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Sold for $361,000
  • $361,000

    5457 Highway 61, Silver Bay, MN 55614

    3beds
    1,983sqft
    Single Family Residence
    Built in 1954
    4.34 Acres Lot
    $352,300 Zestimate®
    $182/sqft
    $2,647 Estimated rent

    Home value

    $352,300

    $307,000 - $398,000

    $2,647/mo

    Zestimate® history
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    What's special

    Panoramic lake viewsCozy bedroomsSerene acresWell-appointed bathrooms
    Stunning 3-Bedroom Home with Breathtaking Lake Superior Views Welcome to your private North Shore oasis! Set on 4.3 serene acres, this beautifully maintained 3-bedroom, 2-bath home offers a rare combination of privacy, space, and truly exceptional views of Lake Superior and the iconic Palisade Head. Step inside to find a warm and inviting interior, perfect for year-round living or a relaxing getaway. The open-concept living and dining area is filled with natural light and showcases panoramic lake views that change with the seasons. Cozy bedrooms and well-appointed bathrooms ensure comfort and convenience for family or guests. Outside, enjoy your morning coffee or evening sunsets on the deck while soaking in the awe-inspiring scenery. The property also features a detached 1,080 sq ft insulated and heated oversized 2-car garage—offering ample storage space for outdoor gear, recreational toys, and tools. Stay connected and productive with high-speed fiber optic internet, making remote work or streaming a breeze in this peaceful, nature-filled setting. Whether you're looking for a tranquil retreat or a place to host unforgettable gatherings, this property offers a rare opportunity to own a slice of Minnesota's North Shore paradise. Don’t miss your chance to experience the best of Lake Superior living!

    Zillow last checked:

    Listing updated:

    Listed by:

    Jon Chapek 952-715-7707,

    Odyssey Real Estate Group

    Bought with:

    Benjamin Funke, MN 40256822|WI 75567-94

    RE/MAX Results

    Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6120689MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 1
    • 3/4 bathrooms: 1
    • Main level bedrooms: 1
    Heating
    • Forced Air
    Features
    • Basement: Full
    • Number of fireplaces: 1
    • Fireplace features: Gas
    Interior area
    • Total interior livable area: 1,983 sqft
    • Finished area above ground: 1,459
    • Finished area below ground: 524

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached
    • Garage spaces: 2
    Lot
    • Size: 4.34 Acres
    Details
    • Parcel number: 26560721755, 26560721744, 26560721920

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Brick, Wood, Frame/Wood
    • Foundation: Concrete Perimeter
    Condition
    • Previously Owned
    • Year built: 1954

    Utilities & green energy

    • Electric: Coop Power & Light
    • Sewer: Private Sewer
    • Water: Private

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Silver Bay

    Financial & listing details

    • Price per square foot: $182/sqft
    • Tax assessed value: $393,400
    • Annual tax amount: $1,882
    • Date on market: 7/14/2025
    • Cumulative days on market: 65 days

    Price history

    DateEventPrice
    10/24/2025Sold$361,000+3.4%$182/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6120689 Report a problem
    9/18/2025Pending sale$349,000$176/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6120689 Report a problem
    9/8/2025Price change$349,000-16.7%$176/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6120689 Report a problem
    8/15/2025Price change$419,000-6.7%$211/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6120689 Report a problem
    7/14/2025Listed for sale$449,000+113.8%$226/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6120689 Report a problem
    10/17/2012Listing removed$210,000$106/sqft
    Source: CENTURY 21 Gilderman II #21495 Report a problem
    10/12/2012Price change$210,000-2.3%$106/sqft
    Source: CENTURY 21 Gilderman II #21495 Report a problem
    10/11/2012Listed for sale$214,900+2.8%$108/sqft
    Source: CENTURY 21 Gilderman II #21495 Report a problem
    8/1/2008Sold$209,000$105/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #1371103 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,760 -5.5%$382,256 -1.3%
    2024$1,862 +18.9%$387,161 +6.9%
    2023$1,566 -2.3%$362,245 +80.9%
    2022$1,602 +12.6%$200,271
    2021$1,423 -10%$200,271
    2020$1,580 +24%$200,271 +4.3%
    2018$1,274 +2.8%$192,000 +1%
    2017$1,240 -0.6%$190,100 -0.9%
    2016$1,247 -2.6%$191,900 -1.1%
    2015$1,280 $194,100
    2014$1,280 +51.5%--
    2013$845 -2.7%--
    2012$868 --
    2011-- --
    2010$859 --
    Find assessor info on the county website

    Neighborhood: 55614

    Nearby schools

    GreatSchools rating
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