42340 County Highway 1, Ottertail, MN 56571
4 Beds | 3 Baths | 3,736 Sq Ft | Single Family Home | MLS# 7133430
M Markdowns — Price Reduced — was $1,999,000 (↓ $49,000)
Is 42340 County Highway 1 a Good Deal?
BuyPulse Verdict
Premium Pricing
At $522/sqft — This home is priced 121% above the typical Ottertail single-family home of $236/sqft.
Powered by the Realgorithm™ — 26 active Ottertail listings · NorthstarMLS
$11,767/month Estimated
- Principal & interest
- $9,860
- Property taxes
- $730
- Home insurance (est.)
- $1,138
- Special assessments
- $39
- HOA dues
- None
20% down ($390,000) · 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
This home has it all - with one level living and a flat, level lot! Plenty of spaces both grand and cozy - inside and out. Highest quality materials and finishes throughout the home. The list of features is long. Western Red Cedar exterior and Marvin Windows. Exterior re-stained in 2023. Extensive use of the same wood inside also. New Geothermal heating and cooling system in 2024. Very high efficiency keeping utility costs low. Forced air backup furnace and a/c also. Both garages are heated and insulated - heated floors in main garage. 3 patios and a porch to enjoy the outdoors from different vantage points. Long lake views and excellent sand beach. Living and dining room furnishings along with the dock and boat lift can stay. There's still time to enjoy a little summer and fall seasons.
Key Features
- Built
- 2010
- Garage
- 8-Car Attached
- Style
- One
- HOA
- None
- Annual Taxes
- $8,757 (2026)
- Specials/yr
- $471
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 3,736
- Lot Size
- 1.13 acres
- Basement
- No
- Roof
- Architectural Shingle, Asphalt, Pitched
- Construction
- Block, Post and Beam, Frame, Stone
- County
- Otter Tail
- List Date
- 2026-08-25
- Days on Market
- 48 days
- Parcel ID
- 46000040017008
Financial
- Total Tax incl. Assessments
- $9,228
- Specials Pending
- No
Home Systems & Utilities
- Heating
- Ductless Mini-Split, Forced Air, Geothermal, In-Floor Heating
- Cooling
- Central Air, Ductless Mini-Split, Geothermal
- Electric
- Circuit Breakers, 200+ Amp Service
- Water
- Well
- Sewer
- Mound Septic, Tank with Drainage Field
- Appliances
- Central Vacuum, Cooktop, Dishwasher, Disposal, Dryer, Electronic Air Filter, Exhaust Fan, Freezer, Gas Water Heater, Water Filtration System, Microwave, Refrigerator, Wall Oven, Washer, Water Softener Owned
Interior Features
- Laundry
- Laundry Room, Main Level
- Fireplace
- 1 fireplace
Construction & Exterior
Construction & Structure
- Foundation Type
- Slab
- Foundation Area
- 3,100 sqft
- Total Building Area
- 3,736 sqft
Exterior Features
- Exterior Features
- Stone, Cedar, Shakes
- Fenced Area
- Yes
- Other Structures
- Garage(s)
- View
- Lake, Panoramic, South
- Accessibility Features
- Doors 36"+, No Stairs External, No Stairs Internal, Partially Wheelchair
Parking & Garage
- Parking Features
- Attached Garage, Asphalt, Floor Drain, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, Multiple Garages
Lot & Land
- Lot Features
- Accessible Shoreline, Tree Coverage - Medium, Underground Utilities
- Road Surface
- County Road, Paved Streets
- Zoning Description
- Residential-Single Family
Waterfront
- Waterfront
- Yes
Agent & Office
- List Office
- Hawk Realty Company
Price History
Reduced $135,000 (6.5%)
- Price reduced to $2,085,000 — Sep 1, 2026
- Price reduced to $1,999,000 — Sep 15, 2026
- Price reduced to $1,950,000 — Oct 1, 2026
42340 County Highway 1 is listed in Ottertail, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 42340 County Highway 1
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View Full Listing & PhotosMLS# 7133430 · Data refreshed October 1, 2026
Frequently Asked Questions About 42340 County Highway 1
- Is $1,950,000 a good price for a home in Ottertail?
- According to BuyPulse, 42340 County Highway 1 rates Premium Pricing — at $522/sqft it's priced 121% above the typical Ottertail single-family home of $236/sqft. Powered by the Realgorithm™. Browse Ottertail homes for sale to compare.
- What are the special assessments at 42340 County Highway 1 — and what do they mean?
- This property has $471/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 $8,757/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.
- What type of heating and cooling does 42340 County Highway 1 have?
- 42340 County Highway 1 has Ductless Mini-Split, Forced Air, Geothermal, In-Floor Heating and Central Air, Ductless Mini-Split, Geothermal cooling.
- Where is 42340 County Highway 1 located?
- 42340 County Highway 1 is in Ottertail, MN 56571, in Otter Tail County.
- Is 42340 County Highway 1 still available?
- Yes — 42340 County Highway 1 is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 42340 County Highway 1 built?
- 42340 County Highway 1 was built in 2010. It features block, post and beam, frame, stone construction and a slab foundation.
- Does 42340 County Highway 1 have main-floor laundry?
- Yes — the laundry at 42340 County Highway 1 is on the main level.
- How walkable is 42340 County Highway 1?
- 42340 County Highway 1 has a Walk Score of 0/100 (Car-Dependent) and a Bike Score of 25/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- 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.
Local Companies to Help You Settle In
From inspection to closing to moving day, here are well-known local companies serving the Ottertail area.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/13/2026, 6:31 AM CDT. 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.
IDX information is provided exclusively 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.