$-- Zestimate®
$635/sqft
$-- HOA
What's special
Loafing shedsAutomatic waterersSeparate two-bedroom one-bath residence
- 48 days
- 304
- 12
Zillow last checked:
Listing updated:
Listed by:
Matthew Gooding matthew.n.gooding@gmail.com,
Agency Iowa,
Beth Cochran 515-979-3750,
Agency Iowa
Source: DMMLS,MLS#: 746008
Originating MLS: Des Moines Area Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bedrooms: 3
Heating
- Gas
Cooling
- Central Air
Appliances
- Included: Cooktop, Dryer, Dishwasher, Refrigerator, Washer
Interior area
- Total structure area: 1,724
- Total interior livable area: 1,724 sqft
Property
Features
- Stories: 1
- Fencing: Wood
Lot
- Size: 16 Acres
Details
- Parcel number: 0404200001
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Metal Siding
- Foundation: Slab
- Roof: Metal
Condition
- Resale
- New construction: No
- Year built: 1995
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Stuart
Financial & listing details
- Price per square foot: $635/sqft
- Tax assessed value: $368,250
- Annual tax amount: $1,866
- Date on market: 8/7/2026
- Cumulative days on market: 48 days
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Price change | $1,095,000-0.5%$635/sqft |
Source: | ||
| 8/7/2026 | Listed for sale | $1,100,000+22.4%$638/sqft |
Source: | ||
| 10/10/2017 | Listing removed | $899,000$521/sqft |
Source: Madison County Realty #527511 Report a problem | ||
| 10/20/2016 | Listed for sale | $899,000+199.7%$521/sqft |
Source: Madison County Realty #527511 Report a problem | ||
| 12/31/2007 | Sold | $300,000$174/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,866 +5.7% | $368,250 +250.5% |
| 2024 | $1,766 +22.8% | $105,060 |
| 2023 | $1,438 +4.1% | $105,060 +62.2% |
| 2022 | $1,382 -12% | $64,760 |
| 2021 | $1,570 -1% | $64,760 -0.2% |
| 2020 | $1,586 -0.9% | $64,860 -2.6% |
| 2019 | $1,600 +76.6% | $66,590 -31.6% |
| 2018 | $906 | $97,393 +58.7% |
| 2017 | $906 -1.1% | $61,380 |
| 2016 | $916 +12.8% | $61,380 -14.1% |
| 2015 | $812 -8.6% | $71,436 |
| 2014 | $888 -22.5% | $71,436 |
| 2011 | $1,146 +3.8% | -- |
| 2010 | $1,104 -14.6% | -- |
| 2009 | $1,292 +3.9% | -- |
| 2008 | $1,244 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 50250
Nearby schools
Schools provided by the listing agent
- District: West Central Valley
Source: DMMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





