38132 N Little Mcdonald Drive, Frazee, MN 56544
Single Family Home for Sale in Frazee, MN Lakefront on Little McDonald Lake · 1,316 acres · 109 ft deep 4 Beds | 3 Baths | 3,865 Sq Ft
$14,486/month Estimated
- Principal & interest
- $12,512
- Property taxes
- $589
- Home insurance (est.)
- $1,339
- Special assessments
- $46 + pending
- HOA dues
- None
20% down ($459,000) · 30-yr fixed, 7.24%
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Includes special assessments — the FM-metro cost most portals leave out. Estimates only; confirm before you offer.
Located in Lenius Beach 1st Add, Frazee, MN.
About This Home
Overlooking the iconic Little McDonald Lake, positioned on 150' of premier sandy swimming frontage, this landmark property masterfully blends absolute privacy, luxury, and breathtaking lake views. Premier in every sense, Little McDonald Lake stands as one of Minnesota's most exclusive lakes with little turnover. It's crystal-clear waters offer 30+ feet of pristine clarity, a legendary trophy walleye fishery, and perfect sandy swimming beaches, all framed by an impressive collection of high-end custom homes on large private lots that define this majestic body of water. Thoughtfully designed and extensively remodeled, this lake estate captures the essence of an upscale lake lifestyle while preserving the warmth and character of an authentic lake home. Inside, soaring vaulted ceilings, rich cedar craftsmanship, stunning Tigerwood flooring, and an impressive 20’ stone wood-burning fireplace create a dramatic, yet inviting atmosphere. The gourmet kitchen was designed for entertaining with custom maple cabinetry, exotic granite countertops, premium appliances, a wet bar, and an oversized island overlooking the lake. The spacious primary en-suite wing includes a private office both with stunning lake views, a massive walk-in closet, and a luxurious bathroom. Outdoor living is exceptional with six separate decks and patios, multiple firepit areas, beautifully landscaped grounds, a premium dock system, and private sand beach with outstanding swimming. The highly sought after 48x36 “Garage Mahal” offers over 2,500 finished sq ft with in-floor radiant heat, incredible storage capacity and a 2nd floor ideal for storage, recreation or guest quarters. An attached private lakeside guest wing complete with a kitchen, bedroom and living room with separate entrances provides ideal accommodations for guests or rental income. This really is THE home you've been waiting for, schedule a showing today!
BuyPulse · Live market read
How 38132 N Little Mcdonald Drive Compares to the Frazee Market
At $594/sqft, this home is priced $382/sqft above the typical Frazee single-family home of $212/sqft.
The median list price in Frazee is $429,000.
Verdict: Premium Pricing
Powered by the Realgorithm™ — real Frazee closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1984
- Garage
- 4-Car Detached
- Style
- One
- HOA
- None
- Annual Taxes
- $7,070.4 (2026)
- Specials/yr
- $552 + pending
Neighborhood & Schools
- Neighborhood
- Lenius Beach
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 2,905
- Below Grade Sq Ft
- 960
- Lot Size
- 1.101 acres
- Basement
- Yes
- Roof
- Asphalt
- Construction
- Frame
- County
- Otter Tail
- List Date
- 2026-05-29
- Days on Market
- 167 days
- Parcel ID
- 20000990644000
Financial
- Total Tax incl. Assessments
- $7,622
- Specials Pending
- Yes
Home Systems & Utilities
- Heating
- Baseboard, Dual Fuel/Off Peak, Forced Air, Fireplace(s), In-Floor Heating
- Cooling
- Ductless Mini-Split
- Water
- Drilled
- Sewer
- Septic System Compliant - Yes, Tank with Drainage Field
- Appliances
- Cooktop, Dishwasher, Double Oven, Dryer, Electric Water Heater, Freezer, Water Filtration System, Water Osmosis System, Microwave, Refrigerator, Wall Oven, Water Softener Owned
Interior Features
- Laundry
- Laundry Room, Main Level
- Fireplace
- 1 fireplace
Construction & Exterior
Construction & Structure
- Foundation Type
- Block, Slab
- Foundation Area
- 2,905 sqft
- Total Building Area
- 3,865 sqft
Exterior Features
- Exterior Features
- Cement Board
- View
- East, South, West
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Detached Garage, Asphalt, Heated Garage, Insulated Garage
Lot & Land
- Road Surface
- Paved Streets
- Zoning Description
- Shoreline
Waterfront
- Waterfront
- Yes
- Lake
- Little McDonald
- Lake Acres
- 1316.02 acres
- Lake Depth
- 109 ft
Agent & Office
- List Office
- Real Estate Results
Price History
- Price reduced to $2,295,000 — Jul 2, 2026
38132 N Little Mcdonald Drive is listed in Frazee, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 38132 N Little Mcdonald Drive
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View Full Listing & PhotosMLS# 7082596 · Updated September 14, 2026
Frequently Asked Questions About 38132 N Little Mcdonald Drive
- Is $2,295,000 a good price for a home in Frazee?
- According to BuyPulse, 38132 N Little Mcdonald Drive rates Premium Pricing — at $594/sqft it's priced 180% above the typical Frazee single-family home of $212/sqft. Powered by the Realgorithm™. Browse Frazee homes for sale to compare.
- What are the special assessments at 38132 N Little Mcdonald Drive — and what do they mean?
- This property has $552/yr in annual special assessments with additional 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 $7,070.4/yr. Always factor both into your total monthly housing cost before making an offer.
What special assessments cost in Fargo-Moorhead — live figures on every home for sale.
- Does 38132 N Little Mcdonald Drive have a basement?
- Yes, 38132 N Little Mcdonald Drive has a finished basement with 960 sq ft of below-grade space.
- What type of heating and cooling does 38132 N Little Mcdonald Drive have?
- 38132 N Little Mcdonald Drive has Baseboard, Dual Fuel/Off Peak, Forced Air, Fireplace(s), In-Floor Heating and Ductless Mini-Split cooling.
- Where is 38132 N Little Mcdonald Drive located?
- 38132 N Little Mcdonald Drive is in the Lenius Beach neighborhood of Frazee, MN 56544, in Otter Tail County.
- Is 38132 N Little Mcdonald Drive still available?
- Yes — 38132 N Little Mcdonald Drive is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 38132 N Little Mcdonald Drive built?
- 38132 N Little Mcdonald Drive was built in 1984. It features frame construction, an asphalt roof, and a block, slab foundation.
- Does 38132 N Little Mcdonald Drive have main-floor laundry?
- Yes — the laundry at 38132 N Little Mcdonald Drive is on the main level.
Local Companies to Help You Settle In
From inspection to closing to moving day, here are well-known local companies serving the Frazee area.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 11/12/2026, 1:53 PM CST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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