6551 164th St SE Atwater, MN 56209
Estimated payment $6,427/month
Highlights
- 750 Feet of Waterfront
- No HOA
- 2 Car Attached Garage
- Sun or Florida Room
- Stainless Steel Appliances
- Walk-In Closet
About This Home
**Executive Acreage Estate on Lake Elizabeth – Atwater, MN**
Stunning panoramic lake views, acres of space, and a home that feels brand new—welcome to this executive retreat on ±10 acres and approximately 750' of Lake Elizabeth shoreline. This remarkable property has been entirely rebuilt by Streling Construction down to the studs, offering nearly 4,700 finished sq. ft. of modern luxury and timeless design.
Inside, you’ll find 5 bedrooms, 4 bathrooms, and two private bedroom suites. The open-concept main floor features a custom kitchen with granite countertops and stainless steel appliances, a lake-facing sunroom, and a cozy living room gas fireplace. Immense natural light pours in through large windows, creating an inviting atmosphere throughout. A walkout basement with a concrete safe room, generous storage, and its own laundry adds both comfort and security. A second laundry room is located on the main floor for convenience.
The finishing touches are nearly complete, including a new lakeside composite deck with black metal railings and glass walls, as well as interior staircase and sunroom trim.
Outdoors, the property is enhanced by boulder retaining walls, manicured trees, and updated landscaping. Two impressive outbuildings provide endless possibilities: a 40' x 90' building with new steel and a 72' x 65' concrete-floored building. (Insulating and lining the two sheds can be negotiated). On the shoreline, enjoy your private boat landing and boat house—ideal for lakeside living and recreation.
With room for livestock or horses and the option to purchase additional acreage up to 19.5 acres, this estate offers both luxury and flexibility. The septic system is compliant, making this a turn-key opportunity.
Don’t miss the drone video and virtual tours—this is your chance to own one of Lake Elizabeth’s premier acreages. Some of the pictures are virtually staged.
Highlights:
* 4,700 finished sq. ft. | 5 bedrooms | 4 baths
* Two bedroom suites, multiple living areas, sunroom
* All new: roof, siding, windows, insulation, walls, wiring, flooring, cabinetry, doors, trim & more
* Walkout basement with safe room
* Two laundry rooms
* Two outbuildings for storage, livestock, or hobbies
* Boulder landscaping, trimmed trees, updated grounds
* Private boat landing & boat house on Lake Elizabeth
* Compliant septic | Additional land available up to 19.5 acres
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,518
Year Built
- Built in 1992
Lot Details
- 10 Acre Lot
- 750 Feet of Waterfront
- Lake Front
- Few Trees
Parking
- 2 Car Attached Garage
- Insulated Garage
Interior Spaces
- 1-Story Property
- Brick Fireplace
- Gas Fireplace
- Family Room
- Living Room with Fireplace
- Combination Kitchen and Dining Room
- Sun or Florida Room
- Utility Room
Kitchen
- Range
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 5 Bedrooms
- En-Suite Bathroom
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
- Basement Storage
Utilities
- Forced Air Heating and Cooling System
- Propane
- Private Water Source
- Septic System
Additional Features
- Patio
- Tillable Land
- Zoned For Horses
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 240040025
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 | $4,518 | $536,700 | $165,300 | $371,400 |
| 2024 | $4,208 | $520,700 | $162,200 | $358,500 |
| 2023 | $4,388 | $483,700 | $137,200 | $346,500 |
| 2022 | $4,552 | $462,900 | $137,200 | $325,700 |
| 2021 | $4,522 | $420,600 | $135,600 | $285,000 |
| 2020 | $4,532 | $415,700 | $135,500 | $280,200 |
| 2019 | $5,530 | $415,000 | $135,500 | $279,500 |
| 2018 | $5,158 | $412,700 | $135,500 | $277,200 |
| 2017 | $5,426 | $413,200 | $135,500 | $277,700 |
| 2016 | $5,442 | $4,505 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/19/2025 09/19/25 | For Sale | $1,150,000 | +82.5% | $246 / Sq Ft | |
| 12/09/2024 12/09/24 | Sold | $630,000 | 0.0% | $135 / Sq Ft | View Prior Sale |
| 12/09/2024 12/09/24 | For Sale | $630,000 | -- | $135 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $630,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $630,000 | New Conventional |
Source: NorthstarMLS
MLS Number: 6788659
APN: 24-004-0025
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