Date
Details
Price
Change
Source
10/10/2025
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$450,000
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Property Description
Surrounded by breathtaking beauty, a unique opportunity awaits to own a versatile piece of commercially zoned real estate along Lake Superior's North Shore in Beaver Bay. Tucked just inland from the shoreline, it features a solid home ready for thoughtful updates, a two-stall garage, an additional slab awaiting a new home or outbuilding, two septics and two wells, and a large pole barn perfect for storage, a workshop, or creative ventures. Whether you envision a comfortable year-round residence, a peaceful weekend escape, an income-producing rental, or other business venture, this property provides a strong foundation to bring your vision to life. Located in one of Minnesota's most desirable regions, this property provides convenient access to pristine state parks such as Gooseberry Falls and Split Rock Lighthouse, as well as the renowned Superior Hiking Trail. Just steps away, the charming local shops and unique character of Beaver Bay add to the area's appeal. No matter what your vision is, you will discover an excellent opportunity to embrace the North Shore lifestyle.
Full Property Details
Full Property Details for 4892 Hwy 61 N
General
- Price: $450,000
- Taxes: $1,796 (2025)
- Status: Active
- Type: Single Family
- Source: 1402
- MLS ID: 6122410
- Updated: 10/11/2025
- Added to Site: 100 day(s) ago
Interior
- Appliances: Dryer, Range, Refrigerator, Washer
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 1
- 3/4 Bathrooms: 1
- 1/4 Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
Parking
- Garage Spaces: 2
Location
- Area: R
- County: Lake County
- Driving Directions: Hwy. 61 to 4892 Hwy. 61 N., turn right to home on left.
School Information
- High School District: Lake Superior #381
Heating & Cooling
- Heating Type: Propane
Utilities
- Sewer: Mound Septic
- Water: Shared, Drilled
Structural Information
- Architectural Style: Traditional
- Construction: Concrete Block, Frame/Wood
- Exterior Const.: Block, Wood
- Basement: Yes
- Basement Desc.: None
- Roof: Asphalt Shingle
- Stories/Levels: 2
- Square Feet: 2,208
- Year Built: 1948
Additional Structures
- Other Structures: Pole Building
Lot Features
- Property View: Panoramic
- Lot Size (Acres): 3.23
- Lot Dimensions: 3.23 acres, irregular
- Frontage: Highway
- Development Status: Previously Owned
Financial Considerations
- Price Per Sq. Ft.: $203.8
- Tax Amount: $1,796
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: 26-5507-07350: SEC 7-2 of TWP 55 RGE 07 of E 100 FT of W 185.5 FT of S 100 FT of N, 26-5507-07310: SEC 7-2 of TWP 55 RGE 07 of that part of GOV LOT 2 LYING N of A LINE DESC
- Property ID: 26-5507-07310, 26-5507-07350
Listed by Adolphson Real Estate
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Schools
Schools serving 4892 Hwy 61 N
School District:Lake Superior Public School District
| Name | Grades | Distance |
|---|---|---|
William Kelley Elementary School 137 Banks Boulevard, Silver Bay, MN 55614 | PK-6 | 1.6 mi |
Kelley Secondary 137 Banks Boulevard, Silver Bay, MN 55614 | 7-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4892 Hwy 61 N
Tax History
Tax History for 4892 Hwy 61 N
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,422
219%
$239,200
71%
2019
$446
—
$140,200
82%
2019
$446
-5%
$76,900
-28%
2018
$471
2%
$106,700
-1%
2017
$461
-1%
$108,200
-1%
2016
$466
—
$109,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4892 Hwy 61 N
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4892 Hwy 61 N, Beaver Bay, MN 55601 (MLS# 6122410) is a Single Family property with 5 bedrooms, 1 full bathroom and 2 partial bathrooms. 4892 Hwy 61 N is currently listed for $450,000 and was received on October 10, 2025. Want to learn more about 4892 Hwy 61 N? Do you have questions about finding other Single Family real estate for sale in Beaver Bay? You can browse all Beaver Bay real estate or contact a Coldwell Banker agent to request more information.