Estimated payment $8,160/month
Total Views
46
5
Beds
2
Baths
3,187
Sq Ft
1.5
Acres
Highlights
- 850 Feet of Waterfront
- Lake View
- No HOA
- Beach Access
- 2 Fireplaces
- The kitchen features windows
About This Home
This extraordinary legacy property on Lake Vermilion presents a once-in-a-lifetime opportunity to own a private retreat on a stunning point with breathtaking panoramic views, unmatched privacy, and 850 feet of pristine shoreline. With lake frontage on both sides of the property, you’re truly surrounded by water, creating a sense of seclusion that’s both peaceful and relaxing. A beautiful sand beach area provides the perfect spot for swimming, lounging, and lakeside gatherings, while multiple docks offer excellent access for boating, fishing, and water recreation.The spacious main lake home features five bedrooms and two bathrooms, with an open-concept kitchen, dining, and living area designed for comfort and entertaining. Two fireplaces add a cozy charm, and the home includes two enclosed porches plus a private deck off the large master suite, offering plenty of quiet corners to relax and enjoy the lake from every angle. A generous rec room provides additional space for games, entertainment, or unwinding after a day on the water.The grounds are beautifully landscaped and include a gazebo, hot tub, and a privacy fence that enhances the quiet, resort-like feel of the property. A separate guest cabin sits just off the water and features three bedrooms, a full bath, a kitchen, and a comfortable living room. The cabin’s large lakeside deck includes a second hot tub, making it a perfect space for guests or a potential rental.A unique highlight is the private lagoon, ideal for floatplane access or extra dockage. Whether you envision a legacy retreat or a high-end short-term rental investment, this property combines natural beauty, luxury, and versatility in one of Minnesota’s most beloved lake destinations. Rarely does a property with this much character, frontage, and opportunity come to market.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,768
Year Built
- Built in 1960
Lot Details
- 1.5 Acre Lot
- 850 Feet of Waterfront
- Lake Front
Parking
- 1 Car Garage
Home Design
- Architectural Shingle Roof
Interior Spaces
- 3,187 Sq Ft Home
- 2-Story Property
- 2 Fireplaces
- Family Room
- Living Room
- Lake Views
Kitchen
- Range
- Microwave
- Dishwasher
- The kitchen features windows
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Beach Access
Utilities
- Hot Water Heating System
- Boiler Heating System
- Private Water Source
- Well
- Drilled Well
Community Details
- No Home Owners Association
- Anita Beach 1St Div Subdivision
Listing and Financial Details
- Assessor Parcel Number 387004500072
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2023 | $10,768 | $1,084,700 | $436,700 | $648,000 |
| 2022 | $9,702 | $961,600 | $370,500 | $591,100 |
| 2021 | $8,726 | $841,100 | $326,300 | $514,800 |
| 2020 | $8,364 | $764,900 | $326,300 | $438,600 |
| 2019 | $7,504 | $725,600 | $326,300 | $399,300 |
| 2018 | $7,116 | $725,400 | $326,100 | $399,300 |
| 2017 | $6,920 | $684,900 | $326,100 | $358,800 |
| 2016 | $7,072 | $684,900 | $326,100 | $358,800 |
| 2015 | $7,140 | $651,300 | $272,400 | $378,900 |
| 2014 | $7,140 | $651,300 | $272,400 | $378,900 |
Source: Public Records
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Deed | -- | None Available |
Source: Public Records
Similar Home in Tower, MN
Source: NorthstarMLS
MLS Number: 6738424
APN: 387004500072
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