Absolutely gorgeous one-owner home on 6.6 private acres overlooking West Lost Lake! This rare property is surrounded by state easements, meaning no future development nearby—offering peace, privacy, and open views. Built in 1999, this well-maintained home features 4+ bedrooms, 3 bathrooms, and a spacious open-concept layout filled with natural light. The custom kitchen includes ample cabinetry and a built-in breakfast booth. A sunroom with in-floor heat provides a cozy, year-round retreat. The main floor also includes a large primary suite, office/den, laundry room, and plank flooring throughout. The walkout lower level adds flexible living space with in-floor heat and a fireplace. Enjoy an attached heated garage and separate heated shed—ideal for storage or hobbies. Central air, quality finishes, and thoughtful design make this home move-in ready. Whether you’re looking for a year-round home or a peaceful countryside getaway, this property delivers comfort, space, and lasting value.
Closed
$513,000
28222 Water Street Rd, Underwood, MN 56586
4beds
3,054sqft
Single Family Residence
Built in 1999
6.68 Acres Lot
$517,100 Zestimate®
$168/sqft
$3,124 Estimated rent
Home value
$517,100
$321,000 - $833,000
$3,124/mo
Zestimate® history
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$3,101/mo
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Michelle Pearson 218-205-6513,
eXp Realty
Bought with:
Holly Okeson
HomeSmart Adventure Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6708040
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Main
Bedroom 2
- Level: Lower
Bedroom 3
- Level: Lower
Bedroom 4
- Level: Lower
Bathroom
- Level: Main
Bathroom
- Level: Main
Bathroom
- Level: Lower
Den
- Level: Main
Dining room
- Level: Main
Family room
- Level: Lower
Kitchen
- Level: Main
Laundry
- Level: Main
Living room
- Level: Main
Sun room
- Level: Main
Heating
- Baseboard, Forced Air, Fireplace(s), In-Floor Heating
Cooling
- Central Air
Appliances
- Included: Central Vacuum, Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned
- Laundry: Laundry Room, Main Level
Features
- Central Vacuum
- Basement: Daylight,Finished,Walk-Out Access
- Number of fireplaces: 1
Interior area
- Total structure area: 3,054
- Total interior livable area: 3,054 sqft
- Finished area above ground: 1,792
- Finished area below ground: 1,262
Property
Parking
- Total spaces: 2
- Parking features: Attached, Gravel, Garage, Garage Door Opener, Heated Garage, Insulated Garage, RV Access/Parking, Storage
- Attached garage spaces: 2
- Has uncovered spaces: Yes
- Details: Garage Dimensions (24x23)
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Has view: Yes
- View description: Lake, Panoramic
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake Front
Lot
- Size: 6.68 Acres
- Dimensions: 6.68 acres
- Features: Accessible Shoreline, Tree Coverage - Medium
Details
- Additional structures: Bunk House, Shed(s), Workshop, Storage Shed
- Foundation area: 1504
- Parcel number: 38000310240000
- Zoning description: Residential-Single Family
- Other equipment: Fuel Tank - Rented
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Wood
- Roof: Asphalt
Condition
- New construction: Yes
- Year built: 1999
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Electric, Propane
- Sewer: Private Sewer
- Water: Other, Well
Community & neighborhood
Location
- Region: Underwood
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2025 | Sold | $513,000-6.7%$168/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6708040 Report a problem | ||
| 5/14/2025 | Pending sale | $550,000$180/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6708040 Report a problem | ||
| 4/26/2025 | Price change | $550,000-15.4%$180/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6708040 Report a problem | ||
| 4/23/2025 | Listed for sale | $650,000$213/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6708040 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,889 +13.3% | $956,500 +4.6% |
| 2024 | $2,550 +6.9% | $914,500 +59% |
| 2023 | $2,386 -5.1% | $575,100 -10.4% |
| 2022 | $2,514 -8% | $641,600 |
| 2021 | $2,733 +1.2% | -- |
| 2020 | $2,701 +2.9% | $667,000 -11.5% |
| 2018 | $2,626 -5.4% | $753,900 +2.5% |
| 2017 | $2,776 +4.3% | $735,300 +12% |
| 2016 | $2,662 | $656,400 |
| 2015 | $2,662 +3.5% | -- |
| 2014 | $2,572 +22.6% | $643,900 |
| 2011 | $2,098 0% | -- |
| 2010 | $2,098 | -- |
Find assessor info on the county website
Neighborhood: 56586
Nearby schools
GreatSchools rating
- 7/10Underwood Elementary SchoolGrades: PK-6Distance: 6.5 mi
- 8/10Underwood SecondaryGrades: 5-12Distance: 6.5 mi
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- Minnesota
- Otter Tail County
- Underwood
- 56586
- 28222 Water Street Rd