51313 Knoll Road, Pelican Rapids, MN 56572
4 Beds | 4 Baths | 3,996 Sq Ft | Single Family Home | MLS# 7064420Lakefront on Pelican Lake · 3,962 acres · 55 ft deep
Price Drop on M Markdowns — was $1,459,000 (↓ $60,000)
$9,462/month Estimated
- Principal & interest
- $7,627
- Property taxes
- $1,012
- Home insurance (est.)
- $816
- Special assessments
- $7
- HOA dues
- None
20% down ($279,800) · 30-yr fixed, 7.24%
Try our home affordability calculator
Includes special assessments — the FM-metro cost most portals leave out. Estimates only; confirm before you offer.
50 earns the badge · a typical active home here scores ~0
This home has sat well past the local pace — time is working in a buyer's favor.
- 187 days on market — more than double the usual 66 days
- Price cut 4.1% (−$60,000)
- No negative signals found in the listing history
MMR track record: Offer-Ready homes closed a median 12% below their highest asking price — vs 3% for non-flagged reduced homes. MMR analysis of 79 vs 998 NorthstarMLS sales, updated monthly.
How the 0–100 Offer-Ready Score works →
Offer-Ready Score is a Modern Market REALTORS® calculation from NorthstarMLS listing data — not MLS-provided data.
Located in Martin Knoll, Pelican Rapids, MN.
About This Home
NEW PRICE + FULLY FURNISHED! This is lake life done right. Turnkey and completely remodeled from top to bottom, this 4-bedroom, 4-bath home sits on over 2 acres with an impressive 241 feet of Pelican Lake shoreline—and the furniture is now included. Inside, you’ll find loads of natural light, beautifully refinished hardwood floors, a custom kitchen made for gathering, and two true primary suites, along with a massive main floor bedroom offering flexibility for guests, multi-generational living, or a private retreat. The lower level provides even more room to spread out with a spacious family room and bar, additional bedroom, flex space, large bonus room, and laundry. Outside, the property is designed for enjoying lake life with an outdoor kitchen, hot tub, electric tram to the water, updated exterior, new septic system, and two garages with plenty of room for vehicles and lake toys. The 3-bay Gal-Va-Dock system and three boat lifts are also included. Located less than half a mile from Zorbaz, this is an incredible opportunity to own a turnkey, fully furnished Pelican Lake property with everything in place to start enjoying lake life year-round from day one.
Virtual Tour
BuyPulse · Live market read
How 51313 Knoll Road Compares to the Pelican Rapids Market
At $350/sqft, this home is priced $35/sqft below the typical Pelican Rapids single-family home of $385/sqft.
The median list price in Pelican Rapids is $675,000.
Verdict: Strong Value
Homes like this one — single-family homes between $1.0M and $1.7M in Pelican Rapids:
- The field: 4 similar Pelican Rapids homes for sale — a short list right now.
- Price cuts: none of the 4 similar homes have trimmed asking yet. This one already cut $60,000.
- 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
- 1948
- Garage
- 4-Car
- Style
- One
- HOA
- None
- Annual Taxes
- $12,149 (2026)
- Specials/yr
- $85
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 2,184
- Below Grade Sq Ft
- 1,812
- Lot Size
- 2.249 acres
- Basement
- Yes
- Roof
- Age 8 Years or Less, Architectural Shingle
- County
- Otter Tail
- List Date
- 2026-05-01
- Days on Market
- 187 days
- Parcel ID
- 55000990479001
Financial
- Total Tax incl. Assessments
- $12,234
- Specials Pending
- No
Home Systems & Utilities
- Heating
- Forced Air
- Cooling
- Central Air
- Water
- Private
- Sewer
- Septic System Compliant - Yes
- Appliances
- Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Microwave, Refrigerator, Stainless Steel Appliances, Washer
Interior Features
- Laundry
- Laundry Room, Upper Level
- Fireplace
- 1 fireplace
Construction & Exterior
Construction & Structure
- Foundation Type
- Poured Concrete
- Foundation Area
- 1,812 sqft
- Total Building Area
- 3,996 sqft
Exterior Features
- Exterior Features
- Vinyl
- Other Structures
- Workshop
- View
- Lake
- Accessibility Features
- No Stairs Internal
Parking & Garage
- Parking Features
- Attached Garage, Detached Garage, Concrete, Finished Garage, Heated Garage, Insulated Garage, Paved Lot
Lot & Land
- Lot Features
- Accessible Shoreline, Irregular Lot, Tree Coverage - Light
- Zoning Description
- Residential-Single Family
Waterfront
- Waterfront
- Yes
- Lake
- Pelican
- Lake Acres
- 3961.76 acres
- Lake Depth
- 55 ft
Agent & Office
- List Office
- REALTY XPERTS
Price History
Reduced $196,000 (12.3%)
- Price reduced to $1,595,000 — May 29, 2026
- Price reduced to $1,499,000 — Jun 22, 2026
- Price reduced to $1,479,000 — Jul 23, 2026
- Price reduced to $1,459,000 — Aug 27, 2026
- Price reduced to $1,399,000 — Sep 15, 2026
51313 Knoll Road is listed in Pelican Rapids, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 51313 Knoll Road
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 REALTY XPERTS · Shown by Modern Market REALTORS®
Buying a home in Pelican Rapids? — dedicated buyer representation from pre-approval through closing.
View Full Listing & PhotosMLS# 7064420 · Updated October 29, 2026
Similar Homes for Sale Near 51313 Knoll Road, Pelican Rapids, MN
Frequently Asked Questions About 51313 Knoll Road
- Is $1,399,000 a good price for a home in Pelican Rapids?
- According to BuyPulse, 51313 Knoll Road rates Strong Value — at $350/sqft it's priced 9% 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 51313 Knoll 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 $12,149/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 51313 Knoll Road have a basement?
- Yes, 51313 Knoll Road has a basement with 1,812 sq ft of below-grade space.
- What type of heating and cooling does 51313 Knoll Road have?
- 51313 Knoll Road has Forced Air heating and Central Air cooling.
- Where is 51313 Knoll Road located?
- 51313 Knoll Road is in the Martin Knoll neighborhood of Pelican Rapids, MN 56572, in Otter Tail County.
- Is 51313 Knoll Road still available?
- Yes — 51313 Knoll Road is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 51313 Knoll Road built?
- 51313 Knoll Road was built in 1948. It features a poured concrete foundation.
- Does 51313 Knoll Road have main-floor laundry?
- No — the laundry at 51313 Knoll Road is on the upper level.
- How many homes like 51313 Knoll Road are for sale in Pelican Rapids?
- 4 similar homes (single-family homes between $1.0M and $1.7M in Pelican Rapids) are for sale right now — a short list right now.
- 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.
- 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.