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    398 Lk Dr Melrose, IA 52569

    For Sale
    $99,000

    Lots & Land, Land - Melrose, IA

    Lot size:
    1.30 Acres
    Days on Market:
    61
    Last Refresh:
    Dec 7 at 9:06 pm

    Property Features for 398 Lk Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    120172050001011
    Lot size
    1.30 Acres

    Building Details

    Architectural style
    Other

    Boutique Real Estate (515) 314-4777

    Listing agent Tiffany Ehler (515) 314-4777 License #***

    Listing date Oct 8, 2025

    MLS# 6329200 Listing URL

    Copyright © 2025 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Rathbun Land for Sale

    Lot 11, located at 398 Lake Drive in Melrose, Iowa, is a 1.75-acre parcel situated at the end of a quiet cul-de-sac. The property offers daylight potential, wooded privacy, and lake views. It is located within the Lago Vista development at Lake Rathbun, offering a blend of lake views and peaceful living. Utilities available include Rathbun Regional Water, Chariton Valley Electric, and fiber internet, all located on the lot line. The property offers flexible building potential with optional on-site custom building project management. Located near Honey Creek State Park and boat access, this lot is suitable for building a dream home or cabin retreat, or for investment in lake-area land.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Melrose
    County
    Monroe
    State
    Iowa
    Longitude
    -93.03226465
    Latitude
    40.888323702

    Nearby Similar for Sale

    • $184,500

      Home with Rathbun Lake Views

      Home in Indian Ridge Subdivision with views of Rathbun Lake.
      112 Arrowhead Rd, Melrose, IA 52569
      View Details

    FAQs

    What type of property is this?
    Land - 1.75 acre lot with lake views and wooded privacy.
    Where is this land located?
    The property is located at 398 Lk Dr Melrose, IA.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: - Enjoy **lake views and wooded privacy** on this 1.75 acre lot.; - Located in Lago Vista, a scenic new development at Lake Rathbun.; - Utilities available at the lot line: Rathbun Regional Water, Chariton Valley Electric, and fiber internet.
    (515) 314-4777
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    398 Lk Dr Melrose, IA 52569
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