37538 Norwood Lane
Battle Lake, MNOver $65,000 in annual vacation-rental revenue — fully furnished, turnkey, and built in 2024. Oaken House offers a rare opportunity to own a nearly new Otter Tail Lake property that is already established as a successful vacation rental and ready for its next owner from day one. This beautifully finished 3-bedroom, 3-bath home features a spacious open layout, generous gathering areas, quality finishes, and an oversized 3-stall garage. Whether you're looking for an investment property, family lake retreat, or year-round home, Oaken House offers the flexibility to enjoy the property yourself while generating meaningful rental income when you're away. Located within the Norwood community, owners enjoy approximately 789 feet of shared sandy shoreline on Otter Tail Lake, a private beach area, dock and boat access, walking trails, park space, pickleball, and other shared amenities—giving you the Otter Tail Lake lifestyle without the maintenance and premium price of private shoreline. The property comes fully furnished and rental-ready, eliminating the time and expense of furnishing and setting up a vacation property from scratch. Rental history showing approximately $65,000 in annual gross revenue is available for qualified buyers. Nearly new construction. Fully furnished. Proven rental history. Otter Tail Lake access. Oaken House is ready to enjoy—and ready to earn—from day one.
Single Family
- Price
- $ 779,000
- City
- Battle Lake
- Bedrooms
- 3
- Full Bathrooms
- 2
- County
- OTTER TAIL
- Half Bathrooms
- 1
- Area
- Norwood Beach Cic 103
- Lot Size
- 0.51 Acres
- Zip
- 56515
- Sqr Footage
- 2,540
- Year Built
- 2024
- Taxes
- $ 4352
- Style
- Single Family
- MLS#
- 7077777
Features
General
Interior Features
Exterior Features
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Affordability Calculator
$3,786
Per MonthBased on the average sale price from the Faribault, MN office
- Monthly Principal & interest $2,658
- Monthly Property Taxes $1,062
- Monthly Home Insurance $67
Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
Schools
Price History
Property vs Zip Code Average in 56515
Areas That We Cover
- Belle Plaine
- Blakeley Twp
- Blooming Prairie
- Bridgewater Twp
- Cedar Lake Twp
- Credit River Twp
- Dennison
- Dundas
- Elko New Market
- Ellendale
- Erin Twp
- Faribault
- Forest Twp
- Helena Twp
- Jordan
- Kilkenny
- Lakeville
- Lonsdale
- Louisville Twp
- Medford
- Montgomery
- Morristown
- Nerstrand
- New Market Twp
- New Prague
- Northfield
- Northfield Twp
- Owatonna
- Prior Lake
- Saint Lawrence Twp
- Sand Creek Twp
- Savage
- Shakopee
- Shieldsville Twp
- Somerset Twp
- Spring Lake Twp
- Veseli
- Warsaw
- Waseca
- Waterville
- Webster
- Webster Twp
- Wells Twp
37538 Norwood Lane Battle Lake, MN is a Single Family Home for sale at $779000 with 2540 sqft and a lot size of 0.51 Acres Acre(s). 37538 Norwood Lane Battle Lake has 3 bedrooms, 2 baths and was built in 2024. The property's zip code is 56515 which is in Battle Lake, MN
*Information deemed reliable but not guaranteed.
Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.