18756 Lakeview Rd Road
Leon, IA, 50144 $ 575,000
Bedrooms2 Baths1.0 Monthly Estimate*
$ 3,587
for $575,000 with 2 bedrooms and 1 full bath. This property was built in 2021 on a lot size of 42.
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.
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FeaturesGeneralHeating Forced Air
Cooling Central Air
Zoning Agriculture
Architectural Style Single Family
Construction Materials Metal Siding
Year Built 2021
Tax Year 2025
Accessibility None
County Decatur
Property Type Farm
Contingency None
Possible Use Recreational
Full Baths 1
Status Pending
Directions From I-35 southbound take Exit 18 for CR-J20. Head east on CR-J20. Turn right (South) on County Rd R40 (Lakeview Rd). Head south on Lakeview Rd until you meet 190th St. Property is on your left.
Association Name WCIR
Lot Size Units Acres
Lot Size Square Feet 1829520
Tax Annual Amount 1632
Living Area Units Square Feet
Standard Status Pending
Legal Description 42+/- Acres in STR 13-69N-26W Decatur County IA
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InteriorBasement None
Total Fireplaces 0
Common Walls 1
Fireplace Y/N N
Total Bedrooms 2
Total Baths 1
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ExteriorLot Size Acres 42
Foundation Area 1280
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* Excluded FeaturesList ByMidwest Land Group LlcBroker
wcooper@midwestlandgroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,587
- Monthly Property Taxes
- $136
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyFarm listings in Leon, IA
Average List Price $562,233
Percent of Sale Price 2%
About Leon, IA 1,901 Population
-3% Since 2002
$ 37,656 Median Income
40.07 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
2872932 Elementary School
2872966 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/14/2025 | $575,000 | | Listed Price |