$6,472 Closing Credit¹
#6574360, Listing office: Century 21 Atwood
$849,900 List price
1516 Bay Oaks Dr Albert Lea, MN 56007
$10,000
Closing credit¹
3 beds
1 full, 2 partial
4,486 sqft
$189 / sqft
House
Property details
About 1516 Bay Oaks Dr
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.
Highlights
Home typeSingle Family Residence
HeatingForced Air, Fireplace(s), Space Heater(s)
StatusActive
CoolingCentral Air
Size4,486 sqft
BasementYes
Year built1980
ParkingAttached Garage, Concrete, Floor Drain, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, Storage
MLS #6638372
Attached garage3 spaces
WaterfrontLake Front
FireplaceTwo Sided, Brick, Family Room, Fireplace Footings, Gas, Living Room, Stone, Wood Burning
ViewBay, Other
Virtual tour
Summary
- Partial Bathrooms: 2
- Full Bathrooms: 1
- Appliances: Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Refrigerator, Washer, Water Softener
- Basement: Yes
- Fireplace: Two Sided, Brick, Family Room, Fireplace Footings, Gas, Living Room, Stone, Wood Burning
- Total Bedroom Count: 3
- Garage Space: 3 spaces
- Attached Garage: Yes
- Parking: Attached Garage, Concrete, Floor Drain, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, Storage
- Waterfront: Lake Front
- View: Bay, Other
- Heating: Forced Air, Fireplace(s), Space Heater(s)
- Cooling: Central Air
- List Price: $849,900
- Price/SqFt: $189
- HOA Amount: $0
- Annual Tax Amount: $11,658
- Tax Year: 2024
- Lot: Accessible Shoreline, Many Trees, Underground Utilities
- Directions: Traveling northbound on Highway 13, turn right on Bay Oaks Dr and the listed property is on the right side of the road.
- Year Built: 1980
- Living Area: 4,486 SqFt
- MLS Number: 6638372
- MLS Name: NORTHSTAR
- Office Name: Century 21 Atwood
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$849,900
1516 Bay Oaks Dr
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $719,200 | $11,658 |
| 2023 | $728,700 | $10,380 |
| 2022 | $643,700 | $9,868 |
| 2021 | $563,100 | $9,868 |
| 2020 | $545,100 | $9,868 |
| 2018 | $- | $9,284 |
History based on county public records data.
Nearby schools
4
Lakeview Elementary School
Public District KG-5
1.0 mi
•902 Abbott St
6
Sibley Elementary School
Public District KG-5
1.5 mi
•1501 W Front St
3
Hawthorne Elementary School
Public District PK-5
2.0 mi
•1000 E Hawthorne St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $70,779. Residents of Albert Lea, MN typically earn between $35k-100k each year. Most families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
25%
<35k
44%
35k-100k
24%
100k-200k
7%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
45%
Single, No Kids
5%
Single, with Kids
34%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
6%
12-17 yrs old
13%
18-34 yrs old
33%
35-64 yrs old
37%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Figure Skating
Soccer
Where do the neighbors shop?
Stein Mart
Old Navy
Dick's Sporting Goods
Where do the neighbors go to eat?
Cracker Barrel
Bob Evans
Jimmy Johns
What do the neighbors drive?
Lexus
Buick
GMC
What do the neighbors listen to?
Oldies
Adult Standards
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Albert Lea, MN
Albert Lea's transport infrastructure includes a network of roads and highways that connect residents to nearby cities and amenities. Public transportation options are available, offering residents alternatives to private vehicle use. The city also features areas that are pedestrian-friendly, encouraging walking and biking as viable modes of transport within the community. Recent efforts have been made to improve transport efficiency and accessibility, ensuring that residents can navigate the area with ease.
The community is served by a network of public schools, healthcare facilities, and a public library system that collectively support the residents' educational and health needs. Retail and dining options are available, reflecting the local culture and providing a range of choices for shopping and cuisine. The city is attentive to the evolving needs of its population and works to enhance services accordingly.
Albert Lea is celebrated for its welcoming small-town charm and community-oriented lifestyle. The city prides itself on its scenic lakes, parks, and recreational areas that offer residents a peaceful and nature-infused environment. Local events and festivals throughout the year contribute to the strong sense of community and celebrate the area's heritage and culture.
Albert Lea's housing market offers a diverse array of options, with single-family homes being the most prevalent, reflecting a mix of architectural styles from classic to contemporary. The market is characterized by a blend of older homes with rich histories and newer constructions that cater to modern living preferences. While the majority of residences are owner-occupied, there is also a selection of rental properties available for those looking to lease.
About 1516 Bay Oaks Dr
The listing price of 1516 Bay Oaks Dr property is $849,900.
The property 1516 Bay Oaks Dr is a house located in Albert Lea, Minnesota, 56007.
Active Listing: 1516 Bay Oaks Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1516 Bay Oaks Dr are: Lakeview Elementary School (GreatSchools Rating 4/10), Sibley Elementary School (GreatSchools Rating 6/10), Hawthorne Elementary School (GreatSchools Rating 3/10), Southwest Middle School (GreatSchools Rating 3/10), Lake Mills Middle School (GreatSchools Rating 5/10), Ellis Middle School (GreatSchools Rating 3/10), Albert Lea Area Learning Center (GreatSchools Rating 2/10), Albert Lea Senior High School (GreatSchools Rating 5/10), Glenville-Emmons Secondary School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $11,658 (source: MLS/based on county public records data).
The property at 1516 Bay Oaks Dr has 3 bedrooms and 1 full and 2 half bathrooms.
The property 1516 Bay Oaks Dr is 4,486 SqFt (source: MLS/tax record).
The year of construction for 1516 Bay Oaks Dr is 1980.
This home is located at 1516 Bay Oaks Dr in Albert Lea, MN and zip code 56007. This 4,486 square foot home was built in 1980. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 10, 2024 and is currently priced at $849,900.
In May 2025 more than 10 listings in Albert Lea, MN were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 9 were sold below. The number of homes for sale in Albert Lea, MN increased by 12.9% between April and May 2025. In May 2025, listings were on the market for 103 days. During the same period, the median list price in this real estate market was $180,000.
From Rocket Homes Real Estate and based on county public records data.