Underwood Homes for Sale

Underwood, Minnesota is a charming city located in the heart of Otter Tail County. This small town has a population of just over 1,600 people and is an ideal place to call home. It is conveniently located just a few miles from the larger cities of Fergus Falls and Perham, making it easy to access amenities and services.

The area is known for its natural beauty, with plenty of outdoor activities to enjoy. There are several lakes in the area, as well as numerous parks and trails. The local golf course is a popular spot for residents, and there are plenty of restaurants and shops to explore.

The housing market in Underwood is very active, with plenty of homes for sale. Whether you're looking for a starter home or a large estate, you're sure to find something that fits your needs and budget. The median home price in Underwood is $179,000, making it a very affordable option for those looking to buy.

The city also offers great educational opportunities, with several elementary, middle, and high schools in the area. The schools are highly rated and provide a great education for students.

Underwood is a great place to call home. With its small-town charm and affordable housing, it's a great option for those looking for a quiet, peaceful place to live. Whether you're looking for a starter home or a larger estate, there's something for everyone in Underwood.

Newest Underwood Homes for Sale

$874,900

4 Beds ⋅ 4 Baths ⋅ 7111694 MLS

WAKE UP TO BREATHTAKING LAKE VIEWS ON PICKEREL LAKE! Welcome to this beautiful 4-bedroom, 4-bathroom log home that sits on 150 feet of shoreline, sandy hard bottom, and only 25 steps on Pickerel Lake, one of Otter Tail County's most popular lakes. With 12.8 feet of water clarity. The home has many large windows that let in lots of natural light and gives you amazing views of the lake. Vaulted ceiling living room . The large primary suite is a peaceful place to relax and has a stunning view of the water when you wake up or end your day. The 3-season porch is the perfect spot to enjoy your morning coffee, read a book, or spend time with family while taking in the beautiful lake views away from mosquitoes! Outside, you'll find a saltwater hot tub to relax in after a fun day on the lake. The in-ground sprinkler system helps keep the yard looking green and beautiful all summer. A watershed to give you plenty of room for fishing gear, life jackets, and lake toys. Along with another storage shed for your lawn mower and snow blower. Need extra space? Behind the attached garage is a heated shop that's perfect for your own workshop or extra storage. If you've been dreaming of lake life, this home has it all. BONUS-Septic complaint and water test done, and the dock is included. Don't wait—schedule your showing today and see everything this amazing lake home has to offer! Showings start Thursday, August 6th.

32639 Birchwood Shore Drive, Underwood

Listing courtesy of Vision Realty.

$375,000

3 Beds ⋅ 2 Baths ⋅ 7099839 MLS

Set on just under 4 acres along a blacktop road, this beautiful 3+ BR, 2 BA home offers the perfect combination of comfort, updates, and location. Features include an open floor plan, updated lower level, gas fireplace, stainless steel appliances, large kitchen island, and updated finishes throughout. Enjoy the beautiful 4-season sunroom—the perfect space to relax year-round while taking in peaceful views of the park-like setting. The double attached garage plus 3 additional storage sheds provide plenty of space for vehicles, toys, and equipment. Located near Phelps Mill Park with the Otter Tail River just across the road, this property offers a desirable country setting with convenient access to Fergus Falls, Underwood and Ottertail. Move-in ready and priced to sell—this is an opportunity you don't want to miss!

28699 County Highway 45, Underwood

Listing courtesy of Trilogy Real Estate.

$339,000

2 Beds ⋅ 1 Baths ⋅ 7076729 MLS

Find your peace in the heart of Otter Tail lakes country! This quaint seasonal cabin sits on over a full acre of level ground on the shores of East Lost Lake. East Lost Lake offers fantastic recreation possibilities. With boat-in access to both Deer Lake and the Otter Tail River, you're sure to find plenty of adventure awaiting! Various species of game fish call this lake home - panfish, walleyes, and even the ever elusive Lake Sturgeon! This little lake offers big opportunity for water fun! When it's time for rest, the cabin offers 2 bedrooms and a full bathroom as well as central air and heating for all-season comfort. With vaulted ceilings throughout, this cabin feels roomy enough for company, yet comfortable for slow evenings at the water's edge. Indoor climate control is simple with a forced air furnace, central air, and ceiling fans for extra summer breeze. Enjoy the low maintenance exterior with vinyl siding and a fresh, 2 year old roof. This property offers great outdoor spaces. The detached double insulated garage provides easy storage and space for any hobbyists work. The well house shed doubles as a fish cleaning space. An additional storage shed closer to the lake is sure to provide convenience for all of your outdoor items. The large lot, at over an acre, is an ideal space for lawn games, cozy evening bonfires, and plenty of extra parking for the guests you're sure to entertain. Located just a stone's throw from many of the Otter Tail Lakes area's biggest attractions - golf courses, restaurants, boutique shopping, seasonal craft fairs, farmer's markets and more - just a few minutes drive gets you to the cities of Battle Lake and Ottertail. Less than half an hour from I94, the commute to your cabin is pain free! If Otter Tail County is calling for you, this seasonal cabin is worth an extra look. All personal property is negotiable. Contact agent for exclusion list. Seller prefers closing after the week of July 4.

27513 340th Avenue, Underwood

Listing courtesy of Weichert, Realtors - Paulson Land Co.

$599,000

4 Beds ⋅ 2 Baths ⋅ 7055032 MLS

Welcome to 27890 Little Pleasant Drive in Underwood! This 4 bedroom, 2 bathroom home sits on nearly 4 acres along the shores of Little Pleasant Lake, a private lake offering a quiet and peaceful setting with 162 feet of shoreline and plenty of space to enjoy the outdoors. With nearly 1,900 finished square feet, this home has been well cared for and is move-in ready. Recent updates include a brand-new roof, soffits, fascia, and new carpet throughout the main level. The main floor offers a comfortable layout with a spacious kitchen featuring ample storage, room for a full dining table, and additional seating at the island. Stainless steel appliances are already in place, including a five-burner gas stove, and a sliding glass door leads directly to the outdoor living space. The lower level provides a warm and inviting atmosphere with a cozy gas fireplace. The bathroom features a custom walk-in shower, heated slate flooring, and a cedar-lined closet, creating a spa-like feel. Outside, you’ll find an attached 2-stall garage, along with a storage shed that includes a concrete floor and power. Just beyond that is a greenhouse overlooking the lake—ideal for gardening or simply enjoying the peaceful surroundings. One of the standout features of this property is the expansive 500 square foot deck with a custom outdoor kitchen overlooking two lakes. Complete with a built-in grill, generous counter space, and lighting for evening use, it’s perfect for entertaining or relaxing. The deck wraps around to a covered bar-style seating area and overlooks a fire pit, while the space below offers additional room to gather with the potential to convert into a 3-season porch. A private road leads to your own private boat landing— where you’ll appreciate the additional space for lakeside activities, entertaining, or simply enjoying the setting. Despite the privacy, this property is conveniently located just off County Highway 1, approximately 10 minutes from local favorites like Zorbaz and Beach Bums, and only 17 minutes from Fergus Falls. This is a rare opportunity to own acreage, privacy, and lake living all in one property.

27890 Little Pleasant Drive, Underwood

Listing courtesy of Andrew Yaggie Real Estate.

$89,900

1 Beds ⋅ 7062374 MLS

When viewing the property, please follow the grass driveway that runs along the tree line and power lines immediately adjacent to the For Sale sign. Do not drive across neighboring property. If there is any uncertainty regarding access or boundaries, consult the survey prior to entering. North Turtle Lake frontage just feet from the water with sandy bottom shoreline and expansive lake views. This is an opportunity to secure highly desirable Otter Tail County lakeshore at an accessible price point and bring your own long term vision to life. North Turtle Lake is known for excellent fishing including walleye, bass, crappie, northern and sunfish, making this a strong recreational setting with lasting appeal. The existing structure is a simple seasonal bunkhouse with no active plumbing and no indoor bathroom. Electricity is available at the site and can be reconnected. The cabin offers immediate, basic recreational use, but the primary value is in the lakeshore itself. Buyers should view the structure as a bonus while focusing on the location, frontage, and future potential of the property. Due to the cabin’s close proximity to the shoreline, development, rebuilding, or expansion may be limited by county and state shoreland regulations. Any plans for building or redevelopment must be verified directly with Otter Tail County. Buyer is responsible for conducting all due diligence regarding setbacks, variance requirements, and future use.

22993 330th Avenue, Underwood

Listing courtesy of eXp Realty.

$1,200,000

2 Beds ⋅ 1 Baths ⋅ 7045558 MLS

This is not just land-this is legacy: 150 +/- acres of pure possibility in Otter Tail County with over 6,000 feet of frontage on Fiske Lake, a 253 acre lake reaching depths of 26 feet perfectly suited for anglers and outdoor enthusiasts. This is a rare combination of woods, pasture, and productive tillable acreage that offers unmatched flexibility to create a private family compound, develop a premier lakeside. neighborhood, or simply enjoy one of the most secluded settings in the region, complete with a well-built 2 bedroom home from 2007 with attached garage and a 24x36 shop. This is a once-in-a-lifetime opportunity to own unmatched lakeshore and absolute privacy in one extraordinary property.

32807 200th Street, Underwood

Listing courtesy of Keller Williams Realty Professionals.

$90,000

1 Beds ⋅ 7036156 MLS

7 private acres overlooking Pleasant Lake! This rural hideaway provides a quiet escape from hustle and bustle of every day life. Centrally located in the heart of Otter Tail County's 1,000+ lakes and just minutes from Pleasant, Anna, and West Lost lakes, you'll find endless opportunity for outdoor recreation. This property is protected under the covenants of Pleasant Pointe - ensuring the quiet enjoyment of this parcel as a future build site. This parcel even allows the keeping of quiet livestock! As an added bonus, the public access for Pleasant Lake couldn't be closer - just a quick few steps across the gravel road. The 240 sqft cabin with full knotty pine interior features a lofted deck overlooking the pond, providing an ideal wildlife lookout spot. This parcel could be the space for your future dream home - with ample space for an extra garage or shop. Find your rural retreat today with opportunity for tomorrow!

29151 Pleasant Lake Road, Underwood

Listing courtesy of Weichert, Realtors - Paulson Land Co.

Start Your Search

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.