6701 State Hwy 1, Finland, MN 55603 - Photo 1

1/1

$472,000

Sold
Closed
Single Family
6 Beds
4 Partial Baths
4,834 Sq. Ft.
1 Car Garage

1/1

Property Description

Incredible opportunity to own a dual-unit vacation rental property on the scenic Baptism River. The main building is a fully renovated 5-bedroom retreat-formerly a bar and restaurant-offering generous space for large groups. A second 1-bedroom cabin sits just steps from the riverbank, perfect for couples or solo travelers. Both units have seen recent updates, including mini-split cold-climate heat pump systems, updated electrical, a new kitchen, new flooring, multiple new windows, a new deck, and fresh exterior paint. The property also benefits from a conditional use permit, streamlining ongoing short-term rental operations. Located across the street from a snowmobile/ATV trail and minutes from Tettegouche State Park, this is a sought-after destination for hiking, biking, fishing, and year-round outdoor adventure. Grossed $85,000 in rental revenue last year. Whether you're an investor seeking steady cash flow or a vacation rental owner looking for a turnkey North Shore asset in a prime recreation area-this property checks every box.

Full Property Details

Full Property Details for 6701 State Hwy 1

General

Sold For: $472,000
Taxes: $4,164 (2025)
Status: Closed
Type: Single Family
Source: 1402
MLS ID: 6120354
Added to Site: 206 day(s) ago

Interior

Fireplace: Yes
Number of Fireplaces: 3
Fireplace(s): Gas

Rooms

Bathrooms

Total Bathrooms: 4
3/4 Bathrooms: 2
1/4 Bathrooms: 2

Bedrooms

Total Bedrooms: 6

Parking

Garage Spaces: 1

Location

Area: R
County: Lake County
Driving Directions: Turn onto Hwy 1 and property is on your left hand side after you drive over Baptism River

School Information

High School District: Lake Superior #381

Heating & Cooling

Cooling Type: Ductless Mini-Split
Heating Type: Boiler, Fireplace(s), Heat Pump, Hot Water, Ductless Mini-Split

Utilities

Sewer: Private Sewer
Water: Private

Structural Information

Architectural Style: Other
Construction: Frame/Wood
Exterior Const.: Wood
Basement: Yes
Basement Desc.: Crawl Space, Partial, Posts
Foundation: Concrete, Poured Concrete
Stories/Levels: 2
Square Feet: 4,834
Year Built: 1940

Lot Features

Lot Size (Acres): 2.08
Lot Dimensions: 280 x 148, 178 x 285
Development Status: Previously Owned
Zoning: Residential-Rec Business

Water Features

Water Front: Yes
Water Front Name: Baptism River
Water Front Desc.: River

Financial Considerations

Price Per Sq. Ft.: $97.64
Tax Amount: $4,164
Tax Year: 2025

Disclosures and Reports

Legal Description: See attached
Property ID: 27-5707-17720, 27-5707-17715

Listed and Sold by Heirloom Realty, LLC

What's Your Home Worth?

* Indicates a required field

For a complimentary comparative market analysis, please contact us so we can discuss your home's value.

Your Property Information

Address optional

City *State *

Zip Code *

Your Contact Information

First Name *Last Name *

Email Address *

Phone Number *

Comment *

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Submit, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

Listing agent

— 6701 State Hwy 1 —

Heirloom Realty, LLC

***

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender

NMLS#: 1598647

Get Pre-Approved

Schools

Schools serving 6701 State Hwy 1

School District:Lake Superior Public School District

Name	Grades	Distance
William Kelley Elementary School 137 Banks Boulevard, Silver Bay, MN 55614	PK-6	8.7 mi
Kelley Secondary 137 Banks Boulevard, Silver Bay, MN 55614	7-12	8.7 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 6701 State Hwy 1

Date

Details

Price

Change

Source

10/01/2025

Sold

$472,000

-4.65%

MLS

8/18/2025

Price Reduced

$495,000

-8.32%

MLS

8/11/2025

Price Reduced

$539,900

-1.82%

MLS

7/24/2025

Price Reduced

$549,900

-6%

MLS

6/26/2025

Listed

$585,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

106 Edison Blvd, Silver Bay, MN 55614 - Photo 1

Just Listed

$229,900

106 Edison Blvd Silver Bay, MN 55614

Single Family
Active
Updated 5 days ago

4
Beds
3
Total Baths
1,960
Sq. Ft.

Listed by RE/MAX Results

Tbd Hwy 61, Beaver Bay, MN 55601 - Photo 1

Just Listed

$189,000

Tbd Hwy 61 Beaver Bay, MN 55601

Land Residential
Active
Updated 1 day ago

10.32
Acres

Listed by Legacy Real Estate Group LLC

122 Banks Blvd, Silver Bay, MN 55614 - Photo 1

Price Reduced

-$10,000 (-9.1%)

$99,900

122 Banks Blvd Silver Bay, MN 55614

Single Family
Active
Updated 3 days ago

2
Beds
1
Total Bath
875
Sq. Ft.

Listed by RE/MAX Results - Nisswa

88 Banks Blvd, Silver Bay, MN 55614 - Photo 1

Price Reduced

-$10,000 (-8%)

$115,000

88 Banks Blvd Silver Bay, MN 55614

Single Family
Active
Updated 1 day ago

3
Beds
1
Total Bath
864
Sq. Ft.

Listed by Legacy Real Estate Group LLC

6644 Roses Rd, Finland, MN 55603 - Photo 1

Sold

$473,500

6644 Roses Rd Finland, MN 55603

Single Family
Closed

3
Beds
2
Total Baths
2,600
Sq. Ft.

Listed and Sold by eXp Realty, LLC

6554 W Hwy 61, Tofte Township, MN 55615 - Photo 1

Sold

$459,000

6554 W Hwy 61 #3030 Tofte Township, MN 55615

Condo
Closed

2
Beds
2
Total Baths
854
Sq. Ft.

Listed by eXp Realty
Sold by Songbird Realty MN

3428 Lalonde Beach Rd, Brimson, MN 55602 - Photo 1

Sold

$445,000

3428 Lalonde Beach Rd Brimson, MN 55602

Single Family
Closed

2
Beds
1
Total Bath
1,472
Sq. Ft.

Listed by RE/MAX Professionals - Two Harbors
Sold by Edina Realty, Inc. - Duluth

1362 Gun Club Rd, Two Harbors, MN 55616 - Photo 1

Sold

$459,900

1362 Gun Club Rd Two Harbors, MN 55616

Single Family
Closed

3
Beds
2
Total Baths
1,500
Sq. Ft.

Listed by Legacy Real Estate Group LLC
Sold by Edina Realty, Inc. - Duluth

6701 State Hwy 1, Finland, MN 55603 (MLS# 6120354) is a Single Family property that was sold at $472,000 on October 01, 2025. Want to learn more about 6701 State Hwy 1? Do you have questions about finding other Single Family real estate for sale in Finland? You can browse all Finland real estate or contact a Coldwell Banker agent to request more information.

6701 State Hwy 1 Finland, MN 55603