$1,500,000

40730 S Bay Dr Emily, MN 56447

Estimated payment $8,519/month

3 Beds
2 Baths
1,224 Sq Ft
$1,225 Price per Sq Ft

Highlights

  • 302 Feet of Waterfront
  • No HOA
  • Stainless Steel Appliances
  • 1 Fireplace
  • Built-In Double Oven
  • The kitchen features windows

About This Home

Discover a rare opportunity along the shores of Ruth Lake in Emily, MN. This property offers the perfect blend of nostalgia, comfort, and modern convenience. Featuring a 3 bedroom 2 bathroom year-round home and 8 seasonal cabins and set along 300 feet of level, sandy shoreline. The detached garage includes a large storage area, 2nd office space, and additional storage upstairs. The well-maintained grounds offer a children’s playhouse, swing set, fish cleaning house, paddle boards & kayaks, along with two docks for easy lake access and boating. This turnkey property provides an excellent opportunity to continue a successful seasonal resort business, create a private family compound, or explore short-term rental options.

Listing Agent

Makenzie Adams

Edina Realty, Inc. Listed on: 10/30/2025

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,548

Year Built

  • Built in 1950

Lot Details

  • 2.08 Acre Lot
  • Lot Dimensions are 302x212x315x282
  • 302 Feet of Waterfront
  • Lake Front
  • Zoning described as Business/Commercial,Shoreline

Parking

  • 2 Car Garage

Home Design

  • Log Siding

Interior Spaces

  • 1,224 Sq Ft Home
  • 1.5-Story Property
  • 1 Fireplace
  • Unfinished Basement
  • Block Basement Construction

Kitchen

  • Built-In Double Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • The kitchen features windows

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Propane
  • Shared Water Source
  • Well
  • Drilled Well
  • Septic System

Community Details

  • No Home Owners Association
  • Ruth Lake Shores Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,548

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Drilled, Shared System, Well
  • Year Built: 1950
  • Above Grade Finished Sq Ft: 1224
  • Water Body Name: Ruth
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Unfinished
  • Appliances: Cooktop, Dishwasher, Double Oven, Dryer, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer
  • Living Area: 1224
  • Fireplace: Yes
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • PatioPorchType: Covered,Deck,Front Porch
  • Lake Bottom: Sand
  • LakeChain: N
  • Waterfront Frontage: 302

Garage/Parking

  • Parking Features: Detached, Gravel

Utilities

  • Heating: Fireplace(s)
  • Sewer: Septic System Compliant - Yes, Tank with Drainage Field
  • Fuel: Propane

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Deck,Dock,Hardwood Floors,Kitchen Center Island,Kitchen Window,Natural Woodwork,Wet Bar

Schools

  • Junior High Dist: Crosby-Ironton
  • SchoolDistrictPhone: 218-545-8801

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 302x212x315x282
  • Lot Size Sq Ft: 90604.8
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Business/Commercial,Shoreline
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Engineered Wood, Log Siding

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: TBD
  • Tax Annual Amount: 7548
  • TaxWithAssessments: 7898.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
2025 $2,448 $334,100 $151,200 $182,900
2024 $2,448 $313,300 $136,700 $176,600
2023 $2,432 $308,700 $132,900 $175,800
2022 $3,292 $287,300 $116,700 $170,600
2021 $3,260 $300,600 $123,600 $177,000
2020 $3,214 $291,200 $123,800 $167,400
2019 $3,144 $279,900 $113,500 $166,400
2018 $3,000 $259,200 $98,500 $160,700
2017 $2,866 $247,100 $88,500 $158,600
2016 $2,836 $235,900 $81,000 $154,900
2015 $2,504 $191,200 $75,000 $116,200
2014 $1,202 $194,500 $80,000 $114,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2025 10/30/25 For Sale $1,500,000 -- $1,225 / Sq Ft
Source: NorthstarMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $425,000 --
Source: Public Records

Source: NorthstarMLS

MLS Number: 6816659

NorthstarMLS

APN: 211290000330889