Sold: Perham MLS# 6792742
Sold
$540,000 (list price)
$475,000
Lot/Land: Lot/Land
Built 1960
54.96 acres
MLS# 6792742
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Property Description
In over 15 years of selling real estate, I have not listed a property that offers this many possibilities. Located just outside of Perham on the shore of Schuster Lake, this one-of-a-kind offering features a three-bedroom, two-bath home, Highway 10 frontage, more than 2, 000 feet of shoreline, wooded acreage, and tillable land under pivot irrigation. The combination of amenities creates an incredible range of options for the next owner. You can enjoy it as a private lake retreat—Schuster Lake has no public access—while generating income from the tillable ground. The Highway 10 frontage also provides outstanding visibility and makes this an ideal candidate for potential commercial use. With the extensive shoreline, there is investment potential in subdividing and selling lake lots, or simply enjoy it as your year-round home or seasonal lake cabin.
Schuster Lake is known for being deep, clean, and cool, providing excellent fishing and recreation. Anglers can target crappie, bluegill, bass, northern pike, and perch, and the water quality ensures great table fare. In addition to boating and summer fun, the property offers excellent winter recreation with ice fishing and snowmobiling right out your door. For hunters, the land provides solid deer, turkey and waterfowl hunting. Conveniently located only 3.5 miles from downtown Perham and its growing community, this property is positioned to serve as a dream home location, commercial investment, development opportunity, or all-season getaway. Properties with this level of versatility are rare—don’t miss the chance to make it your own.
*3 bedroom, 2 bath home — move-in ready or ideal as a lake cabin
*Over 2, 000 feet of shoreline on Schuster Lake
*Lake is deep, clean, and cool with excellent fishing and recreation
*Species include crappie, bluegill, bass, northern pike, and perch
*No public access to the lake — enjoy added privacy
*Tillable acres under pivot irrigation with income
*Highway 10 frontage with outstanding visibility
*Commercial or development possibilities with prime road exposure
*Strong hunting opportunities for deer, turkey, and waterfowl
*Year-round recreation including boating, ice fishing, and snowmobiling
*Just 3.5 miles from downtown Perham and its thriving community
*Rare opportunity combining residential, investment, and recreational value
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$540,000
Sold Price:
$475,000
Sold Date:
04/03/2026
Property Type:
Lot/Land
City:
Perham
County:
Otter Tail
Year Built:
1960
State:
MN
Property Style:
Lot/Land
Zip Code:
56573
Subdivision Name:
W Life Estate
Lake & Waterfront
WF Frontage:
2000
Waterfront:
Lake Front
Lot & Land
Acres:
54.96
Geolocation:
46.62673, -95.630136
Inclusions:
None
Lot Dimensions:
54.96±
Restrictions:
Open
Zoning:
Agriculture
Farm
Topography:
Level
Schools
School District:
1955
District Phone:
2183464501
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,014
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,014
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Development Status:
Other
Improvements:
None
Available Utilities:
- Electricity Available
- Electricity Connected
- Private Well Connected
- Propane Available
- Propane Connected
- Sewer Available
- Sewer Connected
- Water Available
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Whitetail Properties Real Esta.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.