Date
Details
Price
Change
Source
3/13/2026
Listed
$949,000
—
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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1/65
$949,000 Just Listed
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Property Description
Rare Lakefront Opportunity on Whiteface Reservoir - First Time Ever Offered to the Public and the Seller is MOTIVATED. Discover one of the most extraordinary lakefront properties in Northern Minnesota, now available for the very first time. Nestled on a private peninsula along the pristine shores of Whiteface Reservoir, this remarkable 2.5+ acre estate offers over 1,200 feet of coveted lakeshore - a figure that speaks for itself. With a sandy beach, a private boat launch, and sweeping water views from nearly every direction, this peninsula setting is truly unmatched. The property includes a cozy one-bedroom, two-bath home, perfect as a primary residence, cabin retreat, or guest quarters. It also features a large, heated garage with a studio space and an upper-level office - both easily convertible into additional living space to suit your vision. Step outside to your private outdoor sauna and shower, where the boundary between rustic luxury and natural beauty simply dissolves. With a rich history as a former campground, the land is well-suited for continued recreational use, a family compound, or thoughtful redevelopment. A 40 x77 prepped and seasoned building pad is ready for your dream build, and a brand new well and septic system mean the infrastructure is in place and waiting. Whether you envision a private family retreat, a luxury lodge, or a one-of-a-kind investment property, the bones are already here. Properties like this don't come along. Ever. Call to schedule a tour!
Full Property Details
Full Property Details for 5000 Lakeshore Dr
General
- Price: $949,000
- Taxes: $2,800 (2025)
- Status: Active
- Type: Single Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7035885
- Updated: 3/13/2026
- Added to Site: 3 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Freestanding, Gas, Wood-Burning
- Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
Rooms
Bathrooms
- Total Bathrooms: 2
- 3/4 Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Other Rooms
- Dining Room: Kitchen/Dining Room, Living/Dining Room
- Formal Dining Room: Kitchen/Dining Room, Living/Dining Room
- Laundry: Main Level, Main Level
Additional Information
- Amenities: Dock, Washer/Dryer Hookup, Walk-In Closet
Exterior
- Porch/Patio/Deck: Deck
Parking
- Garage: Yes
- Garage Description: 31 x 32
- Garage Spaces: 2
- Parking Features: Detached Garage, Gravel, Heated Garage, Insulated Garage
Location
- County: St. Louis
- Township: Colvin Twp
- Driving Directions: From Biwabik follow Vermilion Trail (Hwy 4) to Lakeshore Dr (CR 634) follow to the end.
School Information
- School District: 1229 - Mesabi East
- High School District: Mesabi East
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Fireplace(s)
- Heating Fuel: Electric, Propane, Wood
Utilities
- Sewer: Mound Septic, Septic System Compliant - Yes
- Water: Drilled, Well
Structural Information
- Exterior Const.: Frame
- Foundation Size: 775
- Roof: Asphalt
- Disability Access: None
- Square Feet: 775
- Above Ground: 775 Sq. Ft.
- Finished Down/Base.: 775 Sq. Ft.
- Year Built: 1926
Additional Structures
- Other Structures: Sauna, Storage Shed
Lot Features
- Lot Size (Acres): 2.5
- Lot Dimensions: 500 x 240
- Frontage: County Road
- Zoning: Residential-Single Family
- Lot Description: Irregular Lot, Island/Peninsula, Medium Tree Coverage
Water Features
- Water Front Desc.: Lakefront
- Water Front Feet: 1200
- Lake Front: Yes
Financial Considerations
- Tax Amount: $2,800
- Tax Year: 2025
- Terms: Conventional, VA, FHA, Cash
Disclosures and Reports
- Legal Description: COLVIN COVE Lot 2, Block 4
- Property ID: 300001400150
Listed by Next Door Realty
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Schools
Schools serving 5000 Lakeshore Dr
School District:Mesabi East School District
| Name | Grades | Distance |
|---|---|---|
Mesabi East Elementary School 601 North 1st Street West, Aurora, MN 55705 | PK-6 | 16.7 mi |
Mesabi East Secondary 601 North 1st Street West, Aurora, MN 55705 | 7-12 | 16.7 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 5000 Lakeshore Dr
Tax History
Tax History for 5000 Lakeshore Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,582
—
$210,800
—
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 5000 Lakeshore Dr
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5000 Lakeshore Drive, Makinen, MN 55763 (MLS# 7035885) is a Single Family property with 1 bedroom, 0 full bathrooms and 2 partial bathrooms. 5000 Lakeshore Drive is currently listed for $949,000 and was received on March 13, 2026. Want to learn more about 5000 Lakeshore Drive? Do you have questions about finding other Single Family real estate for sale in Makinen? You can browse all Makinen real estate or contact a Coldwell Banker agent to request more information.