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$732,852

  • Sold
  • Closed
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 3 Partial Baths
  • 4,486 Sq. Ft.
  • 3 Car Garage
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Rare opportunity to own one of Southern Minnesota's great lake homes. Unparalleled lakefront living with panoramic views of Fountain Lake with this stunning 3 bedroom, 4 bathroom home. Designed by a Beverly Hills based designer of celebrity kitchens and living spaces, this home is built for entertaining friends and quiet times with family. The chef's kitchen opens to a spectacular great room with soaring ceilings and a wall of windows that includes a dining area, family room, and living room all with lake views. The home sits on the point of Edgewater Bay which provides both privacy and spectacular lake views. Take advantage of touring this home and take the first step to enjoying lakeside living.

Full Property Details for 1516 Bay Oaks Dr

General

  • Sold For: $732,852
  • Taxes: $11,592 (2024)
  • Status: Closed
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6638372
  • Added to Site: 529 day(s) ago

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Description: 32 x 28
  • Garage Spaces: 3
  • Parking Features: Attached Garage, Concrete, Floor Drain, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, Storage

School Information

  • School District: 241 - Albert Lea
  • High School District: Albert Lea

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air, Fireplace(s), Space Heater
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Water Features

  • Water Front Desc.: Lakefront
  • Water Front Feet: 125
  • Water Front Elev.: 15-26
  • Lake Front: Yes
  • Lake Bottom: Undeveloped

Financial Considerations

  • Tax Amount: $11,592
  • Tax Year: 2024
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: Lot 5, Block 1 Bay Oaks Estates
  • Property ID: 341580050

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1516 Bay Oaks Dr

School District:Albert Lea Public School District
NameGradesDistance
Sibley Elementary School
1501 West Front Street, Albert Lea, MN 56007
K-51.5 mi
Southwest Middle School
1601 West Front Street, Albert Lea, MN 56007
6-71.5 mi
Albert Lea Senior High School
2000 Tiger Lane, Albert Lea, MN 56007
8-122.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1516 Bay Oaks Dr

Date
Details
Price
Change
Source
4/23/2026
Sold
$732,852
-13.77%
MLS
6/06/2025
Price Reduced
$849,900
-5.56%
MLS
4/28/2025
Price Reduced
$899,900
-5.26%
MLS
12/10/2024
Listed
$949,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Just Listed near 1516 Bay Oaks Dr

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82090 State Hwy 251, Hollandale, MN 56045 - Photo 1 Just Listed
$149,000

82090 State Hwy 251  Hollandale, MN 56045

  • Single Family
  • Active
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  • 3
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  • 2
    Total Baths
  • 1,203
    Sq. Ft.
Listed by eXp Realty
1406 26th St SW, Austin, MN 55912 - Photo 1 Just Listed
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1406 26th St SW  Austin, MN 55912

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    Sq. Ft.
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1501 7th Ave NW, Austin, MN 55912 - Photo 1 Just Listed
$125,000

1501 7th Ave NW  Austin, MN 55912

  • Single Family
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  • Updated 1 day ago
  • 2
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  • 2
    Total Baths
  • 1,212
    Sq. Ft.
Listed by RE/MAX Results
27884 560th Ave, Austin, MN 55912 - Photo 1 Just Listed
$274,900

27884 560th Ave  Austin, MN 55912

  • Single Family
  • Active
  • Updated 1 day ago
  • 2
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  • 1
    Total Bath
  • 1,223
    Sq. Ft.
Listed by Real Broker, LLC.

Price Reduced near 1516 Bay Oaks Dr

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15913 810th Ave, Glenville, MN 56036 - Photo 1 Price Reduced
-$25,004 (-4%)
$599,995

15913 810th Ave  Glenville, MN 56036

  • Single Family
  • Active
  • Updated 1 day ago
  • 4
    Beds
  • 4
    Total Baths
  • 3,453
    Sq. Ft.
Listed by Century 21 Atwood
219 Main St E, Clarks Grove, MN 56016 - Photo 1 Price Reduced
-$26,000 (-6.1%)
$399,900

219 Main St E  Clarks Grove, MN 56016

  • Single Family
  • Active
  • Updated 3 days ago
  • 4
    Beds
  • 4
    Total Baths
  • 3,240
    Sq. Ft.
Listed by Dan Reese Realty
201 Euclid St, Alden, MN 56009 - Photo 1 Price Reduced
-$7,600 (-11.26%)
$59,900

201 Euclid St  Alden, MN 56009

  • Single Family
  • Active
  • Updated 2 days ago
  • 2
    Beds
  • 1
    Total Bath
  • 624
    Sq. Ft.
Listed by Robert Hoffman Realty Inc.
245 3rd Ave SE, Wells, MN 56097 - Photo 1 Price Reduced
-$14,000 (-12.84%)
$95,000

245 3rd Ave SE  Wells, MN 56097

  • Single Family
  • Active
  • Updated 5 days ago
  • 2
    Beds
  • 2
    Total Baths
  • 1,110
    Sq. Ft.
Listed by Brad Heggen Realty, Inc

Recent Sales near 1516 Bay Oaks Dr

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2722 Campus Ln, Albert Lea, MN 56007 - Photo 1 Sold
$660,000

2722 Campus Ln  Albert Lea, MN 56007

  • Single Family
  • Closed
  • 3
    Beds
  • 3
    Total Baths
  • 5,398
    Sq. Ft.
Listed and Sold by Leland Realty
72203 Wineglass Road, Albert Lea, MN 56007 - Photo 1 Sold
$665,000

72203 Wineglass Road  Albert Lea, MN 56007

  • Single Family
  • Closed
  • 4
    Beds
  • 3
    Total Baths
  • 3,742
    Sq. Ft.
Listed by Edina Realty, Inc.
Sold by Robert Hoffman Realty Inc.

1516 Bay Oaks Drive, Albert Lea, MN 56007 (MLS# 6638372) is a Single Family property that was sold at $732,852 on April 23, 2026. Want to learn more about 1516 Bay Oaks Drive? Do you have questions about finding other Single Family real estate for sale in Albert Lea? You can browse all Albert Lea real estate or contact a Coldwell Banker agent to request more information.