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.
For sale
Price cut: $125K (8/31)
$1,275,000
7331 Frazer Bay Rd, Cook, MN 55723
4beds
3,129sqft
Single Family Residence
Built in 2000
1 Acres Lot
$-- Zestimate®
$407/sqft
$-- HOA
What's special
Detached two-car heated garageSoaring timber frame constructionExpansive lake viewsWalls of windowsCustom wood finishesDramatic two-story great roomGranite countertops
- 55 days
- 1,336
- 41
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#: 6126860
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 1
- 3/4 bathrooms: 2
- 1/4 bathrooms: 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: $407/sqft
- Tax assessed value: $683,500
- Annual tax amount: $7,310
- Date on market: 7/21/2026
- Cumulative days on market: 56 days
- Road surface type: Unimproved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Price change | $1,275,000-8.9%$407/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6126860 Report a problem | ||
| 7/21/2026 | Listed for sale | $1,400,000-6.4%$447/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6126860 Report a problem | ||
| 10/31/2025 | Listing removed | $1,495,000$478/sqft |
Source: Range AOR #144036 Report a problem | ||
| 8/17/2022 | Listed for sale | $1,495,000+1920.3%$478/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6249828 Report a problem | ||
| 7/10/2001 | Sold | $74,000$24/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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.Climate risks
Neighborhood: 55723
Similar homes
- $1,850,0004 bd3 ba3.8k sqft2357 Retreat Lodge Rd, Cook, MN 55723For Sale
MLS ID #6124479, Julia Maki, B.I.C. Realty. Lake Superior Area Realtors as distributed by MLS GRID - $1,495,0004 bd3 ba2.6k sqft4475 Moccasin Point Rd, Tower, MN 55790For Sale
MLS ID #6126449, Lisa Janisch, Janisch Realty Inc.. Lake Superior Area Realtors as distributed by MLS GRID - $1,350,0003 bd3 ba1.9k sqft8442 Highway 24, Cook, MN 55723For Sale
MLS ID #6123381, Julia Maki, B.I.C. Realty. Lake Superior Area Realtors as distributed by MLS GRID - $719,5003 bd2 ba1.7k sqft3069 Black Bay Rd, Cook, MN 55723For Sale
MLS ID #6127899, Barb Hegg, Vermilion Land Office, Inc. Lake Superior Area Realtors as distributed by MLS GRID - $885,0004 bd3 ba2.9k sqft4281 End Of Trail Ln, Tower, MN 55790For Sale
MLS ID #7133451, Chessica L Olson, Anchor Realty. NorthstarMLS as distributed by MLS GRID - $875,0003 bd1 ba3.3k sqft4010 Kennedy Rd, Cook, MN 55723For SaleMLS ID #7129049, JULIA MAKI, BIC Realty. NorthstarMLS as distributed by MLS GRID
- $949,9005 bd3 ba2.2k sqft4431 Cedarock Rd, Tower, MN 55790For SaleMLS ID #7114724, Chessica L Olson, Anchor Realty. NorthstarMLS as distributed by MLS GRID
- $650,0004 bd2 ba1.7k sqft3071 Black Bay Rd, Cook, MN 55723For SaleMLS ID #7052755, Bryan Schwartz, LaBelle Real Estate Group Inc. NorthstarMLS as distributed by MLS GRID
- $695,0002 bd2 ba2.3k sqft1597 McKinley Park Acres Rd, Tower, MN 55790For SaleMLS ID #7083011, Betsy Clark, Northwoods Land Office, Inc. NorthstarMLS as distributed by MLS GRID
