48978 Fish Lake Road, Pelican Rapids, MN 56572
3 Beds | 1 Bath | 1,616 Sq Ft | Single Family Home | MLS# 7073039
$2,717/month Estimated
- Principal & interest
- $2,339
- Property taxes
- $128
- Home insurance (est.)
- $250
- HOA dues
- None
20% down ($85,800) · 30-yr fixed, 7.24%
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Estimates only; confirm before you offer.
About This Home
Prime Location Awaits! As the saying goes, “location, location, location!” Nestled in the picturesque lakes area, this six-acre property sits directly across from Fish/Pelican Lake and adjacent to the upcoming 165-acre Echo Bay Park! This property comprises two plotted parcels. The first includes the house, septic system, well, and 40x40 fully insulated and heated shop while the second parcel is currently free of any structures. The house would appreciate some TLC, or perhaps you envision removing it for a new opportunity! The possibilities are nearly endless—come and explore this fantastic opportunity today! Some photos have been virtually staged.
BuyPulse · Live market read
How 48978 Fish Lake Road Compares to the Pelican Rapids Market
At $265/sqft, this home is priced $120/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 $322K and $536K in Pelican Rapids:
- The field: 5 similar Pelican Rapids homes for sale — a short list right now.
- Price cuts: 2 of 5 similar homes have trimmed asking. 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
- 1959
- Garage
- 4-Car
- Style
- One
- HOA
- None
- Annual Taxes
- $1,540 (2026)
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 1,616
- Lot Size
- 6 acres
- Basement
- Yes
- Roof
- Age Over 8 Years, Asphalt
- County
- Otter Tail
- List Date
- 2026-05-15
- Days on Market
- 173 days
- Parcel ID
- 17000210290001
Financial
- Total Tax incl. Assessments
- $1,540
Home Systems & Utilities
- Heating
- Boiler, Forced Air
- Cooling
- Central Air
- Water
- Well
- Sewer
- Septic System Compliant - Yes
- Appliances
- Electric Water Heater, Range, Refrigerator
Construction & Exterior
Construction & Structure
- Foundation Type
- Block
- Foundation Area
- 1,616 sqft
- Total Building Area
- 2,192 sqft
Exterior Features
- Exterior Features
- Fiber Board
- Other Structures
- Garage(s), Workshop
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Attached Garage, Detached Garage, Asphalt
Lot & Land
- Lot Features
- Corner Lot, Tree Coverage - Medium
- Road Surface
- Paved Streets
- Zoning Description
- Residential-Single Family
Agent & Office
- List Office
- HomeSmart Adventure Realty
Price History
Listed at $429,000 on May 15, 2026 — No price changes
48978 Fish Lake Road is listed in Pelican Rapids, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 48978 Fish Lake Road
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View Full Listing & PhotosMLS# 7073039 · Updated May 27, 2026
Similar Homes for Sale Near 48978 Fish Lake Road, Pelican Rapids, MN
Frequently Asked Questions About 48978 Fish Lake Road
- Is $429,000 a good price for a home in Pelican Rapids?
- According to BuyPulse, 48978 Fish Lake Road rates Excellent Value — at $265/sqft it's priced 31% below the typical Pelican Rapids single-family home of $385/sqft. Powered by the Realgorithm™. Browse Pelican Rapids homes for sale to compare.
- Does 48978 Fish Lake Road have a basement?
- Yes, 48978 Fish Lake Road has a basement.
- What type of heating and cooling does 48978 Fish Lake Road have?
- 48978 Fish Lake Road has Boiler, Forced Air heating and Central Air cooling.
- Where is 48978 Fish Lake Road located?
- 48978 Fish Lake Road is in Pelican Rapids, MN 56572, in Otter Tail County.
- Is 48978 Fish Lake Road still available?
- Yes — 48978 Fish Lake Road is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 48978 Fish Lake Road built?
- 48978 Fish Lake Road was built in 1959. It features a block foundation.
- How many homes like 48978 Fish Lake Road are for sale in Pelican Rapids?
- 5 similar homes (single-family homes between $322K and $536K in Pelican Rapids) are for sale right now — a short list right now.
- 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, 9:39 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.