5241 Rieder Memorial Dr, Silver Bay, MN 55614 - Photo 1

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$499,000

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

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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.

Full Property Details

Full Property Details for 5241 Rieder Memorial Dr

General

Price: $499,000
Taxes: $3,588 (2025)
Status: Active
Type: Single Family
Source: 1402
MLS ID: 6122974
Updated: 12/5/2025
Added to Site: 61 day(s) ago

Interior

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

Rooms

Bathrooms

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

Bedrooms

Total Bedrooms: 5

Parking

Garage Spaces: 2

Location

Area: R
County: Lake County
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

High School District: Lake Superior #381

Heating & Cooling

Heating Type: Forced Air

Utilities

Sewer: Private Sewer
Water: Drilled

Structural Information

Architectural Style: Log
Construction: Log Home, Timber/Post & Beam
Exterior Const.: Log
Basement: Yes
Basement Desc.: Full
Foundation: Other
Stories/Levels: 1.25
Square Feet: 3,439
Year Built: 1986

Lot Features

Lot Size (Acres): 20
Lot Dimensions: 20 acres
Development Status: Previously Owned

Financial Considerations

Price Per Sq. Ft.: $145.1
Tax Amount: $3,588
Tax Year: 2025

Disclosures and Reports

Legal Description: S 660 FT OF SW1/4 OF SW1/4
Property ID: 26-5607-21620

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Schools

Schools serving 5241 Rieder 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 Rieder Memorial Dr Get Price Alerts and Save Property

Date

Details

Price

Change

Source

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 Rieder Memorial Dr, Silver Bay, MN 55614 (MLS# 6122974) is a Single Family property with 5 bedrooms, 2 full bathrooms and 2 partial bathrooms. 5241 Rieder Memorial Dr is currently listed for $499,000 and was received on November 18, 2025. Want to learn more about 5241 Rieder Memorial Dr? 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 Rieder Memorial Dr Silver Bay, MN 55614