Here is an opportunity to own a beautiful two-bedroom, two-bathroom condo at Bluefin Bay on Lake Superior. The panoramic, south-facing views of Lake Superior are awe-inspiring and put you in the front row to all of the Big Lake’s many moods. A wood-burning fireplace and two Jacuzzi tubs provide coziness, even when the gales are blowing, and the waves are crashing. Unit 42 is an upper-level unit located near the tennis court at Bluefin Bay, offering convenient access to all the resort has to offer. As an owner, you have access to all of Bluefin Bay’s resort amenities and activities offered, including both the indoor and outdoor pools, on-site restaurants, and recreational equipment. This is a great investment opportunity in a rental property that is also your vacation home. The property is being sold fully furnished. Unit 42 has an excellent rental history and has seen significant increases in income during recent years. Grossing over $96,000 in rent in 2022, it’s on-track to exceed those levels in 2023.
Sold for $505,000
$505,000
7192 W Highway 61 W #42, Tofte, MN 55615
2beds
960sqft
Condominium
Built in 1988
-- sqft lot
$523,800 Zestimate®
$526/sqft
$1,749 Estimated rent
Home value
$523,800
$492,000 - $555,000
$1,749/mo
Zestimate® history
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Outdoor pools
Zillow last checked:
Listing updated:
Listed by:
Eric Frost 218-370-1362,
Coldwell Banker North Shore
Bought with:
Deb Niemisto, MN 40026209
Coldwell Banker Northwoods Realty
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6111521
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bathroom
- Features: Full Master
Heating
- Dual Fuel/Off Peak, Electric
Features
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 960 sqft
- Finished area above ground: 960
- Finished area below ground: 0
Property
Parking
- Parking features: None
Features
- On waterfront: Yes
- Waterfront features: Lake Superior, Waterfront Access(Shared)
- Body of water: Lake Superior
- Frontage length: 1300
Lot
- Size: 871 Square Feet
- Dimensions: 35' x 22'
Details
- Parcel number: 250620420
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Wood, Frame/Wood
Condition
- Previously Owned
- Year built: 1988
Utilities & green energy
- Electric: Arrowhead Electric
- Sewer: Public Sewer, Shared Septic
- Water: Public, Shared
Community & HOA
HOA
- Has HOA: Yes
- Services included: Controlled Access, Maintenance Structure, Landscaping, Management, Parking, Recreation Facilities, Shared Amenities, Snow Removal, Trash, Water, Insurance, Cable/Satellite, Maintenance Grounds, Telephone, Sewer
- HOA fee: $861 monthly
Location
- Region: Tofte
Financial & listing details
- Price per square foot: $526/sqft
- Tax assessed value: $465,200
- Annual tax amount: $2,756
- Date on market: 11/20/2023
- Cumulative days on market: 9 days
Price history
| Date | Event | Price |
|---|---|---|
| 12/22/2023 | Sold | $505,000+3.1%$526/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6111521 Report a problem | ||
| 11/30/2023 | Pending sale | $489,900$510/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6111521 Report a problem | ||
| 11/20/2023 | Listed for sale | $489,900$510/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6111521 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,918 +40.5% | $465,200 +1.6% |
| 2024 | $2,788 +1.2% | $457,700 +36.1% |
| 2023 | $2,756 -13.7% | $336,400 +12% |
| 2022 | $3,192 -44.4% | $300,400 +13.2% |
| 2021 | $5,742 +80.1% | $265,400 +1.3% |
| 2020 | $3,188 +20.5% | $262,100 +4.5% |
| 2018 | $2,646 +8.2% | $250,700 -0.6% |
| 2017 | $2,446 +9.4% | $252,200 -0.1% |
| 2016 | $2,236 +7.9% | $252,400 0% |
| 2015 | $2,072 -18% | $252,500 +1.3% |
| 2014 | $2,528 | $249,200 -19.6% |
| 2012 | -- | $310,100 -4% |
| 2010 | $2,222 | $323,100 |
Find assessor info on the county website
Neighborhood: 55615
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Nearby schools
GreatSchools rating
- 4/10Sawtooth Mountain Elementary SchoolGrades: PK-5Distance: 26.5 mi
- 4/10Cook County Middle SchoolGrades: 6-8Distance: 26.5 mi
- 7/10Cook County Senior High SchoolGrades: 9-12Distance: 26.5 mi
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- Minnesota
- Cook County
- Tofte
- 55615
- 7192 W Highway 61 W Unit 42
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