2 homes at Wind and Waves plus 40 m/l acres in Melrose, IA

Rare opportunity to own two fully furnished homes on seven lots at Wind-N-Waves Estate and an additional 40 m/l acres! Located seven miles from Honey Creek and five miles from the acreage, these houses are perfect for any avid sportsman! Sitting on several lots with a considerable amount of sleeping space, these properties are perfect for hosting all of your friends and families get togethers! For those of you looking to expand your real estate portfolio, these houses would make for great short term rental properties! There’s also a large pond at the edge of the property!

The 2 bedroom 2.5 bathroom main cabin features an open concept kitchen, dining room, and living room. Upstairs you’ll find the primary bedroom which was added in 2013. A large primary bathroom was also remodeled at the same time. The fully finished basement has a bedroom and full bath. While it’s currently being used as additional sleeping space, the basement could be a great spot for a family room, rec room, home gym, or anything else you can think of! As it sits, this house sleeps 8-10.

The 2 bedroom 2 bathroom guest cabin also features an open concept kitchen/living room with a primary bedroom on the main floor. The upstairs has a second bedroom with a large bathroom and laundry combo! As it sits, this house sleeps 15-17.

These two properties sit directly across the road from each other and are being sold as a package! These properties would be perfect for hosting large family gatherings or could be used as short term vacation rental properties for added income! Short term vacation rental properties are becoming extremely popular in the Lake Rathbun area and this combination offers many great attributes!

The 40 m/l acres lays approximately 4.5 miles west of the two homes and really tops off this special combination of properties. There are 27.65 acres of CRP on the property, producing an anual income of $5,693 and set to expire in 2024, with the remaining acres in timbered draws. The CRP provides great bedding cover and there are plenty of places to add food plots to increase deer numbers on the property. There is one aerial/tower blind included with the sale. This land hasn’t been pressured hard at all for multiple years. It has been used primarily for younger grandchildren to hunt one time a year. The property sits down a dead end, maintained gravel road near Lake Rathbun.

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Property Information

  • Price: $770,000
  • Residential: Yes
  • Hunting Property: Yes
  • Address: 608 Timberline Dr
  • City: Melrose
  • County: Monroe
  • Acres: 42
  • Bedrooms: 4
  • Bathrooms: 4
  • Half Bathrooms: 1
  • Garage: Yes
  • Basement: Yes
  • MOPLS ID: 45100

About the Agent

Tyler Boley
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