MLS# 6752719 - 550 Eldo Lane SW Alexandria, MN 56308

Home & Investment Opportunity! Discover the perfect blend of comfort, versatility, and investment potential with this beautiful 10-acre property—just 1 mile from Latoka Beach and 4 miles from downtown Alexandria. Whether you choose to enjoy the acreage as a private retreat or subdivide it into lots to offset your home cost, this property offers exceptional value. Step inside to find a thoughtfully designed home featuring three cozy bedrooms, three bathrooms, a dedicated home office, and convenient main-level laundry. Multiple living spaces—three inviting family and gathering areas—provide the ideal setting for both quiet relaxation and lively entertaining. Recent updates add peace of mind, including new LP SmartSide siding, a durable steel roof, and spacious decks—all completed within the last five years. Enjoy the warmth of a main-level fireplace, a new propane furnace, or the optional wood furnace for efficient, comfortable heating. The home is also equipped with an ozone water filtration system for clean, high-quality water throughout. For horse enthusiasts, the property includes a fully equipped three-stall paddock opening onto 2.5 acres of fenced pasture—perfect for grazing and riding. An additional 5-acre grass hay field supports hobby farming or self-sufficiency goals. Experience the best of both worlds: the peace of country living with easy access to town conveniences. Picture morning walks through your acreage, afternoons spent riding, and evenings relaxing on the deck overlooking your land. If you would rather have a main-level garage this property has the space to add on this additional convenience. Don’t miss this rare opportunity to own a turnkey hobby farm and investment property in a highly desirable location near Alexandria.

Alex Brokers Realty, LLC is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Edge of the Wilderness Lakes & Homes Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edge of the Wilderness Lakes & Homes Realty, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 11/19/2025 3:09:00 PM.