Lori Gustafson

50771 Good Oak Loop

Frazee, MN
$ 863,700 Beds 4 Baths 3 Sq 3,968
Monthly Estimate* How much can I afford?

Welcome to this stunning lakefront year-round home, perfectly positioned to capture breathtaking sunsets over the water on this private lake with no public access. This 4-bedroom, 3-bathroom home blends comfort, style, and functionality across three beautifully designed levels. Large windows frame picturesque views of the lake, bringing the beauty of nature into virtually every room in the home. As you enter the main level, you're greeted by a warm and inviting living room centered around a cozy fireplace, ideal for relaxing evenings or hosting guests. The kitchen features elegant granite countertops, ample cabinetry, and modern appliances perfect for both everyday cooking and entertaining. The lower level boasts a sauna as well as a spacious family room with bar area, offering the ultimate space for entertaining or casual gatherings. Upstairs, a bonus room with a second fireplace and a private balcony provides a versatile space ideal as a media room, home office, or relaxing getaway. From here, and from most rooms in the home, you can enjoy breathtaking lake views. With four generous bedrooms and three bathrooms, there’s plenty of space for family and guests alike. The combination of thoughtful design, west-facing exposure, and seamless indoor-outdoor flow make this home your ticket to lakeside living at its finest. The recently added private driveway and the second garage with 50 amp camper/motorhome outlet makes this the perfect lake home retreat.

Single Family

  • Price
  • $ 863,700
  • City
  • Frazee
  • Bedrooms
  • 4
  • Full Bathrooms
  • 3
  • County
  • OTTER TAIL
  • Half Bathrooms
  • 0
  • Area
  • Oak Ridge Estates 2nd Add
  • Lot Size
  • 1.43 Acres
  • Zip
  • 56544
  • Sqr Footage
  • 3,968
  • Year Built
  • 1997
  • Taxes
  • $ 5212
  • Style
  • Single Family
  • MLS#
  • 7125736
Listed By: Gallery of Homes
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 3968
Sewer Private Sewer,Septic System Compliant - Yes,Tank with Drainage Field
Heating Baseboard,Forced Air,Fireplace(s)
Cooling Central Air
Roof Asphalt
Appliances Microwave,Range,Refrigerator
Garage Spaces 4
Construction Materials Frame
Year Built 1997
View West
Levels One and One Half
Property Subtype Single Family
Tax Year 2026
Waterfront Features Lake Front
Accessibility None
County Otter Tail
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Oak Ridge Estates 2nd Add
Other Structures Garage(s)
Full Baths 2
Directions From US Hwy 10 take exit onto State Highway 87/MN-87. Head SW on MM-87,turn left onto Wymer Lake Rd,turn right onto Good Oak Loop to address.
City Frazee
High School District Frazee-Vergas
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 5212
Additional Parcels Y/N No
Standard Status Active
Lender Owned Not Disclosed
PostalCity Frazee

Interior Features

Basement Egress Window(s),Finished,Full,Tile Shower
Total Fireplaces 2
Fireplace Features Electric,Living Room
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 2176
3/4 Baths 1
Laundry Features Main Level
Total Bedrooms 4
Below Grade Finished Area 1792
Total Baths 3
Bath Desc Bathroom Ensuite,Full Primary,Full Basement,Private Primary,Main Floor 3/4 Bath,Main Floor Full Bath,Separate Tub & Shower
Dining Room Description Informal Dining Room
Fuel Electric,Natural Gas
Garage Dimensions 24x26
Garage Square Feet 624

Exterior Features

Parking Features Attached Garage,Detached Garage,Garage Door Opener
Water Source Drilled,Private,Shared System,Well
Lot Size Area 1.43
Building Area Total 3968
Lot Dimensions 1.43 acres
Waterfront Y/N Yes
Foundation Area 1792
Road Frontage Type Township
Road Responsibility Public 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

8/12/2026 Listed $877,700
8/27/2026 1% - $875,700
9/3/2026 1% - $873,700
9/10/2026 1% - $868,700
9/25/2026 1% - $863,700

Property vs Zip Code Average in 56544

Price
AVG $530K
$860K
Taxes
AVG $2,787
$5,212
Year Built
AVG 1975
1997
Visits
AVG 85
39
Data Provided by Inside Real Estate®

Areas That We Cover

50771 Good Oak Loop Frazee, MN is a Single Family Home for sale at $863700 with 3968 sqft and a lot size of 1.43 Acres Acre(s). 50771 Good Oak Loop Frazee has 4 bedrooms, 3 baths and was built in 1997. The property's zip code is 56544 which is in Frazee, 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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