Rare opportunity to own approximately 126 acres of productive farmland and recreational property in Madison, Ohio. This versatile property offers an excellent combination of approximately 56 acres of tillable ground, mature timber, scenic wooded ravines, and multiple small creeks that provide natural water sources for wildlife and enhance the property's beauty. The wooded acreage offers outstanding habitat for whitetail deer, wild turkey, and other native wildlife, making it an excellent recreational property for hunting, hiking, and enjoying the outdoors. The combination of tillable acreage, timber, rolling terrain, and water creates a diverse landscape with year-round appeal.
The property includes two homes. One home is considered a tear-down, while the second is an approximately 1,810-square-foot, two-bedroom, one-bath residence. The home appears to have solid structural bones but will require remodeling and updates, offering an opportunity for a buyer to customize it as a primary residence, weekend getaway, or farm headquarters.
An Agricultural Easement is in place, helping preserve the property's agricultural use. As a result, the property cannot be subdivided. Buyers should review the easement and any applicable restrictions to determine suitability for their intended use.
Conveniently located in Madison, this property offers a peaceful rural setting while remaining close to local amenities, Lake Erie, parks, shopping, wineries, and major roadways. Whether you are looking for productive farmland, recreational acreage, a hunting property, or a long-term land investment, this property offers a unique combination of agricultural productivity, natural beauty, and outdoor recreation in Lake County.
Pending
$1,124,000
5201 Emerson Rd, Madison, OH 44057
--beds
0baths
126.28Acres
Unimproved Land
Built in ----
126.28 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Peaceful rural settingScenic wooded ravinesMature timber
- 68 days
- 153
- 8
Zillow last checked:
Listing updated:
Listed by:
Jeremy Schaefer 216-406-3757 jeremy.schaefer@whitetailproperties.com,
Whitetail Properties Real Estate LLC,
Mark Zimmerman 330-705-2567,
Whitetail Properties Real Estate LLC
Source: MLS Now,MLS#: 5227210
Originating MLS: Other/Unspecificed
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Video & virtual tour
Property
Parking
- Parking features: Driveway
Lot
- Size: 126.28 Acres
Details
- Additional parcels included: 01A0610000100,01A0610000080,01A0550000100,01A0550000030
- Parcel number: 01A0610000090
- Special conditions: Standard
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
HOA
- Has HOA: No
Location
- Region: Madison
Financial & listing details
- Tax assessed value: $239,920
- Annual tax amount: $9,782
- Date on market: 7/15/2026
- Cumulative days on market: 69 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Pending sale | $1,124,000 |
Source: | ||
| 7/15/2026 | Listed for sale | $1,124,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,281 +1.6% | $83,970 |
| 2024 | $4,215 +12.1% | $83,970 +38.6% |
| 2023 | $3,760 -0.4% | $60,570 |
| 2022 | $3,776 -0.2% | $60,570 |
| 2021 | $3,783 +22% | $60,570 +38.4% |
| 2020 | $3,101 -0.1% | $43,750 |
| 2019 | $3,103 +37.2% | $43,750 +4.3% |
| 2018 | $2,262 | $41,960 |
| 2017 | $2,262 +10.4% | $41,960 |
| 2016 | $2,050 +3.6% | $41,960 |
| 2015 | $1,978 -2.1% | $41,960 |
| 2014 | $2,022 | $41,960 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 44057
Nearby schools
Schools provided by the listing agent
- District: Madison LSD Lake- 4303
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




