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Off market
  • $900,000

    31336 Rasmussen Rd, Pequot Lakes, MN 56472

    3beds
    2,600sqft
    SingleFamily
    Built in 2020
    2.4 Acres Lot
    $900,000 Zestimate®
    $346/sqft
    $4,119 Estimated rent

    Home value

    $900,000

    $855,000 - $945,000

    $4,119/mo

    Zestimate® history
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    $5,324/mo

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    $5,324/mo

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    What's special

    FOR SALE BY OWNER – Main Home $709,900 + Guest House $209,900 (TOTAL listing price $919,800) Beautiful one-level living within walking distance to downtown Pequot Lakes, set on 2.4 acres and featuring a large heated shop plus an income-producing guest house. Main Home - 40 x 65 (2,600 sq. ft.) • 3 bedrooms, 4 bathrooms • Single-level living with 3-foot doors for accessibility • Quality 2×6 construction on a block foundation with slab • Open floor plan with large windows and excellent natural light • Wood-vaulted ceiling • Wood-burning fireplace • Custom cabinetry throughout • Quartz countertops, including a 13-foot island • Spacious home office Shop / Man Cave • 45 × 70 heated shop perfect for hobbies, storage, or entertaining • Sauna and bar area • Two overhead doors: o 14 × 14 door (ideal for RV storage) o 8 × 16 garage door • 50-amp RV hookup with water, sewer, and indoor dump access Guest House – Income Potential Located on the same property is a 3-bedroom, 1-level, 2-bath guest house, currently generating $1,900 per month in rental income. Layout includes: • 2-bedroom unit with kitchen • 1-bedroom unit with kitchen • Separate entries with a connecting door between units Buyers benefit from: • Immediate rental income • Multi-generational living option • Potential Airbnb or long-term rental flexibility • Two homes plus a large shop on one property Example Income Offset: At $1,900/month rental income, the guest house could offset $22,800 per year toward the mortgage.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 2
    • 1/2 bathrooms: 2
    Heating
    • Other, Stove, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Flooring: Carpet, Laminate
    • Basement: None
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 2,600 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    Features
    • Exterior features: Metal
    Lot
    • Size: 2.40 Acres
    Details
    • Parcel number: 29110536

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • log
    • Foundation: Slab
    • Roof: Metal
    Condition
    • Year built: 2020

    Community & neighborhood

    Location
    • Region: Pequot Lakes

    Other

    Other facts
    • Laundry: In Unit
    • Parking Type: Garage

    Price history

    DateEventPrice
    5/30/2026Listing removed--
    Source: Owner Report a problem
    5/4/2026Price change$709,900-2.7%$273/sqft
    Source: Owner Report a problem
    3/17/2026Listed for sale$729,900$281/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,285 -2.7%$623,500 +4.3%
    2024$5,429 +323.1%$597,904 -3.3%
    2023$1,283 -15.3%$618,600 +289.3%
    2022$1,515 +4.6%$158,900 +9.6%
    2021$1,449 +6.6%$145,000 +12.8%
    2020$1,359 +59.5%$128,600 +79.7%
    2017$852 $71,551 +13%
    2016$852 +28.3%$63,300 +9%
    2015$664 +111.5%$58,100 -1.5%
    2014$314 -44.5%$59,000 -5.3%
    2012$566 0%$62,300
    2011$566 +10.9%$62,300 -34.4%
    2010$511 -20.6%$94,900 -15%
    2009$643 $111,600

    Find assessor info on the county website

    Neighborhood: 56472

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $900,000
    2% more
    +$18,000
    With Zillow Showcase(estimated)
    $918,000