Skip main navigation
Active
    • Price cut: $25K (5/26)
    $449,900

    40699 Mary Lake Rd, Emily, MN 56447

    1beds
    1,040sqft
    : 
    $2,706/mo
    Get pre-qualified
    Single Family
    Built in 1989
    0.89 Acres Lot
    $440,700 Zestimate®
    $433/sqft
    $-- HOA

    What's special

    Existing cabin
    Rare opportunity to own a large lakefront parcel on desirable Lake Mary with approximately 200 feet of shoreline. This unique property offers immediate usability with an existing cabin while providing excellent long-term potential for future improvements. The current cabin is situated near the water and works well as a seasonal getaway, guest cabin, or interim use property. The north portion of the lot offers ample space to build a new cabin, garage with bunkhouse, or create a custom lakefront retreat (subject to local approvals). With lakefront lot values in the area typically ranging from $275K–$325K, this property presents a compelling opportunity to secure premium frontage with added flexibility and upside. Whether you're looking for an entry point onto Lake Mary, a future build site, or a property to enjoy now and improve over time, this is a unique offering with strong potential. Beyond the property itself, enjoy easy access to golf courses, ATV and snowmobile trails, world-class mountain biking at Cuyuna, excellent fishing, nearby wildlife areas, and numerous dining and recreation opportunities throughout the Emily, Outing, Crosslake, and Fifty Lakes communities.See additional supplements. Some photos virtually staged.
    85 days
    |
    489
    |
    29
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Brent D Nordstrom 612-770-8838,

    Compass

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7035712MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 2
      • Full bathrooms: 1
      • 3/4 bathrooms: 1
      Bedroom
      • Level: Upper
      • Area: 210 Square Feet
      • Dimensions: 15x14
      Deck
      • Level: Main
      • Area: 128 Square Feet
      • Dimensions: 16x8
      Kitchen
      • Level: Main
      • Area: 64 Square Feet
      • Dimensions: 8x8
      Living room
      • Level: Main
      • Area: 288 Square Feet
      • Dimensions: 18x16
      Loft
      • Level: Upper
      • Area: 128 Square Feet
      • Dimensions: 16x8
      Heating
      • Forced Air
      Cooling
      • Central Air
      Appliances
      • Included: Cooktop, Dryer, Microwave, Refrigerator, Washer
      Features
      • Basement: Crawl Space
      • Number of fireplaces: 1
      • Fireplace features: Electric, Living Room
      Interior area
      • Total structure area: 1,040
      • Total interior livable area: 1,040 sqft
      • Finished area above ground: 1,040
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Parking features: Gravel
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck
      • Fencing: Chain Link
      • On waterfront: Yes
      • Waterfront features: Lake Front, Lake Bottom(Hard, Sand)
      • Frontage length: Water Frontage: 200
      Lot
      • Size: 0.89 Acres
      • Features: Tree Coverage - Medium
      Details
      • Additional structures: Storage Shed
      • Foundation area: 488
      • Parcel number: 74300521
      • Zoning description: Residential-Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family
      Materials
      • Roof: Age 8 Years or Less
      Condition
      • New construction: No
      • Year built: 1989

      Utilities & green energy

      • Gas: Propane
      • Sewer: Septic System Compliant - Yes
      • Water: Well

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Emily

      Financial & listing details

      • Price per square foot: $433/sqft
      • Tax assessed value: $417,400
      • Annual tax amount: $1,552
      • Date on market: 5/4/2026
      • Cumulative days on market: 121 days

        Estimated market value

        $440,700

        $419,000 - $463,000

        $1,464/mo

        Price history

        DateEventPrice
        5/26/2026Price change$449,900-5.3%$433/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7035712 Report a problem
        5/10/2026Listed for sale$474,900$457/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7035712 Report a problem
        10/28/2025Listing removed$474,900$457/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6754783 Report a problem
        8/27/2025Price change$474,900-4.8%$457/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6754783 Report a problem
        7/31/2025Listed for sale$499,000+8.5%$480/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6754783 Report a problem
        11/14/2022Sold$460,000-1.1%$442/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6220599 Report a problem
        10/5/2022Pending sale$464,900$447/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6220599 Report a problem
        8/23/2022Price change$464,900-2.1%$447/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6220599 Report a problem
        8/8/2022Price change$474,900-1%$457/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6220599 Report a problem
        7/18/2022Price change$479,900-1%$461/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6220599 Report a problem
        7/6/2022Price change$484,900-1%$466/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6220599 Report a problem
        6/29/2022Price change$489,900-2%$471/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6220599 Report a problem
        6/23/2022Price change$499,900-2%$481/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6220599 Report a problem
        6/15/2022Listed for sale$510,000+2%$490/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6220599 Report a problem
        11/5/2021Sold$499,900$481/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6021655 Report a problem
        10/4/2021Pending sale$499,900$481/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6021655 Report a problem
        9/22/2021Listed for sale$499,900+148.7%$481/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6021655 Report a problem
        6/14/2019Sold$201,000$193/sqft
        Source: NorthstarMLS as distributed by MLS GRID #5136467 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,527 -6.5%$408,416 +11.3%
        2024$1,633 -23.4%$367,105 +12.7%
        2023$2,131 +48.5%$325,800 +4.4%
        2022$1,435 $312,100
        2021-- --
        2020-- --
        2017$1,522 $162,000 -2.8%
        2016$1,522 -19.6%$166,600 -10.3%
        2015$1,892 +74.6%$185,700 -16.2%
        2014$1,084 -51.7%$221,600 -10.1%
        2012$2,244 +0.5%$246,500
        2011$2,233 -0.4%$246,500 -14.7%
        2010$2,242 +5.5%$288,900 +6.8%
        2009$2,126 $270,400
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 56447

        Getting around

        0 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts

        Similar homes

              Nearby cities

              Nearby zip codes

              Other Emily Topics

                Search
                Updates
                Favorites
                Plan
                Inbox