Live the Lake Life! Own this well-maintained condo and begin enjoying Madison Lake. You’ll find 1274 square feet of living space encompassing the living room with a gas fireplace, kitchen w/breakfast bar, bright dining area, primary bedroom w/walk-in closet & ensuite bath, second bedroom, full guest bath, and laundry room. You’ll appreciate the adjacent secure storage area, spacious bedrooms, hardwood floors, and freshly painted spaces. An abundance of windows throughout and a private balcony allow you to enjoy the beautiful outdoor surroundings and view of the lake. This is the only unit of the 4 Bayview condos that has 2 dedicated stalls in the underground parking garage, and also includes a rental license. Your fun on the water is enhanced with 25 feet of deeded access on Madison Lake along with ownership of half of the dock. Discover small town living with a vacation vibe, live music at local restaurants, and the Sakatah bike trail passing through town. Don’t let this be the One That Got Away - arrange for your private tour today!
Active
Price cut: $10K (11/4)
$249,900
401 Walnut Ave APT 201, Madison Lake, MN 56063
2beds
1,274sqft
Est.:
Condo/Twnhouse/Twin/Patio, Condominium
Built in 1986
-- sqft lot
$246,300 Zestimate®
$196/sqft
$-- HOA
What's special
Gas fireplaceHardwood floorsView of the lakeSpacious bedroomsAbundance of windowsFull guest bathAdjacent secure storage area
- 55 days |
- 380 |
- 9 |
Zillow last checked: 8 hours ago
Listing updated: 14 hours ago
Listed by:
Matt Gillard,
Re/Max Venture
Source: RASM,MLS#: 7038857
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Dining room
- Features: Breakfast Bar, Combine with Kitchen
Heating
- Fireplace(s), Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener Rented
- Laundry: Washer/Dryer Hookups
Features
- Ceiling Fan(s), Eat-In Kitchen, Kitchen Center Island, Walk-In Closet(s), Bath Description: 3/4 Primary, Main Floor Full Bath
- Basement: Block,Full
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total structure area: 1,274
- Total interior livable area: 1,274 sqft
- Finished area above ground: 1,274
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Tuckunder
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Exterior features: Balcony, Dock
- Waterfront features: Deeded Access
- Body of water: Madison
Lot
- Size: 2,178 Square Feet
- Features: Accessible Shoreline
Details
- Foundation area: 1274
- Parcel number: R140534430003
Construction
Type & style
- Home type: Condo
- Property subtype: Condo/Twnhouse/Twin/Patio, Condominium
Materials
- Frame/Wood, Vinyl Siding
- Roof: Asphalt
Condition
- Previously Owned
- New construction: No
- Year built: 1986
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: City
- Water: Public
Community & HOA
HOA
- Has HOA: Yes
Location
- Region: Madison Lake
Financial & listing details
- Price per square foot: $196/sqft
- Tax assessed value: $218,900
- Annual tax amount: $3,164
- Date on market: 10/16/2025
- Listing terms: Cash,Conventional
Estimated market value
$246,300
$234,000 - $259,000
$1,685/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/4/2025 | Price change | $239,900-4%$188/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6803399 Report a problem | ||
| 10/14/2025 | Listed for sale | $249,900+23.7%$196/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6803399 Report a problem | ||
| 10/31/2019 | Sold | $202,000+12.3%$159/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5287349 Report a problem | ||
| 9/9/2019 | Pending sale | $179,900$141/sqft |
Source: True Real Estate #5287349 Report a problem | ||
| 9/3/2019 | Listed for sale | $179,900+28.6%$141/sqft |
Source: True Real Estate #5287349 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,014 +15.7% | $218,900 +5.5% |
| 2023 | $2,604 +25.8% | $207,500 +13% |
| 2022 | $2,070 +4% | $183,700 +18.1% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,260/mo
Principal & interest
$969
Property taxes
$204
Home insurance
$87
Climate risks
Neighborhood: 56063
Nearby schools
GreatSchools rating
- 8/10Eagle Lake Elementary SchoolGrades: K-5Distance: 4.6 mi
- 5/10Prairie Winds Middle SchoolGrades: 6-8Distance: 8.4 mi
- 6/10Mankato East Senior High SchoolGrades: 9-12Distance: 8 mi
Schools provided by the listing agent
- District: Mankato #77
Source: RASM. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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