This remarkable southeast Iowa property has a private lake, a Morton-built barndominium, CRP income, phenomenal hunting and fishing, and a premier future building site! It’s conveniently located between Donnellson and Argyle, just two miles west of Highway 27—which is perfect for southeast Iowa buyers and those who need to be near northern Missouri or Western Illinois! Approximately 75 acres are in the Conservation Reserve Program, which pays $140 per acre or about $10,500 annually. These fields are in beautiful native warm-season grass, which is excellent for wildlife, especially pheasants and quail. The CRP has been well-managed, with established green firebreaks that give an architectural look while allowing efficiency for prescribed burning. A flat driveway leads to a secluded barndominium that overlooks a stocked lake! Constructed in 2009, the 30-foot deep lake has silt retention pipes for water quality, a large dam, a pier-like peninsula for casting, and a dock. There's also a stocked pond north of the lake. The Morton building is a two-bedroom, one-bathroom with a heated shop. It has rural water, high-speed internet, and oversupplied utility services. The utilities are here if you want to build a new home on the perfect hillside that overlooks the lake. Two 20x20 open sheds provide additional vehicle and equipment storage. While the fishing is phenomenal, the property offers excellent hunting opportunities for pheasants, quail, small game, turkeys, and whitetails.