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PendingPrice cut: $25K (9/1)
$699,900
4beds
3,120sqft

20482 Lord Rd, Merrifield, MN 56465

4beds
3,120sqft
Single family
Built in 1995
9.45 Acres
3 Attached garage spaces
$224 price/sqft

What's special

Direct mississippi river accessDetached garageBreathtaking panoramic viewsDramatic floor-to-ceiling stone fireplaceAbundant wildlifeMature woodsSoaring vaulted ceilings

Discover what may be the best on-water luxury value in the Brainerd Lakes Area, located on the scenic Mississippi River waterway with direct access to Rice Lake. This rare estate offers nearly 10 heavily wooded acres, approximately 330 feet of river frontage, privacy, recreation, luxury, and incredible investment potential just minutes from Brainerd. The newly renovated 3,000+ sq. ft. home showcases breathtaking panoramic views, abundant wildlife, soaring vaulted ceilings, expansive windows, a dramatic floor-to-ceiling stone fireplace, and high-end finishes throughout. The custom gourmet kitchen features a truly one-of-a-kind Butler’s Pantry and flows into the open-concept living space, leading to an expansive wraparound deck overlooking the river and private pond. The luxurious primary suite offers beautiful pond and nature views, oversized walk-in closet, private laundry, and spa-inspired five-piece bath. The lower level includes a spacious family room, three additional bedrooms, full bath, and second laundry area, ideal for guests or multi-generational living. An oversized finished three-stall attached garage plus detached garage provide abundant room for vehicles, boats, ATVs, and recreational toys. Enjoy mature woods, excellent hunting, hiking, direct Mississippi River access, and a short boat ride to Rice Lake. Whether used as a year-round residence, luxury retreat, recreational getaway, or investment property, this is an exceptional opportunity. Luxury waterfront acreage, privacy, river access, and development potential at this level are rarely available—especially at this value.

172 days
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1,920
|
101
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Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7041793MLS Logo
Travel times

Living Room

Kitchen

Primary Bedroom

Zillow last checked:

Listing updated:

Listed by:

Chad Schwendeman 218-831-4663,

eXp Realty,

Jeffrey Isom 218-330-4683

Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7041793MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 3/4 bathrooms: 1
Bedroom
  • Level: Upper
  • Area: 306 Square Feet
  • Dimensions: 18x17
Bedroom 2
  • Level: Lower
  • Area: 156 Square Feet
  • Dimensions: 13x12
Bedroom 3
  • Level: Lower
  • Area: 169 Square Feet
  • Dimensions: 13x13
Bedroom 4
  • Level: Lower
  • Area: 165 Square Feet
  • Dimensions: 15x11
Primary bathroom
  • Level: Upper
  • Area: 120 Square Feet
  • Dimensions: 12x10
Bathroom
  • Level: Upper
  • Area: 49 Square Feet
  • Dimensions: 7x7
Bathroom
  • Level: Lower
  • Area: 104 Square Feet
  • Dimensions: 8x13
Dining room
  • Level: Upper
  • Area: 140 Square Feet
  • Dimensions: 14x10
Family room
  • Level: Lower
  • Area: 532 Square Feet
  • Dimensions: 28x19
Foyer
  • Level: Main
  • Area: 144 Square Feet
  • Dimensions: 12x12
Kitchen
  • Level: Upper
  • Area: 182 Square Feet
  • Dimensions: 14x13
Living room
  • Level: Upper
  • Area: 255 Square Feet
  • Dimensions: 15x17
Utility room
  • Level: Lower
  • Area: 78 Square Feet
  • Dimensions: 13x6
Walk in closet
  • Level: Upper
  • Area: 132 Square Feet
  • Dimensions: 12x11
Heating
  • Forced Air, Fireplace(s)
Cooling
  • Central Air
Appliances
  • Included: Dryer, Microwave, Range, Refrigerator, Washer
  • Laundry: Lower Level, Main Level, Washer Hookup
Features
  • Basement: Block,Drainage System,Finished,Sump Pump
  • Number of fireplaces: 1
  • Fireplace features: Electric
Interior area
  • Total structure area: 3,220
  • Total interior livable area: 3,120 sqft
  • Finished area above ground: 1,720
  • Finished area below ground: 1,400

Property

Parking
  • Total spaces: 3
  • Parking features: Attached, Detached Garage, Gravel, Concrete, Garage, Garage Door Opener, Insulated Garage, Multiple Garages
  • Attached garage spaces: 3
  • Has uncovered spaces: Yes
  • Details: Garage Dimensions (29x33), Garage Door Height (9), Garage Door Width (9)
Accessibility
  • Accessibility features: None
Features
  • Levels: One and One Half
  • Stories: 1.5
  • Patio & porch: Deck, Wrap Around
  • Pool features: None
  • Fencing: None
  • Has view: Yes
  • View description: River
  • Has water view: Yes
  • Water view: River
  • Waterfront features: River Front, Waterfront Elevation(4-10), Lake Bottom(Soft, Undeveloped)
  • Frontage length: Water Frontage: 330
Lot
  • Size: 9.45 Acres
  • Features: Tree Coverage - Medium
Details
  • Additional structures: Garage(s)
  • Foundation area: 1720
  • Parcel number: 53050517
  • Zoning description: Residential-Single Family
  • Other equipment: Fuel Tank - Rented

Construction

Type & style
  • Home type: SingleFamily
  • Property subtype: Single Family
Materials
  • Block, Concrete, Frame
  • Roof: Age 8 Years or Less,Architectural Shingle
Condition
  • New construction: No
  • Year built: 1995

Utilities & green energy

  • Electric: Circuit Breakers, 200+ Amp Service
  • Gas: Electric, Propane
  • Sewer: Private Sewer, Septic System Compliant - Yes, Tank with Drainage Field
  • Water: 4-Inch Submersible, Drilled, Private, Well

Community & HOA

HOA
  • Has HOA: No
Location
  • Region: Merrifield

Financial & listing details

  • Price per square foot: $224/sqft
  • Tax assessed value: $460,000
  • Annual tax amount: $2,400
  • Date on market: 3/24/2026
  • Cumulative days on market: 577 days

Price history

DateEventPrice
9/10/2026Pending sale$699,900$224/sqft
Source: NorthstarMLS as distributed by MLS GRID #7041793 Report a problem
9/1/2026Price change$699,900-3.4%$224/sqft
Source: NorthstarMLS as distributed by MLS GRID #7041793 Report a problem
8/17/2026Price change$724,900-3.2%$232/sqft
Source: NorthstarMLS as distributed by MLS GRID #7041793 Report a problem
8/5/2026Price change$748,900-0.1%$240/sqft
Source: NorthstarMLS as distributed by MLS GRID #7041793 Report a problem
6/20/2026Price change$749,900-6.3%$240/sqft
Source: NorthstarMLS as distributed by MLS GRID #7041793 Report a problem
6/3/2026Price change$799,900-3%$256/sqft
Source: NorthstarMLS as distributed by MLS GRID #7041793 Report a problem
5/13/2026Price change$825,000-2.9%$264/sqft
Source: NorthstarMLS as distributed by MLS GRID #7041793 Report a problem
5/7/2026Price change$850,000-5.5%$272/sqft
Source: NorthstarMLS as distributed by MLS GRID #7041793 Report a problem
3/24/2026Listed for sale$899,900-10%$288/sqft
Source: NorthstarMLS as distributed by MLS GRID #7041793 Report a problem
3/24/2026Listing removed$999,950$320/sqft
Source: NorthstarMLS as distributed by MLS GRID #7030426 Report a problem
3/7/2026Listed for sale$999,950$320/sqft
Source: NorthstarMLS as distributed by MLS GRID #7030426 Report a problem
3/3/2026Listing removed$999,950$320/sqft
Source: eXp Realty #7004705 Report a problem
1/5/2026Listed for sale$999,950$320/sqft
Source: NorthstarMLS as distributed by MLS GRID #7004705 Report a problem
1/5/2026Listing removed$999,950$320/sqft
Source: NorthstarMLS as distributed by MLS GRID #6727610 Report a problem
11/11/2025Price change$999,950-7.4%$320/sqft
Source: NorthstarMLS as distributed by MLS GRID #6727610 Report a problem
10/15/2025Price change$1,079,900-0.9%$346/sqft
Source: NorthstarMLS as distributed by MLS GRID #6727610 Report a problem
10/10/2025Price change$1,089,900-0.9%$349/sqft
Source: NorthstarMLS as distributed by MLS GRID #6727610 Report a problem
9/19/2025Price change$1,099,900-4.3%$353/sqft
Source: NorthstarMLS as distributed by MLS GRID #6727610 Report a problem
7/22/2025Price change$1,149,900-2.1%$369/sqft
Source: NorthstarMLS as distributed by MLS GRID #6727610 Report a problem
7/1/2025Price change$1,174,900-2.1%$377/sqft
Source: NorthstarMLS as distributed by MLS GRID #6727610 Report a problem
5/30/2025Listed for sale$1,199,900-4%$385/sqft
Source: NorthstarMLS as distributed by MLS GRID #6727610 Report a problem
5/28/2025Listing removed$1,250,000$401/sqft
Source: NorthstarMLS as distributed by MLS GRID #6658578 Report a problem
5/13/2025Price change$1,250,000-2%$401/sqft
Source: NorthstarMLS as distributed by MLS GRID #6658578 Report a problem
2/7/2025Listed for sale$1,275,000+507.1%$409/sqft
Source: NorthstarMLS as distributed by MLS GRID #6658578 Report a problem
11/1/2023Sold$210,000$67/sqft
Source: NorthstarMLS as distributed by MLS GRID #6445228 Report a problem
10/18/2023Pending sale$210,000$67/sqft
Source: NorthstarMLS as distributed by MLS GRID #6445228 Report a problem

Public tax history

YearProperty taxesTax assessment
2025$2,253 +10.6%$460,000 +34.3%
2024$2,037 +5.1%$342,400 +7.5%
2023$1,939 +3.7%$318,536 +10.1%
2022$1,869 +0.3%$289,433 +39.6%
2021$1,863 -1.5%$207,356 +4.6%
2020$1,891 +0.2%$198,309 +4.4%
2017$1,888 $189,916 +1.9%
2016$1,888 +3.4%$186,400 +4%
2015$1,826 +107.4%$179,200 -0.5%
2014$880 -55.4%$180,100 -18.6%
2012$1,975 +21.2%$221,300
2011$1,630 -18.7%$221,300 -27.6%
2010$2,006 -1.5%$305,500 -2.4%
2009$2,036 $313,000

Find assessor info on the county website

Monthly payment

Est. payment
$4,030/mo
Principal & interest
$3628
Property taxes
$402
More affordability toolsChevron Right

Estimated market value

$696,200

$661,000 - $731,000

$3,385/mo

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 56465

Nearby schools

Garfield Elementary School
Grades PK-4 • 6.3 miles
5/10
GreatSchools® Rating
Test Score Rating
5/10
Student Progress Rating
4/10
Forestview Middle School
Grades 5-8 • 11.7 miles
7/10
GreatSchools® Rating
Test Score Rating
8/10
Student Progress Rating
5/10
Brainerd Senior High School
Grades 9-12 • 8.1 miles
9/10
GreatSchools® Rating
Test Score Rating
8/10
College Readiness Rating
10/10

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