1334 Oak Beach Drive, Fairmont, MN 56031

$399,000
Property Type: Multi-Family Bedrooms: 6 Baths: 5 Square Footage: 4,656 Lot Size (sq. ft.): 14,375 Status: Active
Current Price: $399,000 List Date: 2/02/2026 Last Modified: 5/08/2026

Overview

Description

Duplex Living on Budd Lake – A Rare Opportunity! Nestled along the shores of Fairmont’s picturesque Budd Lake, this left and right duplex offers a unique blend of comfortable living, income potential, and serene lakefront views. Whether you're looking for a multi-generational living setup, a smart investment, or a place to call home with the bonus of a rental, this property has it all — including a charming boathouse overlooking the water and breathtaking sunsets you’ll never tire of. South Side Unit: This spacious unit welcomes you with an inviting eat-in kitchen and a combined living/dining room that opens into a den or home office, complete with a cozy gas fireplace — a perfect spot for chilly evenings. This flexible space could also serve as a main-floor bedroom. The main level also features a ½ bath and a peaceful screened-in porch to enjoy lakeside breezes. Upstairs, you’ll find two bedrooms and a full bath. The finished basement adds even more living space with brand-new flooring, a large ¾ bath featuring a tiled walk-in shower, a generous walk-in closet, a family room, and an office — which could easily become a bedroom with the addition of an egress window. This unit also includes a private single-car garage. North Side Unit: The north side duplex mirrors many of the same comforts with its own eat-in kitchen, a living/dining room combination, a den or office, and a functional layout that’s move-in ready. The main floor includes a living room, kitchen, dining room, and a den/bedroom and full bath, while upstairs offers two bedrooms and a ¾ bath. This unit also comes with its own single-car garage. Additional Features: Lakeside boathouse perfect for lake gear or a relaxing hideaway Backyard patio with fire pit — ideal for entertaining or peaceful evenings by the water Brand new, energy-efficient boiler system Low-maintenance exterior Quiet lakefront location just minutes from downtown Fairmont, parks, and trails Stunning lake views with some of the best sunsets in town Whether you're watching the sunset from the screened porch or roasting marshmallows by the fire pit, this Budd Lake duplex offers the perfect blend of comfort and lakeside charm. Live in one, rent the other — or make the most of both! Some of these pictures in this listing is virtually staged.

Listing Details MLS# 6755532

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
Yes
Road Btwn WF & Home?
No
Waterfront Present
Yes
Year Built
1952
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family, Residential-Single Famil
Main Floor Total SqFt
1588
Above Ground SqFt
3068
Below Grd Total SqFt
1588
Total SqFt
4656
Foundation Size
1588
Style
(MF) Duplex Side X Side
Total Finished Sqft
3862.00
Lake/Waterfront Name
Budd
Garage Stalls
2
Lot Dimensions
90 x 153
Acres
0.33
Assessment Pending
No

Property Features

Accessible: None Amenities Shared: Deck; Dock; Patio; Porch Basement: Partially Finished; Storage Space; Tile Shower Construction Materials: Block Construction Status: Previously Owned Electric: Circuit Breakers Existing Financing: Free and Clear Exterior: Aluminum Siding Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler; Hot Water Lock Box Type: SentriLock Lot Description: Tree Coverage - Heavy Owner Pays: All Utilities; Exterior Maintenance; Grounds Care; Insurance; Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection Pool Description: None Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; Rural Development; VA Sewer: City Sewer/Connected Stories: One and One Half Tenant Pays: None Unit 1 Amenities: Dock; Kitchen Center Island; Kitchen Window; Main Floor Primary Bedroom; Patio; Sun Room; Washer/Dryer Hookup Unit 1 Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Unit 1 Bath Description: 3/4 Basement; Jetted Tub; Main Floor 1/2 Bath; Separate Tub & Shower; Upper Level Full Bath Unit 1 Cooling: Central; Ductless Mini-Split Unit 1 Dining Room Description: Eat In Kitchen; Living/Dining Room Unit 1 Family Room Characteristics: Lower Level; Main Level Unit 1 Fireplace Char: Gas Burning Unit 1 Special Search: Main Floor Bedroom Unit 2 Amenities: Dock; Kitchen Window; Main Floor Primary Bedroom; Patio; Sun Room; Washer/Dryer Hookup Unit 2 Appliances: Range; Refrigerator Unit 2 Bath Description: Main Floor Full Bath; Upper Level 3/4 Bath Unit 2 Cooling: Window Unit 2 Dining Room Description: Eat In Kitchen; Living/Dining Room Unit 2 Family Room Characteristics: Main Level Unit 2 Special Search: Main Floor Bedroom Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
529900
ListPrice
399000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1334
Street Name
Oak Beach
Street Suffix
Drive
Postal City
Fairmont
County
Martin
State
MN
Zip Code
56031
Complex/Dev/Subdivision
Oak Beach

Assessments

Tax With Assessments
6388
Assessment Balance
0

Building Information

Finished SqFt Above Ground
3068
Finished SqFt Below Ground
794

More Information

Income and Expenses

Annual Gross Income
6000
Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Gross Expenses
0
Annual Insurance Expense
0
Annual Maintenance Expense
0
Annual Net Income
0
Annual Repair Expense
0
Annual Trash Expense
0
Annual Water/Sewer Expense
0
Misc Monthly Income
0
Misc. Annual Income
0
Total Annual Expenses
0

Lake Details

Lake Acres
227
Lake Depth
23

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
WCAR
SentriLock
Yes

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
21 x 11
Garage Square Feet
528

Unit 1

Furnished?
No
Leased?
No
Level
Multi-Level
Unit Number
Yes
# of Fireplaces
Yes
1/2 Baths
Yes
3/4 Baths
Yes
Finished SqFt
2328
Full Baths
Yes
No. of Units Like This
Yes
Total Baths
3
Total Bedrooms
3
Total Rooms
6

Unit 2

Furnished?
No
Lease Expiration Date
2025-09-30
Leased?
Yes
Level
Multi-Level
Unit Number
2
3/4 Baths
Yes
Annual Rent
6000
Finished SqFt
1534
Full Baths
Yes
Monthly Rent
500
No. of Units Like This
Yes
Total Baths
2
Total Bedrooms
3
Total Rooms
6

Unit Details

Total Units
2

Office/Member Info

Association
WCAR

Location, Tax and Other Information

Legal Description
OAK BEACH LOT 17 & N25.5' OF 16 BLK 3 & S25' OF LOT 18 BLK 3
Listing City
Fairmont
Map Page
999
Municipality
Fairmont
School District
Fairmont Area Schools
School District Phone
507-238-4234
DNR Lake ID#
46003000
DNR Lake Classification
General Development
Zip Plus 4
3105
Property ID Number
231880370
Tax Year
2024
Tax Amount
6388
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Duplex Living on Budd Lake – A Rare Opportunity! Nestled along the shores of Fairmont’s picturesque Budd Lake, this left and right duplex offers a unique blend of comfortable living, income potential, and serene lakefront views. Whether you're looking for a multi-generational living setup, a smart investment, or a place to call home with the bonus of a rental, this property has it all — including a charming boathouse overlooking the water and breathtaking sunsets you’ll never tire of. South Side Unit: This spacious unit welcomes you with an inviting eat-in kitchen and a combined living/dining room that opens into a den or home office, complete with a cozy gas fireplace — a perfect spot for chilly evenings. This flexible space could also serve as a main-floor bedroom. The main level also features a ½ bath and a peaceful screened-in porch to enjoy lakeside breezes. Upstairs, you’ll find two bedrooms and a full bath. The finished basement adds even more living space with brand-new flooring, a large ¾ bath featuring a tiled walk-in shower, a generous walk-in closet, a family room, and an office — which could easily become a bedroom with the addition of an egress window. This unit also includes a private single-car garage. North Side Unit: The north side duplex mirrors many of the same comforts with its own eat-in kitchen, a living/dining room combination, a den or office, and a functional layout that’s move-in ready. The main floor includes a living room, kitchen, dining room, and a den/bedroom and full bath, while upstairs offers two bedrooms and a ¾ bath. This unit also comes with its own single-car garage. Additional Features: Lakeside boathouse perfect for lake gear or a relaxing hideaway Backyard patio with fire pit — ideal for entertaining or peaceful evenings by the water Brand new, energy-efficient boiler system Low-maintenance exterior Quiet lakefront location just minutes from downtown Fairmont, parks, and trails Stunning lake views with some of the best sunsets in town Whether you're watching the sunset from the screened porch or roasting marshmallows by the fire pit, this Budd Lake duplex offers the perfect blend of comfort and lakeside charm. Live in one, rent the other — or make the most of both! Some of these pictures in this listing is virtually staged.
Directions
From the corner of Walgreens, Kwik Trip, Burger King and Shopko Optical, go south on State Street, turn right onto Oak Beach Drive, and the house will be on the right hand side.

Accessible

None
Yes

Amenities Shared

Deck
Yes
Dock
Yes
Patio
Yes
Porch
Yes

Basement

Partially Finished
Yes
Storage Space
Yes
Tile Shower
Yes

Construction Materials

Block
Yes

Construction Status

Previously Owned
Yes

Electric

Circuit Breakers
Yes

Existing Financing

Free and Clear
Yes

Exterior

Aluminum Siding
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Boiler
Yes
Hot Water
Yes

Lake/Waterfront

Dock
Yes
Lake Front
Yes
Lake View
Yes
Shared
Yes

Lot Description

Tree Coverage - Heavy
Yes

Owner Pays

All Utilities
Yes
Exterior Maintenance
Yes
Grounds Care
Yes
Insurance
Yes
Lawn
Yes
Maintenance/Repair
Yes
Snow Removal
Yes
Taxes
Yes
Trash Collection
Yes

Patio, Porch and Deck Features

Deck
Yes
Enclosed
Yes
Rear Porch
Yes
Screened
Yes

Pool Description

None
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Asphalt Shingles
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
FHA
Yes
Rural Development
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Stories

One and One Half
Yes

Water

City Water/Connected
Yes

No. of Ranges

Two
Yes

No. of Refrigerators

Two
Yes

Tenant Pays

None
Yes

Unit 1 Amenities

Dock
Yes
Kitchen Center Island
Yes
Kitchen Window
Yes
Main Floor Primary Bedroom
Yes
Patio
Yes
Sun Room
Yes
Washer/Dryer Hookup
Yes

Unit 1 Appliances

Dishwasher
Yes
Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Unit 1 Bath Description

3/4 Basement
Yes
Jetted Tub
Yes
Main Floor 1/2 Bath
Yes
Separate Tub & Shower
Yes
Upper Level Full Bath
Yes

Unit 1 Cooling

Central
Yes
Ductless Mini-Split
Yes

Unit 1 Dining Room Description

Eat In Kitchen
Yes
Living/Dining Room
Yes

Unit 1 Family Room Characteristics

Lower Level
Yes
Main Level
Yes

Unit 1 Fireplace Char

Gas Burning
Yes

Unit 1 Special Search

Main Floor Bedroom
Yes

Unit 2 Amenities

Dock
Yes
Kitchen Window
Yes
Main Floor Primary Bedroom
Yes
Patio
Yes
Sun Room
Yes
Washer/Dryer Hookup
Yes

Unit 2 Appliances

Range
Yes
Refrigerator
Yes

Unit 2 Bath Description

Main Floor Full Bath
Yes
Upper Level 3/4 Bath
Yes

Unit 2 Cooling

Window
Yes

Unit 2 Dining Room Description

Eat In Kitchen
Yes
Living/Dining Room
Yes

Unit 2 Family Room Characteristics

Main Level
Yes

Unit 2 Special Search

Main Floor Bedroom
Yes
Listing Office: Edina Realty
IDX
Last Updated: May - 08 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.