Date
Details
Price
Change
Source
5/11/2026
Listed
$549,000
—
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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Property Description
Tucked behind a winding private drive and surrounded by 13.4 wooded acres, this exceptional one level lake home offers 418 feet of shoreline on Stevens Lake and a setting that feels like your own private retreat. Designed for comfort, convenience, and accessibility, this nearly 3,000 sq ft home features wheelchair accessible doorways and hallways throughout, creating true easy one level living. Expansive windows fill the home with natural light while showcasing stunning panoramic lake views year round. The spacious layout includes 4 bedrooms, 3 full baths, two separate living areas, and an open flow ideal for entertaining or everyday living. The primary suite offers two walk in closets and a spa style bath with a jetted tub. New luxury vinyl plank flooring adds a modern, durable finish throughout. Outside, the property continues to impress with a lakeside patio perfect for sunrise coffee or sunset evenings, abundant wildlife, and excellent fishing known for northern and perch. A newly added shed provides extra storage, while the charming additional cabin/she shed/playhouse with electricity offers endless possibilities for guests, hobbies, or creative space. The attached heated 2 car garage adds year round convenience, and an additional exterior power hookup is ready for RV parking or extra equipment needs. A brand new larger well pump offers added peace of mind. Located just minutes from Cohasset, Grand Rapids, and Deer River, this property delivers the perfect blend of privacy, accessibility, acreage, and lake life.
Full Property Details
Full Property Details for 31487 Malbay Rd
General
- Price: $549,000
- Taxes: $3,237 (2025)
- Status: Active
- Type: Single Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7022500
- Updated: 5/11/2026
- Added to Site: 3 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Amusement Room, Gas, Living Room
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Dining Room: Informal Dining Room
- Formal Dining Room: Informal Dining Room
- Laundry: Laundry Room, Laundry Room
Additional Information
- Amenities: Ceiling Fan(s), Kitchen Window, Main Floor Primary Bedroom, Natural Woodwork, Patio, Vaulted Ceiling(s), Washer/Dryer Hookup, Walk-In Closet
Exterior
- Porch/Patio/Deck: Patio
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Description: 23 x 23
- Garage Spaces: 2
- Parking Features: Attached Garage, Electric, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage
Location
- County: Itasca
- Township: Cohasset
- Driving Directions: Head toward NW 4th St/Great River Rd 207 ft Turn right onto US-2 W/NW 4th St/Great River Rd Continue to follow US-2 W/Great River Rd 9.2 mi Turn right onto Itasca County Rd 88 1.5 mi Turn right onto Pincherry Rd 0.4 mi Turn left onto Malbay Rd Destination will be on the left 1.1 mi
School Information
- School District: 318 - Grand Rapids
- High School District: Grand Rapids
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Heat Pump, In-Floor Heating, Zoned
- Heating Fuel: Propane
Utilities
- Sewer: Private Sewer
- Water: Well
Structural Information
- Foundation Size: 2752
- Disability Access: Fully Wheelchair
- Square Feet: 2,864
- Above Ground: 2,864 Sq. Ft.
- Finished Down/Base.: 2,864 Sq. Ft.
- Year Built: 2005
Additional Structures
- Other Structures: Guest House, Storage Shed
Lot Features
- Lot Size (Acres): 13.44
- Lot Dimensions: 418 x 934 x 886 x 1240
- Zoning: Residential-Single Family
- Lot Description: Accessible Shoreline, Medium Tree Coverage
Water Features
- Water Front Desc.: Lakefront
- Water Front Feet: 418
- Water Front Elev.: 0-4
- Lake Front: Yes
- Lake Bottom: Undeveloped
Financial Considerations
- Tax Amount: $3,237
- Tax Year: 2025
- Terms: Conventional, VA, FHA, Cash, Rural Development, USDA
Disclosures and Reports
- Legal Description: LT 5 LYG S & W OF CO RD LESS REV DESC #2
- Property ID: 640183104
Listed by Pemberton RE
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— 31487 Malbay Rd —
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NMLS#: 1598647
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Schools
Schools serving 31487 Malbay Rd
School District:Grand Rapids Public School District
| Name | Grades | Distance |
|---|---|---|
Cohasset Elementary School 450 Columbus Avenue, Cohasset, MN 55721 | K-5 | 5.9 mi |
Robert J. Elkington Middle School 1000 Northeast 8th Avenue, Grand Rapids, MN 55744 | 6-8 | 10.6 mi |
Grand Rapids Senior High School 800 Conifer Drive, Grand Rapids, MN 55744 | 9-12 | 9.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 31487 Malbay Rd
Tax History
Tax History for 31487 Malbay Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,318
-8%
$432,900
18%
2024
$3,620
28%
$368,300
36%
2023
$2,828
18%
$270,600
-1%
2022
$2,396
-2%
$273,000
-9%
2021
$2,446
-35%
$298,600
—
2020
$3,748
16%
$298,600
100%
2019
$3,224
18%
100%
2017
$2,740
—
—
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 31487 Malbay Rd
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31487 Malbay Road, Cohasset, MN 55721 (MLS# 7022500) is a Single Family property with 4 bedrooms and 3 full bathrooms. 31487 Malbay Road is currently listed for $549,000 and was received on May 09, 2026. Want to learn more about 31487 Malbay Road? Do you have questions about finding other Single Family real estate for sale in Cohasset? You can browse all Cohasset real estate or contact a Coldwell Banker agent to request more information.