$1,900,000

7228 Mercer Island Cook, MN 57723

Estimated payment $10,515/month

Total Views 1,942
1 Bed
2 Baths
2,231 Sq Ft
$852 Price per Sq Ft

Highlights

  • Deck
  • Enclosed Patio or Porch
  • Heating Available

About This Home

Escape to your very own private & exceptional 7+ acre island nestled in the heart of Lake Vermilion's Frazer Bay. This exclusive property boasts a wealth of features that promise a truly extraordinary lakeside experience. Embrace the distinctive architectural charm of three stunning "Baker" Dome cabins, each offering a unique and cozy living space. Accommodate family & friends with ease in a spacious 1 BR guest cabin (with kitchen), plus a charming 1 BR bunkhouse, wet boathouse, & original icehouse! All buildings have new roofs! Hike along the picturesque walking trail with boardwalks, that encircle the island, providing enchanting views & moments of serenity plus a natural sand beach! Convenience is key, & this property offers a rare mainland access including another boathouse! This property promises a lifetime of cherished memories. First time on the market!

Listing Agent

Barbara Hegg

Vermilion Land Office Inc License #20052250 Listed on: 11/04/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,250

Year Built

  • Built in 1981

Lot Details

  • 7 Acre Lot
  • Irregular Lot
  • Property is zoned RES-8

Home Design

  • 2,231 Sq Ft Home
  • Bi-Level Home
  • Shingle Roof
  • Asphalt Roof
  • Rubber Roof

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Laundry

  • Electric Dryer
  • Washer

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Utilities

  • Heating Available
  • Well
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 387-0031-01520;0430-36550

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,250

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Class: Residential
  • Heat: Electric
  • Irregular Lot Size: Yes
  • Lvt Date: 11/04/2025
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 1
  • Parcel Code Number: 387-0031-01520;0430-36550
  • Patioporch: Deck, Porch, Enclosed, Screened
  • Real Estate Tax: 6250
  • Style: 1 1/4 Story
  • Type: Residential
  • Upper Level Bedrooms: 1
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Finished Sq Ft: 2231
  • Bedroom 1: Size: 14x14, On Level: Upper
  • Total Bathrooms: 2
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator, Washer, Elec. Dryer
  • Dining Room: Size: 10x14, On Level: Main
  • Kitchen: Size: Inc/Liv Rm, On Level: Main
  • Living Room: Size: 24x24, On Level: Main
  • Other Room 2: Den, Size: 12x16, On Level: Upper
  • Other Room 3: 3-Season, Size: 29x12, On Level: Main

Exterior Features

  • Exterior: Wood
  • Roof: Asphalt, Shingle, Rubber

Utilities

  • Utilities: Septic, Well
  • Water Heater: Electric

Lot Info

  • Lot Size: Dimensions: 1080x486
  • Number Of Acres: 7
  • Zoning: RES-8

Map

Range of Values:

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Value Increase
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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 $5,510 $625,200 $338,600 $286,600
2023 $5,510 $490,500 $267,700 $222,800
2022 $4,594 $490,500 $267,700 $222,800
2021 $4,382 $434,300 $267,700 $166,600
2020 $4,440 $413,000 $267,700 $145,300
2019 $2,040 $412,300 $297,000 $115,300
2018 $4,240 $385,800 $270,500 $115,300
2017 $4,156 $385,800 $270,500 $115,300
2016 $4,212 $385,800 $270,500 $115,300
2015 -- $232,200 $115,400 $116,800
2014 -- $242,700 $125,900 $116,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2025 11/04/25 For Sale $1,900,000 -- $1,022 / Sq Ft
Source: Range Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: Range Association of REALTORS®

MLS Number: 149278

Range Association of REALTORS®

APN: 387003101520