TBD Waters of Vermilion Road, Tower, MN 55790 (MLS# 7168179)

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Property Description
Land auction will be held on Thursday, December 3, 2026 at 1PM. Discover an extraordinary opportunity to own, build, invest, or develop on beautiful Lake Vermilion in Northern Minnesota. This 30+ acre private community combines the sought-after Northwoods lake lifestyle with the convenience of a thoughtfully planned, shovel-ready development featuring more than 1,200 feet of shared Lake Vermilion shoreline. Every homesite offers water frontage or beautiful water views, creating an exceptional setting for a year-round residence, seasonal cabin, vacation rental, or investment property. All of the difficult development work has already been completed, with entitlements, infrastructure, roads, electricity, water, sewer, and internet available at the individual lot lines, allowing buyers to move forward with their plans without starting from scratch. Design and build your own high quality custom lake home or cabin, or explore 90-day modular home options that can significantly shorten the timeline from purchase to move-in. With maintenance-free living and an affordable HOA, owners can spend less time on property upkeep and more time enjoying everything Lake Vermilion has to offer. Relax, Play and Never, Ever mow the lawn! The community has been designed around recreation and the outdoors, with outstanding shared amenities including a beautiful common area, owner’s clubhouse, beach and swimming area, inland ponds, walking and recreational trails, fire pit, and additional shared recreational features. Community and private docking options are available, providing convenient access to one of Minnesota’s premier lake destinations. The development may also offer an attractive mainland base for existing island or water-access-only property owners looking for convenient vehicle access, parking, utilities, and proximity to the lake. Short-term rentals are allowed, creating additional possibilities for buyers interested in vacation rentals, investment properties, or specialized hospitality concepts. For builders, investors, and developers, the property presents a particularly unique opportunity. Buyers may purchase a single homesite, multiple lots, or pursue the entire development—including all 31 lots—through the auction’s convenient bidding format. With demand for residential housing throughout the region, the development offers the opportunity to bring additional homes to the market while taking advantage of infrastructure that is already substantially in place. The blank-slate nature of the property also creates possibilities for distinctive destination concepts such as custom vacation rentals, golf villas, fishing retreats, corporate and executive getaways, or other Northwoods lodging and recreational experiences. The property is located within an Opportunity Zone, adding another consideration for investors and developers evaluating the long-term potential of the offering.

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