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4 Beds
3 Baths
4,268 sqft

$834,500

1804 Hwy 61 E, Grand Marais MN, 55604

Price per sqft$195.52
Built in2006
Property size4,268 sqft
Property typeResidential
Courtesy of Coldwell Banker North Shore, Virginia Detrick Palmer Listing Contact: ***

Overview

Active

Listed Apr 17, 2026

Updated Aug 16

Lake Superior Investment Opportunity | Main Home + Apartment + Guest House! Discover an exceptional North Shore investment opportunity just minutes east of Grand Marais with convenient access from Highway 61 and additional frontage on Croftville Road. Set on 1.17 south-facing acres with stunning Lake Superior views, this versatile property features three distinct living spaces—a spacious 4-bedroom, 3-bath main home, private one-bedroom apartment, and charming guest house—creating outstanding flexibility for personal use, hosting, multigenerational living, or income potential. Designed to capture the beauty of Lake Superior, the property offers expansive water views, bright interiors, and multiple living configurations rarely found in one offering. The guest house includes three bedrooms and two baths, with a bright living room featuring a wall of windows showcasing breathtaking lake views and access to a deck overlooking the water. A full kitchen, dining area, and separate driveway create privacy and make the space ideal for guests or rental use. The main residence blends comfort and function. An entry/mudroom connects the garage to a well-appointed kitchen with a large pantry and center island. The dining area opens to a lakeside deck, while the spacious living room is ideal for relaxing or entertaining. French doors lead to a study or additional bedroom. The primary suite enjoys Lake Superior views and includes a private bath with double vanity, walk-in closet, and linen storage. A large laundry room offers space for hobbies or office use, while an additional bedroom completes the upper level. The lower level provides abundant storage, a family room opening to the yard, and a large multipurpose room suited for a studio, gym, library, or flex space. Completing the property is the one-bedroom apartment featuring a living room, kitchen with dining space, ¾ bath, and bright bedroom. With a history of long-term rentals and future short-term rental potential across all three dwellings, this property offers exceptional flexibility as an investment, retreat, or family compound. Virtual Tour: https://my.matterport.com/show

$5,552/mo

Est. mortgage payment based on a $834,500 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
6124556

Interior Features

Bedrooms
4
Bathrooms
3
Fireplace
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
1.17 Acres

Other Property Details

Taxes
$3,998
Tax Frequency
Annually
Garage
Yes
View
Yes
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Listings courtesy of Lake Superior Area REALTORS® as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor THINK. Home & Land shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 3:04 AM UTC on 8/16/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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