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$900,000

140 Falcon Dr Montezuma, IA 50171

3 beds
3 full, 1 partial
2,508 sqft
2.3 acres
$359 / sqft
House

Property details

About 140 Falcon Dr

Custom Douglas Fir Log Home on 2.27 Acres at Lake Silverado – Montezuma, Iowa Experience lakeside living at its finest in this stunning custom-built Douglas Fir log home by Precision Craft, nestled on a scenic 2.27-acre lot at Lake Silverado. This 3-bedroom, 3-bathroom home offers 2,508 square feet of thoughtfully designed living space with an open floor plan and breathtaking views of the lake. The great room features soaring cathedral ceilings, floor to ceiling stone fireplace and expansive windows that frame the partially wooded landscape, where deer, turkeys, and songbirds are frequent visitors. The gourmet kitchen showcases knotty Alderwood cabinetry, granite countertops, and tile and wood flooring that carries throughout the home. Designed with accessibility in mind, the home offers zero-step entry and wide doorways throughout. The finished walkout lower level opens to a private patio, perfect for entertaining or relaxing in nature. Additional features include a whole-house Kohler generator, shore erosion control, drain tile on the open lot, and a dock with ladder and brackets for paddleboards. Enjoy your own garden with red raspberries, rhubarb, asparagus, onions, and beautifully established native grasses and wildflowers. The property includes a covered two-car carport with footings in place for a future garage, and a 1,025 sq ft detached two-plus car garage with a fully equipped separate apartment. Ideal for a mother-in-law suite or income-generating rental, the apartment includes 1 bedroom, 1 full bath, laundry, full kitchen with custom cabinetry and appliances, an electric on-demand water heater, and a private walk-out covered porch. A rare blend of craftsmanship, privacy, and versatility—this one-of-a-kind lake property is ready to welcome you home. This property has an accepted offer with a 72 hour clause.

Highlights

Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
CoolingCentral Air
Size2,508 sqft
BasementYes
Lot size2.27 Acres
Year built2015
ParkingCarport, Detached, Garage, Guest, Garage Door Opener
MLS #2505847
Garage2 spaces
WaterfrontWaterfront
FireplaceInsert, Family Room, Wood Burning

Summary

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Microwave, Range, Refrigerator, Water Softener, Washer
  • Basement: Yes
  • Interior: Breakfast Bar, Kitchen/Dining Combo, Bath in Primary Bedroom, Main Level Primary, Vaulted Ceiling(s)
  • Fireplace: Insert, Family Room, Wood Burning
  • Total Bedroom Count: 3
  • Garage Space: 2 spaces
  • Parking: Carport, Detached, Garage, Guest, Garage Door Opener
  • Waterfront: Waterfront
  • Exterior: Fence
  • Architectural Style: Ranch
  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • List Price: $900,000
  • Price/SqFt: $358
  • HOA Amount: $1350 Annually
  • Annual Tax Amount: $6,714
  • Tax Year: 2024
  • Lot: Cul-De-Sac, Wooded, Waterfront
  • Year Built: 2015
  • Living Area: 2,508 SqFt
  • Lot Size: 2.27 Acres
  • MLS Number: 2505847
  • MLS Name: CDR
  • Office Name: Realty87
  • Office Phone: (319) 364-8121
  • Office Email: southfrontdesk@realty87.com
  • Listing Agent: Patricia O'Connell

IDXProvided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.
Copyright 2025 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/13/2025, 5:45:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Oct 08, 2012
Home Sold
$32,000

Tax history

YearAssessmentProperty Tax
2024$666,070$6,714
2023$666,070$6,948
2022$577,700$7,006
2021$545,000$6,476

History based on county public records data.

Nearby schools

9

Montezuma Elementary School

Public District PK-5

3.8 mi

504 N 4th St

5

North Mahaska Elementary School

Public District PK-6

9.8 mi

2163 135th St

7

Davis Elementary School

Public District 3-4

11.7 mi

818 Hamilton Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $65,625. Typical income of Montezuma, IA residents is between $35k-100k annually. The majority of families are married, no kids. The most common level of education of people living in this area is high school diploma.

How much money do the neighbors make?

25%
<35k
48%
35k-100k
19%
100k-200k
8%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

28%
Single, No Kids
5%
Single, with Kids
55%
Married, No Kids
12%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

11%
<11 yrs old
6%
12-17 yrs old
11%
18-34 yrs old
48%
35-64 yrs old
24%
65+ yrs old

What do the neighbors do for fun?

  • HuntingHunting
  • NASCARNASCAR
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • DillardsDillards
  • Bass Pro ShopsBass Pro Shops
  • Dick's Sporting GoodsDick's Sporting Goods

Where do the neighbors go to eat?

  • Cracker BarrelCracker Barrel
  • Hardee'sHardee's
  • Texas RoadhouseTexas Roadhouse

What do the neighbors drive?

  • CadillacCadillac
  • GMCGMC
  • SubaruSubaru

What do the neighbors listen to?

  • News/Talk/InformationNews/Talk/Information
  • Classic CountryClassic Country
  • New CountryNew Country
All data provided by Home Junction and Claritas

Similar homes for sale

Frequently asked questions

About 140 Falcon Dr

The listing price of 140 Falcon Dr property is $900,000.

The property 140 Falcon Dr is a house located in Montezuma, Iowa, 50171.

Active Listing: 140 Falcon Dr is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 140 Falcon Dr are: Montezuma Elementary School (GreatSchools Rating 9/10), North Mahaska Elementary School (GreatSchools Rating 5/10), Davis Elementary School (GreatSchools Rating 7/10), Montezuma Junior High School (GreatSchools Rating 4/10), Grinnell Community Middle School (GreatSchools Rating 5/10), Lynnville-Sully Middle School (GreatSchools Rating 9/10), Montezuma High School (GreatSchools Rating 6/10), North Mahaska Jr-Sr High School (GreatSchools Rating 5/10), Brooklyn-Guernsey-Malcom Jr-Sr High School (GreatSchools Rating 5/10).

According to the records, the last property tax for 2024 is $6,714 (source: MLS/based on county public records data).

The last sale was on October 8, 2012 for $32,000 (source: MLS/tax record).

The property at 140 Falcon Dr has 3 bedrooms and 3 full and 1 half bathrooms.

The property 140 Falcon Dr is 2,508 SqFt (source: MLS/tax record).

The year of construction for 140 Falcon Dr is 2015.

This home is located at 140 Falcon Dr in Montezuma, IA and zip code 50171. This 2,508 square foot home, which was built in 2015, sits on a 2.27 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 3, 2025 and is currently priced at $900,000.

In June 2025 more than 0 listings in Montezuma, IA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below. The number of homes for sale in Montezuma, IA decreased by 35.7% between May and June 2025. While the average time on the market in June 2025 was 16 days, the median list price was $433,750.

From Rocket Homes Real Estate and based on county public records data.

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