A rare waterfront opportunity with endless possibilities! This unique property includes a beautifully finished 3-bedroom, 3-bath main home and a cozy detached guest cabin with its own garage. Even better, each structure sits on its own separate parcel, offering exceptional flexibility for future use, investment, or resale.
Nestled along the channel connecting Emily Lake and Mary Lake, you’ll enjoy a private dock with easy access to both lakes, giving you boating, fishing, and waterfront recreation right outside your door. Take in stunning water views from the bright, open-concept main home, where spacious living areas and quality finishes create a warm and inviting atmosphere for everyday living or entertaining. Step outside to the expansive deck, the perfect place to relax, entertain guests, dine outdoors, or simply enjoy the peaceful waterfront setting.
The charming guest cabin is ideal for hosting family and friends, creating a private home office, or generating rental income. Whether you’re looking for a year-round residence, a weekend retreat, or an investment opportunity, this versatile property is ready to fit your lifestyle.
Located just minutes from the city of Emily and surrounded by miles of ATV and recreational trails, you’ll enjoy four-season adventure with boating, fishing, snowmobiling, ATVing, hiking, and more. Don’t miss this one-of-a-kind chance to own a spectacular waterfront property with unmatched versatility and access to the best of Minnesota’s lake country.
Active
Price cut: $29.1K (8/14)
$649,900
40372 Little Pine River Rd, Emily, MN 56447
3beds
3,060sqft
Single Family
Built in 2000
1.52 Acres Lot
$634,600 Zestimate®
$212/sqft
$-- HOA
What's special
- 38 days
- 433
- 19
Zillow last checked:
Listing updated:
Listed by:
Michael D. Williams 320-841-0033,
RE/MAX Results - Nisswa
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7127330
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
- Area: 368 Square Feet
- Dimensions: 16x23
Bedroom 2
- Level: Upper
- Area: 276 Square Feet
- Dimensions: 12x23
Bedroom 3
- Level: Lower
- Area: 176 Square Feet
- Dimensions: 11x16
Dining room
- Level: Main
- Area: 299 Square Feet
- Dimensions: 13x23
Family room
- Level: Lower
- Area: 300 Square Feet
- Dimensions: 15x20
Kitchen
- Level: Main
- Area: 368 Square Feet
- Dimensions: 16x23
Living room
- Level: Main
- Area: 240 Square Feet
- Dimensions: 15x16
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Features
- Basement: Daylight,Egress Window(s),Finished,Full,Walk-Out Access
- Number of fireplaces: 2
Interior area
- Total structure area: 3,060
- Total interior livable area: 3,060 sqft
- Finished area above ground: 1,880
- Finished area below ground: 1,180
Property
Parking
- Parking features: Gravel
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- On waterfront: Yes
- Waterfront features: Channel Shore, Lake Front
- Frontage length: Water Frontage: 120
Lot
- Size: 1.52 Acres
- Dimensions: 160 x 348 x 227 x 339
Details
- Foundation area: 1180
- Additional parcels included: 21260596
- Parcel number: 21260597
- Zoning description: Shoreline,Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Frame
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2000
Utilities & green energy
- Gas: Propane
- Sewer: Private Sewer
- Water: Well
Community & HOA
Community
- Subdivision: Little Pine River Add Emily
HOA
- Has HOA: No
Location
- Region: Emily
Financial & listing details
- Price per square foot: $212/sqft
- Tax assessed value: $434,400
- Annual tax amount: $3,842
- Date on market: 8/14/2026
- Cumulative days on market: 121 days
Estimated market value
$634,600
$603,000 - $666,000
$2,547/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2026 | Price change | $649,900-4.3%$212/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7127330 Report a problem | ||
| 7/16/2026 | Price change | $679,000-2.9%$222/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7094085 Report a problem | ||
| 6/16/2026 | Price change | $699,000+55.7%$228/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7094085 Report a problem | ||
| 5/15/2026 | Listed for sale | $449,000+232.6%$147/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7055527 Report a problem | ||
| 1/22/2008 | Sold | $135,000$44/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1302362 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,209 -11.3% | $426,946 +5.7% |
| 2024 | $2,491 +4.9% | $403,838 -1.3% |
| 2023 | $2,375 +25.3% | $409,115 +9.7% |
| 2022 | $1,895 -14.3% | $372,927 +58.4% |
| 2021 | $2,211 -3.2% | $235,369 -11.1% |
| 2020 | $2,283 +27.8% | $264,690 +28.8% |
| 2017 | $1,786 | $205,503 +4.2% |
| 2016 | $1,786 +32.5% | $197,300 +28% |
| 2015 | $1,348 +3.1% | $154,200 -1.5% |
| 2014 | $1,308 -29.4% | $156,600 -19.4% |
| 2012 | $1,853 +0.3% | $194,200 |
| 2011 | $1,847 +14.3% | $194,200 -3.1% |
| 2010 | $1,616 -9.8% | $200,400 +0.1% |
| 2009 | $1,792 | $200,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 56447
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