Is $749,900 a good price for a home in Pelican Rapids?

According to BuyPulse, 17021 470th Street rates Excellent Value — at $312/sqft it's priced 19% below the typical Pelican Rapids single-family home of $385/sqft. Powered by the Realgorithm™.

Does 17021 470th Street have a basement?

Yes, 17021 470th Street has a basement with 1,100 sq ft of below-grade space.

What type of heating and cooling does 17021 470th Street have?

17021 470th Street has Forced Air, Fireplace(s) heating and Central Air cooling.

Where is 17021 470th Street located?

17021 470th Street is in Pelican Rapids, MN 56572, in Otter Tail County.

Is 17021 470th Street still available?

Yes — 17021 470th Street is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.

When was 17021 470th Street built?

17021 470th Street was built in 1995. It features log construction, a metal roof, and a other, wood foundation.

Does 17021 470th Street have main-floor laundry?

No — the laundry at 17021 470th Street is in the lower level.

How many homes like 17021 470th Street are for sale in Pelican Rapids?

12 similar homes (single-family homes between $562K and $937K in Pelican Rapids) are for sale right now — you have options.

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.

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 1 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 2 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 3 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 4 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 5 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 6 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 7 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 8 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 9 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 10 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 11 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 12 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 13 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 14 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 15 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 16 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 17 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 18 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 19 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 20 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 21 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 22 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 23 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 24 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 25 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 26 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 27 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 28 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 29 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 30 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 31 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 32 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 33 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 34 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 35 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 36 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 37 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 38 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 39 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 40 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 41 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 42 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 43 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 44 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 45 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 46 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 47 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 48 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 49 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 50 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 51 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 52 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 53 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 54 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 55 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 56 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 57 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 58 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 59 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 60 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 61 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 62 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 63 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 64 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 65 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 66 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 67 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 68 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 69 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 70 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 71 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 72 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 73 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 74 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 75 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 76 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 77 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 78 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 79 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 80 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 81 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 82 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 83 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 84 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 85 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 86 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 87 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 88 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 89 of 90)

1995 single family home for sale at 17021 470th Street in Pelican Rapids, MN — 3 bed, 2 bath (photo 90 of 90)

17021 470th Street, Pelican Rapids, MN 56572

Name: Open House - 4:30 PM - 6:00 PM
Start: 2026-11-06T22:30:00+00:00
End: 2026-11-07T00:00:00+00:00
Location: 17021 470th Street

3 Beds | 2 Baths | 2,404 Sq Ft | Single Family Home | MLS# 7165493Lakefront on Pete Lake · 144 acres · 16 ft deep

$749,900

$4,757/month Estimated

Principal & interest: $4,088
Property taxes: $232
Home insurance (est.): $437
HOA dues: None

20% down ($149,980) · 30-yr fixed, 7.24%

Try our home affordability calculator

Estimates only; confirm before you offer.

Pelican Rapids, MN Active

About This Home

PRIVACY. SERENITY. EXTRAORDINARY LAKEFRONT LIVING. Discover a rare opportunity to own your own private peninsula with 10.4 breathtaking acres and over 1,400 feet of shoreline on private Pete Lake. Surrounded by water and natural beauty, this custom built 3 bedroom, 2 bathroom log home retreat delivers incredible privacy, panoramic lake views, and the ultimate year round escape. Thoughtfully updated throughout, the home features beautiful stone countertops, a welcoming family room and bar area with a cozy gas fireplace, a brand new furnace with central air conditioning, and a new mound septic system. The impressive detached shop features newly poured concrete floors, spray foam insulation, and heat, offering exceptional space for hobbies, storage, and all your recreational toys. Outside, enjoy a covered porch, a lakeside deck, spacious garden area, trails through the woods, and endless opportunities for fishing, boating, and exploring nature right outside your door. All this just minutes from shopping, medical facilities, and everyday conveniences. This is an extraordinary opportunity to own a truly remarkable lakefront retreat! Listing agent is related to Sellers.

BuyPulse · Live market read

How 17021 470th Street Compares to the Pelican Rapids Market

At $312/sqft, this home is priced $73/sqft below the typical Pelican Rapids single-family home of $385/sqft.

The median list price in Pelican Rapids is $675,000.

Verdict: Excellent Value

Homes like this one — single-family homes between $562K and $937K in Pelican Rapids:

The field: 12 similar Pelican Rapids homes for sale — you have options.
Price cuts: 3 of 12 similar homes have trimmed asking — median trim $20,000. This one hasn't budged.
Too few have sold recently to chart how fast they go or how they close — BuyPulse won't estimate those off a thin sample.

Key Features

Built: 1995
Garage: 2-Car Attached
Style: One
HOA: None
Annual Taxes: $2,778 (2026)

Property Details

Property Type: Single Family
Above Grade Sq Ft: 1,304
Below Grade Sq Ft: 1,100
Lot Size: 10.4 acres
Basement: Yes
Roof: Metal
Construction: Log
County: Otter Tail
List Date: 2026-10-27
Days on Market: 8 days
Parcel ID: 55000290207001

Financial

Total Tax incl. Assessments: $2,778

Home Systems & Utilities

Heating: Forced Air, Fireplace(s)
Cooling: Central Air
Electric: Circuit Breakers, 200+ Amp Service
Water: Drilled, Well
Sewer: Mound Septic, Septic System Compliant - Yes
Appliances: Dishwasher, Dryer, Electric Water Heater, Fuel Tank - Rented, Microwave, Range, Refrigerator, Washer, Water Softener Owned

Interior Features

Laundry: Lower Level, Laundry Room
Fireplace: 1 fireplace

Construction & Exterior

Construction & Structure

Foundation Type: Other, Wood
Foundation Area: 1,304 sqft
Total Building Area: 2,608 sqft

Exterior Features

Exterior Features: Log
Other Structures: Workshop
View: Lake
Accessibility Features: None

Parking & Garage

Parking Features: Attached Garage, Gravel, Floor Drain, Garage Door Opener, Insulated Garage

Lot & Land

Lot Features: Accessible Shoreline, Irregular Lot, Tree Coverage - Medium
Road Surface: Township
Zoning Description: Residential-Single Family

Waterfront

Waterfront: Yes
Lake: Pete Lake
Lake Acres: 144 acres
Lake Depth: 16 ft

Agent & Office

List Office: Keller Williams Realty Professionals

Price History

Listed at $749,900 on Oct 27, 2026 — No price changes

17021 470th Street is listed in Pelican Rapids, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.

Showing — 17021 470th Street

Shannon Barnum

Associate Broker · Modern Market REALTORS®

Your Pelican Rapids real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.

See all Pelican Rapids homes ›

Listed by Keller Williams Realty Professionals · Shown by Modern Market REALTORS®

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MLS# 7165493 · Updated October 29, 2026

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Frequently Asked Questions About 17021 470th Street

Is $749,900 a good price for a home in Pelican Rapids?: According to BuyPulse, 17021 470th Street rates Excellent Value — at $312/sqft it's priced 19% below the typical Pelican Rapids single-family home of $385/sqft. Powered by the Realgorithm™. Browse Pelican Rapids homes for sale to compare.
Does 17021 470th Street have a basement?: Yes, 17021 470th Street has a basement with 1,100 sq ft of below-grade space.
What type of heating and cooling does 17021 470th Street have?: 17021 470th Street has Forced Air, Fireplace(s) heating and Central Air cooling.
Where is 17021 470th Street located?: 17021 470th Street is in Pelican Rapids, MN 56572, in Otter Tail County.
Is 17021 470th Street still available?: Yes — 17021 470th Street is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
When was 17021 470th Street built?: 17021 470th Street was built in 1995. It features log construction, a metal roof, and a other, wood foundation.
Does 17021 470th Street have main-floor laundry?: No — the laundry at 17021 470th Street is in the lower level.
How many homes like 17021 470th Street are for sale in Pelican Rapids?: 12 similar homes (single-family homes between $562K and $937K in Pelican Rapids) are for sale right now — you have options.
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 Pelican Rapids area.

Listings courtesy of NorthstarMLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 11/04/2026, 7:59 AM 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.

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.