18756 Lakeview Rd Road, Leon IA, 50144
Property Details
Listing Price: $575,000
Type: Single Family Residence
Lot Size: 42 acres
MLS #: 6333714
Listing agent: Will Cooper
wcooper@midwestlandgroup.com
Property Description
This 42± acre property in Decatur County offers a rare combination of income potential, recreational opportunity, and comfortable living—sitting directly against Little River Lake with beautiful views and easy access to the water. Located just 5 miles from Leon and 5 miles from Interstate 35, the setting offers the perfect blend of privacy and convenience. The 1,620 sq. ft. fully furnished barndominium features 2 bedrooms, 1 full bathroom, rural water, propane gas, and septic. Whether used as a primary residence, weekend retreat, or turn-key rental, the home is designed for year-round comfort and immediate use. It has already proven itself as a strong income producer, generating roughly $7,000 in Airbnb revenue over the past few months. The land has also produced around $7,000 in hay income in previous seasons, supported by productive alfalfa ground. With all income sources combined, the property is currently generating an approximate 5.5% ROI, with room to grow. The acreage includes alfalfa fields, hardwood timber, open ground, and a small pond that draws in wildlife year-round. A shed and wood-storage shack provide convenient space for equipment and outdoor gear. With its lake views, diverse landscape, proven income streams, and strong appeal to both hunters and fishermen, this is a standout investment property with exceptional recreational and residential value.Like what you see? Request Information or Showing
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Last Updated December 1, 2025