14720 Old Highway 14, Waseca, MN 56093

$5,500,000

Property Type: Residential Bedrooms: 6 Baths: 9 Square Footage: 11,009 Lot Size (sq. ft.): 3,287,909 Status: Active

Current Price: $5,500,000 List Date: 7/25/2026 Last Modified: 9/19/2026

Overview

Description

Calonett has never been offered for sale. Set on 75 private acres in Waseca, Minnesota, Calonett is one of the Midwest's most remarkable equestrian estates. The property features an 11,000 square foot luxury residence, a heated horse barn with finished living quarters, fenced paddocks, open pasture, and a private six acre stocked pond surrounded by mature trees. Offered publicly for the first time, this extraordinary horse property represents a rare opportunity to own one of Minnesota's premier equestrian farms. For nearly four decades, Calonett was home to Walter Mishek, founder of The Arabian Horse Times. What began in a room above his family's garage in Waseca became the publication of record for the Arabian horse industry. As the magazine grew, so did the estate. The horses and the home evolved together, creating a property where every decision reflects a lifetime devoted to the Arabian breed. The approach sets the tone. A long private drive winds past the pond, with mature tree ... (Read more) Calonett has never been offered for sale. Set on 75 private acres in Waseca, Minnesota, Calonett is one of the Midwest's most remarkable equestrian estates. The property features an 11,000 square foot luxury residence, a heated horse barn with finished living quarters, fenced paddocks, open pasture, and a private six acre stocked pond surrounded by mature trees. Offered publicly for the first time, this extraordinary horse property represents a rare opportunity to own one of Minnesota's premier equestrian farms. For nearly four decades, Calonett was home to Walter Mishek, founder of The Arabian Horse Times. What began in a room above his family's garage in Waseca became the publication of record for the Arabian horse industry. As the magazine grew, so did the estate. The horses and the home evolved together, creating a property where every decision reflects a lifetime devoted to the Arabian breed. The approach sets the tone. A long private drive winds past the pond, with mature trees to one side and rolling pasture to the other, before revealing the residence. Built without compromise, the home showcases Brazilian onyx, handcrafted cherry millwork, and a custom bar beneath mirror finished walls and ceiling. The primary suite lives as a private residence within the home, overlooking the water through a wall of windows. Separate his and hers dressing rooms, a private laundry, and generous living space create a true owner's retreat. Throughout the home are six bedrooms, nine bathrooms, two executive offices, a private gymnasium, a lounge, a sunroom, four separate laundry rooms, and a temperature controlled cold storage room, ideal for wine, furs, seasonal storage, or preserving collectibles. Designed for entertaining on a grand scale, a substantial lower level expansion completed in 2023 introduced an impressive gathering room alongside a commercial style catering kitchen. Behind the scenes, the home's infrastructure is equally exceptional, featuring a passenger elevator, whole house backup generator, zoned in floor radiant heat, and integrated security systems. The heated horse barn offers finished living quarters creating flexibility for guests, trainers, caretakers, or an evolving breeding and training operation. While currently configured for horses, the estate barn is equally compelling as a home for a distinguished automobile collection, specialty vehicles, recreational equipment, creative workshops, or future custom amenities. Like the estate itself, it was built to accommodate both grand ambitions and everyday enjoyment. Yet the defining feature of Calonett is not found in its finishes or amenities. It is the quiet. Morning fog rises from the private pond while horses graze in the nearby paddocks. The only sounds are birds, wind through the trees, and the rhythm of the farm. It is a place built for horses, designed for entertaining, and meant to be experienced. Located in Waseca County in southern Minnesota, Calonett is approximately one hour from Rochester and 30 mins to Mankato, and about seventy minutes from Minneapolis, Saint Paul, and Minneapolis Saint Paul International Airport. This luxury horse farm and private equestrian estate is offered for sale publicly for the very first time, presenting an exceptional opportunity for buyers seeking luxury acreage, equestrian property, or legacy estate in Minnesota.

Open Houses

Saturday, September 26, 12:00 pm - 2:00 pm

Listing Details MLS# 7097563

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: Yes
New Development: No
Number of Fireplaces: 5
Waterfront YN: No
Year Built: 2004
Yearly/Seasonal: Yearly
Zoning: Other, Residential-Single Family
Bath Full: 2
Bath Three Quarters: 4
Bath Half: Yes
Main Floor Total SqFt: 5829
Above Grd Total SqFt: 5829
Below Grd Total SqFt: 5180
Total SqFt: 11009
Total Finished Sqft: 11009.00
FireplaceYN: Yes
Bath Quarter: 2
Style: (SF) Single Family
Foundation Size: 5180
Garage Stalls: 6
Lot Dimensions: irregular
Acres: 75.48
Assessment Pending: Unknown

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Ceiling Fan(s); Deck; Exercise Room; French Doors; Hardwood Floors; Kitchen Center Island; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Panoramic View; Patio; Primary Bedroom Walk-In Closet; Security System; Tile Floors; Vaulted Ceiling(s); Walk-In Closet; Washer/Dryer Hookup; Wet Bar; Other Appliances: Chandelier; Cooktop; Dishwasher; Disposal; Double Oven; Dryer; Freezer; Microwave; Range; Refrigerator; Water Osmosis System; Wine Cooler; Other Assumable Loan: Not Assumable Basement: Full; In-Floor Heat; Storage Space; Other Bath Description: Full Primary; Private Primary; Separate Tub & Shower; Walk-In Shower Stall Construction Status: Previously Owned Dining Room Description: Breakfast Bar; Kitchen/Dining Room; Living/Dining Room; Separate/Formal Dining Room Exterior: Brick/Stone Family Room Characteristics: 2 or More; Entertainment/Media Center; Family Room; Lower Level; Main Level Fireplace Characteristics: Gas Burning Foundation: Poured Concrete Fuel: Natural Gas Heating: Forced Air Laundry: Gas Dryer Hookup; In Basement; Laundry Closet; Laundry Room; Lower Level; Main Level; Other; Washer Hookup Lock Box Type: None Lot Description: Suitable for Horses Outbuildings: Barn(s); Other Property Subtype: Acreage Road Frontage: City Street; County Road; Unpaved Streets Road Responsibility: Public Maintained Road Sellers Terms: Cash; Conventional; Other Sewer: Septic System Compliant - Yes Special Search: 3 BR on One Level; Main Floor Bedroom; Main Floor Laundry; Main Floor Primary; Primary Bdr Suite Stories: One Water: Well

Contract Information

Contingency: None
Original List Price: 5500000
ListPrice: 5500000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 14720
Street Name: Old Highway 14
Postal City: Waseca
County: Waseca
State: MN
Zip Code: 56093

Acreage Information

Pasture Acres: 6.3

Additional Parcels Information

Property ID #2: 120160200

More Information

Assessments

Tax With Assessments: 17002

Building Information

Finished SqFt Above Ground: 5829
Finished SqFt Below Ground: 5180

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 1706

Room Information

Room Name	Dimensions	Level
Bar/Wet Bar Room	25x25	Main
Exercise Room	20x12	Lower
First (1st) Bedroom	21x19	Main
Fourth (4th) Bedroom	15x12	Lower
Game Room	20x20	Lower
Kitchen	20x15	Main
Second Kitchen	20x15	Lower
Laundry	06x04	Main
Laundry	10x08	Lower
Living Room	41x18	Main
Primary Bath	15x12	Main
Media Room	20x12	Lower
Other	10x08	Lower
Second (2nd) Bedroom	15x12	Lower
Third (3rd) Bedroom	15x12	Lower
Storage Room	10x05	Lower
Storage Room	10x05	Lower

Listing Office: Lakes Sotheby's International Realty

Last Updated: September - 19 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

14720 Old Highway 14, Waseca, MN 56093 (MLS# 7097563)