8494 320th Street Way

Cannon Falls, MN
$ 1,399,000 Beds 5 Baths 3.5 Sq 4,320 Virtual Tour
Monthly Estimate* How much can I afford?

Some properties have a great house. Others have impressive outdoor spaces or the shop everyone wishes they had. This 5+/- acre property near Cannon Falls brings all three together, creating a private country setting built around recreation, entertaining and enjoying time at home.Located on a dead-end road and surrounded by mature timber, the property offers privacy that is noticeable from the moment you arrive. Behind the home, that setting has been transformed into an outdoor entertainment area that gives this property its real wow factor.At the center is an in-ground 20' x 50' swimming pool constructed in fall 2024. The pool features a diving board, basketball hoop, volleyball net, built-in sun deck in the shallow end, swim-out benches in the deep end and a powered cover. Mature timber provides a natural backdrop around the outdoor living area.Overlooking the pool is a 19' x 22' pool house designed for much more than getting out of the sun. The covered entertaining space includes a fireplace, sink, three mini refrigerators, granite countertops, a Memphis wood-fire grill, a Le Griddle stainless flat-top grill and a large storage area.The outdoor setup continues with an 18' x 40' TimberTech deck overlooking the pool and wooded backyard. New deck boards and railing were completed in 2025. Below the deck is an artificial-turf putting green, with additional turf extending east to create a chipping surface. A 7' x 8' Hot Spring Grand hot tub, approximately three years old, provides another outdoor option. A HEOS entertainment system installed within the past two years connects many of the property's gathering spaces, wirelessly serving the pool area, deck and several areas inside the home, including the lower-level entertainment spaces, workout room, game area and dining area.Then there's the 62' x 54' detached shed, a major feature in its own right. Heated and spray-foam insulated throughout, this building goes far beyond equipment storage. A finished man cave and gathering area includes a sink and butcher area, cabinetry, rolling island, sound system and TVs. The building also features a rear walk-in cooler room, built-in hoist and dedicated lawn mower and equipment storage area.The 5+/- acres are surrounded by mature timber, helping create a natural buffer around the home, shop and outdoor living areas. Combined with the dead-end road location, the setting offers a sense of seclusion while remaining convenient to Cannon Falls. The wooded acreage also provides habitat and opportunities for deer and turkey hunting. Built in 2002, the home offers approximately 4,320 finished square feet with five bedrooms, 3.5 bathrooms, a three-car attached garage and a finished walkout lower level. Nearly the entire interior, with the exception of the primary bathroom, was refinished in 2024.The main living area features vaulted ceilings, large windows overlooking the backyard and a floor-to-ceiling stone gas fireplace. Warm wood finishes and stone accents carry throughout much of the updated interior. The kitchen features updated cabinetry, substantial countertop space and a large center island, with an adjoining dining area that takes advantage of the views toward the deck, pool and surrounding timber.Additional main-level spaces include a formal dining room with a stone accent wall, a dedicated office and a walk-in pantry. Two gas fireplaces with stone surrounds are found within the home, and the combination of tall ceilings and large windows brings plenty of natural light into the main living spaces.The finished walkout lower level provides another entertainment area. A custom wet bar includes three mini refrigerators, an ice maker, sink, lighted shelving and a large-screen television, alongside a game area, additional gathering space and a dedicated workout room.

Single Family

  • Price
  • $ 1,399,000
  • City
  • Cannon Falls
  • Bedrooms
  • 5
  • Full Bathrooms
  • 3
  • County
  • GOODHUE
  • Half Bathrooms
  • 1
  • Area
  • Lot Size
  • 5 Acres
  • Zip
  • 55009
  • Sqr Footage
  • 4,320
  • Year Built
  • 2002
  • Taxes
  • $ 7754
  • Style
  • Single Family
  • MLS#
  • 7138054
Listed By: Whitetail Properties Real Estate
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 4320
Sewer Private Sewer
Heating Forced Air
Cooling Central Air
Garage Spaces 3
Pool Features Below Ground
Year Built 2002
Levels Two
Property Subtype Single Family
Tax Year 2025
Accessibility None
County Goodhue
New Construction No
Property Type Residential
HOA No
Contingency None
Other Structures Pole Building
Full Baths 3
Directions From Cannon Falls,Turn left onto County 25 Blvd and stay on it for 1.8 miles,then turn left onto Echo Valley Trail for another half mile. Continue straight onto 320th St Way for 0.2 miles,then turn r
City Cannon Falls
High School District Cannon Falls
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 7754
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
PostalCity Cannon Falls

Interior Features

Basement Finished
Total Fireplaces 2
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 2843
Half Baths 1
Total Bedrooms 5
Below Grade Finished Area 1477
Total Baths 4
Fuel Propane
Garage Square Feet 744

Exterior Features

Parking Features Attached Garage
Water Source Well
Lot Size Area 5
Building Area Total 4520
Waterfront Y/N No
Foundation Area 1677

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Northfield, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/3/2026 Listed $1,399,000

Property vs Zip Code Average in 55009

Price
AVG $570K
$1.4M
Taxes
AVG $3,240
$7,754
Year Built
AVG 1996
2002

8494 320th Street Way Cannon Falls, MN is a Single Family Home for sale at $1399000 with 4320 sqft and a lot size of 5 Acres Acre(s). 8494 320th Street Way Cannon Falls has 5 bedrooms, 3 baths and was built in 2002. The property's zip code is 55009 which is in Cannon Falls, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.