Lori Gustafson

7 S Shore Drive

Forest Lake, MN
$ 959,500 Beds 3 Baths 2.5 Sq 2,397
Monthly Estimate* How much can I afford?

Lakefront living meets extensive, move-in-ready updates in this enchanting three-bedroom, three-bathroom home situated directly on Forest Lake. Set on a .42-acre lot within walking distance of downtown, the property features more than 50 feet of beautifully maintained sandy shoreline and a charming lakeside boathouse. Approximately $28,000 was invested in landscaping, tree removal, and new plantings in August 2026, creating an inviting outdoor setting ready to enjoy. The expansive, low-maintenance lakeside deck and convenient outdoor shower make it easy to enjoy life on the lake. The home has been refreshed with Sherwin Williams interior and exterior paint, new front and rear exterior doors, numerous new interior doors and trim, all new carpeting, a new Frigidaire refrigerator, Dacor and Viking stainless appliances, a new Quartz kitchen island, LED recessed lighting, updated light fixtures and switches, new faucets and updated door hardware throughout. The main level features a spacious primary suite with a walk-in closet, tub, walk-in shower, and double vanity. The lakeside living room is filled with natural light from large windows and includes a gas fireplace. A second living area offers vaulted ceilings, another gas fireplace with built ins, a new ceiling fan and new carpeting. Upstairs there are two additional bedrooms, a lakeside loft or sitting area with beautiful views of Forest Lake and a remodeled bathroom featuring new floor tile, quartz countertops, undermount sinks, new faucets, a new toilet, mirror, and lighting. The main garage has also been upgraded with new epoxy flooring, lighting, drywall, and an entry keypad. A separate one-car detached garage provides additional space for storage, lake equipment, and recreational gear. This thoughtfully updated property offers comfortable year-round living, ample storage, and an exceptional waterfront lifestyle directly on Forest Lake—all within walking distance to the dining, coffee shops and shopping in downtown Forest Lake.

Single Family

  • Price
  • $ 959,500
  • City
  • Forest Lake
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • WASHINGTON
  • Half Bathrooms
  • 1
  • Area
  • Forestdale
  • Lot Size
  • 0.421 Acres
  • Zip
  • 55025
  • Sqr Footage
  • 2,397
  • Year Built
  • 1910
  • Taxes
  • $ 9211
  • Style
  • Single Family
  • MLS#
  • 7138930
Listed By: Coldwell Banker Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2397
Sewer City Sewer/Connected
Heating Boiler,Forced Air,Fireplace(s)
Cooling Central Air
Roof Architectural Shingle
Appliances Cooktop,Dishwasher,Dryer,Exhaust Fan,Gas Water Heater,Microwave,Refrigerator,Stainless Steel Appliances,Wall Oven,Washer,Wine Cooler
Garage Spaces 3
Pool Features None
Construction Materials Block,Frame
Year Built 1910
Electric Circuit Breakers
View East,Lake
Levels One and One Half
Property Subtype Single Family
Tax Year 2026
Waterfront Features Lake Front
Accessibility None
County Washington
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Forestdale
Other Structures Garage(s),Boat House
Full Baths 2
Directions I35 to Broadway,Broadway East to South Shore to home
City Forest Lake
High School District Forest Lake
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 9211
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),Deck,Dock,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Patio,Paneled Doors,Tile Floors,Vaulted Ceiling(s),Walk-In Clos
PostalCity Forest Lake

Interior Features

Basement Block,Crawl Space,Storage Space,Unfinished
Total Fireplaces 2
Fireplace Features Family Room,Gas,Living Room
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 2397
Half Baths 1
Laundry Features In Basement,Laundry Room
Total Bedrooms 3
Total Baths 3
Bath Desc Double Sink,Full Primary,Private Primary,Main Floor 1/2 Bath,Main Floor Full Bath,Separate Tub & Shower,Upper Level Full Bath,Jetted Tub
Dining Room Description Eat In Kitchen,Informal Dining Room
Fuel Natural Gas
Garage Dimensions 24 x 22
Garage Square Feet 528

Exterior Features

Fencing None
Parking Features Detached Garage,Concrete,Electric,Garage Door Opener,Multiple Garages
Lot Features Tree Coverage - Medium
Water Source City Water/Connected
Lot Size Area 0.421
Building Area Total 3020
Lot Dimensions 230x105x52x230
Waterfront Y/N Yes
Foundation Area 1659
Road Frontage Type City Street
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

9/18/2026 Listed $959,500

Property vs Zip Code Average in 55025

Price
AVG $590K
$960K
Taxes
AVG $5,391
$9,211
Year Built
AVG 1981
1910
Visits
AVG 76
12
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

7 S Shore Drive Forest Lake, MN is a Single Family Home for sale at $959500 with 2397 sqft and a lot size of 0.421 Acres Acre(s). 7 S Shore Drive Forest Lake has 3 bedrooms, 2 baths and was built in 1910. The property's zip code is 55025 which is in Forest 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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