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3307 Island Dr NE, Alexandria, MN, 56308

5beds
4baths
4,308sqft
$800,000
$186price/sqft
$5,417/moest. monthly cost
$216,680/yrincome needed

About This Home

Cross the bridge and feel the shift. Life slows down, the water surrounds you, and this beautifully updated island home on Lake Le Homme Dieu welcomes you into a setting few ever experience. Set on nearly an acre with approximately 350 feet of natural shoreline, this year-round residence offers protected lagoon frontage with a permanent dock—providing calmer waters and added convenience throughout the seasons. Spend more time enjoying the lake and less time managing it. Inside, 3,815 finished square feet blend warmth and functionality. The open-concept kitchen and living area anchor the home, featuring a large L-shaped island with seating for four, stainless steel appliances, double wall ovens, walk-in pantry, and a natural gas fireplace for cozy evenings. Seamless flow from the dining area to the outdoor kitchen and deck creates effortless indoor-outdoor entertaining. The upper-level hosts four bedrooms, including a vaulted primary suite with exposed beam detail and water views overlooking the dock. One upper-level bedroom currently serves as a lake-facing office. The lower level adds a fifth bedroom with new egress window and a theater room accented with wood beams—ideal for movie nights or game days. Outdoor living is where this property truly shines: • Lakeside outdoor kitchen and entertaining area • Firepit near the shoreline • 350ft of lakefront with approximately 4’ depth at the dock • Beautiful sunset views from the front of the home • Mature trees offering seasonal privacy The heated four-stall garage with in-floor heat and drains includes dedicated boat storage on the lakeside, while the widened driveway provides additional parking for guests. Mechanical updates include reverse osmosis system (2017), new water heater (2024), and new well pressure tank (2025). See supplements for the truly extensive improvement list. Located just 5 miles from downtown Alexandria, with boat access to restaurants, marina fuel, and resorts on the chain. Snowmobile trail access located just down the shoreline to enjoy the 360+ miles of trails in the county during the winter. An island association maintains the water in the lagoon with an aeration system, weed control and future maintenance. An exceptional opportunity to own on a private nine-home island setting while staying close to everything the Alexandria lakes area has to offer. Yamaha boat available for purchase separately.

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
19
BikeSomewhat Bikeable

Schools

6/10
6/10
8/10

Construction

Condition

  • Year built: 1970

Materials

  • Roof: Asphalt
  • Construction materials: Block,Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Central Vacuum,Cooktop,Dishwasher,Double Oven,Dryer,Electric Water Heater,Exhaust Fan,Water Filtration System,Water Osmosis System,Microwave,Refrigerator,Stainless Steel Appliance(s),Wall Oven,Washer,Water Softener Owned
  • Laundry features: Electric Dryer Hookup,Laundry Room,Main Level,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Block,Drainage System,Egress Window(s),Finished,Full,Storage Space

Bathroom

  • Level: Main
  • Area: 16.5
  • Dimensions: 5'6 x 3

Bathroom

  • Level: Upper
  • Area: 38.6667
  • Dimensions: 8 x 4'10

Bathroom

  • Level: Lower
  • Area: 36.8889
  • Dimensions: 6'11 x 5'4

Bedroom

  • Level: Upper
  • Area: 184.7222
  • Dimensions: 14'7 x 12'8

Bedroom2

  • Level: Upper
  • Area: 105.5556
  • Dimensions: 12'8 x 8'4

Bedroom3

  • Level: Upper
  • Area: 123.8542
  • Dimensions: 12'1 x 10'3

Bedroom4

  • Level: Upper
  • Area: 158.6667
  • Dimensions: 14 x 11'4

Bedroom5

  • Level: Lower
  • Area: 161.1111
  • Dimensions: 13'4 x 12'1

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 1
  • 3/4 bathrooms: 2
  • 1/2 bathrooms: 1

Dining Room

  • Level: Main
  • Area: 163.1667
  • Dimensions: 14'10 x 11

Family Room

  • Level: Lower
  • Area: 361.375
  • Dimensions: 24'6 x 14'9

Features

  • Central Vacuum
  • Number of fireplaces: 1
  • Fireplace features: Brick,Gas
  • Fireplace: Yes
  • Finished area below ground: 939
  • Finished area above ground: 2,876

Foyer

  • Level: Main
  • Area: 103.1875
  • Dimensions: 10'7 x 9'9

Heating & Cooling

  • Heating features: Forced Air,Fireplace(s),In-Floor Heating
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,308
  • Total interior livable area: 4,308 sqft

Kitchen

  • Level: Main
  • Area: 563.2222
  • Dimensions: 24'8 x 22'10

Laundry

  • Level: Main
  • Area: 123.7361
  • Dimensions: 12'7 x 9'10

Living Room

  • Level: Main
  • Area: 486.3889
  • Dimensions: 34'4 x 14'2

Other

  • Level: Main
  • Area: 204.1667
  • Dimensions: 16'8 x 12'3

Primary Bathroom

  • Level: Upper
  • Area: 81.3333
  • Dimensions: 10'2 x 8

Storage

  • Level: Lower
  • Area: 144.6389
  • Dimensions: 13'8 x 10'7

Storage

  • Level: Lower
  • Area: 32
  • Dimensions: 8 x 4

Utility Room

  • Level: Lower
  • Area: 253.75
  • Dimensions: 24'2 x 10'6

Utility Room

  • Level: Lower
  • Area: 103.8889
  • Dimensions: 14'8 x 7'1

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 030141000
  • Zoning description: Shoreline,Residential-Single Family
  • Foundation area: 1560

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck,Porch
  • Has view: Yes
  • View description: Bay,East
  • Has water view: Yes
  • Water view: Bay
  • On waterfront: Yes
  • Waterfront features: Lake Front,Waterfront Elevation(10-15),Lake Bottom(Soft)
  • Frontage length: Water Frontage: 350

Lot

  • Lot size: 0.95 Acres
  • Features: Accessible Shoreline,Irregular Lot,Island/Peninsula,Tree Coverage - Light
  • Lot size dimensions: 300,190,358

Parking

  • Total spaces: 4
  • Parking features: Attached,Asphalt,Garage,Garage Door Opener,Heated Garage,Insulated Garage,Tuckunder Garage
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Winter Weather
Cold Wave
Strong Wind
Tornado
Hail
Inland Flooding
Lightning

FEMA Declared Disasters in Douglas County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,045$48,540
Home Insurance *$470$5,640
Property Taxes $539$6,468
Electricity $363$4,360
Total$5,417$65,004
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$185,725/yr
40% on housing$162,510/yr
45% on housing$144,453/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.8%
11.8%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 3.1%
3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$186This listing

vs Other Active Listings

Avg $/sqft

ZIP 56308$179
Douglas County$185

vs Homes Sold Last Month

Median $/sqft

ZIP 56308$167
Douglas County$149

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-06Price change$950,000
2026-04-15Price change$1,050,000
2026-03-12Price change$1,075,000
2026-01-06Price change$1,215,000
2025-11-24Listed for sale$1,250,000
2016-08-08Sold$340,000
2015-05-26Sold$340,000

For Sale by Agent

AgentNicole Doering
BrokerageEdina Realty, Inc.

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