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    28983 320Th Avenue Way Red Wing, MN 55066

    Sponsored
    For Sale
    $1,879,900

    Luxury Farm, 50 Acres, $1.8M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 50-acre property in Goodhue County, Minnesota, presents a unique opportunity for agricultural and residential pursuits. Located at 28983 320th Ave Way, Red Wing, MN 55066, the land is zoned for both agriculture and single-family residential use. The asking price is $1,879,900, translating to $333 per square foot of land value. The property features a custom-built home (5,650 sq ft, one story, built in 2004) boasting high-end finishes including in-floor heating, stone fireplaces, a Wolf range, porcelain tile, hardwood floors, and custom cabinetry. The home also includes an indoor pool and an impressive pantry. Outbuildings include a well-maintained barn with box stalls and a large (60x120) heated shed with a bathroom and hoist, featuring 4ft on center rafters. Approximately 30 acres of pasture are enclosed by tensile fencing, and a feedlot permit is current. The property enjoys a private setting on a dead-end road, bordering Frontenac State Park, offering exceptional privacy and tranquility. The APN is 320050200. A virtual tour is available. This property offers a rare blend of comfortable living and significant agricultural potential.

    Property Features for 28983 320Th Avenue Way

    General Information

    Property type
    Farms
    Lot Size
    2,178,000 SF

    HighLights

    • 5,650 sq ft, 1‑story home built in 2004.
    • High‑end finishes including in‑floor heating, stone fireplaces, Wolf range, and custom cabinetry.
    • Indoor pool and impressive pantry.
    • 60x120 heated shed with bathroom and hoist, plus a barn with box stalls.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Red Wing
    County
    Goodhue
    State
    Minnesota
    Longitude
    -92.3938039
    Latitude
    44.5315724

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    FAQs

    What type of property is this?
    Farm - Luxury Farm, 50 Acres, $1.8M
    Where is this farm located?
    The property is located at 28983 320Th Avenue Way Red Wing, MN.
    What is the asking price?
    The asking price for this property is $1,879,900.
    What are key features of this property?
    This property features: 5,650 sq ft, 1-story home built in 2004.; High-end finishes including in-floor heating, stone fireplaces, Wolf range, and custom cabinetry.; Indoor pool and impressive pantry.
    Request Owner's contact information
    28983 320Th Avenue Way Red Wing, MN 55066
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    Red Wing, MN 55066
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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
    28983 320Th Avenue Way Red Wing, MN 55066
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