$7,422 Closing Credit¹
#6574360, Listing Office: Century 21 Atwood
$949,900 List price
1516 Bay Oaks Dr Albert Lea, MN 56007
$10,000
Closing credit¹
3 beds
1 full, 2 partial
4,486 sqft
$212 / sqft
House
Property details
About 1516 Bay Oaks Dr
Discover unparalleled lakefront living with the panoramic views of Edgewater Bay on Fountain Lake with this stunning 3 bedroom home with 4 bathrooms. This ranch style home which was constructed in 1980 with a walkout basement onto your private deck, glass enclosed spa room and paver patio, this home has also had extensive remodeling done in 1996. These extensive upgrades include a new roof system with hand split cedar shakes, windows, kitchen cabinetry, hardwood floors, new attic insulation, wiring and expanded kitchen area. Enjoy your private lake access with the breathtaking views of Edgewater Bay. The gourmet kitchen boasts custom cabinetry, granite countertops, commercial grade appliances along with spacious adjacent dining areas which provides picturesque setting for the owners. On the main floor, the cozy greatroom features a stone wood fireplace with natural gas lighting features, this room is also directly adjacent to the formal living room which also has a stone wood burning fireplace. The luxurious primary suite also provides a lakeview with a spacious primary bathroom with a large jetted tub, separate walkin shower and walkin closet that extends 15 feet. On the lower level of this home there are two bedrooms, 3/4 bath, sauna room, a large wetbar with billiards area, office and seating area with fireplace all having views of the lake. Spacious three stall heated garage provides adequate space for all of your vehicle and general storage needs. Schedule your appointment today to tour this beautiful home.
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
- MLS Number: 6638372
- MLS Name: NORTHSTAR
- Office Name: Century 21 Atwood
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$949,900
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. The most common annual income of people living in Albert Lea, MN is between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
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
About 1516 Bay Oaks Dr
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 $949,900.
In January 2025 more than 1 listings in Albert Lea, MN were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 7 were sold below. The number of listings in Albert Lea, MN decreased by 6.8% between December and January 2025. The median list price of listings available in January 2025 was $162,000, while the average time on the real estate market was 95 days.
From Rocket Homes Real Estate and based on county public records data.