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For sale
    • $1,400,000

    7331 Frazer Bay Rd, Cook, MN 55723

    4beds
    3,129sqft
    : 
    $9,018/mo
    Get pre-qualified
    Single Family Residence
    Built in 2000
    1 Acres Lot
    $-- Zestimate®
    $447/sqft
    $-- HOA

    What's special

    Detached two-car heated garageTimber frame homeSoaring timber frame constructionExpansive lake viewsWalls of windowsCustom wood finishesDramatic two-story great room
    Open house is going to be rescheduled Please call for an appointment anytime! Realtors please use Showingtime Nestled on the protected waters of beautiful Frazer Bay on renowned Lake Vermilion, this exceptional year-round timber frame home offers 175 feet of rare, level lakeshore with a gradual sandy swimming beach—perfect for all ages and effortless access to the water. Situated on approximately one acre, the property enjoys a peaceful, sheltered setting behind the islands while still providing expansive lake views and just a short drive to Cook. The gently sloping lot is one of Lake Vermilion's most desirable features, allowing you to walk from the home to the shoreline with ease. Spend your days swimming, fishing, boating, or relaxing along the water's edge while enjoying the privacy and natural beauty of this premier location. The home features over 3,100 square feet of thoughtfully designed living space with soaring timber frame construction, a dramatic two-story great room, walls of windows, granite countertops, custom wood finishes, and multiple lakeside decks that capture breathtaking views. The property also includes a detached two-car heated garage and a rare two-stall wet boathouse with guest quarters above, creating the ultimate family retreat or legacy property. Property Highlights 175 feet of level Lake Vermilion shoreline Gradual, sandy swimming beach Protected Frazer Bay location with excellent boating access Approximately 1-acre lot 4 bedrooms, 4 bathrooms 3,129 finished square feet Cedar-sided timber frame construction Heated detached garage Two-stall wet boathouse with guest accommodations Multiple lakeside decks, screen porch, and outdoor entertaining spaces Year-round home with in-floor heat and whole-house backup generator This is the kind of Lake Vermilion property that rarely becomes available—combining easy, level access to the lake, protected waters, exceptional shoreline, and timeless Northwoods craftsmanship into one remarkable waterfront estate.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Tracey Tellor 218-390-3851,

    Tellor Realty LLC

    Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6126860MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 1
      • 3/4 bathrooms: 2
      • 1/4 bathrooms: 1
      • Main level bedrooms: 1
      Rooms
      • Room types: Den/Office, Enclosed Porch, Spa/Sauna, Storage Room, Utility Room, Workshop, Media Room, Fitness Room, Foyer, Great Room, Entry
      Primary bedroom
      • Description: Walk in closet private Bath with shower overlooking the lake
      • Level: Upper
      Bedroom
      • Description: Bedroom 3- Wonderful size leading to private sitting area overlooking the yard could be used as a home office
      • Level: Main
      Bedroom
      • Description: Bedroom 2- Private bathroom with shower closet
      • Level: Upper
      Bedroom
      • Description: Bedroom 4- Lower level large bedroom - bathroom and sauna are on this level
      • Level: Lower
      Bathroom
      • Description: Large Full Bath Lower Level
      • Level: Lower
      Bathroom
      • Description: Powder room on the main level 1/4 bath (toilet & sink)
      • Level: Main
      Great room
      • Description: Rec Room lower level walk out large & spacious for watching the game, working out or play room
      • Level: Basement
      Kitchen
      • Description: Combined with dining room breakfast bar with great appliances next to the second story screen porch overlooking the lake
      • Level: Main
      Living room
      • Description: Vaulted Beemed Ceilings -Beautiful Views from the large windows overlooking the lake
      • Level: Main
      Living room
      • Description: Combined with dining room, kitchen great seating area for conversation or just relax
      • Level: Main
      Sauna
      • Description: Large Sauna next to the back door to run out and jump in Lake Vermilion!
      • Level: Lower
      Utility room
      • Level: Basement
      Heating
      • Boiler, In Floor Heat, Propane, Electric
      Cooling
      • None
      Appliances
      • Included: Water Heater-Electric, Dishwasher, Dryer, Range, Refrigerator, Washer
      • Laundry: Dryer Hook-Ups, Washer Hookup
      Features
      • Ceiling Fan(s), Eat In Kitchen, Kitchen Island, Natural Woodwork, Sauna, Vaulted Ceilings, Walk-In Closet(s), Beamed Ceilings, Foyer-Entrance
      • Flooring: Hardwood Floors, Tiled Floors
      • Doors: Patio Door
      • Windows: Vinyl Windows
      • Basement: Full,Egress Windows,Partially Finished,Walkout,Bath,Bedrooms,Family/Rec Room,Utility Room,Washer Hook-Ups,Dryer Hook-Ups
      • Has fireplace: No
      Interior area
      • Total interior livable area: 3,129 sqft
      • Finished area above ground: 2,013
      • Finished area below ground: 1,116
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Off Street, Gravel, Detached, Electrical Service, Slab
      • Garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Patio & porch: Deck
      • Exterior features: Balcony, Dock, Hot Tub
      • Has view: Yes
      • View description: Inland Lake, Panoramic
      • Has water view: Yes
      • Water view: Lake
      • Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Hard, Shore-Accessible, Elevation-Low)
      • Body of water: Vermilion
      • Frontage length: 175
      Lot
      • Size: 1 Acres
      • Features: Accessible Shoreline, Tree Coverage - Medium, Level
      Details
      • Additional structures: Boat House
      • Foundation area: 1260
      • Parcel number: 387043054510
      • Other equipment: Generator

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Materials
      • Wood, Frame/Wood, Timber/Post & Beam
      • Foundation: Wood
      • Roof: Asphalt Shingle
      Condition
      • Previously Owned
      • Year built: 2000

      Utilities & green energy

      • Electric: Lake Country Power
      • Sewer: Private Sewer
      • Water: Private

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Cook

      Financial & listing details

      • Price per square foot: $447/sqft
      • Tax assessed value: $683,500
      • Annual tax amount: $7,310
      • Date on market: 7/21/2026
      • Cumulative days on market: 11 days
      • Road surface type: Unimproved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/21/2026Listed for sale$1,400,000-6.4%$447/sqft
        Source: Lake Superior Area Realtors as distributed by MLS GRID #6126860 Report a problem
        10/31/2025Listing removed$1,495,000$478/sqft
        Source: Range AOR #144036 Report a problem
        8/17/2022Listed for sale$1,495,000+1920.3%$478/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6249828 Report a problem
        7/10/2001Sold$74,000$24/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$5,796 +16.2%$683,500
        2023$4,986 +8.5%$683,500 +19.6%
        2022$4,596 +6.2%$571,400 +18.5%
        2021$4,328 $482,100 +7.6%
        2020$4,328 $448,200
        2019$4,328 +7%$448,200 +6.1%
        2018$4,044 -4.4%$422,500
        2017$4,230 +4.6%$422,500
        2016$4,044 +2.9%$422,500 +7.9%
        2015$3,930 -2.2%$391,700 -2.5%
        2014$4,018 -1.6%$401,800 -1.1%
        2013$4,082 +5%$406,100 +2.1%
        2012$3,887 -3.8%$397,700 -13.8%
        2011$4,040 +3.2%$461,500
        2010$3,915 $461,500
        2009$3,915 +63.7%$461,500 +39.5%
        2008$2,392 +27.9%$330,900 +26.8%
        2007$1,870 +12.4%$261,000 +19.1%
        2006$1,664 +52.1%$219,100 +45.6%
        2004$1,093 +25.6%$150,500 +24%
        2003$871 +22.6%$121,400 +11.8%
        2002$710 -11.1%$108,600 +10.4%
        2001$798 +18.1%$98,400 +10.3%
        2000$676 $89,200
        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.
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        Climate risks

        Neighborhood: 55723

        Getting around

        0 / 100
        Car-Dependent
        12 / 100
        Somewhat Bikeable

        Nearby schools

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