This could be where you build your dream home! Explore the possibilities on Oakwood Terrace with this vacant lot offering about 77 feet of frontage on Albert Lea Lake. Seller has improved the property with DNR approved grading a path to the shoreline. Purchase this lot individually or consider acquiring the adjacent available lot to create a larger combined property with added space and flexibility. Approximately 5,050 sq ft is believed to be available for building. Buyer to verify all intended uses, utilities, zoning, building requirements and shoreline restrictions.
Active
$35,000
1705 Oakwood Ter, Albert Lea, MN 56007
--beds
--baths
0.33Acres
Unimproved Land
Built in ----
0.33 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 2 days |
- 151 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Lucas Schuster 507-210-4028,
Leland Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7117989
Facts & features
Interior
Features
- Has basement: No
Property
Features
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Deeded Access, Lake Front, Lake View, Waterfront Elevation(40+), Lake Bottom(Soft, Undeveloped)
- Frontage length: Water Frontage: 77
Lot
- Size: 0.33 Acres
- Dimensions: 112 x 143 x 79 x 156
- Features: Additional Land Available, Accessible Shoreline, Irregular Lot, Tree Coverage - Heavy
- Topography: Hilly,Sloped,Walkout
Details
- Parcel number: 343350320
- Zoning description: Residential-Multi-Family,Shoreline,Residential-Single Family
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Available, None Connected, Sewer Available, Storm Sewer Available, Phone Available, Water Available
Community & HOA
Community
- Features: No
- Subdivision: Oak Knoll Sub
HOA
- Has HOA: No
Location
- Region: Albert Lea
Financial & listing details
- Tax assessed value: $60,000
- Annual tax amount: $532
- Date on market: 7/30/2026
- Inclusions: Survey, Survey Stakes
Estimated market value
Not available
Estimated sales range
Not available
$1,015/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/30/2026 | Listed for sale | $35,000-12.3% |
Source:  NorthstarMLS as distributed by MLS GRID #7117989 Report a problem | ||
| 12/31/2016 | Listing removed | $39,900 |
Source: Ron Holtan Real Estate #4059834 Report a problem | ||
| 8/5/2016 | Price change | $39,900 |
Source: Ron Holtan Real Estate #4059834 Report a problem | ||
| 6/15/2016 | Listed for sale | -- |
Source: Ron Holtan Real Estate #4059834 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $908 -1.1% | $60,000 +233.3% |
| 2024 | $918 +12.2% | $18,000 |
| 2023 | $818 +282.2% | $18,000 +81.8% |
| 2022 | $214 | $9,900 |
| 2021 | $214 | $9,900 |
| 2020 | $214 -56.5% | $9,900 |
| 2019 | $492 | -- |
| 2018 | $492 -33.3% | -- |
| 2016 | $738 +3.7% | -- |
| 2015 | $712 | -- |
| 2014 | $712 +24% | -- |
| 2012 | $574 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 56007
Nearby schools
GreatSchools rating
- 6/10Halverson Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 4/10Southwest Middle SchoolGrades: 6-7Distance: 3 mi
- 6/10Albert Lea Senior High SchoolGrades: 8-12Distance: 3.4 mi
- $35,0000.33 Acres1701 Oakwood Ter, Albert Lea, MN 56007Lot/Land
- $360,0003 bd2 ba1.5k sqft1709 Oakwood Ter, Albert Lea, MN 56007Sold
- $216,9002 bd2 ba1.8k sqft1701 S Shore Dr, Albert Lea, MN 56007Off Market
- $218,1004 bd1 ba1.5k sqft1705 S Shore Dr, Albert Lea, MN 56007Off Market
- $--0.66 Acres1701/1705 Oakwood Ter, Albert Lea, MN 56007Off Market
- $368,0003 bd1 ba1.9k sqft1713 Oakwood Ter, Albert Lea, MN 56007Off Market
- $130,2004 bd1 ba1k sqft1709 S Shore Dr, Albert Lea, MN 56007Off Market
- $212,900-- bd-- ba-- sqft1643 S Shore Dr, Albert Lea, MN 56007Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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