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6950 French Lake Ct, Faribault, MN, 55021

6beds
4baths
3,818sqft
$799,000
$209price/sqft
$5,394/moest. monthly cost
$215,760/yrincome needed

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

0
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

6/10
2/10
Faribault Middle SchoolGrades 6-88.0 mi
4/10

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
    HailVery High
  • Inland Flooding
    Inland FloodingVery High
  • Strong Wind
    Strong WindVery High
  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Drought
    DroughtModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Hail
Inland Flooding
Strong Wind
Tornado
Cold Wave
Winter Weather
Drought
Ice Storm
Lightning

FEMA Declared Disasters in Rice 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 $4,040$48,480
Home Insurance *$557$6,684
Property Taxes $475$5,700
Electricity $322$3,864
Total$5,394$64,728
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$184,937/yr
40% on housing$161,820/yr
45% on housing$143,840/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: 10.8%
10.8%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 4.2%
4.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$209This listing

vs Other Active Listings

Avg $/sqft

ZIP 55021$157
Rice County$180

vs Homes Sold Last Month

Median $/sqft

ZIP 55021$154
Rice County$165

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
2026-07-29Listed for sale$799,000
2023-03-21Sold$320,000
2023-01-23Pending sale$369,000
2022-08-08Price change$369,000
2022-06-09Listed for sale$399,000

For Sale by Agent

AgentDiane Holland
BrokerageRE/MAX Venture

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