TBD Lot 5 317th St — Land, Underwood, MN 56586
Land | MLS# 7025969
Price Drop on M Markdowns — was $140,000 (↓ $1,000)
$784/month Estimated
- Principal & interest
- $703
- Property taxes
- $0
- Home insurance (est.)
- $81
- HOA dues
- None
20% down ($27,800) · 30-yr fixed, 6.5% · Can I afford this home?
Estimates only; confirm before you offer.
About This Home
Round Lake Lot #5! This expansive 2.71-acre lake lot overlooks Beautiful Round Lake just 15 mins north of Underwood, MN. Lot 5 has a nice flat, level entry from the road and gradually slopes towards the south-facing lake frontage. This is where you build your dream home! 221 feet of lake frontage provides access to the lake, 88 acres in size with a max depth of 34’ and 16.1’ of water clarity on the Secchi disk. Northern Pike, Largemouth Bass, and Bluegill are the dominant gamefish species. Water recreation is open to jet skis, tubing, skiing and boating! Otter Tail Lake is just 15 mins away and Fergus Falls is only 25 mins. Come walk this lake lot to put your dream home into vision. It will be worth your time if you’ve been dreaming of the perfect location.
Virtual Tour
Key Features
- HOA
- None
- Annual Taxes
- $1 (2026)
Property Details
- Property Type
- Land
- Lot Size
- 2.71 acres
- Basement
- No
- County
- Otter Tail
- List Date
- 2026-02-24
- Days on Market
- 231 days
- Parcel ID
- 38000990904000
Financial
- Total Tax incl. Assessments
- $1
Home Systems & Utilities
Utilities
- Utilities
- Electricity Available, None Connected, Propane Available, Private Well Available
Construction & Exterior
Exterior Features
- View
- Panoramic, South
Lot & Land
- Topography
- Gently Rolling
- Road Surface
- No Outlet/Dead End
- Zoning Description
- Shoreline,Residential-Single Family
Waterfront
- Waterfront
- Yes
Agent & Office
- List Office
- Jack Chivers Realty
Price History
Reduced $60,000 (30.2%)
- Price reduced to $199,000 — Apr 20, 2026
- Price reduced to $140,000 — Jun 24, 2026
- Price reduced to $139,000 — Jul 19, 2026
TBD Lot 5 317th St is listed in Underwood, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — TBD Lot 5 317th St
Associate Broker · Modern Market REALTORS®
Your Underwood real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by Jack Chivers Realty · Shown by Modern Market REALTORS®
First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.
View Full Listing & PhotosMLS# 7025969 · Data refreshed July 19, 2026
Frequently Asked Questions About TBD Lot 5 317th St
- Where is TBD Lot 5 317th St located?
- TBD Lot 5 317th St is in Underwood, MN 56586, in Otter Tail County.
- Is TBD Lot 5 317th St still available?
- Yes — TBD Lot 5 317th St is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- How walkable is TBD Lot 5 317th St?
- TBD Lot 5 317th St has a Walk Score of 0/100 (Car-Dependent) and a Bike Score of 20/100 (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 Underwood area.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/13/2026, 7:47 PM 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.