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45329 Red Pine Loop, Perham, MN, 56573

6beds
8baths
13,991sqft
$14,000,000
$1,001price/sqft
$89,052/moest. monthly cost
$3,562,080/yrincome needed

About This Home

Nestled on the serene lake shores in Central Minnesota this mansion boasts Tuscan-inspired design w/warm earthy tones, Venetian plaster walls, a majestic grand staircase & expansive picturesque views from the spacious living and dining rooms. The gourmet kitchen has top-of-the-line appliances, granite countertops, a butler's pantry & a walk-in storage pantry. Unending dining space from the eat-in kitchen w/fireplace, to the dining room & formal dining room. The luxurious main floor primary suite has its own sitting room w/fireplace designed for comfort, privacy and relaxation. The basement is a fantastic place to entertain w/large family room, wet bar, billiards room and not 1, but 2 wine cellars that hold 3000 bottles! The charming tasting room offers a special place to host guests. The detached garage is a car collectors dream with its ability to display 20 cars. There is Fiberoptic High Speed internet for video conferencing and a nearby airport supporting a 5200 ft runway.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
22
BikeSomewhat Bikeable

Schools

6/10
7/10
Perham Senior High SchoolGrades 9-123.1 mi

Construction

Condition

  • Year built: 2005

Materials

  • Roof: Age Over 8 Years,Tile

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

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

Basement

  • Has basement: Yes
  • Basement: Concrete,Storage Space

Bathroom

  • Level: Main

Bathroom

  • Level: Main

Bathroom

  • Level: Second

Bathroom

  • Level: Second

Bathroom

  • Level: Second

Bathroom

  • Level: Main

Bathroom

  • Level: Basement

Bedroom

  • Level: Main

Bedroom2

  • Level: Main

Bedroom3

  • Level: Second

Bedroom4

  • Level: Second

Bedroom5

  • Level: Second

Bedroom6

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 8
  • Full bathrooms: 4
  • 3/4 bathrooms: 2
  • 1/2 bathrooms: 2

Dining Room

  • Level: Main

Dining Room

  • Level: Main

Family Room

  • Level: Main

Family Room

  • Level: Basement

Features

  • Central Vacuum
  • Number of fireplaces: 6
  • Fireplace features: Gas,Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 4,692
  • Finished area above ground: 9,299

Flex Room

  • Level: Basement

Heating & Cooling

  • Heating features: Forced Air,Humidifier,In-Floor Heating
  • Cooling features: Central Air

Interior Area

  • Total structure area: 13,991
  • Total interior livable area: 13,991 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Main

Living Room

  • Level: Main

Mud Room

  • Level: Main

Other

  • Level: Basement

Other

  • Level: Basement

Other

  • Level: Main

Other

  • Level: Basement

Other

  • Level: Main

Other

  • Level: Basement

Other

  • Level: Basement

Play Room

  • Level: Basement

Storage

  • Level: Basement

Sun Room

  • Level: Main

Sun Room

  • Level: Basement

Utility Room

  • Level: Basement

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 51000990287000
  • Zoning description: Residential-Single Family
  • Foundation area: 6347

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Terrace
  • On waterfront: Yes
  • Waterfront features: Lake Front
  • Frontage length: Water Frontage: 330

Lot

  • Lot size: 5.96 Acres
  • Lot size dimensions: Irregular

Parking

  • Total spaces: 23
  • Parking features: Attached,Detached Garage,Driveway - Other Surface,Floor Drain,Garage,Heated Garage
  • Has garage: Yes
  • Attached garage spaces: 23
  • Covered spaces: 23
  • 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
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Winter Weather
Cold Wave
Inland Flooding
Strong Wind
Tornado
Hail
Lightning
Wildfire

FEMA Declared Disasters in Otter Tail 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 $70,791$849,492
Home Insurance *$7,722$92,664
Property Taxes $9,359$112,308
Electricity $1,180$14,160
Total$89,052$1,068,624
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$3,053,211/yr
40% on housing$2,671,560/yr
45% on housing$2,374,720/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: 12.3%
12.3%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,001This listing

vs Other Active Listings

Avg $/sqft

ZIP 56573$145
Otter Tail County$183

vs Homes Sold Last Month

Median $/sqft

ZIP 56573$208
Otter Tail County$152

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)

No zestimate history available

Price History

DateEventPrice
2024-06-19Listed for sale$14,000,000

For Sale by Agent

AgentBeau Flom
BrokerageFpG Realty

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