Property Description Year-round lake home on sought-after Elm Island Lake offering the perfect blend of personal retreat and investment potential. Enjoy beautiful lake views, great fishing, boating, and the peaceful Up North lifestyle in this waterfront property featuring a home + bunkhouse setup.
The main home includes a cozy family room and sunporch, both with fireplaces, creating warm gathering spaces after a day on the lake. Large windows bring in natural light and showcase the water views.
A separate lakeside bunkhouse offers flexibility with 2 bedrooms, 1 bathroom, a private kitchen, and electricity ideal for guests, multi-generational living, or potential Airbnb/VRBO use. Sellers have already completed the process of obtaining a Short-Term Rental (STR) license, creating a rare turnkey opportunity for buyers seeking rental income, a vacation home, or a year-round Minnesota lake property. Included is all the furniture and dock.
Details
Maps
Documents
Contract Information
Status: Active
Contingency: None
Current Price: 495000
Original List Price: 495000
ListPrice: 495000
List Date: 2026-03-24
Owner is an Agent?: No
Auction?: No
General Property Information
Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 2
Road Btwn WF & Home?: Yes
Waterfront Frontage: 100
Waterfront Present: Yes
Year Built: 1968
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bedrooms: 3
Baths Total: 2
Bath Three Quarters: 1
Bath Half: 1
Main Floor Total SqFt: 1568
Above Grd Total SqFt: 1568
Total SqFt: 1568
Total Finished Sqft: 1568.00
FireplaceYN: Yes
Lake/Waterfront Name: Elm Island
Style: (SF) Single Family
Foundation Size: 1568
Garage Stalls: 2
Lot Dimensions: 100x299x148x354
Acres: 0.79
Assessment Pending: No
Location Tax and Other Information
House Number: 31519
Street Name: 374th
Street Suffix: Place
Postal City: Aitkin
County: Aitkin
State: MN
Zip Code: 56431
Complex/Dev/Subdivision: Elm Island Add
Assessments
Tax With Assessments: 2556
Building Information
Finished SqFt Above Ground: 1568
Lake Details
Lake Acres: 656
Lake Depth: 25
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: OTHER
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 20.10'x23.1'
Garage Square Feet: 462
Public Survey Info
Range#: 26
Section#: 16
Township#: 46
Property Features
Accessible: No Stairs Internal
Air Conditioning: Central Air
Amenities Unit: Ceiling Fan(s); Deck; Dock; Main Floor Primary Bedroom; Patio; Sun Room