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Sold for $262,000
  • $262,000

    77 Magnetic Lake Rd, Grand Marais, MN 55604

    --beds
    --baths
    5.7Acres
    Unimproved Land
    Built in ----
    5.7 Acres Lot
    $-- Zestimate®
    $--/sqft
    $1,311 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,311/mo

    Zestimate® history
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    What's special

    Welcome to a breathtaking slice of the Gunflint Trail wilderness—5.7 wooded acres of lakefront property on the pristine waters of Magnetic Lake. Tucked among the pines, spruce, cedar, and birch, this property offers both privacy and promise—perfect for building your dream cabin, a lovely retreat, or an off-grid haven immersed in nature. With two distinct build sites, you can choose your ideal setting: The first clearing, located on higher ground, offers a sweeping vantage point overlooking Magnetic Lake.The second potential build site, nestled closer to the shoreline, gives you direct access to 300 feet of private lakeshore and the soothing sounds of the water. An intimate trail meanders through the forest down to the lakefront, where you'll find peaceful and serene views. Magnetic Lake, known for its exceptional fishing and connection to the Boundary Waters Canoe Area Wilderness, flows gently North into Saganaga Lake—offering endless paddling and exploration opportunities. Whether you envision a rustic getaway or a secluded seasonal home, this property blends convenience with unspoiled wilderness. Step onto the land and experience what makes the Gunflint Trail so special—clean air, still waters, towering trees, and the sense that you've finally arrived home.

    Zillow last checked: 8 hours ago

    Listing updated: October 22, 2025 at 06:02pm

    Listed by:

    Casey O'Brien 502-315-9248,

    Red Pine Realty,

    Jacob Patten 218-370-8278,

    Red Pine Realty

    Bought with:

    Casey O'Brien, 40986195

    Red Pine Realty

    Source: Lake Superior Area Realtors,MLS#: 6121565MLS Logo

    Facts & features

    Property

    Features
    • Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Hard, Shore-Accessible, Elevation-Medium)
    • Body of water: Magnetic
    • Frontage length: 303
    Lot
    • Size: 5.70 Acres
    • Dimensions: 831 x 295
    Details
    • Parcel number: 505192225

    Community & neighborhood

    Location
    • Region: Grand Marais

    Price history

    DateEventPrice
    10/22/2025Sold$262,000-8.1%
    Source: Lake Superior Area Realtors #6121565 Report a problem
    9/29/2025Pending sale$285,000
    Source: Lake Superior Area Realtors #6121565 Report a problem
    8/27/2025Listed for sale$285,000+187.9%
    Source: Lake Superior Area Realtors #6121565 Report a problem
    9/14/2018Sold$99,000
    Source: Lake Superior Area Realtors #6077344 Report a problem
    9/11/2018Pending sale$99,000
    Source: Lutsen Real Estate Group #6077344 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,592 +9.8%$234,400 +0.1%
    2024$1,450 +0.6%$234,200 +8.1%
    2023$1,442 +11.8%$216,600 +6.5%

    Find assessor info on the county website

    Neighborhood: 55604

    Nearby schools

    GreatSchools rating