Charming Lake Pepin View Home – Successful Vacation Rental Opportunity. Enjoy stunning views and a prime location with this well-maintained 2-bedroom, 2-bath home just steps from the public beach, marina, river walk, and vibrant downtown. Whether you're looking for a personal getaway or a proven investment, this property offers both lifestyle and income potential. Enjoy Bright & Inviting Living Spaces. The main floor welcomes you with a sunny three-season porch—perfect for morning coffee or evening relaxation. A spacious living room flows into a large dining area featuring an electric wall fireplace for cozy ambiance. The main-level en-suite bedroom includes a full bath for added convenience. The full kitchen provides everything needed for everyday living or hosting guests. Upstairs, you'll find a second bedroom and a spacious, full bath combined with laundry facilities. Even the bathroom offers views of Lake Pepin. The backyard patio is a favorite gathering spot for guests, ideal for enjoying evening bonfires under the stars. A detached 1-car garage offers storage for beach gear, bikes, or outdoor equipment. This home has a strong history as a vacation rental, with reservations already booked through October 2025. Sellers won't close until end of October 2025.
Seller and Listing Agent are Related.
Closed
$265,000
206 N Franklin St, Lake City, MN 55041
2beds
1,152sqft
Single Family Residence
Built in 1890
5,967 Square Feet Lot
$271,400 Zestimate®
$230/sqft
$1,659 Estimated rent
Home value
$271,400
Estimated sales range
Not available
$1,659/mo
Zestimate® history
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List your homeWhat's special
Electric wall fireplaceBackyard patioLake pepin viewViews of lake pepinMain-level en-suite bedroomFull kitchenSunny three-season porch
Zillow last checked:
Listing updated:
Listed by:
Sonda J. Featherstone 651-442-3941,
Featherstone Real Estate, LLC
Bought with:
Nancy Denzer
Lakeshore Real Estate Krage & Associates, LLC.
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6736197
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: Main
Bedroom 2
- Level: Upper
Primary bathroom
- Level: Main
Bathroom
- Level: Upper
Dining room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Patio
- Level: Main
Porch
- Level: Main
Other
- Level: Main
Other
- Level: Main
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Gas Water Heater, Microwave, Range, Refrigerator, Water Softener Owned
- Laundry: In Unit, Upper Level
Features
- Basement: Partial
- Number of fireplaces: 1
- Fireplace features: Electric
Interior area
- Total structure area: 1,152
- Total interior livable area: 1,152 sqft
- Finished area above ground: 1,152
- Finished area below ground: 0
Property
Parking
- Total spaces: 1.5
- Parking features: Concrete
- Garage spaces: 1.5
- Details: Garage Dimensions (16x28)
Accessibility
- Accessibility features: None
Features
- Levels: One and One Half
- Stories: 1.5
- Patio & porch: Patio, Rear Porch
- Fencing: Other,Partial
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
Lot
- Size: 5,967 Square Feet
- Dimensions: 60 x 100
Details
- Foundation area: 384
- Parcel number: R220019800
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Lake City
HOA
- Has HOA: No
Location
- Region: Lake City
Financial & listing details
- Price per square foot: $230/sqft
- Tax assessed value: $183,500
- Annual tax amount: $2,134
- Date on market: 8/7/2025
- Cumulative days on market: 21 days
Price history
| Date | Event | Price |
|---|---|---|
| 10/6/2025 | Sold | $265,000-3.6%$230/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6736197 Report a problem | ||
| 8/7/2025 | Pending sale | $275,000$239/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6736197 Report a problem | ||
| 7/2/2025 | Listing removed | $275,000$239/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6736197 Report a problem | ||
| 6/10/2025 | Listed for sale | $275,000+111.5%$239/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6736197 Report a problem | ||
| 9/28/2011 | Sold | $130,000+0.1%$113/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1188456 Report a problem | ||
| 8/20/2007 | Sold | $129,900$113/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,134 +3.6% | $183,500 +4.6% |
| 2024 | $2,060 -3.9% | $175,400 +1.7% |
| 2023 | $2,144 +7.1% | $172,500 +23.4% |
| 2022 | $2,002 -3.5% | $139,800 |
| 2021 | $2,074 +10.6% | $139,800 -0.9% |
| 2020 | $1,876 -4% | $141,000 +11.5% |
| 2019 | $1,954 | $126,500 +0.7% |
| 2018 | $1,954 +8.6% | $125,600 +7.4% |
| 2017 | $1,800 -1.6% | $117,000 |
| 2016 | $1,830 | -- |
| 2015 | $1,830 +6.9% | -- |
| 2012 | $1,712 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Neighborhood: 55041
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Nearby schools
GreatSchools rating
- 5/10Bluff View Elementary SchoolGrades: PK-6Distance: 1.1 mi
- 7/10Lincoln SecondaryGrades: 7-12Distance: 0.4 mi
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Estimated market value
$271,400
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Estimated market value
$271,400
- Minnesota
- Wabasha County
- Lake City
- 55041
- 206 N Franklin St
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