116 E Bay Dr, Madison Lake, MN 56063
OFF MARKET

$861,300

Trulia Estimate
  • 4 Beds
  • 3 Baths
  • 3,328 sqft (on 1.70 acres)

116 E Bay Dr, Madison Lake, MN 56063

Refinance Your Home
Currently Off Market - Sold Aug 15, 2013 for $460,000

Home Value

Trulia Estimate
$861K
Since last month
Decreased$11K (-1.3%)
Since last year
Increased$34K (+4%)
Since last sale
Increased$411K (+89.3%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +67% in the last 10 years
MonthEstimated value
2026
August 2026$871K
July 2026$882K
June 2026$862K
May 2026$847K
April 2026$834K
March 2026$832K
February 2026$818K
January 2026$787K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
22843 Kopps Ln, Madison Lake, MN
0.52
Single-Family Home
$620,000
06/05/26
4
1.5
2,304
925 Melwood Ct, Madison Lake, MN
1.20
Single-Family Home
$509,900
10/17/25
4
3
3,692
46 Lake Ave, Madison Lake, MN
0.93
Single-Family Home
$575,000
06/08/26
5
2
2,184
22400 Lake View Rd, Madison Lake, MN
0.53
Single-Family Home
$409,000
09/11/25
2
1
720
200 Chestnut Ave, Madison Lake, MN
1.15
Single-Family Home
$368,000
06/05/26
4
2.5
2,304
513 Sumac Rd, Madison Lake, MN
1.06
Single-Family Home
$351,000
07/24/26
4
2
2,324
22271 Lakewood Dr, Madison Lake, MN
1.10
Single-Family Home
$870,000
06/24/26
5
3.5
3,726
435 Lilac Ln, Madison Lake, MN
1.19
Single-Family Home
$355,000
07/31/26
4
2
2,220
120 Lake Ave, Madison Lake, MN
1.02
Single-Family Home
$217,000
01/16/26
3
3
1,492
509 Walnut Ave, Madison Lake, MN
1.22
Single-Family Home
$175,000
07/09/26
4
2
2,820

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
118 E Bay Dr, Madison Lake, MN 56063
0.04
$2,026,500
5
4.5
8,096
Off Market
114 E Bay Dr, Madison Lake, MN 56063
0.04
$549,900
-
-
-
For Sale
102 E Bay Dr, Madison Lake, MN 56063
0.21
$936,700
4
2.5
3,080
Off Market
Lake View Rd, Madison Lake, MN 56063
0.40
-
-
-
-
Off Market
22463 Lake View Rd, Madison Lake, MN 56063
0.45
-
-
-
-
Off Market
22843 Kopps Ln, Madison Lake, MN 56063
0.52
$620,000
4
1.5
2,304
Recently Sold
21383 B Oriole Road, Madison Lake, MN 56063
0.67
-
-
-
-
Off Market
10 Lake Ave, Madison Lake, MN 56063
0.84
$675,900
3
3.5
3,769
Off Market
46 Lake Ave, Madison Lake, MN 56063
0.93
$575,000
5
2
2,184
Recently Sold
22011 Oriole Rd, Madison Lake, MN 56063
1.06
$580,200
3
2
2,392
Off Market
513 Sumac Rd, Madison Lake, MN 56063
1.06
$351,000
4
2
2,324
Recently Sold
22271 Lakewood Dr, Madison Lake, MN 56063
1.10
$870,000
5
3.5
3,726
Recently Sold

Local Information

  • Map ViewExplore the area around 116 E Bay Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1999
Lot Size
1.7 acres
Living Area
3,328 sqft
Price/Sqft
$259
Parking
Garage

About this House

One of a kind private lake home with 345 feet of lake shore on Madison Lake in southern Minnesota. Located on a premier 1.7 A landscaped lot this Rambler style walkout has 4 bedrooms plus a unique space with custom built in bunk beds. Enjoy the 3 season fully screened porch or go out onto the very large maintenance free deck overlooking the lake and beautifully landscaped backyard. This home was built to enjoy the lake with large windows all along the back of the home facing the lake. Two fire places, open foyer, wood floors, vaulted ceilings, large aggregate patio, 3 car garage, automatic back up propane fired generator in case you lose power, lawn sprinkler system, professionally landscaped backyard, comes with boat dock with extra sections, and storage shed. The seller has left a majority of the 345 feet of shoreline in its natural state. Call today for your own private showing.
116 E Bay Dr, Madison Lake, MN 56063 is a 4 bedroom, 3 bathroom, 3,328 sqft single-family home built in 1999. It last sold for $460,000 on Aug 15, 2013. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $861,300, with a rent estimate of $2,975/month.

Home Details for 116 E Bay Dr

Interior Features

Interior Details
BasementNumber of Rooms: 6Types of Rooms: Dining Room, Family Room, Laundry RoomWet BarCeiling Fan
Heating & Cooling
Heating: Forced AirAir ConditioningHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Hardwood
Fireplace & Spa
Fireplace
Windows, Doors, Floors & Walls
Double Paned Windows

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Brick, MetalFoundation Type: Masonry
Parking & Garage
GarageParking Spaces: 3Parking: Garage Attached

Property Information

Year Built
Year Built: 1999
Property Type / Style
Property Type: Single Family HomeArchitecture: Ranch / Rambler

Lot Information

Lot Area: 1.70 acres

Price and Tax history

DateEventPrice
Aug 15, 2013
Source: Lake Superior Area Realtors as distributed by MLS GRID #2065585
Sold
$460,000
Jul 15, 2013
Source: Agent Provided
Pending
$495,000
Jul 12, 2013
Source: Agent Provided
PriceChange
$495,000
Price decreased by 6%
Jul 7, 2013
Source: Agent Provided
Listed For Sale
$525,000

Market trends in Madison Lake

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
25
1MoM

Around this home

What Locals Say about Madison Lake

At least 3 Trulia users voted on each feature.

  • 100 % Say people would walk alone at night

  • 91 % Say car is needed

  • 83 % Say parking is easy

  • 80 % Say it's dog friendly

  • 75 % Say streets are well-lit

  • 75 % Say there's wildlife

  • 67 % Say there's holiday spirit

  • 63 % Say yards are well-kept

  • 60 % Say it's walkable to restaurants

  • 43 % Say it's quiet

  • 38 % Say neighbors are friendly

  • 33 % Say kids play outside

  • 33 % Say there are community events

  • 33 % Say they plan to stay for at least 5 years

  • 29 % Say there are sidewalks

  • 14 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • ninarenee13
    "Great neighbors. Love the trees in the back, lots of privacy. The home seems to be built pretty well. There are some negatives, but overall very nice. Garage came sheet rocked but no insulation."
    0
    Flag
  • Ninarenee13
    "Places to walk, open areas. There’s a walking path and many lakes in the close vicinity as well in the city itself. "
    1
    Flag
  • Ninarenee13
    "Super great! To get to Hwy 14 is an easy 3 miles. Traffic can get annoying at times but seriously nothing like the Twin Cities"
    0
    Flag
  • Homebody b.
    "I live by a lake and even though we are in city limits, it feels like the country . people are friendly and we are close to a larger city with many amenities. "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 116 E Bay Dr

  • What is 116 E Bay Dr estimated to be worth?
    Trulia's estimated value for 116 E Bay Dr in Madison Lake, MN is $861,300.
  • What is the price history for 116 E Bay Dr?
    116 E Bay Dr in Madison Lake, MN last sold for $460,000 in August 2013.
  • Is Madison Lake a buyer's or seller's market?
    Madison Lake is currently a balanced market, based on recent for-sale activity.
  • What are the closest schools to 116 E Bay Dr?
    The closest schools to 116 E Bay Dr in Madison Lake, MN are Janesville-Waldorf-Pemberton El.Em. (Pre-K/Elementary, rated 9/10), Janesville-Waldorf-Pemberton Sec (Middle/High, rated 7/10).
  • Does 116 E Bay Dr have laundry facilities?
    Yes, 116 E Bay Dr in Madison Lake, MN has laundry facilities.
  • How big is the lot at 116 E Bay Dr?
    The lot at 116 E Bay Dr in Madison Lake, MN is about 1.7 acres.

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