41474 460th St Perham, MN 56573
Estimated payment $3,000/month
Highlights
- 2,000 Feet of Waterfront
- 2,394,058 Sq Ft lot
- 2 Car Attached Garage
- Perham Senior High School Rated A-
- No HOA
- Living Room
About This Home
In over 15 years of selling real estate, I have not listed a property that offers this many possibilities. Located just outside of Perham on the shore of Schuster Lake, this one-of-a-kind offering features a three-bedroom, two-bath home, Highway 10 frontage, more than 2,000 feet of shoreline, wooded acreage, and tillable land under pivot irrigation. The combination of amenities creates an incredible range of options for the next owner. You can enjoy it as a private lake retreat—Schuster Lake has no public access—while generating income from the tillable ground. The Highway 10 frontage also provides outstanding visibility and makes this an ideal candidate for potential commercial use. With the extensive shoreline, there is investment potential in subdividing and selling lake lots, or simply enjoy it as your year-round home or seasonal lake cabin.
Schuster Lake is known for being deep, clean, and cool, providing excellent fishing and recreation. Anglers can target crappie, bluegill, bass, northern pike, and perch, and the water quality ensures great table fare. In addition to boating and summer fun, the property offers excellent winter recreation with ice fishing and snowmobiling right out your door. For hunters, the land provides solid deer, turkey and waterfowl hunting. Conveniently located only 3.5 miles from downtown Perham and its growing community, this property is positioned to serve as a dream home location, commercial investment, development opportunity, or all-season getaway. Properties with this level of versatility are rare—don’t miss the chance to make it your own.
*3 bedroom, 2 bath home — move-in ready or ideal as a lake cabin
*Over 2,000 feet of shoreline on Schuster Lake
*Lake is deep, clean, and cool with excellent fishing and recreation
*Species include crappie, bluegill, bass, northern pike, and perch
*No public access to the lake — enjoy added privacy
*Tillable acres under pivot irrigation with income
*Highway 10 frontage with outstanding visibility
*Commercial or development possibilities with prime road exposure
*Strong hunting opportunities for deer, turkey, and waterfowl
*Year-round recreation including boating, ice fishing, and snowmobiling
*Just 3.5 miles from downtown Perham and its thriving community
*Rare opportunity combining residential, investment, and recreational value
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,014
Year Built
- Built in 1960
Lot Details
- 54.96 Acre Lot
- 2,000 Feet of Waterfront
- Lake Front
- Zoning described as Agriculture
Parking
- 2 Car Attached Garage
Home Design
- Vinyl Siding
Interior Spaces
- 1-Story Property
- Family Room
- Living Room
- Dining Room
- Utility Room
Bedrooms and Bathrooms
- 3 Bedrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Window Unit Cooling System
- Hot Water Heating System
- Propane
- Private Water Source
- Well
Community Details
- No Home Owners Association
- W Life Estate Subdivision
Listing and Financial Details
- Assessor Parcel Number 51000050066000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,014 | $449,500 | $292,300 | $157,200 |
| 2024 | $1,850 | $388,200 | $279,300 | $108,900 |
| 2023 | $1,912 | $349,500 | $248,200 | $101,300 |
| 2022 | $1,586 | $191,200 | $0 | $0 |
| 2021 | $1,608 | $349,500 | $248,200 | $101,300 |
| 2020 | $1,562 | $232,800 | $160,200 | $72,600 |
| 2019 | $1,566 | $237,000 | $177,400 | $59,600 |
| 2018 | $1,516 | $233,200 | $173,600 | $59,600 |
| 2017 | $1,696 | $230,000 | $175,100 | $54,900 |
| 2016 | $802 | $228,000 | $173,300 | $54,700 |
| 2015 | $746 | $0 | $0 | $0 |
| 2014 | -- | $254,500 | $200,700 | $53,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/22/2025 09/22/25 | For Sale | $540,000 | -- | $288 / Sq Ft |
Source: NorthstarMLS
MLS Number: 6790076
APN: 51000050066000
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