48405 197th Ave, McGregor, MN 55760
What's special
Enjoy year-round living on Lake Minnewawa with 70 feet of nice shoreline, gradual elevation to the water, and a beautiful yard shaded by mature trees. This 3-bedroom, 2-bath home features a comfortable living room with a fireplace and a family room with a walkout basement. A lakeside deck with great views of the water can be accessed from the living room and dining room making indoor and outdoor living seamless. One bedroom and full bath are located on the main floor, while the walkout lower level has a family room and two additional bedrooms, including one with direct access to the lakeside patio. The gently sloping yard leads down to the water's edge, with plenty of space to enjoy the outdoors and spend evenings around a fire. A detached two-stall garage has an unfinished bonus room above, adding extra space for storage or future use. Plenty of space to make this place your own and enjoy lake life for years to come.
- 12 days
- 1,977
- 111
Likely to sell faster than
Travel times
Living Room
Kitchen
Dining Room
Zillow last checked:
Listing updated:
Kari Elizabeth Horbacz 218-851-7924,
Statement Realty
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12x10
Bedroom 2
- Level: Lower
- Area: 90 Square Feet
- Dimensions: 9x10
Bedroom 3
- Level: Lower
- Area: 130 Square Feet
- Dimensions: 13x10
Dining room
- Level: Main
- Area: 90 Square Feet
- Dimensions: 9x10
Family room
- Level: Lower
- Area: 180 Square Feet
- Dimensions: 18x10
Kitchen
- Level: Main
- Area: 160 Square Feet
- Dimensions: 16x10
Living room
- Level: Main
- Area: 176 Square Feet
- Dimensions: 16x11
Heating
- Other, Wood Stove
Cooling
- None
Appliances
- Included: Range, Refrigerator
- Laundry: In Basement, Washer Hookup
Features
- Basement: Finished,Full,Walk-Out Access
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,408
- Total interior livable area: 1,408 sqft
- Finished area above ground: 704
- Finished area below ground: 704
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Gravel
- Garage spaces: 2
- Details: Garage Dimensions (24x28)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio
- Pool features: None
- On waterfront: Yes
- Waterfront features: Lake Front, Waterfront Elevation(4-10), Lake Bottom(Hard, Rocky, Sand)
- Frontage length: Water Frontage: 70
Lot
- Size: 0.55 Acres
- Dimensions: 70 x 480
- Features: Accessible Shoreline, Tree Coverage - Medium
Details
- Foundation area: 704
- Parcel number: 291151900
- Zoning description: Shoreline,Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Frame
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1987
Utilities & green energy
- Electric: Power Company: Lake Country Power
- Gas: Propane, Wood
- Sewer: Septic System Compliant - Yes, Tank with Drainage Field
- Water: Drilled, Private
Community & HOA
Community
- Subdivision: Sheshebe Point
HOA
- Has HOA: No
Location
- Region: Mcgregor
Financial & listing details
- Price per square foot: $313/sqft
- Tax assessed value: $357,165
- Annual tax amount: $1,833
- Date on market: 10/8/2026
Price history
| Date | Event | Price |
|---|---|---|
| 10/8/2026 | Listed for sale | $440,000$313/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7157215 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,843 +12.2% | $357,165 +1.7% |
| 2024 | $1,643 +10.5% | $351,340 +12.7% |
| 2023 | $1,487 +7.8% | $311,834 +17.4% |
| 2022 | $1,379 +3% | $265,649 +38.4% |
| 2021 | $1,339 -1.9% | $191,914 +4.6% |
| 2020 | $1,365 +0.9% | $183,500 +0.7% |
| 2019 | $1,353 +2.6% | $182,300 +3.4% |
| 2018 | $1,319 +4.6% | $176,300 |
| 2017 | $1,261 -4% | $176,300 +2.3% |
| 2016 | $1,313 +5.3% | $172,400 -2.2% |
| 2014 | $1,247 +10071.3% | $176,300 -10.8% |
| 2012 | $12 | $197,700 |
| 2011 | -- | $197,700 -10.5% |
| 2009 | $1,150 | $221,000 |
Monthly payment
Estimated market value
$433,900
$412,000 - $456,000
$1,553/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.