Rare opportunity to own one of the most unique lakefront estates in the area! Set on an incredible 38.6 wooded acres with over 2,000 feet of shoreline on beautiful Cranberry Lake, this one-of-a-kind property offers unmatched privacy, breathtaking views, and a peaceful natural setting just minutes from town.
The custom-built fieldstone home offers over 3,000 finished square feet filled with character and timeless charm, featuring 4 bedrooms, 3 bathrooms, rich wood flooring, and an impressive stone fireplace that anchors the main living area. Large windows capture tranquil lake views and bring the outdoors in, while the mature wooded surroundings create a truly private retreat atmosphere. The upper level is thoughtfully set up with its own kitchen and separate entrance, offering excellent potential for a mother-in-law apartment, guest suite, or flexible multi-generational living arrangement.
This property presents an outstanding opportunity for buyers looking to update and personalize a truly exceptional lakefront estate. Many of the home's finishes, fixtures, and mechanical systems are original to the home. While they are currently functional, buyers should expect to make updates and improvements to suit their preferences over time. The septic system has been determined to be non-compliant and will require replacement by the next owner. A septic design has already been completed and is available for review.
Whether you're looking for a private year-round residence, legacy property, or future investment opportunity, this extraordinary property offers endless possibilities. Enjoy abundant wildlife, fishing, kayaking, and the rare combination of significant acreage with extensive lake frontage in an incredibly convenient location. Directly across the street, the 20-acre North Shore Trail Nature Area and the Forest Lake Boat Launch provide even more opportunities to enjoy the outdoors with trails, nature access, and convenient lake access nearby. A truly special property that rarely becomes available.
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Zillow last checked:
Listing updated:
Listed by:
Mark Nelson651-983-7598,
Timber Ghost Realty, LLC,
Beret Nelson612-805-5787
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7068586
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1
Bedroom
Level: Main
Area: 176.49 Square Feet
Dimensions: 11.10 x 15.9
Bedroom 2
Level: Main
Area: 210.14 Square Feet
Dimensions: 13.3 x 15.8
Bedroom 3
Level: Main
Area: 213.2 Square Feet
Dimensions: 14.11 x 15.11
Bedroom 4
Level: Upper
Area: 297.36 Square Feet
Dimensions: 12.6 x 23.6
Bathroom
Level: Main
Dining room
Level: Main
Family room
Level: Upper
Area: 225.94 Square Feet
Dimensions: 14.3 x 15.8
Kitchen
Level: Main
Area: 222.88 Square Feet
Dimensions: 11.2 x 19.9
Kitchen
Level: Upper
Area: 252.32 Square Feet
Dimensions: 15.2x16.6
Laundry
Level: Main
Area: 59.92 Square Feet
Dimensions: 10.7 x 5.6
Living room
Level: Main
Area: 678.6 Square Feet
Dimensions: 26.1 x26
Heating
Boiler
Cooling
Central Air
Appliances
Laundry: Main Level
Features
Basement: Block
Number of fireplaces: 1
Fireplace features: Wood Burning
Interior area
Total structure area: 3,449
Total interior livable area: 3,215 sqft
Finished area above ground: 3,215
Finished area below ground: 0
Property
Parking
Parking features: Gravel
Accessibility
Accessibility features: Accessible Approach with Ramp
Features
Levels: Two
Stories: 2
Has view: Yes
View description: Lake
Has water view: Yes
Water view: Lake
Waterfront features: Lake Front, Waterfront Elevation(0-4)
Frontage length: Water Frontage: 2000
Lot
Size: 38.67 Acres
Dimensions: 1294 x 1301 x 1234 x 1315
Details
Foundation area: 1456
Parcel number: 1203221320001
Zoning description: Residential-Single Family
Construction
Type & style
Home type: SingleFamily
Property subtype: Single Family
Materials
Roof: Asphalt
Condition
New construction: No
Year built: 1987
Utilities & green energy
Gas: Propane
Sewer: Septic System Compliant - No
Water: Well
Community & HOA
HOA
Has HOA: No
Location
Region: Forest Lake
Financial & listing details
Price per square foot: $155/sqft
Tax assessed value: $571,400
Annual tax amount: $4,542
Date on market: 5/11/2026
Estimated market value
Zestimate®
$493,700
Estimated sales range
$469,000 - $518,000
Rent Zestimate®
$3,570/mo
Price history
Date
Event
Price
7/10/2026
Price change
$499,900-9.1%$155/sqft
Source: NorthstarMLS as distributed by MLS GRID #7068586Report a problem
6/2/2026
Price change
$549,900-8.3%$171/sqft
Source: NorthstarMLS as distributed by MLS GRID #7068586Report a problem
5/11/2026
Listed for sale
$599,900$187/sqft
Source: NorthstarMLS as distributed by MLS GRID #7068586Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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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