31336 Rasmussen Rd, Pequot Lakes, MN 56472

FOR SALE BY OWNER – Main Home $729,900 + Guest House $219,900 (TOTAL listing price $949,800) Beautiful one-level living within walking distance to downtown Pequot Lakes, set on 2.4 acres and featuring a large heated shop plus an income-producing guest house. Main Home - 40 x 65 (2,600 sq. ft.) • 3 bedrooms, 4 bathrooms • Single-level living with 3-foot doors for accessibility • Quality 2×6 construction on a block foundation with slab • Open floor plan with large windows and excellent natural light • Wood-vaulted ceiling • Wood-burning fireplace • Custom cabinetry throughout • Quartz countertops, including a 13-foot island • Spacious home office Shop / Man Cave • 45 × 70 heated shop perfect for hobbies, storage, or entertaining • Sauna and bar area • Two overhead doors: o 14 × 14 door (ideal for RV storage) o 8 × 16 garage door • 50-amp RV hookup with water, sewer, and indoor dump access Guest House – Income Potential Located on the same property is a 3-bedroom, 1-level, 2-bath guest house, currently generating $1,850 per month in rental income. Layout includes: • 2-bedroom unit with kitchen • 1-bedroom unit with kitchen • Separate entries with a connecting door between units Buyers benefit from: • Immediate rental income • Multi-generational living option • Potential Airbnb or long-term rental flexibility • Two homes plus a large shop on one property Example Income Offset: At $1,850/month rental income, the guest house could offset $22,200 per year toward the mortgage.