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About this home
Welcome to an exceptional lakefront retreat offering 5.78 acres of privacy, recreation, and resort-style living on the shores of Peltier Lake. This beautifully designed 5-bedroom, 4-bath rambler combines true main-level living with an expansive layout and impressive indoor-outdoor entertaining spaces. Large windows showcase peaceful lake and acreage views while filling the home with natural light. Step outside to your own backyard oasis featuring a private in-ground swimming pool and relaxing hot tubperfect for enjoying Minnesota summers and crisp evenings under the stars. Nearly six acres provide incredible space to roam, unwind, and enjoy the waterfront setting. The attached heated garage adds year-round convenience and includes a dedicated electric vehicle charger. A separate detached outbuilding offers substantial additional space for boats, trailers, recreational equipment, storage, or a home gym. With lakefront access, acreage, exceptional amenities, and room to spread out, this property delivers a rare combination of privacy and lifestyle. Come experience everything this Peltier Lake estate has to offer. Amazing sunset views!!
Single-familyProperty Type
1976Year Built
5.78 acresLot Size
$339Price/Sq.Ft.
3 car garageParking
Listed by Joshua Leonhardt• Coldwell Banker Realty
Centrally located in the Rice Creek Chain of Lakes Park Reserve, this incredible opportunity to own 5+acres & 400+ft of gracious panoramic lake frontage on Peltier Lake is waiting for you. This awarded school district is featured as a "best school" in US News & World Report! The detached garage offers exceptional extra space, & w/your vision, you can create new memories enjoying life at the lakes! Easy commutes-no long drives up North, the sign on your door will be "Welcome to our Lake Home"!
NORTHSTARMLS as Distributed by MLS Grid #1328945
May 3, 1998
Listing Removed
—
Mar 2, 1998
Listed
$329,900
$64/sq ft
NORTHSTARMLS as Distributed by MLS Grid #1322205
Mar 1, 1998
Listing Removed
—
Feb 1, 1998
Listed
$349,000
$68/sq ft
NORTHSTARMLS as Distributed by MLS Grid #1297675
Jan 31, 1998
Listing Removed
—
Sep 17, 1997
Listed
$349,900
$68/sq ft
NORTHSTARMLS as Distributed by MLS Grid #1007951
Feb 25, 1994
Listing Removed
—
Aug 16, 1993
Listed
$279,000
$54/sq ft
NORTHSTARMLS as Distributed by MLS Grid #24614
Aug 1, 1993
Listing Removed
—
Sep 2, 1992
Listed
$325,000
$63/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$16,907 (+17.5%)
$645,800 + $536,600
$1,182,400
2025
$14,383 (+5.8%)
$533,700 + $527,300
$1,061,000
2024
$13,596 (−0.5%)
$508,400 + $549,300
$1,057,700
2023
$13,661 (−2.8%)
$423,000 + $506,200
$929,200
2022
$14,051 (−3.0%)
$368,500 + $441,100
$809,600
2021
$14,488 (−3.9%)
$400,000 + $417,800
$817,800
2020
$15,080 (−0.7%)
$400,000 + $417,800
$817,800
2019
$15,181 (+19.9%)
2018
$12,666 (+31.3%)
$317,400 + $346,700
$664,100
2017
$9,649 (−0.9%)
$289,000 + $208,000
$497,000
2015
$9,734 (−7.1%)
$291,300 + $196,400
$487,700
2014
$10,473 (−4.1%)
$291,300 + $179,900
$471,200
2013
$10,922
$322,500 + $163,800
$486,300
Public record
Beds
4
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
3.75 Acres
Year renovated
2002
Finished Sq. Ft.
2,322
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,322
Year built
1976
Style
Single Family Residential
County
Anoka County
APN
14-31-22-31-0015
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 30, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.62% chance of being in a wildfire in next 30 years
2/10 Heat Factor
7 days above 99° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Centerville, MN • 55038
Average low and high temperatures (°F)
22
5
29
12
48
27
56
37
69
49
77
59
85
66
78
61
77
57
63
45
44
30
28
13
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
99/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 1% for direct sun exposure in Centerville. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 7397 Old Mill Rd
$1,752,461
$2,461 over list price of $1.75M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $441K to $1.6M.