$600,000
 $3,221 est/mo Sourced by Back At You

74500 240th Street,Albert Lea, MN 56007

Albert Lea, MN 56007

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Description

A one-of-a-kind private retreat with over $400K in updates, that blends rural serenity with accessible town amenities, tucked into the gorgeous landscape of southern Minnesota. Situated on approximately 5.35 acres, this charming home features three bedrooms and two full baths , 1 new half bath & across approximately 3,180 square feet of living space. From the moment you arrive, the setting impresses: mature landscaping, a generous lot that wraps around your home, and a stunning private pond that creates a tranquil backdrop for your everyday living. Step through the front door and you’ll find a well-laid-out open floor plan on the main level, where living, dining and kitchen spaces flow together seamlesslyideal for both everyday comfort and entertaining. Large windows bring in natural light, and from the adjoining dining area you’ll step out onto one of two composite decks that enjoy direct views of the pond and the surrounding greenery. The finished walkout lower level offers daylight windows and a walk-out exit give you fresh air and abundant light, creating a perfect space for a family room, game room, guest quarters or hobby studio. The back room could easily be converted back into a Mother In law kitchen. The basement is fully finished and adds substantial usable space to this home. The two-car attached garage has been converted into a car enthusiast's dream and the property’s size and design lend themselves to outdoor pursuits whether that’s gardening, nature watching, relaxing on the deck with a morning coffee, or simply enjoying the privacy that 5+ acres affords. The city of Albert Lea, MN, offers far more than meets the eye: nestled between lakes, trails and green spaces, the city provides a perfect backdrop for the lifestyle many homeowners seek. The city describes itself as the heart of southern Minnesota with lake. land. life. at its core. For outdoor lovers, you’re in luck: the nearby Myre-Big Island State Park offers miles of trails, shoreline along Albert Lea Lake, camping and bird-watching. Local parks, the Blazing Star Trail, and access to lakes all invite you to get outside year-round. When it comes to shopping, dining and neighborhood hangouts, downtown Albert Lea delivers the charm of a walkable historic district with plenty to explore. The historic downtown shopping district overlooks Fountain Lake and features more than a dozen local boutiques, coffee shops, eateries and art installations set within restored late-19th/early-20th-century architecture. Browse for unique gifts at local shops, grab a coffee and pastry to linger over, or catch a community event in the heart of town. For daily errands, you’ll find a strong mix of local favorites and convenience stores. The city lists numerous locally-owned shops such as Midwest Antiques, Jeni’s Fine Jewelers, The Seed House and more within its retail mix. Whether it's weekend wandering downstairs or quick errands, the options are within reach and neighboring chain stores and grocery anchors are also accessible. The kind of country-calm property that lets you step back and unwind without ever feeling isolated from town perks. On your acreage lot you have space, privacy, nature, and a home that is thoughtfully laid out. And when you’re ready to step out, Albert Lea offers lakeside recreation, trails, events, unique shopping and a friendly small-city atmosphere. If you like the idea of deck coffee watching the pond, sunsets across the trees, and nearby downtown strolls to local shops and cafés, this home could be the perfect match.

Details

MLS #7010518
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1981
Days On Site152
Listing Provided ByReal Broker, LLC | Jen Azure

Features

Bed(s)3
Bath(s) 3 Total
SQ Feet3,180
Garage6
BasementY
Story(s)1
ZoningResidential-Single Family
Acreage5.35

Interior

CoolingCentral Air
HeatingForced Air
AppliancesCooktop, Dishwasher, Double Oven, Dryer, Gas Water Heater, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer

Exterior

RoofAge Over 8 Years, Asphalt
Construction MaterialsConcrete, Frame
Lot FeaturesSuitable for Horses, Tree Coverage - Heavy

Parking

Parking FeaturesAttached Garage

Taxes

Property3844

Area Information

StateMN
CountyFreeborn
CityAlbert Lea
Zip Code56007
School District241
High SchoolAlbert Lea
Listing VS Median (in 56007)
Price:
$600,000
low | high
Med:
$239,900
100% of Average
sqft:
3,180
low | high
Med:
2,160
82.075471698113% of Average
$ / sqft:
$189
low | high
Med:
$111
91.135648148148% of Average
On site:
152
low | high
Med:
54
100% of Average
Sourced by Back At You

Market Activity 56007

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 Listings courtesy of Northstar MLS as distributed by MLS GRID. 

Based on information submitted to the MLS GRID as of August 23, 2026 at 6:02:42 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateMN
CountyFreeborn
CityAlbert Lea
Zip Code56007
School District241
High SchoolAlbert Lea
Listing VS Median (in 56007)
Price:
$600,000
low | high
Med:
$239,900
100% of Average
sqft:
3,180
low | high
Med:
2,160
82.075471698113% of Average
$ / sqft:
$189
low | high
Med:
$111
91.135648148148% of Average
On site:
152
low | high
Med:
54
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $450K - $750K
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
24106 Walnut Drive Property Photo 1
$299,900
24106 Walnut Drive
Albert Lea, MN 56007
Listing Updated: July 21, 2026 at 8:34:03 AM PDT
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