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.
Active
Price cut: $25K (5/26)
$449,900
40699 Mary Lake Rd, Emily, MN 56447
1beds
1,040sqft
Single Family
Built in 1989
0.89 Acres Lot
$436,400 Zestimate®
$433/sqft
$-- HOA
What's special
Existing cabin
- 39 days |
- 715 |
- 31 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Brent D Nordstrom 612-770-8838,
Compass
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7035712
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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: 89 days
Estimated market value
$436,400
$415,000 - $458,000
$1,601/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Price change | $449,900-5.3%$433/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7035712 Report a problem | ||
| 5/10/2026 | Listed for sale | $474,900$457/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7035712 Report a problem | ||
| 10/28/2025 | Listing removed | $474,900$457/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6754783 Report a problem | ||
| 8/27/2025 | Price change | $474,900-4.8%$457/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6754783 Report a problem | ||
| 7/31/2025 | Listed for sale | $499,000+8.5%$480/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6754783 Report a problem | ||
| 11/14/2022 | Sold | $460,000-1.1%$442/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6220599 Report a problem | ||
| 10/5/2022 | Pending sale | $464,900$447/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6220599 Report a problem | ||
| 8/23/2022 | Price change | $464,900-2.1%$447/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6220599 Report a problem | ||
| 8/8/2022 | Price change | $474,900-1%$457/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6220599 Report a problem | ||
| 7/18/2022 | Price change | $479,900-1%$461/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6220599 Report a problem | ||
| 7/6/2022 | Price change | $484,900-1%$466/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6220599 Report a problem | ||
| 6/29/2022 | Price change | $489,900-2%$471/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6220599 Report a problem | ||
| 6/23/2022 | Price change | $499,900-2%$481/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6220599 Report a problem | ||
| 6/15/2022 | Listed for sale | $510,000+2%$490/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6220599 Report a problem | ||
| 11/5/2021 | Sold | $499,900$481/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6021655 Report a problem | ||
| 10/4/2021 | Pending sale | $499,900$481/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6021655 Report a problem | ||
| 9/22/2021 | Listed for sale | $499,900+148.7%$481/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6021655 Report a problem | ||
| 6/14/2019 | Sold | $201,000$193/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5136467 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | $270,400 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
Climate risks
Neighborhood: 56447
Nearby schools
GreatSchools rating
- 5/10Cuyuna Range Elementary SchoolGrades: PK-6Distance: 17.7 mi
- 7/10Crosby-Ironton SecondaryGrades: 7-12Distance: 18.5 mi
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.
- Minnesota
- Crow Wing County
- Emily
- 56447
- 40699 Mary Lake Rd
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