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14560 Gazebo Dr, Park Rapids, MN, 56470

1beds
1baths
247sqft
$969,000
$3,923price/sqft
$6,189/moest. monthly cost
$247,560/yrincome needed

About This Home

A rare opportunity on beautiful Potato Lake! This one-of-a-kind property offers nearly 5 acres and 300 feet of level lakeshore, creating the perfect setting for year-round living, a family retreat, or future development. The 40' x 80' shed/living quarters features living quarters with an open living area, bedroom, full bath, kitchenette, laundry hook ups, fiber optic internet, tankless water heaters, and room to expand. The remaining shop space includes a newer insulated concrete floor with infloor radiant, large overhead doors, and abundant storage or workshop space. A second oversized carriage house is tall enough to accommodate an RV and offers incredible flexibility. With four overhead doors, radiant floor heat tubing installed, and ceiling height suitable for a future second-story living area, it's ideal for additional storage, garage space, or conversion into guest quarters. Outdoor amenities are equally impressive with three full RV hookups (water, sewer, 50-amp electric, and propane), an existing tennis court, campground electrical pedestals from the property's former resort days, and infrastructure in place for future recreational or investment opportunities. The septic system was designed to accommodate the existing buildings, RV sites, and a planned future lakeside cabin. Whether you're looking for a private lake retreat, a place to store all your recreational toys, a family compound, or a property with exceptional future potential, this unique offering delivers. Enjoy level access to the lake, expansive grounds, outstanding flexibility, and endless possibilities on one of the area's most desirable lakes. Nearly 5 acres • 300' of level lakeshore • Tennis court • Shouse • Oversized RV-height carriage house • Three full RV hookups • Fiber optic internet • Endless potential

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
13
BikeSomewhat Bikeable

Construction

Condition

  • Year built: 1950

Materials

  • Roof: Metal

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dryer,Range,Washer
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Basement

  • Basement: None

Bathroom

  • Level: Main
  • Area: 35
  • Dimensions: 5x7

Bedroom

  • Level: Main
  • Area: 104.13
  • Dimensions: 11.7x8.9

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • 3/4 bathrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 247

Heating & Cooling

  • Heating features: None
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 3,200
  • Total interior livable area: 247 sqft

Kitchen

  • Level: Main
  • Dimensions: 15..9x9

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 022600622
  • Zoning description: Residential-Single Family
  • Foundation area: 3200

Features

  • Levels: One
  • Stories: 1
  • Has view: Yes
  • View description: East
  • On waterfront: Yes
  • Waterfront features: Lake Front,Waterfront Elevation(0-4),Lake Bottom(Sand)
  • Frontage length: Water Frontage: 300

Lot

  • Lot size: 4.89 Acres
  • Features: Tree Coverage - Medium
  • Lot size dimensions: 746 x 445 x 817 x 320

Parking

  • Total spaces: 16
  • Parking features: Attached,RV Access/Parking,Shared Garage/Stall,Storage
  • Has garage: Yes
  • Attached garage spaces: 16
  • Covered spaces: 16

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Inland Flooding
Strong Wind
Winter Weather
Cold Wave
Landslide
Lightning
Tornado
Wildfire

FEMA Declared Disasters in Hubbard County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,899$58,788
Home Insurance *$662$7,944
Property Taxes $458$5,496
Electricity $170$2,050
Total$6,189$74,268
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$212,194/yr
40% on housing$185,670/yr
45% on housing$165,040/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.1%
11.1%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 3.0%
3.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$3,923This listing

vs Other Active Listings

Avg $/sqft

ZIP 56470$227
Hubbard County$207

vs Homes Sold Last Month

Median $/sqft

ZIP 56470
Hubbard County$144

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-16Listed for sale$969,000

For Sale by Agent

AgentDoug Holm
BrokerageRealty Executives Alex Home Sales

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