Date
Details
Price
Change
Source
10/30/2025
Listed
$1,500,000
—
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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1/70
$1,500,000 Contingent
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1/70
Property Description
Discover a rare opportunity along the shores of Ruth Lake in Emily, MN. This property offers the perfect blend of nostalgia, comfort, and modern convenience. Featuring a 3 bedroom 2 bathroom year-round home and 8 seasonal cabins and set along 300 feet of level, sandy shoreline. The detached garage includes a large storage area, 2nd office space, and additional storage upstairs. The well-maintained grounds offer a children's playhouse, swing set, fish cleaning house, paddle boards & kayaks, along with two docks for easy lake access and boating. This turnkey property provides an excellent opportunity to continue a successful seasonal resort business, create a private family compound, or explore short-term rental options.
Full Property Details
Full Property Details for 40730 Bay
General
- Price: $1,500,000
- Taxes: $7,548 (2025)
- Status: Contingent
- Type: Single Family
- Source: NorthStarMLS_RMLS
- MLS ID: 6816659
- Updated: 1/15/2026
- Added to Site: 78 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
- Appliances: Cooktop, Dishwasher, Double Oven, Dryer, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Amenities: Ceiling Fan(s), Deck, Dock, Hardwood Floors, Kitchen Center Island, Kitchen Window, Natural Woodwork, Wet Bar
Exterior
- Porch/Patio/Deck: Covered, Deck, Front Porch
Parking
- Garage: Yes
- Garage Description: 38 x 26
- Garage Spaces: 2
- Parking Features: Detached Garage, Gravel
Location
- County: Crow Wing
- Township: Emily
- Subdivision: Ruth Lake Shores
- Driving Directions: From Emily, Head N on Hwy 6, Right on S Bay Dr to the "Ruth Lake Resort" Sign.
School Information
- School District: 904 - Crosby-Ironton
- High School District: Crosby-Ironton
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Fireplace(s)
- Heating Fuel: Propane
Utilities
- Sewer: Septic System Compliant - Yes, Tank with Drainage Field
- Water: Drilled, Shared System, Well
Structural Information
- Basement: Yes
- Basement Desc.: Block, Unfinished
- Foundation Size: 624
- Disability Access: None
- Square Feet: 1,224
- Above Ground: 1,224 Sq. Ft.
- Below Ground: 624 Sq. Ft.
- Year Built: 1950
Lot Features
- Lot Size (Acres): 2.08
- Lot Dimensions: 302 x 212 x 315 x 282
- Zoning: Business/Commercial, Shoreline
Water Features
- Water Front Desc.: Lakefront
- Water Front Feet: 302
- Lake Front: Yes
- Lake Bottom: Sand
Financial Considerations
- Tax Amount: $7,548
- Tax Year: 2025
- Terms: Conventional, Cash
Disclosures and Reports
- Legal Description: Ruth Lake Shores, Lots 28-33
Listed by Edina Realty, Inc.
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— 40730 Bay —
Edina Realty, Inc.
NMLS#: 1598647
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Schools
Schools serving 40730 Bay
School District:Crosby-Ironton Public School District
| Name | Grades | Distance |
|---|---|---|
Cuyuna Range Elementary School 509 6th Avenue Northeast, Crosby, MN 56441 | PK-6 | 17.6 mi |
Crosby-Ironton Secondary 711 Poplar Street, Crosby, MN 56441 | 7-12 | 18.2 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 40730 Bay
Tax History
Tax History for 40730 Bay
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,448
—
$334,100
7%
2024
$2,452
1%
$313,300
1%
2023
$2,432
—
$308,700
7%
2023
$2,432
-25%
$287,300
-4%
2021
$3,260
1%
$300,600
7%
2020
$3,214
—
$279,900
-4%
2020
$3,214
2%
$291,200
4%
2019
$3,144
5%
$279,900
13%
2018
$3,000
5%
$247,100
4%
2017
$2,866
1%
$236,500
—
2016
$2,836
13%
$235,900
23%
2015
$2,504
4%
$191,200
-2%
2014
$2,405
4%
$194,500
—
2013
$2,307
—
$195,200
—
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 40730 Bay
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40730 Bay, Emily, MN 56447 (MLS# 6816659) is a Single Family property with 3 bedrooms and 2 full bathrooms. 40730 Bay is currently listed for $1,500,000 and was received on October 30, 2025. Want to learn more about 40730 Bay? Do you have questions about finding other Single Family real estate for sale in Emily? You can browse all Emily real estate or contact a Coldwell Banker agent to request more information.