BOOKINGS ARE AT OVER 70% - Immediate income generating rental portfolio! Luxury Boutique Resort | Proven Short-Term Rental Portfolio | Build-Ready Lots | Commercial Expansion | Condo-Platted Flexibility
A rare opportunity to acquire a proven luxury short-term rental and legacy lakefront estate positioned near the North Shore and Lutsen on the pristine shores of Ninemile Lake near Finland. Following exceptional 2025 and 2026 winter seasons driven by snowmobile tourism and year-round destination demand, the property has experienced outstanding occupancy performance, with the existing rental cabins already over 70% booked for the remainder of 2026 — validating the strong demand for luxury lodging inventory in this highly sought-after recreation market.
Surrounded by the breathtaking beauty of the Superior National Forest, this extraordinary waterfront development combines luxury craftsmanship, income generation, development flexibility, and unmatched outdoor recreation in one irreplaceable offering.
Due to active guest reservations and ongoing income-producing occupancy, showings for rental cabins are by appointment only and subject to guest schedules.
Designed for both privacy and gathering, the property is ideal for boutique hospitality operations, co-ownership opportunities, corporate retreats, multi-family use, or continued luxury vacation rental operations. Each of the three existing structures features its own unique architectural style, layout, and design aesthetic while still flowing cohesively together as a thoughtfully curated luxury compound.
Constructed between 2015–2022, the homes showcase exceptional craftsmanship, timeless design, and luxury-grade materials selected to complement the surrounding wilderness setting. Two residences currently operate as successful short-term rentals with strong year-round demand driven by boating, fishing, hiking, skiing, snowmobiling, ATV recreation, and North Shore tourism.
In addition to the established income-producing cabins, the owner’s current private residence presents substantial upside as a future third luxury rental accommodation. Unlike many expansion opportunities requiring years of approvals and infrastructure investment, this structure is already completed, fully functional, and positioned for relatively seamless integration into the existing rental operation if desired.
Adding significant long-term value, the property benefits from grandfathered short-term rental positioning — an increasingly rare asset in many North Shore-area markets where vacation rental restrictions continue tightening.
Future expansion opportunities are exceptionally rare and include six additional build-ready condo-platted lots with shared septic and well infrastructure already installed, dramatically reducing future development costs and timelines. Buyers may continue expanding the existing vision, bring their own builder, or partner with the original developer.
The offering also includes an oversized commercial-zoned parcel approved for future hospitality-oriented development including a restaurant/bar, boutique motel, clubhouse, event venue, fitness center, or expanded lodging accommodations. Existing architectural plans are available.
With over 1,800 feet of shared shoreline, breathtaking sunset lake views, year-round recreation, nearby restaurants and trails, and exceptional wildlife viewing including moose sightings, this property delivers an experience that simply cannot be recreated.
Whether envisioned as a luxury boutique resort, hospitality investment, private family compound, phased development project, or multi-generational legacy estate, this is an increasingly rare opportunity to control premium Northwoods shoreline with immediate income generation and extraordinary long-term upside potential.
They are not making more shoreline. Opportunities like this are exceptionally rare.
Active
$564,900
6785 Village Dr, Finland, MN 55603
2beds
1,607sqft
Single Family
Built in 2022
7,840 Square Feet Lot
$-- Zestimate®
$352/sqft
$120/mo HOA
What's special
Extraordinary waterfront developmentLegacy lakefront estateTimeless designLuxury-grade materialsLuxury craftsmanshipBreathtaking sunset lake viewsWilderness setting
- 112 days
- 533
- 13
Zillow last checked:
Listing updated:
Listed by:
Megan Steinmetz 763-381-9951,
Keller Williams Classic Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7074853
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- 3/4 bathrooms: 2
Bedroom
- Level: Upper
- Area: 154 Square Feet
- Dimensions: 14x11
Bedroom 2
- Level: Upper
- Area: 154 Square Feet
- Dimensions: 14x11
Bonus room
- Level: Main
- Area: 368 Square Feet
- Dimensions: 23x16
Dining room
- Level: Main
- Area: 35 Square Feet
- Dimensions: 7x5
Flex room
- Level: Main
- Area: 75 Square Feet
- Dimensions: 15x5
Kitchen
- Level: Main
- Area: 207 Square Feet
- Dimensions: 23x9
Living room
- Level: Upper
- Area: 460 Square Feet
- Dimensions: 23x20
Loft
- Level: Upper
- Area: 108 Square Feet
- Dimensions: 9x12
Patio
- Level: Main
Porch
- Level: Upper
Storage
- Level: Main
- Area: 32 Square Feet
- Dimensions: 8x4
Heating
- Ductless Mini-Split, Fireplace(s), In-Floor Heating, Zoned
Cooling
- Ductless Mini-Split
Appliances
- Included: Air-To-Air Exchanger, Dishwasher, Dryer, Electric Water Heater, ENERGY STAR Qualified Appliances, Microwave, Other, Range, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater, Washer, Wine Cooler
- Laundry: Gas Dryer Hookup, Main Level, Other, In Unit, Washer Hookup
Features
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Free Standing, Gas, Living Room
Interior area
- Total structure area: 1,607
- Total interior livable area: 1,607 sqft
- Finished area above ground: 1,607
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Attached, Gravel, Electric, Garage, Garage Door Opener, Heated Garage, Insulated Garage, Other, Storage
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No Stairs External
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Front Porch, Other, Patio, Porch
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: Lake, Panoramic, West
- Has water view: Yes
- Water view: Lake
- Waterfront features: Association Access, Dock, Lake Front, Lake View, Shared, Waterfront Elevation(0-4), Lake Bottom(Sand, Excellent Sand)
- Frontage length: Water Frontage: 180
Lot
- Size: 7,840 Square Feet
- Features: Accessible Shoreline, Irregular Lot, Tree Coverage - Heavy
Details
- Additional structures: Other
- Foundation area: 714
- Parcel number: 24571104010
- Zoning description: Other,Shoreline,Residential-Single Family
- Other equipment: Fuel Tank - Rented
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Concrete, Frame
- Roof: Age 8 Years or Less,Architectural Shingle,Pitched
Condition
- New construction: No
- Year built: 2022
Utilities & green energy
- Electric: Circuit Breakers, 200+ Amp Service
- Gas: Electric, Propane
- Sewer: Other, Septic System Compliant - Yes, Shared Septic
- Water: Drilled, Shared System, Well
- Utilities for property: Underground Utilities
Community & HOA
HOA
- Has HOA: Yes
- Amenities included: Beach Access, Boat Slip, Boat Dock, Other
- Services included: Beach Access, Dock, Lawn Care, Other, Maintenance Grounds, Parking, Recreation Facility, Sanitation, Shared Amenities, Snow Removal, Water
- HOA fee: $120 monthly
- HOA name: Unorganized Territory
- HOA phone: 763-381-9951
Location
- Region: Finland
Financial & listing details
- Price per square foot: $352/sqft
- Tax assessed value: $41,600
- Annual tax amount: $2,302
- Date on market: 5/15/2026
- Cumulative days on market: 407 days
Estimated market value
Not available
Estimated sales range
Not available
$2,350/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Listed for sale | $564,900+2.8%$352/sqft |
Source: | ||
| 5/15/2026 | Listing removed | $549,500$342/sqft |
Source: | ||
| 6/13/2025 | Listed for sale | $549,500-4.4%$342/sqft |
Source: | ||
| 8/19/2021 | Listing removed | -- |
Source: Lake Superior Area Realtors as distributed by MLS GRID Report a problem | ||
| 3/19/2021 | Listed for sale | $575,000$358/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6095407 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2022 | $337 -1.4% | $41,600 |
| 2021 | $342 +2.8% | $41,600 |
| 2020 | $333 +66.6% | $41,600 +56.4% |
| 2018 | $200 +3% | $26,600 +17.2% |
| 2017 | $194 -1.2% | $22,700 |
| 2016 | $196 +0.5% | $22,700 |
| 2015 | $195 | $22,700 |
| 2014 | $195 +30.8% | -- |
| 2013 | $149 +5.5% | -- |
| 2012 | $142 | -- |
| 2011 | -- | -- |
| 2010 | $92 | -- |
Find assessor info on the county website
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