487 Shorewood Drive, Detroit Lakes, MN 56501
3 Beds | 2 Baths | 2,534 Sq Ft | Single Family Home | MLS# 7111667
Price Drop on M Markdowns — was $429,500 (↓ $9,500)
Is 487 Shorewood Drive a Good Deal?
BuyPulse Verdict
Excellent Value
At $166/sqft — This home is priced 27% below the typical Detroit Lakes single-family home of $228/sqft.
Your Negotiating Position
95 — Strong buyer leverage
Day 52 — similar homes typically go under contract by day ~24. This one is past that window.
39% of recent sales closed at or over asking — most sellers here negotiate.
45 similar homes for sale — alternatives if they won't move.
This seller already cut $9,500 — motivation showing.
Powered by the Realgorithm™ — 120 active Detroit Lakes listings · NorthstarMLS
$2,761/month Estimated
- Principal & interest
- $2,124
- Property taxes
- $308
- Home insurance (est.)
- $245
- Special assessments
- $84
- HOA dues
- None
20% down ($84,000) · 30-yr fixed, 6.5% · Can I afford this home?
Includes special assessments — the FM-metro cost most portals leave out. Estimates only; confirm before you offer.
About This Home
SHORT SALE APPROVED DEEDED ACCESS don’t miss this! LIVE ON SHOREWOOD DRIVE AND PLAY ON DETROIT LAKES! This move-in-ready 3-bedroom, 2-bath home offers 2,534 sq. ft. of comfort and functionality. Enjoy the ultimate lake-area lifestyle with deeded access to Detroit Lakes—located under a 5-minute walk away. Stay cool and comfortable with two brand-new ductless mini-split units, one conveniently located on each level for efficient, customizable climate control. The main-level living room and large three-season sunroom both offer lake views, while the lower-level family room features a cozy brick fireplace and a private sauna. Recent exterior updates include a fresh seal coat and new front steps. With a fully fenced backyard, potential Rainbird irrigation system, and most furnishings staying, this is the perfect year-round retreat or seasonal getaway!
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $315K and $525K in Detroit Lakes:
- The field: 45 similar Detroit Lakes homes for sale — you have options.
- Tempo: homes like this went pending in a median 24 days — 0 of the last 13 inside 4 days.
- Negotiation: 39% of the last 28 sales here closed at or over list — there's room to negotiate.
Powered by the Realgorithm™ — 28 real Detroit Lakes closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1981
- Above Grade
- 1,414 sq ft
- Below Grade
- 1,120 sq ft
- Lot Size
- 0.46 acres
- Lot Features
- Tree Coverage - Light
- Garage
- 2-car (Attached Garage, Asphalt)
- Heating
- Baseboard
- Cooling
- Ductless Mini-Split
- Basement
- Yes
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
- Sewer
- City Sewer - In Street
- Water
- City Water - In Street
- Annual Taxes
- $3,700
- Special Assessments
- $1,006
- County
- Becker
- Days on Market
- 52
487 Shorewood Drive is listed in Detroit Lakes, MN, part of Becker County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 487 Shorewood Drive
Associate Broker · Modern Market REALTORS®
Your Detroit Lakes real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by Vision Realty · Shown by Modern Market REALTORS®
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View Full Listing & PhotosMLS# 7111667 · Data refreshed September 10, 2026
Similar Homes for Sale Near 487 Shorewood Drive, Detroit Lakes, MN
Frequently Asked Questions About 487 Shorewood Drive
- Is $420,000 a good price for a home in Detroit Lakes?
- According to BuyPulse, 487 Shorewood Drive rates Excellent Value — at $166/sqft it's priced 27% below the typical Detroit Lakes single-family home of $228/sqft. Its negotiating-position score is 95/100 (Strong buyer leverage), weighed on days on market, comparable inventory, and how Detroit Lakes homes are closing versus list. Powered by the Realgorithm™. Browse Detroit Lakes homes for sale to compare.
- What are the special assessments at 487 Shorewood Drive — and what do they mean?
- This property has $1,006/yr in annual special assessments, with no specials pending. Special assessments are separate from property taxes — they are charges levied by the city for infrastructure improvements like streets, water, sewer, and sidewalks. Annual property taxes are $3,700/yr. Always factor both into your total monthly housing cost before making an offer.
- Does 487 Shorewood Drive have a basement?
- Yes, 487 Shorewood Drive has a basement with 1,120 sq ft of below-grade space.
- What type of heating and cooling does 487 Shorewood Drive have?
- 487 Shorewood Drive has Baseboard heating and Ductless Mini-Split cooling.
- Where is 487 Shorewood Drive located?
- 487 Shorewood Drive is in Detroit Lakes, MN 56501, in Becker County.
- Is 487 Shorewood Drive still available?
- Yes — 487 Shorewood Drive is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 487 Shorewood Drive built?
- 487 Shorewood Drive was built in 1981. It features a block foundation.
- Does 487 Shorewood Drive have main-floor laundry?
- No — the laundry at 487 Shorewood Drive is in the lower level.
- How walkable is 487 Shorewood Drive?
- 487 Shorewood Drive has a Walk Score of 1/100 (Car-Dependent) and a Bike Score of 26/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 487 Shorewood Drive are for sale in Detroit Lakes?
- 45 similar homes (single-family homes between $315K and $525K in Detroit Lakes) are for sale right now — you have options.
- How fast do homes like 487 Shorewood Drive sell in Detroit Lakes?
- Homes like this one (single-family homes between $315K and $525K in Detroit Lakes) went pending in a median 24 days over the last 90 days — 0 of the last 13 went under contract within 4 days.
- Do homes in Detroit Lakes sell for asking price?
- 39% of the last 28 comparable Detroit Lakes sales closed at or over list price — there's room to negotiate. Based on real NorthstarMLS closings, not estimates.
- What does "M Markdowns" mean?
- M Markdowns™ is Modern Market REALTORS®’ real estate tracker of homes for sale with verified MLS price reductions across the Fargo-Moorhead metro and Minnesota lake country. Every reduction is sourced directly from NorthstarMLS — minimum $2,000 drop to filter noise.
- What does "BuyPulse" mean?
- BuyPulse is Modern Market REALTORS®’ live market-data brand for Fargo-Moorhead: cohort statistics — homes for sale, median days to pending, and share of sales closing at or over list price — computed from real NorthstarMLS closings, not estimates.
- What does "Realgorithm™" mean?
- The Realgorithm™ is Modern Market REALTORS®’ proprietary market-data engine — it computes every BuyPulse verdict from real NorthstarMLS closings (comparable active inventory, median days to pending, and sale-to-list price ratio) rather than an automated online estimate.
Local Companies to Help You Settle In
From inspection to closing to moving day, here are well-known local companies serving the Detroit Lakes area.