31336 & 31338 Rasmussen RD Pequot Lakes, MN 56472
3 Beds
4 Baths
2,600 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $346
MLS Listing ID 7083459
Bedrooms 3
Full Baths 2
Half Baths 2
Year Built 2020
Annual Tax Amount $5,628
Tax Year 2026
Contingent None
Lot Size 2.460 Acres
Lot Dimensions 165X475X288X211X123X264
Property Sub-Type Single Family
Property Description
The heart of the home showcases a stunning wood-vaulted ceiling, custom cabinetry throughout, quartz countertops, and an impressive 13-foot center island ideal for gathering and entertaining. Relax by the wood-burning fireplace or retreat to the spacious office/den, perfect for working from home or creating a private getaway space. Car enthusiasts, hobbyists, and entertainers will appreciate the extraordinary 45' x 70' heated shop. Complete with a built-in bar, sauna, and separate his-and-hers bathrooms, this versatile space is designed for work and play. Two overhead doors—including a 14' x 14' door ideal for RV storage and an 8' x 16' garage door—provide exceptional flexibility. RV owners will love the dedicated 50-amp hookup with water, sewer, and indoor dump access.
Adding even more value, the property includes a separate one-level guest house currently generating $1,900 per month in rental income. This highly flexible residence can function as a single 3-bedroom, 2-bath home or as two separate rental units. One side features 2 bedrooms, a living room, full kitchen, bathroom, and laundry. The other side offers 1 bedroom, a living room, kitchen. You'll also find beautiful pine wood flooring that has been newly refinished A locking door between the units allows owners to easily configure the space as one residence or two independent living areas. Whether used for multi-generational living, Airbnb rentals, long-term tenants, or guest accommodations, the possibilities are endless.
At current rental rates, the guest house generates approximately $22,800 annually, helping offset mortgage costs while providing excellent investment potential.
Recent improvements include a new roof installed in 2024, along with updated heating and central air conditioning in 2025. An additional detached two-stall garage provides even more storage and parking options. There may also be potential to split the guest house and garage from the main property, creating future investment opportunities.
Whether you're seeking a private residence, income-producing property, hobby retreat, or all three, this exceptional offering delivers unmatched versatility, quality craftsmanship, and endless possibilities.
Location
State MN
County Crow Wing
Zoning Residential-Single Family
Rooms
Basement None
Dining Room Kitchen/Dining Room
Interior
Heating Forced Air, Fireplace(s)
Cooling Central Air
Fireplaces Number 1
Fireplaces Type Living Room, Stone, Wood Burning
Fireplace Yes
Appliance Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer, Water Softener Owned
Laundry Electric Dryer Hookup, Lower Level, Laundry Room, Main Level, Sink, Washer Hookup
Exterior
Parking Features Attached Garage, Gravel, Electric, Garage Door Opener, Heated Garage, RV Access/Parking
Garage Spaces 6.0
Roof Type Age 8 Years or Less,Metal
Building
Lot Description Irregular Lot, Tree Coverage - Light
Story One
Foundation 2600
Sewer Septic System Compliant - Yes, Tank with Drainage Field
Water Drilled
Level or Stories One
Structure Type Frame
New Construction false
Schools
School District Pequot Lakes