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10 Lake Avenue, Madison Lake, MN 56063

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For Sale

$695,000

3 beds • 3 baths • 1 half baths • 3,769 sqft

Estimated Payment

$ 4,380 /mo. †

6.85% APR for 30 yrs.
$8,842 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • 1974
    Year built

  • $184.40
    Price per square foot

  • Detached Garage, Garage
    Garage Description

Explore this Property

Welcome to the lake and this meticulously maintained ranch home on Madison Lake with 102 feet of sandy beach shoreline that sits on .9 acre! You feel right at home as you enter through a large bright foyer with closet space and plenty of room for several guests to enter at once. From there you will enter the kitchen, dining room and living room area with vaulted ceilings to give it that open and spacious feel! This area has newer updates which include granite countertops, backsplash and laminate flooring. The custom-built knotty pine cabinets and ceiling add to the lake experience and brings about a warm relaxed feeling. The gas fireplace can be seen from all three rooms. Light fixtures throughout the main floor have been tastefully updated. A large window in the living room allows for a very picturesque view of the lake! The guest bathroom has recently been updated. The primary bedroom has a private bathroom with an oversized tiled shower. The attached 2 car garage had been converted into a large bonus room, and it awaits your finishing touch and imagination for the many possible uses it generates! The bonus room has an electric furnace. The full basement has a tiled family room, third bedroom with egress, workshop area, large storage room, 3/4 bathroom and utility room. Outside you will find a patio wired for hot tub, a two-car garage, and a large shop. The shop is heated and has plenty of room for lake toys like boats and pontoons. It has a bathroom and can be used for entertaining guests. There is abundant room for parking. The lake shore area has a firepit and bar area to enjoy relaxing summer days, beautiful sunsets and entertaining nights. You'll want to call this place home! $1,500 carpet allowance for bedroom. Seller related to agent.
MLS# 7036671

Listed By CENTURY 21 Atwood

Property Features

  • Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Basement
    Unfinished
  • Body of Water
    Lake
  • Cooling
    Central A/C
  • Exterior Description
    Steel Frame, Stone
  • Fireplace Description
    Electric
  • Garage Description
    Detached Garage, Garage
  • General
    Workshop
  • Heating - Fuel Type
    Gas
  • Heating Type
    Baseboard
  • Kitchen Features
    Eat-in Kitchen
  • Lifestyles
    Waterfront, Lakefront
  • Location
    Waterfront
  • Lot Size
    0.9 Acres
  • Road Type
    City / Town Street
  • Roof
    Asphalt Shingle Roof
  • Sewer
    City, Public
  • Style
    Other Style
  • Water
    City Water

Map and Directions

Directions to 10 Lake Avenue, Madison Lake, MN 56063

Home seller Meet the Agent,
Mary Wolfe

Get to know the neighborhood. A local affiliated CENTURY 21 agent will help you set up tours, give advice, and negotiate with sellers.

Mary Wolfe

of CENTURY 21 Atwood

License: 20502207
(507) 327-5785
Learn More About Me

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $3,643
  • Property Taxes
    $736
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $4,380

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Room Dimensions

  • Dining Room
    12 ft x 12 ft
  • Other
    22 ft x 21 ft
  • Bedroom (1)
    11 ft x 10 ft
  • Foyer
    13 ft x 10 ft
  • Laundry Room
    8 ft x 6 ft
  • 25 ft x 13 ft
  • Kitchen
    12 ft x 12 ft
  • Bedroom
    19 ft x 13 ft
  • Family Room
    11 ft x 10 ft
  • Living Room (1)
    17 ft x 14 ft
  • Living Room
    24 ft x 12 ft

Schools

Eagle Lake Elementary School

Grades EE-5 Public School

Eagle Lake, MN 56024 4.9 miles
500 le sueur ave

381 total students
15:1 Student teacher ratio

School Rating: A

School Details

Prairie Winds Middle School

Grades 6-8 Public School

Mankato, MN 56001 8 miles
1200 prairie winds dr

1090 total students
18:1 Student teacher ratio

School Rating: C-

School Details

East High School

Grades 9-12 Public School

Mankato, MN 56001 8.4 miles
2600 hoffman rd

1205 total students
21:1 Student teacher ratio

School Rating: B-

School Details

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Madison Lake, MN 56063

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Madison Lake, MN 56063

This community’s employment is highest in the production occupations and food industries. The area’s overall household expenses are above the national average.

84° July
Hottest Average Month
3° January
Coldest Average Month
1,150 Total Households in Area
3.1% Increase in population since the year 2010
29.6%
of households
have children
22 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Madison Lake, MN 56063

Madison Lake, MN 56063 has a population of 2,739 people in 1,150 households with a median age of 40.4 years old.

3.1%
Increase in population
since the year 2010
Population is Trending up
1,080
Total households as of 2010
6.6%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 40.4 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 95%
Hispanic 2%
Other <1%
Black <1%
Asian <1%
Native American <1%
The most prevalent ethnicity is White at 95%, followed by Hispanic at 2%, Other at <1%, and Black at <1%.

Economics
for Madison Lake, MN 56063

62 /sq mi
Population Density
$104,115 /yr
Median Household Income
$750,000
Median Sales Price
22 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $100-124,999k representing 18.47% of the households.

Transportation to Work

  • Drive 89%
  • Work from Home 10%
  • Walk or Bike 1%
  • Public Transit 0%

Occupancy by Type

Owned 982 66%
Vacant 342 23%
Rented 168 11%

White vs Blue Collar Jobs







White Collar 72%
Blue Collar 28%

Family & Education Facts
for Madison Lake, MN 56063

40.4 Median Age

Average Household Size

2.4
persons per
household

67.5%

Married Households

Community Population By Education

Bachelors Degree 27%
Some College 22%
High School Graduate 22%
Associates Degree 14%
Graduate Degree 14%
Some High School 2%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 26.9% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
29.6% of households have children

Weather
for Madison Lake, MN 56063

The weather for this area ranges from a high of 84° F in July to a low of 3° F in January

84° July
Hottest Average Month
3° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
3°
23°
Feb
8°
28°
Mar
21°
40°
Apr
35°
57°
May
47°
71°
Jun
56°
80°
Jul
61°
84°
Aug
59°
82°
Sep
49°
73°
Oct
38°
61°
Nov
24°
42°
Dec
10°
28°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Madison Lake, MN 56063!
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Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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