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Key Real Estate Agency
5757 525th Ave, Moravia, IA 52571
- $707,000
- Sold Price
- $707,000
- List Price
- $742,400
- Closing Date
- Jun 18, 2026
- MLS#
- 6337002
- Acres
- 128
Property Description
128± acre Southern Iowa farm located just north of Iconium in Monroe County, near the Appanoose County line and within 3± miles of Rathbun Lake. This property offers a strong mix of hunting, recreation, and income in a highly regarded area near Moravia and Melrose. The farm includes open land enrolled in CRP, rolling terrain, and diverse timber and brush cover. Habitat consists of older timber and 15–25 year old tree plantings, providing excellent bedding and natural travel corridors that consistently hold deer. Surrounded by larger tracts with limited ownership and low pressure, this area is known for quality whitetail hunting. Two CRP contracts provide approximately $13,561 annually, including 89± acres generating $12,550 (expiring 9-30-2030) and 15.85± acres generating $1,255 (expiring 9-30-2040). Native warm-season grasses enhance both income and wildlife habitat. A 2.5± acre pond offers strong recreational appeal and fishing potential, with two additional ponds on the property. The layout also provides potential building sites with views of the farm, with opportunity for improvement through selective CRP adjustments. Well-rounded farm offering income, hunting, and recreational use with close proximity to Rathbun Lake. Listing Agents/Listing Brokerage Owners are related to the seller.
Additional Information
- Style
- Other
- Lot Size
- 5,575,680
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Listing courtesy of Hawkeye Farm Mgmt & Real Estat. Selling Office: Hawkeye Farm Mgmt & Real Estat.