1705 Oakwood Terrace, Albert Lea, MN 56007 - Photo 1

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$35,000

For Sale
Active
Lots/Land
0.33 Acres

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Property Description

This could be where you build your dream home! Explore the possibilities on Oakwood Terrace with this vacant lot offering about 77 feet of frontage on Albert Lea Lake. Seller has improved the property with DNR approved grading a path to the shoreline. Purchase this lot individually or consider acquiring the adjacent available lot to create a larger combined property with added space and flexibility. Approximately 5,050 sq ft is believed to be available for building. Buyer to verify all intended uses, utilities, zoning, building requirements and shoreline restrictions.

Full Property Details

Full Property Details for 1705 Oakwood Terrace

General

Price: $35,000
Taxes: $532 (2026)
Status: Active
Type: Lots/Land
Source: NorthStarMLS_RMLS
MLS ID: 7117989
Updated: 7/30/2026
Added to Site: 29 day(s) ago

Location

County: Freeborn
Township: Albert Lea
Subdivision: Oak Knoll Sub
Driving Directions: South on S. Broadway, turn left onto S. Shore Dr. then left onto Oakwood Terrace. Property is on the left at 1705 Oakwood Terrace.

School Information

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

Utilities

Utility Description: Electricity Available, Natural Gas Available, None Connected, Sewer Available, Storm Sewer Available, Phone Available, Water Available

Lot Features

Lot Size (Acres): 0.33
Lot Dimensions: 112 x 143 x 79 x 156
Frontage: City Street
Development Status: Rough Grade
Zoning: Residential-Multi-Family, Shoreline, Residential-Single Family
Lot Description: Additional Land Available, Accessible Shoreline, Irregular Lot, Heavy Tree Coverage

Water Features

Water Front Desc.: Deeded Access, Lakefront, Lake View
Water Front Feet: 77
Water Front Elev.: 40
Lake Front: Yes
Lake Bottom: Soft, Undeveloped

Financial Considerations

Tax Amount: $532.48
Tax Year: 2026

Disclosures and Reports

Legal Description: SECT-22 TWP-102 RANGE-021 OAK KNOLL SUBDIVISION LOT-012 BLOCK-003 LOT 12 BLK 3 OAK KNOLL ADDN WALL SHORE SEC 22
CC&Rs: Yes
Restrictions: Open
Inclusions: Survey, Survey Stakes
Property ID: 343350320

Listed by Leland Realty

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— 1705 Oakwood Terrace —

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Schools

Schools serving 1705 Oakwood Terrace

School District:Albert Lea Public School District

Name	Grades	Distance
Halverson Elementary School 707 East 10th Street, Albert Lea, MN 56007	K-5	1.1 mi
Southwest Middle School 1601 West Front Street, Albert Lea, MN 56007	6-7	3 mi
Albert Lea Senior High School 2000 Tiger Lane, Albert Lea, MN 56007	8-12	3.4 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 1705 Oakwood Terrace Get Price Alerts and Save Property

Date

Details

Price

Change

Source

7/27/2026

Listed

$35,000

16.67%

MLS

11/30/2020

Sold

$30,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 1705 Oakwood Terrace

Year

Property Taxes

Change

Tax Assessment

Change

2025

$1,000

10%

$21,000

-65%

2024

$908

-1%

$60,000

233%

2023

$918

11%

$18,000

—

2023

$830

288%

$18,000

82%

2020

$214

-56%

$9,900

-56%

2019

$484

-2%

$22,600

100%

2018

$492

-33%

100%

2016

$738

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Estimate the Cost for 1705 Oakwood Terrace

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1705 Oakwood Terrace, Albert Lea, MN 56007 (MLS# 7117989) is a Lots/Land property with a lot size of 0.33 acres. 1705 Oakwood Terrace is currently listed for $35,000 and was received on July 27, 2026. Want to learn more about 1705 Oakwood Terrace? Do you have questions about finding other Lots/Land 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.

1705 Oakwood Terrace Albert Lea, MN 56007