41474 460th Street Perham, MN 56573

$540,000
Active
estimated monthly payment
3 Beds  |  2 Baths  |  1,872 Sq Ft  |  Single Family  |  MLS # 6790076
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About The Listing

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


Listing courtesy of Jason Ziegler, Whitetail Properties Real Esta
Purchase Price
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Estimated Property Taxes
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Property Details

Features

 
 
 
Property Type: Single Family
Status: Active
Contingency Type: None
Year Built: 1960
MLS #: 6790076
Bedrooms: 3
Square Feet: 1,872
Bathrooms (Full): 1
Price Per Square Foot: $288
Bathrooms (Half) : 0
Bathrooms (Three Quarters) : 1
Garage Spaces: 2
Parking Description: Attached Garage
Sewer Description: Private Sewer
Air Conditioning Type: Window Unit(s)
Water: Private, Well
Heat Type: Hot Water
Basement: Finished, Full, Walkout
Construction Description: Vinyl Siding
Days On Market (Continuous): 22
Disability Features: None
Latest Update: 10/14/2025
List Date: 09/22/2025
Listing Agent ID: 498000421
Listing Office: Whitetail Properties Real Esta
Listing Office ID: 48812
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Number of Fireplaces: 0
Lot Dimensions: 54.96±
Lot Size: 54.96 Acres
Waterfront: Lake Front
School District: Perham-Dent
Tax Year: 2025
Estimated Taxes: $2,014
Contingency Type: None
City: Perham
Zip: 56573
County: Otter Tail
Subdivision: W Life Estate
State: MN

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Listing last updated: 10/14/25

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