24718 W Elbow Road, Pelican Rapids, MN 56572
3 Beds | 2 Baths | 2,696 Sq Ft | Single Family Home | MLS# 7140845Lakefront on Elbow Lake · 80 acres · 45 ft deep
$3,959/month Estimated
- Principal & interest
- $3,352
- Property taxes
- $241
- Home insurance (est.)
- $359
- Special assessments
- $7
- HOA dues
- None
20% down ($122,980) · 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.
About This Home
A unique waterfront property offering privacy, quality construction, and a peaceful lakes-area setting on 5+ acres along Elbow Lake. Built in 2018, this 3-bedroom, 2-bath home features an open floor plan, 9 foot ceilings, main-level primary suite, gas fireplace in living room with 12 foot vaulted ceiling, custom kitchen with center island and stainless steel appliances, in-floor heat, and beautiful Brazilian pecan hardwood flooring. ICF construction and low-maintenance steel siding provide durability and efficiency. Enjoy the screened-in porch with built-in hot tub, stamped concrete patio, and lakeside firepit. The property offers 180 feet of lake frontage with dock included, plus a permanent deer stand built into the hillside. An insulated and heated two-stall garage adds year-round convenience, and a 20x30 concrete slab is ready for a future shop. A distinctive property for those seeking privacy, acreage, and waterfront access in the heart of lakes country.
BuyPulse · Live market read
How 24718 W Elbow Road Compares to the Pelican Rapids Market
At $228/sqft, this home is priced $157/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 $461K and $769K in Pelican Rapids:
- The field: 10 similar Pelican Rapids homes for sale — you have options.
- Price cuts: 4 of 10 similar homes have trimmed asking — median trim $17,050. 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.
Powered by the Realgorithm™ — real Pelican Rapids closings, zero guesses · NorthstarMLS
Key Features
- Built
- 2018
- Garage
- 2-Car
- Style
- Two
- HOA
- None
- Annual Taxes
- $2,889 (2026)
- Specials/yr
- $85
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 2,696
- Lot Size
- 5.02 acres
- Basement
- No
- Roof
- Age 8 Years or Less, Architectural Shingle, Asphalt
- Construction
- Frame, ICFs (Insulated Concrete Forms)
- County
- Otter Tail
- List Date
- 2026-09-14
- Days on Market
- 51 days
- Parcel ID
- 17000220297000
Financial
- Total Tax incl. Assessments
- $2,974
- Specials Pending
- No
Home Systems & Utilities
- Heating
- Boiler, Forced Air, In-Floor Heating, Zoned
- Cooling
- Central Air, Zoned
- Electric
- Circuit Breakers, 200+ Amp Service
- Water
- Private, Well
- Sewer
- Mound Septic, Private Sewer, Septic System Compliant - Yes
- Appliances
- Air-To-Air Exchanger, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Interior Features
- Laundry
- Laundry Room, Main Level, Other
- Fireplace
- 1 fireplace
Construction & Exterior
Construction & Structure
- Foundation Type
- ICFs (Insulated Concrete Forms), Slab
- Foundation Area
- 1,816 sqft
- Total Building Area
- 2,696 sqft
Exterior Features
- Exterior Features
- Metal
- Pool
- Yes
- Other Structures
- Storage Shed
- View
- Bay
- Accessibility Features
- Doors 36"+, Hallways 42"+, No Stairs External
Parking & Garage
- Parking Features
- Floor Drain, Heated Garage, Insulated Garage
Lot & Land
- Lot Features
- Accessible Shoreline
- Road Surface
- County Road
- Zoning Description
- Residential-Single Family
Waterfront
- Waterfront
- Yes
- Lake
- Elbow Lake
- Lake Acres
- 80 acres
- Lake Depth
- 45 ft
Agent & Office
- List Office
- REMAX Lakes Region
Price History
Listed at $614,900 on Sep 14, 2026 — No price changes
24718 W Elbow Road is listed in Pelican Rapids, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 24718 W Elbow Road
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View Full Listing & PhotosMLS# 7140845 · Updated October 15, 2026
Similar Homes for Sale Near 24718 W Elbow Road, Pelican Rapids, MN
- 44308 220th Avenue — $650,000 · 3 bed · 3 bath
- 22465 Seifert Beach Road — $579,000 · 3 bed · 1 bath
- 48789 County Highway 9 — $675,000 · 3 bed · 2 bath
- 44629 Crystal Hills Drive — $689,000 · 3 bed · 2 bath
- 25131 Franklin Lake Road — $699,900 · 4 bed · 4 bath
- 44591 Crystal Hills Way — $524,900 · 3 bed · 1 bath
Frequently Asked Questions About 24718 W Elbow Road
- Is $614,900 a good price for a home in Pelican Rapids?
- According to BuyPulse, 24718 W Elbow Road rates Excellent Value — at $228/sqft it's priced 41% below the typical Pelican Rapids single-family home of $385/sqft. Powered by the Realgorithm™. Browse Pelican Rapids homes for sale to compare.
- What are the special assessments at 24718 W Elbow Road — and what do they mean?
- This property has $85/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 $2,889/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 24718 W Elbow Road have?
- 24718 W Elbow Road has Boiler, Forced Air, In-Floor Heating, Zoned heating and Central Air, Zoned cooling.
- Where is 24718 W Elbow Road located?
- 24718 W Elbow Road is in Pelican Rapids, MN 56572, in Otter Tail County.
- Is 24718 W Elbow Road still available?
- Yes — 24718 W Elbow Road is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 24718 W Elbow Road built?
- 24718 W Elbow Road was built in 2018. It features frame, icfs (insulated concrete forms) construction and a icfs (insulated concrete forms), slab foundation.
- Does 24718 W Elbow Road have main-floor laundry?
- Yes — the laundry at 24718 W Elbow Road is on the main level.
- How many homes like 24718 W Elbow Road are for sale in Pelican Rapids?
- 10 similar homes (single-family homes between $461K and $769K 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, 8:49 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.