Lori Gustafson

10816 165th Avenue Nw

Elk River, MN
$ 549,900 Beds 5 Baths 3.5 Sq 3,527
Monthly Estimate* How much can I afford?

**Ask about our 4.99% interest rate buy-down with preferred lender.** Step inside this thoughtfully designed home featuring an open-concept layout perfect for modern living. The spacious kitchen boasts a large island, walk-in pantry, and elegant stone countertops — ideal for both everyday meals and entertaining. The dining area and great room flow seamlessly together, while the front flex room, with stylish angled double doors, makes an excellent home office or creative space. A convenient half bath and a mudroom with an oversized walk-in closet complete the main level. Upstairs, you’ll find four generous bedrooms, including an owner’s suite with vaulted ceiling, a private bathroom, and HUGE walk-in closet. The upper level also offers a versatile loft area, perfect for a playroom or lounge, along with a full bath and a dedicated laundry room. The finished lookout basement provides even more living space with a large family room, an additional bedroom, and a full bath — perfect for guests or a growing household.

Single Family

  • Price
  • $ 549,900
  • City
  • Elk River
  • Bedrooms
  • 5
  • Full Bathrooms
  • 3
  • County
  • SHERBURNE
  • Half Bathrooms
  • 1
  • Area
  • OAKWATER RIDGE
  • Lot Size
  • 0.21 Acres
  • Zip
  • 55330
  • Sqr Footage
  • 3,527
  • Year Built
  • 2026
  • Style
  • Single Family
  • MLS#
  • 7133146
Listed By: Capstone Realty, LLC
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 3527
Sewer City Sewer/Connected
Heating Forced Air,Fireplace(s)
Cooling Central Air
Roof Age 8 Years or Less
Appliances Air-To-Air Exchanger,Dishwasher,Microwave,Range,Refrigerator,Tankless Water Heater
HOA Fee 300
Garage Spaces 3
Association Fee Includes Maintenance Grounds,Sanitation
Year Built 2026
Electric 200+ Amp Service
Levels Two
Property Subtype Single Family
Tax Year 2026
Accessibility None
Assoc Fee Paid Per Annually
County Sherburne
New Construction Yes
Property Type Residential
HOA Yes
Contingency None
Subdivision Name OAKWATER RIDGE
Full Baths 3
Directions Set GPS for sales model - 10804 165th Ave NW - Going W on HWY 10 past Ramsey,turn left onto 165th Ave NW when you see the Capstone Homes entrance signs. Home is on the left.
City Elk River
Association Name Cities Management
High School District Elk River
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Additional Parcels Y/N No
Availability Date 2026-10-21
Builder Name CAPSTONE HOMES INC
Standard Status Active
Lender Owned No
Amenities Unit French Doors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Porch,In-Ground Sprinkler,Vaulted Ceiling(s),Washer/Dryer Hookup,Walk-In Closet
Community Name OAKWATER RIDGE
PostalCity Elk River

Interior Features

Basement Crawl Space,Daylight/Lookout Windows,Drain Tiled,Finished,Storage Space,Sump Pump
Total Fireplaces 2
Fireplace Features Electric,Gas,Living Room
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 2607
Half Baths 1
Total Bedrooms 5
Below Grade Finished Area 920
Total Baths 4
Bath Desc 3/4 Basement,Private Primary,Separate Tub & Shower,Upper Level Full Bath
Fuel Natural Gas
Garage Dimensions 31x21
Garage Door Width 8
Garage Square Feet 672

Exterior Features

Parking Features Attached Garage,Asphalt
Lot Features Sod Included in Price
Water Source City Water/Connected
Lot Size Area 0.21
Building Area Total 3527
Lot Dimensions 81x131x58x130
Waterfront Y/N No
Foundation Area 2645

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

8/26/2026 Listed $569,900
9/9/2026 2% - $559,900
9/16/2026 2% - $549,900

Property vs Zip Code Average in 55330

Price
AVG $530K
$550K
Year Built
AVG 2011
2026
Visits
AVG 82
55
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

10816 165th Avenue Nw Elk River, MN is a Single Family Home for sale at $549900 with 3527 sqft and a lot size of 0.21 Acres Acre(s). 10816 165th Avenue Nw Elk River has 5 bedrooms, 3 baths and was built in 2026. The property's zip code is 55330 which is in Elk River, 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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