Lori Gustafson

37538 Norwood Lane

Battle Lake, MN
$ 779,000 Beds 3 Baths 2.5 Sq 2,540
Monthly Estimate* How much can I afford?

Over $65,000 in annual vacation-rental revenue — fully furnished, turnkey, and built in 2024. Oaken House offers a rare opportunity to own a nearly new Otter Tail Lake property that is already established as a successful vacation rental and ready for its next owner from day one. This beautifully finished 3-bedroom, 3-bath home features a spacious open layout, generous gathering areas, quality finishes, and an oversized 3-stall garage. Whether you're looking for an investment property, family lake retreat, or year-round home, Oaken House offers the flexibility to enjoy the property yourself while generating meaningful rental income when you're away. Located within the Norwood community, owners enjoy approximately 789 feet of shared sandy shoreline on Otter Tail Lake, a private beach area, dock and boat access, walking trails, park space, pickleball, and other shared amenities—giving you the Otter Tail Lake lifestyle without the maintenance and premium price of private shoreline. The property comes fully furnished and rental-ready, eliminating the time and expense of furnishing and setting up a vacation property from scratch. Rental history showing approximately $65,000 in annual gross revenue is available for qualified buyers. Nearly new construction. Fully furnished. Proven rental history. Otter Tail Lake access. Oaken House is ready to enjoy—and ready to earn—from day one.

Single Family

  • Price
  • $ 779,000
  • City
  • Battle Lake
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • OTTER TAIL
  • Half Bathrooms
  • 1
  • Area
  • Norwood Beach Cic 103
  • Lot Size
  • 0.51 Acres
  • Zip
  • 56515
  • Sqr Footage
  • 2,540
  • Year Built
  • 2024
  • Taxes
  • $ 4352
  • Style
  • Single Family
  • MLS#
  • 7077777
Listed By: Real Estate Results
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2540
Sewer Tank with Drainage Field
Heating Forced Air,In-Floor Heating
Cooling Central Air
Appliances Dishwasher,Dryer,Microwave,Range,Refrigerator
HOA Fee 145
Garage Spaces 3
Association Fee Includes Beach Access,Dock,Lawn Care,Shared Amenities,Snow Removal
Construction Materials Frame
Year Built 2024
Levels One and One Half
Property Subtype Single Family
Tax Year 2026
Waterfront Features Lake Front
Accessibility No Stairs External
Assoc Fee Paid Per Monthly
County Otter Tail
New Construction Yes
Property Type Residential
HOA Yes
Contingency None
Subdivision Name Norwood Beach Cic 103
Full Baths 1
Directions From Battle Lake N on Hwy 78,Left on Norwood Rd,right on Norwood Lane,property on the left.
City Battle Lake
Association Name Norwood Beach
High School District Battle Lake
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 4352
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
PostalCity Battle Lake

Interior Features

Basement None
Total Fireplaces 1
Fireplace Features Gas
Basement (Y/N) No
Fireplace Y/N Yes
Above Grade Finished Area 2540
Half Baths 1
3/4 Baths 1
Total Bedrooms 3
Total Baths 3
Foundation Dimensions 40x32
Fuel Electric,Natural Gas
Garage Dimensions 29x34
Garage Square Feet 946
Waterfront Feet 324

Exterior Features

Parking Features Attached Garage
Water Source Drilled
Lot Size Area 0.51
Building Area Total 2540
Lot Dimensions .51AC
Waterfront Y/N Yes
Foundation Area 1280
Road Responsibility Association Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/21/2026 Listed $799,000
6/22/2026 1% - $794,000
7/17/2026 2% - $784,000
9/13/2026 1% - $779,000

Property vs Zip Code Average in 56515

Price
AVG $520K
$780K
Taxes
AVG $3,583
$4,352
Year Built
AVG 1980
2024
Visits
AVG 276
139
Data Provided by Inside Real Estate®

Areas That We Cover

37538 Norwood Lane Battle Lake, MN is a Single Family Home for sale at $779000 with 2540 sqft and a lot size of 0.51 Acres Acre(s). 37538 Norwood Lane Battle Lake has 3 bedrooms, 2 baths and was built in 2024. The property's zip code is 56515 which is in Battle Lake, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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