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$646,200 -$36,300 (-5.32%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 6 Beds
  • 5 Full Baths
  • 1 Partial Bath
  • 5,648 Sq. Ft.
  • 3 Car Garage
  • Updated 4 days ago
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Spacious lakefront home located on Lake Mary, one of the Alexandria area's largest and most well-known recreational lakes, offering boating, fishing, and year-round enjoyment, with expansive open-water views. Lake Mary spans approximately 2,450 acres, making it a premier destination within the Alexandria lakes region. The home offers substantial square footage across multiple levels, including six bedrooms and six bathrooms, a walkout lower level, and multiple living and gathering areas oriented toward the lake. Features include large windows with water views, fireplaces, upper-level suites with private baths, and multiple decks overlooking the lake. The main level includes a private living area with bedroom, bathroom, living room, and kitchen, providing flexible use for guests or extended stays. Attached three-stall garage and existing lake stairs. Property is being sold as-is and presents an opportunity to update and personalize a large Lake Mary home to current tastes.

Full Property Details for 5023 W Lake Mary Dr SW

General

  • Price: $646,200
  • Taxes: $7,211 (2025)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7001956
  • Updated: 1/14/2026
  • Added to Site: 27 day(s) ago

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 3
  • Fireplace(s): Family Room, Living Room

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • 3/4 Bathrooms: 1

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Dining Room: Breakfast Area, Informal Dining Room, Kitchen/Dining Room
  • Formal Dining Room: Breakfast Area, Informal Dining Room, Kitchen/Dining Room
  • Laundry: Lower Level, Laundry Room, Lower Level, Laundry Room

Additional Information

  • Amenities: Ceiling Fan(s), Deck, Hardwood Floors, Kitchen Window, Primary Bedroom Walk-In Closet, Main Floor Primary Bedroom, Natural Woodwork, Porch, Vaulted Ceiling(s)

Exterior

  • Porch/Patio/Deck: Deck, Porch

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Description: 42 x 22
  • Garage Spaces: 3
  • Parking Features: Attached Garage, Finished Garage

Location

  • County: Douglas
  • Township: Alexandria
  • Subdivision: Sunset Bay
  • Driving Directions: From Alexandria take Hwy 27 West to East on Cty 27. Left on County 91 SW continuing on W Lake Mary Rd to property on left.

School Information

  • School District: 1015 - Alexandria
  • High School District: Alexandria

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Propane

Utilities

  • Sewer: City Sewer Connected
  • Water: Well

Structural Information

  • Exterior Const.: Concrete, Frame
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Daylight/Lookout Windows, Finished, Full
  • Foundation Size: 2356
  • Roof: Asphalt
  • Disability Access: None
  • Square Feet: 5,648
  • Above Ground: 3,512 Sq. Ft.
  • Below Ground: 2,356 Sq. Ft.
  • Year Built: 2003

Additional Structures

  • Other Structures: Storage Shed

Lot Features

  • Lot Size (Acres): 0.46
  • Lot Dimensions: 80 42 113 71 147 138
  • Zoning: Residential-Single Family
  • Lot Description: Accessible Shoreline, Medium Tree Coverage
  • Fencing (Description): Partial, Privacy

Water Features

  • Water Front Desc.: Lakefront
  • Water Front Feet: 147
  • Lake Front: Yes
  • Lake Bottom: Weeds

Financial Considerations

  • Tax Amount: $7,211
  • Tax Year: 2025
  • Terms: Conventional, FHA 203(k), Cash

Disclosures and Reports

  • Legal Description: SEC-05 TWP-127 RANG-38 LOT-022 BLK-001 SUNSET BAY AC .46
  • Property ID: 300082105

Listed by Gallery of Homes

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— 5023 W Lake Mary Dr SW —

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Schools serving 5023 W Lake Mary Dr SW

School District:Alexandria Public School District
NameGradesDistance
Lincoln Elementary School, Alexandria, MN
1120 Lark Street, Alexandria, MN 56308
K-65.1 mi
Discovery Junior High School
510 North Mc Kay Avenue Northeast, Alexandria, MN 56308
7-97.1 mi
Alexandria Area High School
4300 Pioneer Road Southeast, Alexandria, MN 56308
10-126 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5023 W Lake Mary Dr SW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/14/2026
Price Reduced
$646,200
-5.32%
MLS
12/22/2025
Listed
$682,500
—
MLS
Get Price Alerts and Save Property
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 for 5023 W Lake Mary Dr SW

Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,212
-1%
$843,700
3%
2023
$7,294
8%
$818,400
4%
2023
$6,738
9%
$786,900
15%
2022
$6,178
—
$687,200
16%
2021
$6,158
-4%
$592,500
4%
2018
$6,424
16%
$571,000
2%
2019
$5,520
2%
$559,100
3%
2018
$5,438
5%
$543,900
3%
2017
$5,194
-3%
$526,100
5%
2016
$5,354
—
$499,550
—
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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5023 W Lake Mary Drive SW, Alexandria, MN 56308 (MLS# 7001956) is a Single Family property with 6 bedrooms, 5 full bathrooms and 1 partial bathroom. 5023 W Lake Mary Drive SW is currently listed for $646,200 and was received on December 22, 2025. Want to learn more about 5023 W Lake Mary Drive SW? Do you have questions about finding other Single Family real estate for sale in Alexandria? You can browse all Alexandria real estate or contact a Coldwell Banker agent to request more information.

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