5241 Reider Memorial Drive, Silver Bay, MN 55614 - Photo 1

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$489,900

For Sale
Active
Single Family
5 Beds
2 Full Baths
2 Partial Baths
3,439 Sq. Ft.
2 Car Garage
Updated 9 days ago

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Property Description

Located just off the shore of Lake Superior on Minnesota's renowned North Shore, this 5-bedroom, 4-bath log home sits on 20 acres of fully wooded privacy with no neighbors in sight and offers multiple main-floor living spaces, vaulted ceilings, natural woodwork, timber construction, and two wood-burning fireplaces, plus a walkout lower level with additional living space. A major bonus is the 840 sq ft seasonal guest quarters above the detached 30x28 garage, featuring an open layout, its own wood-burning fireplace, and a 3/4 bath-ideal for guests or studio use. The property also includes a sauna, covered porch, large deck areas, and level forested ground ideal for trails, recreation, and year-round outdoor use, all just minutes from Silver Bay, state parks, trail systems, and the outdoor amenities that define the North Shore.

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Full Property Details

Full Property Details for 5241 Reider Memorial Dr

General

Price: $489,900
Taxes: $3,588 (2025)
Status: Active
Type: Single Family
Source: NorthStarMLS_RMLS
MLS ID: 6819115
Updated: 1/8/2026
Added to Site: 61 day(s) ago

Interior

Fireplace: Yes
Number of Fireplaces: 3
Fireplace(s): Circulating, Family Room, Freestanding, Living Room, Stone, Wood-Burning

Rooms

Bathrooms

Total Bathrooms: 4
Full Bathrooms: 2
3/4 Bathrooms: 2

Bedrooms

Total Bedrooms: 5

Other Rooms

Dining Room: Kitchen/Dining Room, Living/Dining Room
Formal Dining Room: Kitchen/Dining Room, Living/Dining Room
Laundry: Laundry Closet, Main Level, Laundry Closet, Main Level

Additional Information

Amenities: Ceiling Fan(s), Deck, French Doors, Hardwood Floors, Hot Tub, Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Main Floor Primary Bedroom, Natural Woodwork, Paneled Doors, Sauna, Tile Floors, Vaulted Ceiling(s), Washer/Dryer Hookup

Exterior

Porch/Patio/Deck: Covered, Deck

Parking

Garage: Yes
Attached garage: Yes
Garage Description: 30 x 28
Garage Spaces: 2
Parking Features: Attached Garage

Location

County: Lake
Township: Silver Bay
Driving Directions: From Hwy 61 in silver Bay: Left on Reider Memorial Dr to driveway on left just before cemetery. Follow driveway to Y and stay to right.

School Information

School District: 1544 - Lake Superior
High School District: Lake Superior

Heating & Cooling

Cooling Type: None
Heating Type: Forced Air
Heating Fuel: Electric

Utilities

Sewer: Septic System Compliant - Yes
Water: Well

Structural Information

Exterior Const.: Post and Beam, Log
Basement: Yes
Finished basement: Yes
Basement Desc.: Egress Window(s), Finished, Full, Walk-Out
Foundation Size: 1711
Roof: Asphalt
Disability Access: None
Square Feet: 3,439
Above Ground: 2,439 Sq. Ft.
Below Ground: 1,456 Sq. Ft.
Year Built: 1986

Additional Structures

Other Structures: Guest House

Lot Features

Lot Size (Acres): 20
Lot Dimensions: 20 acres
Zoning: Residential-Single Family
Lot Description: Heavy Tree Coverage

Financial Considerations

Tax Amount: $3,588
Tax Year: 2025
Terms: Conventional, Cash

Disclosures and Reports

Legal Description: S 660 FT OF SW1/4 OF SW1/4
Property ID: 26560721620

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Schools

Schools serving 5241 Reider Memorial Dr

School District:Lake Superior Public School District

Name	Grades	Distance
William Kelley Elementary School 137 Banks Boulevard, Silver Bay, MN 55614	PK-6	2.4 mi
Kelley Secondary 137 Banks Boulevard, Silver Bay, MN 55614	7-12	2.4 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 5241 Reider Memorial Dr Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/08/2026

Price Reduced

$489,900

-1.82%

MLS

12/05/2025

Price Reduced

$499,000

-4.95%

MLS

11/18/2025

Listed

$525,000

—

MLS

Get Price Alerts and Save Property

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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5241 Reider Memorial Drive, Silver Bay, MN 55614 (MLS# 6819115) is a Single Family property with 5 bedrooms, 2 full bathrooms and 2 partial bathrooms. 5241 Reider Memorial Drive is currently listed for $489,900 and was received on November 18, 2025. Want to learn more about 5241 Reider Memorial Drive? Do you have questions about finding other Single Family real estate for sale in Silver Bay? You can browse all Silver Bay real estate or contact a Coldwell Banker agent to request more information.

5241 Reider Memorial Dr Silver Bay, MN 55614