For Sale: Finland MLS# 7074853
Active
NEW!
$564,900
Single Family: 2 Stories
2 br • 2 ba • Built 2022
1,607 sqft • 0.18 acres
Lake Superior schools
MLS# 7074853
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Property Description
Luxury Boutique Resort | Proven Short-Term Rental Portfolio | Build-Ready Lots | Commercial Expansion | Condo-Platted Flexibility
GRANDFATHERED FOR SHORT-TERM RENTAL USE — AN EXTREMELY RARE NORTH SHORE OPPORTUNITY.
A rare opportunity to acquire a proven luxury short-term rental and legacy lakefront estate positioned near the North Shore and Lutsen on the pristine shores of Ninemile Lake near Finland. Following exceptional 2025 and 2026 winter seasons driven by snowmobile tourism and year-round destination demand, the property has experienced outstanding occupancy performance, with the existing rental cabins already over 70% booked for the remainder of 2026 — validating the strong demand for luxury lodging inventory in this highly sought-after recreation market.
Surrounded by the breathtaking beauty of the Superior National Forest, this extraordinary waterfront development combines luxury craftsmanship, income generation, development flexibility, and unmatched outdoor recreation in one irreplaceable offering.
Due to active guest reservations and ongoing income-producing occupancy, showings for rental cabins are by appointment only and subject to guest schedules.
Designed for both privacy and gathering, the property is ideal for boutique hospitality operations, co-ownership opportunities, corporate retreats, multi-family use, or continued luxury vacation rental operations. Each of the three existing structures features its own unique architectural style, layout, and design aesthetic while still flowing cohesively together as a thoughtfully curated luxury compound.
Constructed between 2015–2022, the homes showcase exceptional craftsmanship, timeless design, and luxury-grade materials selected to complement the surrounding wilderness setting. Two residences currently operate as successful short-term rentals with strong year-round demand driven by boating, fishing, hiking, skiing, snowmobiling, ATV recreation, and North Shore tourism.
In addition to the established income-producing cabins, the owner’s current private residence presents substantial upside as a future third luxury rental accommodation. Unlike many expansion opportunities requiring years of approvals and infrastructure investment, this structure is already completed, fully functional, and positioned for relatively seamless integration into the existing rental operation if desired.
Adding significant long-term value, the property benefits from grandfathered short-term rental positioning — an increasingly rare asset in many North Shore-area markets where vacation rental restrictions continue tightening.
Future expansion opportunities are exceptionally rare and include six additional build-ready condo-platted lots with shared septic and well infrastructure already installed, dramatically reducing future development costs and timelines. Buyers may continue expanding the existing vision, bring their own builder, or partner with the original developer.
The offering also includes an oversized commercial-zoned parcel approved for future hospitality-oriented development including a restaurant/bar, boutique motel, clubhouse, event venue, fitness center, or expanded lodging accommodations. Existing architectural plans are available.
With over 1, 800 feet of shared shoreline, breathtaking sunset lake views, year-round recreation, nearby restaurants and trails, and exceptional wildlife viewing including moose sightings, this property delivers an experience that simply cannot be recreated.
Whether envisioned as a luxury boutique resort, hospitality investment, private family compound, phased development project, or multi-generational legacy estate, this is an increasingly rare opportunity to control premium Northwoods shoreline with immediate income generation and extraordinary long-term upside potential.
They are not making more shoreline. Opportunities like this are exceptionally rare.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$564,900
Price per sq ft:
$352
Property Type:
Single Family
City:
Finland
Garage Spaces:
1
County:
Lake
Year Built:
2022
State:
MN
Property Style:
2 Stories
Zip Code:
55603
Interior
Bedrooms:
2
Bathrooms:
2
Finished Area:
1,607 ft2
Total Fireplaces:
1
Living Area:
1,607 ft2
Common Wall:
No
Appliances Included:
- Air-To-Air Exchanger
- Dishwasher
- Dryer
- ENERGY STAR Qualified Appliances
- Electric Water Heater
- Fuel Tank - Rented
- Microwave
- Other
- Range
- Refrigerator
- Stainless Steel Appliances
- Tankless Water Heater
- Washer
- Wine Cooler
Fireplace Details:
- Free Standing
- Gas
- Living Room
Basement Details:
None
Exterior
Stories:
Two
Garage Spaces:
1
Garage Size:
356 ft2
Air Conditioning:
Ductless Mini-Split
Foundation Size:
714 ft2
Fencing:
None
Handicap Accessible:
No Stairs External
Out Buildings:
Other
Road Responsibility:
Association Maintained Road, Public Maintained Road
Heating System:
- Ductless Mini-Split
- Fireplace(s)
- In-Floor Heating
- Zoned
Parking Features:
- Attached Garage
- Electric
- Finished Garage
- Garage Door Opener
- Gravel
- Heated Garage
- Insulated Garage
- Other
- Storage
Shared Amenities:
- Beach
- Boat Slip
- Dock
- Other
Unit Amenities:
- Balcony
- Boat Slip
- Ceiling Fan(s)
- Deck
- Dock
- Kitchen Center Island
- Kitchen Window
- Local Area Network
- Natural Woodwork
- Other
- Paneled Doors
- Panoramic View
- Patio
- Porch
- Unspecified
- Vaulted Ceiling(s)
- Washer/Dryer Hookup
- Wet Bar
Road Frontage:
State Road
Exterior Material:
- Concrete
- Frame
Pool:
None
Roof Details:
- Age 8 Years or Less
- Architectural Shingle
- Pitched
Rooms
1/4 Baths:
None
Full Baths:
None
Half Baths:
None
3/4 Baths:
2
Shared Rooms:
Other
Bathroom Details:
- Main Floor 3/4 Bath
- Other
- Upper Level 3/4 Bath
- Walk-In Shower Stall
Dining/Kitchen:
- Breakfast Area
- Breakfast Bar
- Eat In Kitchen
- Informal Dining Room
- Kitchen/Dining Room
- Living/Dining Room
- Other
Laundry:
- Gas Dryer Hookup
- In Unit
- Main Level
- Other
- Washer Hookup
| Upper Level | Size | Sq Ft |
|---|---|---|
| Bedroom | 14 x 11 | 154 |
| Living Room | 23 x 20 | 460 |
| Loft | 9 x 12 | 108 |
| Porch | — | — |
| Bedroom 2 | 14 x 11 | 154 |
| Main Level | Size | Sq Ft |
|---|---|---|
| Bonus Room | 23 x 16 | 368 |
| Dining Room | 7 x 5 | 35 |
| Flex Room | 15 x 5 | 75 |
| Kitchen | 23 x 9 | 207 |
| Patio | — | — |
| Storage | 8 x 4 | 32 |
Lake & Waterfront
Waterfront Present:
Y
Waterfront View:
Lake, Panoramic, West
WF Frontage:
180
Elev Highpt to WF feet:
0-4
Waterfront:
- Association Access
- Dock
- Lake Front
- Lake View
- Shared
Lake Bottom:
- Excellent Sand
- Sand
Lot & Land
Acres:
0.18
Geolocation:
47.5721848311, -91.079238542
Lot Dimensions:
Getting
Zoning:
- Other
- Residential-Single Family
- Shoreline
Lot Description:
- Accessible Shoreline
- Irregular Lot
- Tree Coverage - Heavy
- Underground Utilities
Schools
School District:
381
District Phone:
2188348216
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,302
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,302
Association Fee Required:
Yes
Association Fee:
$120
Association Fee Frequency:
Monthly
Association Fee Includes:
- Beach Access
- Dock
- Lawn Care
- Maintenance Grounds
- Other
- Parking
- Recreation Facility
- Sanitation
- Shared Amenities
- Snow Removal
- Water
Association Company:
Unorganized Territory
Association Company Number:
7633819951
Miscellaneous
Fuel System:
- Electric
- Propane
Sewer System:
- Other
- Septic System Compliant - Yes
- Shared Septic
Water System:
- Drilled
- Shared System
- Well
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Classic Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.