Rare opportunity to own approximately 126 acres of productive farmland and recreational property in Madison, Ohio. This versatile property offers an excellent combination of approximately 56 acres of tillable ground, mature timber, scenic wooded ravines, and multiple small creeks that provide natural water sources for wildlife and enhance the property's beauty. The wooded acreage offers outstanding habitat for whitetail deer, wild turkey, and other native wildlife, making it an excellent recreational property for hunting, hiking, and enjoying the outdoors. The combination of tillable acreage, timber, rolling terrain, and water creates a diverse landscape with year-round appeal. The property includes two homes. One home is considered a tear-down, while the second is an approximately 1,810-square-foot, two-bedroom, one-bath residence. The home appears to have solid structural bones but will require remodeling and updates, offering an opportunity for a buyer to customize it as a primary residence, weekend getaway, or farm headquarters. An Agricultural Easement is in place, helping preserve the property's agricultural use. As a result, the property cannot be subdivided. Buyers should review the easement and any applicable restrictions to determine suitability for their intended use. Conveniently located in Madison, this property offers a peaceful rural setting while remaining close to local amenities, Lake Erie, parks, shopping, wineries, and major roadways. Whether you are looking for productive farmland, recreational acreage, a hunting property, or a long-term land investment, this property offers a unique combination of agricultural productivity, natural beauty, and outdoor recreation in Lake County.
Vacant landProperty Type
126.28 acresLot Size
$8,901Price/Acres
1 spaceParking
Listed by Jeremy Schaefer• Whitetail Properties Real Estate LLC
Listed by Mark Zimmerman• Whitetail Properties Real Estate LLC
Andrew Guanciale • Coldwell Banker Realty, (740) 366-3318
Around this home
Schools
K - 12
Preschool & daycare
Red Bird Elementary School
Public K-5 • Assigned • 2.6mi
7/10
Madison Middle School
Public 6-8 • Assigned • 4.5mi
5/10
Madison High School
Public 9-12 • Assigned • 4.4mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Property details
Exterior
Exterior features
Property includes multiple parcels (7 separate lots)
Parking
Driveway
Utilities
Well water
Septic tank
Sale and tax history for 5201 Emerson Rd
Sale History
Tax History
Date
Event
Price
MLSNOW #5227210
Sep 2, 2026
Pending
—
Jul 13, 2026
Listed
$1,124,000
Public Records
Apr 4, 2017
Sold
$400,000
Year
Property tax
Land + Additions
Assessment*
2025
$4,281 (+1.6%)
$12,910 + $71,060
$83,970
2024
$4,215 (+12.1%)
$12,910 + $71,060
$83,970
2023
$3,760 (−0.4%)
$10,400 + $50,170
$60,570
2022
$3,776 (−0.2%)
$10,400 + $50,170
$60,570
2021
$3,783 (+22.0%)
$10,400 + $50,170
$60,570
2020
$3,101
$8,970 + $34,780
$43,750
2019
$3,103 (−13.3%)
$8,970 + $34,780
$43,750
2018
$3,580 (+55.3%)
$8,970 + $43,250
$52,220
2017
$2,304
$10,630 + $31,330
$41,960
Public record
Beds
2
Baths
1
Stories
2
Lot width
—
Lot depth
—
Lot size
1.37 Acres
Year renovated
1983
Finished Sq. Ft.
1,810
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,810
Year built
1960
Style
Single Family Residential
County
Lake County
APN
01A0610000090
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 25, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 95° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Madison, OH • 44057
Average low and high temperatures (°F)
30
17
36
21
53
34
62
42
66
49
79
61
82
66
77
60
75
56
64
47
51
39
39
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
100/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 8% for direct sun exposure in Madison. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5201 Emerson Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $290,000 and $660,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $290K to $660K.