Rare opportunity to own one of Southern Minnesota's great lake homes. Unparalleled lakefront living with panoramic views of Fountain Lake with this stunning 3 bedroom, 4 bathroom home. Designed by a Beverly Hills based designer of celebrity kitchens and living spaces, this home is built for entertaining friends and quiet times with family. The chef's kitchen opens to a spectacular great room with soaring ceilings and a wall of windows that includes a dining area, family room, and living room all with lake views. The home sits on the point of Edgewater Bay which provides both privacy and spectacular lake views. Take advantage of touring this home and take the first step to enjoying lakeside living.
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$732,852
1516 Bay Oaks Dr, Albert Lea, MN 56007
3beds
5,175sqft
Single Family
Built in 1980
0.45 Acres Lot
$741,500 Zestimate®
$142/sqft
$1,977 Estimated rent
Home value
$741,500
Estimated sales range
Not available
$1,977/mo
Zestimate® history
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Wall of windowsFamily roomDining area
Zillow last checked:
Listing updated:
Listed by:
Craig Hoium 507-473-3048,
Century 21 Atwood
Bought with:
Craig Hoium
Century 21 Atwood
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6638372
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 2
Bedroom
- Level: Main
- Area: 300 Square Feet
- Dimensions: 20' x 15'
Bedroom 2
- Level: Lower
- Area: 195 Square Feet
- Dimensions: 15' x 13'
Bedroom 3
- Level: Lower
- Area: 165 Square Feet
- Dimensions: 15' x 11'
Primary bathroom
- Level: Main
- Area: 210 Square Feet
- Dimensions: 21' x 10'
Bathroom
- Level: Main
- Area: 20 Square Feet
- Dimensions: 5' x 4'
Bathroom
- Level: Lower
- Area: 72 Square Feet
- Dimensions: 9' x 8'
Bathroom
- Level: Main
- Area: 20 Square Feet
- Dimensions: 5' x 4'
Dining room
- Level: Main
- Area: 204 Square Feet
- Dimensions: 17' x 12'
Family room
- Level: Lower
- Area: 961 Square Feet
- Dimensions: 31' x 31'
Great room
- Level: Main
- Area: 432 Square Feet
- Dimensions: 27' x 16'
Kitchen
- Level: Main
- Area: 902 Square Feet
- Dimensions: 41' x 22'
Laundry
- Level: Main
- Area: 60 Square Feet
- Dimensions: 10' x 6'
Living room
- Level: Main
- Area: 440 Square Feet
- Dimensions: 22' x 20'
Sauna
- Level: Lower
- Area: 176 Square Feet
- Dimensions: 22' x 8'
Sun room
- Level: Lower
- Area: 170 Square Feet
- Dimensions: 17' x 10'
Walk in closet
- Level: Main
- Area: 80 Square Feet
- Dimensions: 16' x 5'
Heating
- Forced Air, Fireplace(s), Space Heater
Cooling
- Central Air
Appliances
- Included: Air-To-Air Exchanger, Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Refrigerator, Washer, Water Softener Owned
- Laundry: Electric Dryer Hookup, Laundry Room, Main Level, Sink, Washer Hookup
Features
- Basement: Daylight,Drain Tiled,Drainage System,8 ft+ Pour,Egress Window(s),Finished,Full,Partially Finished,Tile Shower,Walk-Out Access
- Number of fireplaces: 3
- Fireplace features: Double Sided, Brick, Family Room, Fireplace Footings, Gas, Living Room, Stone, Wood Burning
Interior area
- Total structure area: 5,175
- Total interior livable area: 5,175 sqft
- Finished area above ground: 2,624
- Finished area below ground: 1,862
Property
Parking
- Total spaces: 3
- Parking features: Attached, Concrete, Floor Drain, Garage, Garage Door Opener, Heated Garage, Insulated Garage, Storage
- Attached garage spaces: 3
- Has uncovered spaces: Yes
- Details: Garage Dimensions (32 x 28)
Accessibility
- Accessibility features: Partially Wheelchair
Features
- Levels: One
- Stories: 1
- Patio & porch: Composite Decking, Deck, Glass Enclosed, Patio, Porch, Rear Porch
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: Bay, East, North, South
- Has water view: Yes
- Water view: Bay
- Waterfront features: Lake Front, Waterfront Elevation(15-26), Lake Bottom(Undeveloped)
- Frontage length: Water Frontage: 125
Lot
- Size: 0.45 Acres
- Dimensions: 125' x 195'
- Features: Accessible Shoreline, Tree Coverage - Medium
- Topography: Sloped,Walkout
Details
- Foundation area: 2874
- Parcel number: 341580050
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Frame
- Roof: Shake,Age Over 8 Years,Wood
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Electric: Circuit Breakers, 200+ Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
- Utilities for property: Underground Utilities
Community & HOA
HOA
- Has HOA: No
Location
- Region: Albert Lea
Financial & listing details
- Price per square foot: $142/sqft
- Tax assessed value: $788,500
- Annual tax amount: $11,592
- Date on market: 12/10/2024
- Cumulative days on market: 458 days
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/23/2026 | Sold | $732,852-13.8%$142/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6638372 Report a problem | ||
| 3/18/2026 | Pending sale | $849,900$164/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6638372 Report a problem | ||
| 6/6/2025 | Price change | $849,900-5.6%$164/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6638372 Report a problem | ||
| 4/28/2025 | Price change | $899,900-5.3%$174/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6638372 Report a problem | ||
| 12/10/2024 | Listed for sale | $949,900$184/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6638372 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,848 +1.6% | $788,500 +9.6% |
| 2024 | $11,658 +14.4% | $719,200 -1.3% |
| 2023 | $10,190 -2.2% | $728,700 +13.2% |
| 2022 | $10,416 +5.6% | $643,700 +14.3% |
| 2021 | $9,868 | $563,100 -1% |
| 2020 | $9,868 +6.3% | $568,600 |
| 2019 | $9,284 | -- |
| 2018 | $9,284 +11.8% | -- |
| 2016 | $8,306 +2.6% | -- |
| 2015 | $8,098 +0.2% | -- |
| 2014 | $8,080 +11.6% | -- |
| 2012 | $7,242 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Neighborhood: 56007
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Nearby schools
GreatSchools rating
- 5/10Sibley Elementary SchoolGrades: PK-5Distance: 1.5 mi
- 4/10Southwest Middle SchoolGrades: 6-7Distance: 1.5 mi
- 6/10Albert Lea Senior High SchoolGrades: 8-12Distance: 2.3 mi
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- Minnesota
- Freeborn County
- Albert Lea
- 56007
- 1516 Bay Oaks Dr
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