47166 Franklin Court, Pelican Rapids, MN 56572

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47166 Franklin Court, Pelican Rapids, MN 56572

$192,500

Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 572 Lot Size (sq. ft.): 436 Status: Closed

Current Price: $192,500 List Date: 4/16/2026 Last Modified: 8/27/2026

Overview

Description

PRICE REDUCTION on Franklin Lake- If you have been waiting for an easy, low maintenance way to get on Franklin Lake, this is it. This 2 bedroom, 1 bath cabin with a loft offers a relaxed lake experience with space for friends and family. The loft provides flexible sleeping or hangout space, and you will enjoy your own stairs to the lake and your own dock, perfect for swimming, fishing, or relaxing by the water. Located in a Common Interest Community, you own the cabin while sharing the grounds, and lawn care is handled for you, allowing for low maintenance lake living. The cabin is being sold fully furnished, making it move in ready. A great opportunity to get onto Franklin Lake at a more affordable price.

Listing Details MLS# 7056406

General Property Information

Assoc Mgmt Co. Phone #: 701-200-7798
Association Fee Frequency: Annually
Association Mgmt Co. Name: Franklin Lake Condominium Association
Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Waterfront YN: Yes
Year Built: 1940
Yearly/Seasonal: Seasonal
Zoning: Shoreline
Bath Three Quarters: Yes
Main Floor Total SqFt: 472
Above Grd Total SqFt: 572
Total SqFt: 572
Total Finished Sqft: 572.00
FireplaceYN: No
Lake/Waterfront Name: Franklin Lake (56075900)
Style: (SF) Single Family
Foundation Size: 472
Association Fee: 900
Acres: 0.01
Assessment Pending: No

Property Features

Accessible: None Air Conditioning: Ductless Amenities Unit: Dock Appliances: Fuel Tank - Rented; Microwave; Range; Refrigerator Association Fee Includes: Beach Access; Lawn Care; Shared Amenities; Water Basement: None Bath Description: Main Floor 3/4 Bath Construction Materials: Frame Construction Status: Previously Owned Dining Room Description: Eat In Kitchen Elevation Highpoint to Waterfront Slope: Steep Exterior: Metal Financing Terms: Cash Foundation: Combination; Concrete Block Fuel: Propane Heating: Radiator Lake Details: Hard; Rocky; Sand Lock Box Type: Combo Sewer: Holding Tank; Septic System Compliant - Yes Stories: One Water: Drilled; Shared System Waterfront Type: Lake Front Waterfront View: West

Contract Information

Off Market Date: 2026-07-01
Contingency: None
Closed Date: 2026-07-15
Original List Price: 249900
Sales Close Price: 192500
ListPrice: 220000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 47166
Street Name: Franklin
Street Suffix: Court
Postal City: Pelican Rapids
County: Otter Tail
State: MN
Zip Code: 56572
Complex/Dev/Subdivision: Franklin Lake Condos

Assessments

Assessment Installment: 85
Tax With Assessments: 1424

Building Information

Finished SqFt Above Ground: 572

More Information

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet: 26-40

Lake Details

Lake Acres: 1087
Lake Depth: 48

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 42
Section#: 26
Township#: 137

Room Information

Room Name	Level
Dining Room	Main
First (1st) Bedroom	Main
Kitchen	Main
Living Room	Main
Loft	Upper
Second (2nd) Bedroom	Main

Documents

Disclosure Statement Seller's Property D ›

MNAR - Disclosure Statement Subsurface S ›

MNAR - Disclosure Statement Well (MN-DSW ›

Location Map (1).pdf ›

MNAR - Addendum to Purchase Agreement Di ›

Resale Cert.pdf ›

Certificate of Compliance.pdf ›

Prior Disclosures- small cabin.pdf ›

CIC Documents.pdf ›

budget.pdf ›

Meeting notes.pdf ›

Franklin Lake Water Report 2 1.pdf ›

Franklin Lake Water Report 1.pdf ›

WATER TEST RESULTS.pdf ›

Updated water test.pdf ›

Listing Office: eXp Realty

Last Updated: August - 27 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.