




6950 French Lake Ct, Faribault, MN, 55021
About This Home
A rare opportunity to own twin homes 6950 and 6960 on the shores of French Lake! Whether you're searching for a family retreat, an income-producing investment, or the perfect way to enjoy lake living while offsetting your mortgage, this property being sold as one unit offers endless possibilities. Each side features a Split-Level Home with an updated interior. Both have a full kitchen, 3 bedrooms, 2 bathrooms, laundry, and spacious living areas designed for comfortable everyday living or memorable weekend getaways. Step outside to private decks for each, with stair access leading directly to the lake. The lake access to spend your days boating, fishing, kayaking, or simply relaxing by the water. The level shoreline has 2 picnic and firepit areas for those long fun on the lake days. The possibilities are endless! Purchase with another family and enjoy your own private side-by-side lake homes, live in one unit while generating income by renting the other, or maximize your investment by renting both units for long-term or short-term stays. One unit is currently owner-occupied, while the second is operating as a successful Airbnb (6960 French Lake Court). To make the transition seamless, the seller is including all Airbnb furnishings and contents, along with transferring future confirmed bookings to the new owner (if that is the buyer's intent). The property also includes two docks, a pontoon, two kayaks, and life jackets, so you can begin enjoying the lake from day one. Properties offering this level of flexibility are incredibly hard to find. Whether you're dreaming of sharing lake memories with family, building wealth through rental income, or creating the ultimate vacation getaway, this French Lake property delivers the perfect combination of lifestyle, versatility, and investment potential.
Getting Around
Schools
Construction
Condition
- Year built: 1975
Materials
- Roof: Asphalt
- Construction materials: Frame
Type & Style
- Home type: SingleFamily
- Property subType: Twin Home
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Gas Water Heater,Microwave,Range,Refrigerator,Washer,Water Softener Owned
- Laundry features: Lower Level
Basement
- Has basement: Yes
- Basement: Egress Window(s),Full,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 2
Features
- Finished area below ground: 1,658
- Finished area above ground: 2,160
Heating & Cooling
- Heating features: Boiler
- Cooling features: Ductless Mini-Split
Interior Area
- Total structure area: 4,320
- Total interior livable area: 3,818 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 1007351006
- Attached to another structure: Yes
- Zoning description: Residential-Single Family
- Foundation area: 2160
Features
- Levels: Multi/Split
- Patio & porch: Deck
- On waterfront: Yes
- Waterfront features: Lake Front
Lot
- Lot size: 0.39 Acres
- Features: Accessible Shoreline,Tree Coverage - Medium
- Lot size dimensions: Irregular
Parking
- Parking features: Gravel
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
- Hail
- Inland Flooding
- Strong Wind
- Tornado
- Cold Wave
- Winter Weather
- Drought
- Ice Storm
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Rice County and Minnesota
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,040 | $48,480 |
| Home Insurance * | $557 | $6,684 |
| Property Taxes | $475 | $5,700 |
| Electricity | $322 | $3,864 |
| Total | $5,394 | $64,728 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-29 | Listed for sale | $799,000 |
| 2023-03-21 | Sold | $320,000 |
| 2023-01-23 | Pending sale | $369,000 |
| 2022-08-08 | Price change | $369,000 |
| 2022-06-09 | Listed for sale | $399,000 |
