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Lakefront Short-Term Rental Estate
For Sale
$699,000

51097 E Wymer Lake Road #1, Frazee, MN 56544

Large lakefront property with separate rental and owner living areas, indoor solarium, cinema suite, and multiple gathering spaces.

Property Size9,424 SF
Price / SF$74.17
Days on Market75

Property Features for 51097 E Wymer Lake Road #1

General Information

Standard status Active
Size 9,424 SF
Property subtype Commercial

Amenities

indoor solarium with waterfall and live trees
Cinema Suite
Great Rooms with stone fireplaces
private shoreline
lakefront

Building Details

Year Built 1960
Listing Agency: Exit Realty Refined
Listed By: The Antonov Group
Source: Theantonovgroup
Added: Aug 15 Changed: Oct 27 Last Checked: Oct 28 at 8:22AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exit Realty Refined

Rey
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Investment Insights

Based on property information with market context.

This 9,424-square-foot lakefront property combines a substantial short-term rental operation with dedicated private living space. The 10-bedroom layout includes a themed rental wing designed to sleep 20+ guests and a separate 2BR+office/1BA owner’s residence above the garage. Two large great rooms feature stone fireplaces and lake views, while a two-story indoor solarium incorporates a waterfall and live trees. A private cinema suite adds another distinctive amenity for group stays and events.

The estate occupies a double lot with 298 feet of wooded shoreline on Wymer Lake. It is currently operated as the Karinall Estate and is located 15 minutes from Detroit Lakes. Originally built in 1960, the property offers a configuration suited to short-term rental use, retreats, and multi-generational occupancy.

Key Highlights

  • 9,424‑square‑foot lakefront property on Wymer Lake
  • 298' of wooded private shoreline on a double lot
  • 10 bedrooms, including a rental wing designed to sleep 20+ guests

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Location Intelligence

Trade Area within ½ mile

11
Businesses Nearby

Demographics for 56544, MN

5,361
Population
2,735
Households
2
Avg Household Size
41
Median Age
21%
College-Educated
93%
High-School Grad
198.0 sq mi
ZIP Area
27
Density / Sq Mi
$72,742
Median Household Income
$40,625
Median Earnings
$882
Median Rent
$235,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Short term rental property - Large lakefront property with separate rental and owner living areas, indoor solarium, cinema suite, and multiple gathering spaces.
Where is this short term rental property located?
The property is located at 51097 E Wymer Lake Road #1 Frazee, MN.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 9,424‑square‑foot lakefront property on Wymer Lake; 298' of wooded private shoreline on a double lot; 10 bedrooms, including a rental wing designed to sleep 20+ guests
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