Welcome to your dream hobby farm retreat on the shore of Fountain Lake in Montrose, Minnesota. This charming traditional-style home is nestled at the end of a picturesque, tree-lined driveway surrounded by restored prairie, offering luxury, privacy and country charm. From masterfully designed perennial gardens with abundant wildlife, to a heated saltwater pool and whimsical play area, lovingly known as Neverland, every inch of this property is beautifully crafted. This property is truly special.
Step inside and fall in love with the sun-filled family room boasting towering two-story windows, wood floors, and a fireplace. A formal dining room provides an elegant space for entertaining and is adjacent to a quiet office overlooking the front yard. The main floor primary suite serves as a private retreat with a ensuite bathroom and walk-in closet.
The kitchen is the heart of the home, with a stunning gourmet kitchen featuring custom cabinetry, including a beautifully carved range hood, and a large center island with beautiful granite countertops. You will appreciate the extra storage and wine cooler in the butler's pantry. The kitchen is complete with beautiful views of the lake, pool, and gardens from the breakfast nook and informal dining area. Upstairs offers three spacious bedrooms, a Jack-and-Jill bath with double sinks. The downstairs is perfect for a movie night or entertaining friends, with a wet bar and easy access to the pool. Two spacious bedrooms, a playroom, two bathrooms, and plenty of storage complete the home.
Cultivate new hobbies with the perennial gardens and raised flower beds, or in the greenhouse. Store your toys in the 45x30 toybox, or in the comfort of the divided 48x36 heated shop, complete with a floor drain. Want to raise chickens, goats or other animals, do so, in the back half of the shop.
Offering peace, privacy, and endless opportunity, this property is ideal, whether you want to relax, raise animals, connect with nature, or start and grow your business. Welcome home!
Closed
$1,200,000
7040 Meridian Ave S, Montrose, MN 55363
6beds
6,048sqft
Single Family
Built in 1994
7.8 Acres Lot
$1,209,300 Zestimate®
$198/sqft
$4,664 Estimated rent
Home value
$1,209,300
$1.11M - $1.32M
$4,664/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
The Schaust Team 612-799-7889,
Compass,
Kelli Schaust 612-269-4516
Bought with:
Tracie Bebeau
Coldwell Banker Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6789376
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 3
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Main
- Area: 238 Square Feet
- Dimensions: 17x14
Bedroom 2
- Level: Upper
- Area: 156 Square Feet
- Dimensions: 13x12
Bedroom 3
- Level: Upper
- Area: 176 Square Feet
- Dimensions: 16x11
Bedroom 4
- Level: Upper
- Area: 165 Square Feet
- Dimensions: 15x11
Bedroom 5
- Level: Basement
- Area: 169 Square Feet
- Dimensions: 13x13
Bedroom 6
- Level: Basement
- Area: 252 Square Feet
- Dimensions: 18x14
Other
- Level: Basement
- Area: 56 Square Feet
- Dimensions: 8x7
Dining room
- Level: Main
- Area: 176 Square Feet
- Dimensions: 16x11
Family room
- Level: Basement
- Area: 396 Square Feet
- Dimensions: 22x18
Foyer
- Level: Main
- Area: 64 Square Feet
- Dimensions: 8x8
Other
- Level: Upper
- Area: 460 Square Feet
- Dimensions: 23x20
Informal dining room
- Level: Main
- Area: 210 Square Feet
- Dimensions: 15x14
Informal dining room
- Level: Main
- Area: 25 Square Feet
- Dimensions: 5x5
Laundry
- Level: Main
- Area: 80 Square Feet
- Dimensions: 10x8
Living room
- Level: Main
- Area: 352 Square Feet
- Dimensions: 22x16
Mud room
- Level: Main
- Area: 60 Square Feet
- Dimensions: 12x5
Office
- Level: Main
- Area: 210 Square Feet
- Dimensions: 15x14
Other
- Level: Basement
- Area: 49 Square Feet
- Dimensions: 7x7
Play room
- Level: Basement
- Area: 300 Square Feet
- Dimensions: 20x15
Storage
- Level: Basement
- Area: 336 Square Feet
- Dimensions: 24x14
Utility room
- Level: Basement
- Area: 180 Square Feet
- Dimensions: 15x12
Heating
- Geothermal
Cooling
- Central Air, Geothermal
Appliances
- Included: Central Vacuum, Dishwasher, Disposal, Double Oven, Dryer, Electronic Air Filter, Exhaust Fan, Gas Water Heater, Water Filtration System, Water Osmosis System, Iron Filter, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Wall Oven, Washer, Water Softener Rented, Wine Cooler
- Laundry: Main Level
Features
- Central Vacuum
- Basement: Block,Drain Tiled,Drainage System,Egress Window(s),Finished,Walk-Out Access
- Number of fireplaces: 3
- Fireplace features: Gas, Wood Burning, Wood Burning Stove
Interior area
- Total structure area: 6,048
- Total interior livable area: 6,048 sqft
- Finished area above ground: 3,708
- Finished area below ground: 1,689
Property
Parking
- Total spaces: 3
- Parking features: Attached, Asphalt, Floor Drain, Garage, Garage Door Opener, Heated Garage, Insulated Garage, Multiple Garages
- Attached garage spaces: 3
- Has uncovered spaces: Yes
- Details: Garage Dimensions (32x23)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Composite Decking, Deck, Patio
- Has private pool: Yes
- Pool features: In Ground, Heated
- Fencing: Chain Link
- On waterfront: Yes
- Waterfront features: Lake Front
Lot
- Size: 7.8 Acres
- Dimensions: 291 x 696 x 497 x 362 x 637
- Features: Suitable for Horses
Details
- Additional structures: Greenhouse
- Foundation area: 2355
- Parcel number: 208200072204
- Zoning description: Agriculture,Residential-Single Family
- Other equipment: Fuel Tank - Rented
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Shake,Age Over 8 Years
Condition
- New construction: No
- Year built: 1994
Utilities & green energy
- Electric: 200+ Amp Service
- Gas: Propane
- Sewer: Septic System Compliant - No
- Water: Well
Community & HOA
HOA
- Has HOA: No
Location
- Region: Montrose
Financial & listing details
- Price per square foot: $198/sqft
- Tax assessed value: $967,500
- Annual tax amount: $9,650
- Date on market: 9/18/2025
- Cumulative days on market: 78 days
- Road surface type: Unimproved
Price history
| Date | Event | Price |
|---|---|---|
| 3/3/2026 | Sold | $1,200,000-3.9%$198/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6789376 Report a problem | ||
| 12/7/2025 | Pending sale | $1,249,000$207/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6789376 Report a problem | ||
| 11/9/2025 | Price change | $1,249,000-3.6%$207/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6789376 Report a problem | ||
| 9/19/2025 | Listed for sale | $1,295,000$214/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6789376 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,872 +2.3% | $967,500 +0.4% |
| 2024 | $9,650 +5.9% | $963,700 -4.7% |
| 2023 | $9,110 +2.2% | $1,011,300 +14.1% |
| 2022 | $8,916 -6.3% | $886,100 +15.4% |
| 2021 | $9,514 +7.8% | $768,100 -2% |
| 2020 | $8,828 -64.3% | $783,800 +2.2% |
| 2019 | $24,756 +180.4% | $766,800 -0.2% |
| 2018 | $8,828 +7.6% | $768,200 +4.7% |
| 2017 | $8,204 +6.3% | $733,700 |
| 2016 | $7,720 | -- |
| 2015 | $7,720 +1.8% | -- |
| 2014 | $7,582 +5.2% | -- |
| 2013 | $7,205 +8.2% | -- |
| 2012 | $6,657 -2.9% | -- |
| 2011 | $6,856 -0.1% | -- |
| 2010 | $6,865 -1.4% | -- |
| 2009 | $6,965 -1.2% | -- |
| 2008 | $7,049 -1.6% | -- |
| 2007 | $7,162 +8% | -- |
| 2006 | $6,632 -1.3% | -- |
| 2005 | $6,722 -3.6% | -- |
| 2004 | $6,971 +19.1% | -- |
| 2003 | $5,855 +22.8% | -- |
| 2002 | $4,766 -33.5% | -- |
| 2001 | $7,170 | -- |
Find assessor info on the county website
Neighborhood: 55363
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Nearby schools
GreatSchools rating
- 6/10Montrose Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 7/10Buffalo Community Middle SchoolGrades: 6-8Distance: 9.8 mi
- 8/10Buffalo Senior High SchoolGrades: 9-12Distance: 9.8 mi
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Estimated market value
$1,209,300
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Estimated market value
$1,209,300
- Minnesota
- Wright County
- Montrose
- 55363
- 7040 Meridian Ave S
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