Welcome to a truly rare opportunity just minutes from downtown Rochester and the world-renowned Mayo Clinic. Nestled on a private road at 1040 Maywood Rd SW, this charming ranch-style home sits on an expansive 2-acre lot—an incredibly hard-to-find setting so close to the heart of the city.
Originally built in 1940 and thoughtfully expanded in 1973, this home offers a spacious and highly functional layout featuring 4 bedrooms and 3 bathrooms. Inside, you’ll find two large living areas, a generous office space, and both formal and informal dining areas—perfect for everyday living and entertaining alike. The kitchen is spacious and ready for your personal touch.
The home’s layout lives larger than its footprint, with abundant natural light, hardwood floors, new carpet in the living room, and timeless built-ins and craftsmanship details that are rarely found in newer construction. While the home retains some classic 1970s décor, it provides a wonderful opportunity to update while preserving its character.
Convenience is key with laundry hookups on both the main level and in the basement. Recent updates include a new oven (2018), water heater (2025), and a furnace serviced in November 2025. A brand-new refrigerator and dishwasher will be installed prior to closing.
Outside, the property truly shines. In addition to the peaceful, private setting, you’ll find two detached garages: a standard two-stall garage and a second oversized garage ideal for 2–3 vehicles, a workshop, or hobby space—complete with an attached greenhouse.
Additional features include a private septic system and a shared well with one neighboring property.
If you’ve been searching for space, privacy, and character just minutes from downtown Rochester, this is a one-of-a-kind opportunity you won’t want to miss.
Active
$545,000
1040 Mayowood Rd SW, Rochester, MN 55902
4beds
3,586sqft
Est.:
Single Family
Built in 1940
2.01 Acres Lot
$531,800 Zestimate®
$152/sqft
$-- HOA
What's special
- 3 days |
- 918 |
- 37 |
Zillow last checked:
Listing updated:
Listed by:
Sandra Reid 507-722-9790,
Re/Max Results
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7037935
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Bedroom
- Level: Main
- Area: 132.5 Square Feet
- Dimensions: 12.5x10.6
Bedroom 2
- Level: Main
- Area: 215.6 Square Feet
- Dimensions: 15.4x14
Bedroom 3
- Level: Main
- Area: 209.25 Square Feet
- Dimensions: 15.5x13.5
Bedroom 3
- Level: Main
- Area: 112.8 Square Feet
- Dimensions: 12x9.4
Bathroom
- Level: Main
- Area: 63.75 Square Feet
- Dimensions: 8.5x7.5
Bathroom
- Level: Main
- Area: 48.75 Square Feet
- Dimensions: 6.5x7.5
Bathroom
- Level: Main
- Area: 13.5 Square Feet
- Dimensions: 4.5x3
Dining room
- Level: Main
- Area: 112.8 Square Feet
- Dimensions: 12x9.4
Family room
- Level: Main
- Area: 409.5 Square Feet
- Dimensions: 19.5x21
Informal dining room
- Level: Main
- Area: 86.25 Square Feet
- Dimensions: 7.5x11.5
Kitchen
- Level: Main
- Area: 285 Square Feet
- Dimensions: 19x15
Living room
- Level: Main
- Area: 522 Square Feet
- Dimensions: 29x18
Office
- Level: Main
- Area: 184 Square Feet
- Dimensions: 16x11.5
Heating
- Baseboard, Forced Air, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Freezer, Gas Water Heater, Microwave, Refrigerator, Wall Oven, Washer, Water Softener Owned
- Laundry: In Basement, In Hall, Lower Level, Main Level
Features
- Basement: Block,Unfinished
- Number of fireplaces: 2
Interior area
- Total structure area: 3,586
- Total interior livable area: 3,586 sqft
- Finished area above ground: 2,818
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Detached Garage, Multiple Garages
- Garage spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
Lot
- Size: 2.01 Acres
- Features: Tree Coverage - Medium
Details
- Additional structures: Workshop
- Foundation area: 2818
- Parcel number: 641133062842
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Age Over 8 Years
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: Mound Septic, Tank with Drainage Field
- Water: Shared System, Well
Community & HOA
Community
- Subdivision: Faulconers Sub
HOA
- Has HOA: No
Location
- Region: Rochester
Financial & listing details
- Price per square foot: $152/sqft
- Tax assessed value: $515,400
- Annual tax amount: $7,169
- Date on market: 4/30/2026
Estimated market value
$531,800
$505,000 - $558,000
$2,339/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/2/2026 | Listed for sale | $545,000$152/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7037935 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,225 +21.9% | $515,300 +0.3% |
| 2024 | $5,928 | $513,900 +9.2% |
| 2023 | -- | $470,700 +4.5% |
| 2022 | $5,508 +4.8% | $450,400 +12.5% |
| 2021 | $5,254 -1.7% | $400,300 +5.1% |
| 2020 | $5,346 +1% | $381,000 +3% |
| 2019 | $5,294 | $369,900 +1.9% |
| 2017 | $5,294 +8.3% | $363,100 +8.7% |
| 2016 | $4,888 | $334,000 +9.4% |
| 2015 | $4,888 +6.9% | $305,200 +1.8% |
| 2014 | $4,572 +10% | $299,900 |
| 2012 | $4,158 | $299,900 -3% |
| 2011 | -- | $309,300 -2.5% |
| 2010 | $3,964 -0.3% | $317,100 |
| 2008 | $3,976 | $317,100 |
Find assessor info on the county website
Monthly payment
Est. payment
$3,144/mo
Principal & interest
$2653
Property taxes
$491
More affordability tools
Climate risks
Neighborhood: 55902
Nearby schools
GreatSchools rating
- 3/10Franklin Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 9/10Mayo Senior High SchoolGrades: 8-12Distance: 1.7 mi
- 4/10Willow Creek Middle SchoolGrades: 6-8Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Ben Franklin
- Middle: Willow Creek
- High: Mayo
Source: NorthstarMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Minnesota
- Olmsted County
- Rochester
- 55902
- 1040 Mayowood Rd SW
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