$2,000,000

163 Pancore Lake Rd Tofte, MN 55615

Estimated payment $10,679/month

Total Views 171
38.89 Acres
$51,427 Price per Acre
1,694,048 Sq Ft Lot

About This Lot

This rare parcel sits at the edge of federal land, perched just above the serene Temperance River. From the property, you can hear the river trickling through the valley—a short walk brings you directly to its banks, where nature greets you with quiet beauty. At 1,660 feet elevation, this is the highest private listing in the state. The altitude offers unmatched views and a sense of seclusion that’s hard to find anywhere else. Minutes from world-class brook trout fishing, cross-country skiing, hiking, and snowmobiling trails, this location is a gateway to year-round outdoor recreation. Whether you're casting a line or carving fresh powder, adventure is always close. Lake Country Power has secured a grant to bring electricity to Pancore Lake Road in spring 2026, making future development even more accessible. Tofte Township allows short-term rentals and Airbnb use on this parcel. Multiple structures are permitted, making it ideal for a cluster of rental cabins or a family compound. This is a fresh building slate in one of Minnesota’s most coveted wilderness corridors. Whether you're dreaming of a private retreat, an investment in eco-tourism, or a legacy property, this land offers unmatched elevation, privacy, and natural wonder.

Listing Agent

Shelby Peltier

Edina Realty, Inc. Listed on: 09/24/2025

Edina Realty, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,406

Lot Details

  • Lot Dimensions are 647x1964x128x654x645x1311
  • Home fronts a creek
  • Zoning described as Forestry

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 252293200

Property Details

Property Type

Land

Est. Annual Taxes

$1,406

Lot Details

0

Listing Details

  • Type: Land
  • Development Status: Raw Land
  • FractionalOwnershipYN: No
  • Rental License?: No
  • BuilderRestrict: Open
  • Improvements: None
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: None

Utilities

  • Utilities: Private Well Connected, Private Well Available

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Cook County
  • SchoolDistrictPhone: 218-387-2271

Lot Info

  • Topography: High Ground,Rolling
  • Waterfront YN: Yes
  • Lot Size: 647x1964x128x654x645x1311
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Forestry
  • AssessmentPending: No
  • All Program Acres: 0.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 252293200
  • Tax Annual Amount: 1406
  • TaxWithAssessments: 1406.0000

Multi Family

  • WaterfrontFeatures: Creek/Stream

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,406 $211,200 $77,500 $133,700
2023 $8 $159,570 $58,864 $100,706
2022 $1,202 $227,940 $100,067 $127,873
2021 $1,778 $160,024 $98,367 $61,657
2020 $1,894 $185,500 $100,300 $85,200
2019 $1,732 $235,091 $148,026 $87,065
2018 $1,658 $234,900 $154,900 $80,000
2017 $1,618 $209,694 $146,087 $63,607
2016 $1,356 $217,000 $155,200 $61,800
2015 $1,220 $217,000 $155,200 $61,800
2014 $1,128 $217,000 $155,200 $61,800
2012 -- $217,000 $155,200 $61,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/24/2025 11/24/25 For Sale $2,000,000 0.0% --
09/29/2025 09/29/25 Off Market $2,000,000 -- --
09/24/2025 09/24/25 For Sale $2,000,000 +566.7% --
01/25/2024 01/25/24 Sold $300,000 0.0% $241 / Sq Ft View Prior Sale
12/28/2023 12/28/23 Pending -- -- --
08/14/2023 08/14/23 For Sale $300,000 -- $241 / Sq Ft
Source: NorthstarMLS

Purchase History

Date Type Sale Price Title Company
Deed $300,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $240,000 New Conventional
Source: Public Records

Source: NorthstarMLS

MLS Number: 6794976

NorthstarMLS

APN: 25-229-3200