550 Eldo Ln 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.