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519 N Lakeshore Dr, Lake City, MN, 55041

5beds
3baths
3,112sqft
$649,000
$209price/sqft
$4,766/moest. monthly cost
$190,640/yrincome needed

About This Home

A Rare Investment and Flexible Living Opportunity! This is more than a home—it's a property that adapts to changing lifestyles. Whether your buyers are searching for an investment property, vacation rental, or flexible residence with future income potential, this exceptional property deserves a closer look. Less than ten years old, and just 35 miles from Rochester and 45 minutes to South Saint Paul, this exceptional home is the only newer property located just a few blocks from downtown Lake City, offering the convenience of walking to local restaurants, parks, the marina, scenic trails, waterfront attractions, and charming shops—a lifestyle that is truly unmatched. 519 N. Lakeshore Drive was intentionally created with adaptable living in mind. The home's unique layout allows owners to enjoy shared spaces while maintaining independence. With a private lower-level entrance, two rear exterior doors, and an interior staircase that locks from both levels, the home can function as one spacious residence or provide two distinct living areas whenever life calls for a little extra separation. Inside, expansive windows frame breathtaking views of Lake Pepin and Maiden Rock Bluff, filling the home with natural light and offering front-row seats to soaring bald eagles, passing sailboats, cruise ships, barges, and the changing beauty of every season. Three of the home's five generously sized bedrooms enjoy spectacular lake views, creating peaceful retreats. The open-concept main level was designed for gathering. The spacious kitchen features a large center island, custom backsplash, espresso soft-close Thomasville cabinetry, and beautiful Austin Antico Silver granite countertops throughout with warm white, silver, black, and copper tones. Whether hosting dinners, celebrating life's milestones, or enjoying everyday life, this space naturally becomes the heart of the home. Additional flexibility includes a generous mudroom and laundry area, plus a main-floor 'flex' room that can easily serve as a fifth bedroom, nursery, or private space for those who prefer main-level living. Outdoor living is just as inviting, with two spacious decks, a screened front porch, a private lower-level patio, mature perennial and pollinator gardens, and multiple places to relax while taking in panoramic lake views. The oversized 3½-car garage and expansive off-street parking provide room for multiple vehicles, recreational equipment, an RV, or a fishing boat—another uncommon feature in this highly desirable neighborhood. Beyond its beauty, this home was custom built with long-term comfort and efficiency in mind. Modern construction, with a poured concrete foundation and James Hardie siding, a $26,000 solar energy system, and numerous recent updates help keep maintenance low and utility costs remarkably affordable while providing peace of mind for years to come. For those who want to live close without sacrificing personal space, few homes offer this level of flexibility. 519 N. Lakeshore Drive offers a rare combination of thoughtful design, modern comfort, low maintenance, stunning lake views, and an exceptional location—making it one of Lake City's most unique homes.

Getting Around

52
WalkingSomewhat Walkable
0
TransitVery Limited Transit
59
BikeBikeable

Schools

5/10
7/10
Lincoln SecondaryGrades 7-120.6 mi

Construction

Condition

  • Year built: 2017

Materials

  • Roof: Age Over 8 Years,Architectural Shingle,Metal
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Disposal,Dryer,Electronic Air Filter,ENERGY STAR Qualified Appliances,Gas Water Heater,Microwave,Range,Refrigerator,Stainless Steel Appliance(s),Washer
  • Laundry features: Laundry Closet,Main Level

Basement

  • Has basement: Yes
  • Basement: Finished,Full,Other,Storage Space

Bathroom

  • Level: Main
  • Area: 80
  • Dimensions: 10x08

Bathroom

  • Level: Basement
  • Area: 81
  • Dimensions: 09x09

Bedroom

  • Level: Main
  • Area: 143
  • Dimensions: 13x11

Bedroom2

  • Level: Upper
  • Area: 156
  • Dimensions: 13x12

Bedroom3

  • Level: Upper
  • Area: 130
  • Dimensions: 13x10

Bedroom4

  • Level: Upper
  • Area: 180
  • Dimensions: 15x12

Bedroom5

  • Level: Basement
  • Area: 180
  • Dimensions: 15x12

Bedrooms & Bathrooms

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

Family Room

  • Level: Basement
  • Area: 160
  • Dimensions: 20x08

Features

  • Number of fireplaces: 1
  • Fireplace features: Gas
  • Fireplace: Yes
  • Finished area below ground: 1,000
  • Finished area above ground: 2,112

Great Room

  • Level: Main
  • Area: 160
  • Dimensions: 16x10

Heating & Cooling

  • Heating features: Forced Air,Fireplace(s)
  • Cooling features: Central Air,Zoned

Interior Area

  • Total structure area: 3,112
  • Total interior livable area: 3,112 sqft

Kitchen

  • Level: Main
  • Area: 176
  • Dimensions: 16x11

Mud Room

  • Level: Main
  • Area: 36
  • Dimensions: 06x06

Other

  • Level: Upper
  • Area: 70
  • Dimensions: 10x07

Utility Room

  • Level: Basement
  • Area: 162
  • Dimensions: 18x09

Walk In Closet

  • Level: Basement
  • Area: 65
  • Dimensions: 13x05

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: R220112600
  • Zoning description: Shoreline,Residential-Single Family
  • Foundation area: 1144

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Covered,Deck,Enclosed,Front Porch,Screened
  • Fencing: Partial,Wood
  • Has view: Yes
  • View description: Panoramic,Lake
  • Has water view: Yes
  • Water view: Lake
  • Waterfront features: Lake View
  • Topography of land: Solar Oriented

Lot

  • Lot size: 8,755 sqft
  • Features: Near Public Transit
  • Lot size dimensions: 75 x 117

Parking

  • Total spaces: 3
  • Parking features: Detached Garage,Concrete,Electric,Garage Door Opener,Gravel,Other
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • 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

  • Strong Wind
    Strong WindVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

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

FEMA Declared Disasters in Wabasha 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 $3,281$39,372
Home Insurance *$390$4,680
Property Taxes $833$9,996
Electricity $262$3,149
Total$4,766$57,192
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$163,405/yr
40% on housing$142,980/yr
45% on housing$127,093/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: 8.4%
8.4%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
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 55041$188
Wabasha County$261

vs Homes Sold Last Month

Median $/sqft

ZIP 55041$161
Wabasha County$162

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
2026-08-03Price change$649,000
2026-07-20Price change$699,000
2026-07-07Listed for sale$729,000
2020-06-25Sold$347,000
2020-06-25Listed for sale$349,900
2020-05-22Pending sale$349,900
2020-03-17Price change$349,900
2020-02-10Price change$359,900
2019-12-26Price change$339,900
2019-11-20Price change$350,000
2019-10-14Price change$359,900
2019-05-20Listed for sale$375,000
2019-01-14Listing removed$1,600
2019-01-11Listed for rent$1,600
2015-09-23Sold$46,000
2015-08-27Listed for sale$34,999
2015-08-25Pending sale$34,999
2015-08-14Listed for sale$34,999

For Sale by Agent

AgentLisa J Zmuda
BrokerageLakes Sotheby's International Realty

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