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$349,000
3 Beds ⋅ 2 Baths ⋅ 6344065 MLS
Whether you are looking for a primary, secondary, or investment home, this home fits every bucket! Currently situated in the town of Rathbun just 2 miles from Rathbun Lake and surrounded by over 15,000 acres of public hunting ground. It is currently being used as a second home and an airbnb/VRBO. It has generated $12,000 in short term rental income since being first listed in May 2026. That's an average of around $2,000 in income potential each month! This beautiful 3 bedroom was newly built in 2024 and boasts a 1280 sq ft heated garage. Plenty of room for vehicles and toys. Luxury vinyl plank waterproof flooring throughout all the home making it easier to maintain. The open kitchen is a great place for entertaining and offers beautiful quartz countertops and a large island all within a close view of the living room and fireplace. Enjoy lower maintenance with all appliances, HVAC, plumbing, electrical, and exterior all brand new in 2024. Primary home? Lake home? Hunting cabin? Investment home? Second home? Tons of possibility and opportunity!

412 Elm, Rathbun

Listing courtesy of Summit Realty LLC.

101 Coal Valley Ln, Exline
$398,000
3 Beds ⋅ 2 Baths ⋅ 6343457 MLS
Step inside and experience the difference quality makes at 101 Coal Valley Lane! This exceptional 3-bedroom, 2-bath ranch offers 1,546 sq. ft. of beautifully designed, energy-efficient living with a peaceful pond view and an impressive list of upscale features. From the moment you enter, you'll notice the attention to detail—from vaulted ceilings and premium Marvin windows to Bertch cabinetry, quartz countertops, and high-end luxury vinyl plank flooring. The inviting living room is anchored by an elegant electric fireplace, creating the perfect place to relax or entertain. Thoughtfully designed for today's lifestyle, the home also offers a spacious pantry, built-in storm shelter, and oversized 2-car attached garage. Quality construction, modern luxury, and easy one-level living come together in a home that truly feels special. Come see why this one deserves to be at the top of your list!

101 Coal Valley Ln, Exline

Listing courtesy of Hometown Realty.

17686 215th Ave, Centerville
$370,000
3 Beds ⋅ 2 Baths ⋅ 6342928 MLS
Escape to your own private retreat on this peaceful acreage just outside Centerville, complete with a stocked pond and room to roam. This well-designed split-level home offers 3 bedrooms, 2 full baths, and a thoughtful layout that balances comfortable everyday living with space to entertain. The heart of the home is a bright sunroom anchored by a cozy fireplace — the perfect spot to watch the seasons change over the pond, morning coffee in hand or unwinding after a long day. The split-level design creates natural separation between living spaces, giving everyone room to spread out. Outside, the acreage offers space for gardening, livestock, hobby farming, or simply enjoying wide-open country views. The pond adds a serene focal point, ideal for fishing, wildlife watching, or quiet evenings by the water. Located just outside Centerville, close to Rathbun Lake, you'll enjoy coming home to your own slice of rural Iowa. Don't miss this rare opportunity to own an acreage with a pond, character, and comfort — schedule your showing today.

17686 215th Ave, Centerville

Listing courtesy of Key Real Estate Agency.

16494 233rd Ave, Centerville
$359,000
3 Beds ⋅ 2 Baths ⋅ 6341802 MLS
Reduced and a Great Price! Unique Lake-Country Retreat! Enjoy 3.40 acres M/L in Beck’s Owl Subdivision, conveniently located between Centerville and Moravia and just a short drive to Rathbun Lake! This unique 3-bedroom, 2-bath home features a spacious primary suite with soaking tub, walk-in shower, and large walk-in closet, plus two lower-level bedrooms, laundry, and a second walk-in shower. Outdoor living is exceptional with two four-season porches, a beautiful pavilion, stamped concrete, extensive landscaping, aromatic cedar privacy fencing, dog and pasture fencing, and a barn. Enjoy two wood-burning fireplaces—one inside and one outside surrounded by beautiful stonework. With beautiful views, acreage, privacy, and easy access to the lake, this is truly a lake lover’s dream getaway!

16494 233rd Ave, Centerville

Listing courtesy of Real McCoy Realty LLC.

312 & 316 N 12th St, Centerville
$385,000
6341417 MLS
Prime mixed-use investment opportunity on the historic Centerville Square! This substantial property offers approximately 15,040 sq. ft., featuring 7,520 sq. ft. of main-level commercial space and seven apartments above. The commercial space was previously used as an appliance store and offers excellent flexibility for retail, office, service, or other business opportunities. The seven apartments provide additional income-producing potential, making this an attractive opportunity for investors or owner-users. With its prominent location on the historic Centerville Square, this property offers excellent visibility and a unique opportunity to own a large mixed-use building in the heart of Centerville.

312 & 316 N 12th St, Centerville

Listing courtesy of Hometown Realty.

19036 520th St, Centerville
$365,000
3 Beds ⋅ 2 Baths ⋅ 6340076 MLS
Escape to the perfect blend of country living and convenience with this beautifully updated 3-bedroom, 1¾-bath home situated on 9.5 picturesque acres. Whether you're dreaming of a hobby farm, space for livestock, or simply enjoying peaceful rural living, this property offers endless possibilities. With this property, you'll find numerous recent updates. Just to name a few would be a new roof, new windows, a new wood-burning stove, and a completely remodeled kitchen that combines modern style with everyday functionality. These improvements provide comfort, efficiency, and peace of mind for years to come. Outside, the property is equally impressive with a spacious workshop shed that's perfect for projects, equipment storage, or hobbies. Livestock owners will appreciate the well-maintained loafing sheds, making this property ready for horses, cattle, or other animals. With 9.5 acres of open space, there's plenty of room to expand, explore, and enjoy the outdoors. Conveniently located just a few miles from town, this property offers the tranquility of country living while keeping shopping, schools, and everyday amenities within easy reach. If you've been searching for an updated acreage with the perfect balance of comfort, functionality, and rural charm, this is one you won't want to miss.

19036 520th St, Centerville

Listing courtesy of Rooted Real Estate & Auction.

17587 Lakeshore Dr, Moravia
$399,000
4 Beds ⋅ 2 Baths ⋅ 6339964 MLS
Welcome to 17587 Lakeshore Drive, Moravia IA—an exceptional ranch home offering quality construction, modern updates, and an unbeatable location backing directly to a protected Wildlife Refuge at Rathbun Lake. Built in 2012, this 4-bedroom, 2-bath home features 1,098 sq. ft. on the main level plus a fully finished 1,098 sq. ft. walk-out basement, providing over 2,100 sq. ft. of finished living space. The beautifully updated kitchen showcases custom cabinetry, quartz countertops, and newer appliances, while durable 3/4" COREtec flooring flows throughout the main level. Relax year-round in the 12' x 23' screened porch complete with a hot tub and enjoy peaceful views with no backyard neighbors. The walk-out lower level features a high-efficiency pellet stove for added comfort and energy savings. A spacious mudroom/pantry includes a wine fridge and abundant storage. Exterior upgrades an oversized garage with a 14-foot door capable of accommodating up to a 25-foot boat. The garage also offers large attic storage plus a lower-level storage area perfect for lawn equipment. An additional 0.2-acre lot provides extra outdoor space for recreation or future possibilities. Located just minutes from boat ramps, beaches, golf course, restaurants and Honey Creek Resort. Don't miss this opportunity to own a beautifully maintained home in one of southern Iowa's most sought-after lake communities. Located in Lakeshore Heights at Rathbun Lake.

17587 Lakeshore Dr, Moravia

Listing courtesy of Iowa Realty South Lakes.

33284 582nd St, Moulton
$335,000
3 Beds ⋅ 2 Baths ⋅ 6339440 MLS
Welcome to your own slice of paradise just outside of Moulton! Nestled on 10 picturesque acres in a peaceful rural setting with convenient access right off Highway 202, this charming 3-bedroom, 2 bath home offers the perfect blend of country living and modern updates. From the moment you arrive, you'll fall in love with the home's warmth and character, both inside and out. The property has seen numerous interior and exterior improvements, including a new furnace installed in 2025, making it move in ready and comfortable for years to come. Outside, the possibilities are endless. A new 2 car detached garage provides ample parking and storage, while the impressive 60' x 100' steel building with electricity is ideal for equipment, hobbies, a workshop, or agricultural use. Two 3,500-bushel grain bins add valuable functionality for farming operations. Livestock enthusiasts will appreciate the calf lot and new barbed wire fencing, making this property perfectly suited for 4-H, FFA, hobby farming, or expanding an existing operation. Whether you're looking for a peaceful country retreat, a working acreage, or a place to enjoy the beauty of rural Iowa, this exceptional property offers the space, versatility, and charm you've been searching for. Don't miss your opportunity to own this one-of-a-kind country home where comfort, functionality, and country living come together.

33284 582nd St, Moulton

Listing courtesy of Bogle Realty LLC.

196 Lakeview Dr, Melrose
$345,000
3 Beds ⋅ 3 Baths ⋅ 6336555 MLS
MOTIVATED SELLERS! This one-of-a-kind double A-frame home overlooking Rathbun Lake located in the Wind-n-Waves subdivision is ready for your touch! This 3 bed/3 bath home has plenty of open space for entertaining and the finished basement features a large bedroom, bath, laundry and sauna. There are large cedar-lined closets throughout, a walk-in pantry and small utility room right off the kitchen, as well as a wood-burning fireplace. Decks on both levels of the home make for beautiful views of the surrounding area and even a peek at Rathbun Lake!! The 36 x 45 oversized garage with a 12 foot door is wired for 220v, has a loft for storage, water, and is large enough to accommodate an RV/camper in addition to all your other toys and tools. There is also a 22 x 24 garage with a wood closet closer to the home for parking and storage as well as a partially fenced in yard! This property is backed up by a whole house 20KW generator with automatic transfer switch covering the whole home and both garages. The home has 4 fruit trees, a grape arbor, and the Purple Martin houses come with spring/summer inhabitants for those bird lovers out there!

196 Lakeview Dr, Melrose

Listing courtesy of Iowa Realty South Lakes.

23332 590th St, Cincinnati
$377,500
5 Beds ⋅ 2 Baths ⋅ 6335825 MLS
Newer 2-story home offering approximately 2,400 sq. ft. of well-designed living space on 11.65 acres m/l. This 5-bedroom, 2-bathroom home features an open layout filled with natural light, creating a bright and welcoming atmosphere throughout the main living areas. The spacious design provides flexibility for families, guests, or home office needs. In addition to the attached garage, the property includes a detached garage and an outbuilding—ideal for storage, workshop space, equipment, or hobby use. Set up perfectly for a small hobby farm, the 11.65 acres offer open space for livestock, gardening, or recreational use. A small pond adds to the peaceful setting and country charm. Enjoy the privacy, space, and versatility this property has to offer while still having the convenience of a newer-built home.

23332 590th St, Cincinnati

Listing courtesy of Bogle Realty LLC.

19958 Belle Vista Cir, Centerville
$359,000
3 Beds ⋅ 2 Baths ⋅ 6334788 MLS
Don't miss this exceptional opportunity to own a new custom-built finished home. Situated in Centerville, IA. This spacious 1700+ sq ft open floor plan, ranch-style home with attached 2 car garage (30x30) is ideal. Featuring 3 bedrooms and 2 baths. This home is move in ready! Primary bedroom suite. 2 additional bedrooms. Beautiful cabinetry and lighting fixtures. In-floor heating. Central Air. Enjoy the benefits of a desirable neighborhood located on Bella Vista Circle. There is a tax abatement available on this home. Additional lot can be purchased for additional $25,000. . Contact First Class Properties listing agents Jared Williams at 660-216-3722 or Mary Williams, Broker, at 660-734-0506 .

19958 Belle Vista Cir, Centerville

Listing courtesy of First Class Properties.

20147 Hwy 2, Centerville
$399,000
3 Beds ⋅ 3 Baths ⋅ 6333065 MLS
Price Improvement! Charming Brick Ranch on 1.25 Acres (M/L) with a 48' x 40' Utility Building – Prime Highway Location. This beautifully maintained brick ranch-style home sits on a picturesque 1.25-acre (more or less) lot and has been lovingly cared for by one family. Featuring 3 spacious bedrooms, 2.5 baths, and a warm, inviting sunroom, this home offers both comfort and charm in a serene setting. Enjoy stunning views and abundant wildlife from your backyard oasis. Inside, the home boasts custom Brookhaven cabinetry throughout, along with elegant Corian countertops. The sun-filled kitchen is a cook’s dream, offering ample counter space, pull-out shelving, and a convenient built-in desk—perfect for staying organized or working from home. With its prime highway location with a shop, thoughtful design, and timeless quality, this property is a rare find. Schedule a showing of this acreage soon.

20147 Hwy 2, Centerville

Listing courtesy of Real McCoy Realty LLC.

21468 240th Ave, Centerville
$335,000
4 Beds ⋅ 2 Baths ⋅ 6332071 MLS
This stunning country brick home sits on 12.7 acres M/L of beautiful, usable land—perfect for a hobby farm close to town conveniences. This spacious home features 4 bedrooms and 2 bathrooms, with the entire upstairs newly renovated to include additional bedrooms, a modern bathroom, and a large family room. Inside, you’ll find gorgeous original hardwood floors , and charming built-ins with French doors that add timeless character. A large picture window frames breathtaking views of the surrounding countryside. The property also includes a classic heritage hip-roof barn—ideal for storage or animals—along with a detached garage and multiple outbuildings for added versatility. Don’t miss this rare opportunity to own a beautifully updated home on acreage—hobby farms like this are always in high demand! Added bonus its just a short distance to town!

21468 240th Ave, Centerville

Listing courtesy of Bogle Realty LLC.

708 N 18th St, Centerville
$360,000
6331785 MLS
4,500 sq ft commercial building located near local shopping areas on the north side of Centerville, IA, just off Hwy 5. The property is offered as a building-only sale (businesses not included) and is fully leased, making it an excellent income-producing investment.The building is divided into two rental units. Unit One features office space, storage, and two bathrooms with showers, while Unit Two offers a storage area and one bathroom. Both units are currently occupied, with tenants including Snap Fitness and a spa facility, providing steady rental income for the new owner. With strong tenants, well maintained property with 16 parking spots and a convenient location near Hwy 5, this property is a solid commercial investment opportunity.

708 N 18th St, Centerville

Listing courtesy of Bogle Realty LLC.

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