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1526 Flag Is, Angle Inlet, MN, 56711

4beds
2baths
3,500sqft
$995,000
$284price/sqft
$6,775/moest. monthly cost
$271,000/yrincome needed

About This Home

Discover the ultimate in lakeside living with this remarkable estate on Flag Island, boasting an incredible 450 feet of pristine frontage on Lake of the Woods. Spanning 3,500 square feet, this beautifully designed home offers 4 spacious bedrooms, 2 full bathrooms, and two inviting fireplaces that create a warm and welcoming atmosphere. Entertain with ease at the custom wet bar, and enjoy the rustic elegance of rich tongue-and-groove finishes throughout. Large windows capture breathtaking 360-degree views, seamlessly blending indoor comfort with the beauty of the surrounding landscape. Step outside to an expansive 2,600 square feet of deck space—perfect for relaxing, hosting, or simply soaking in the serenity. A private dock and detached garage complete this exceptional property. Meticulously crafted and truly one-of-a-kind, this island retreat is a rare opportunity for discerning buyers seeking luxury, privacy, and natural beauty in perfect harmony.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

5/10
Warroad High SchoolGrades 6-1234.4 mi

Construction

Condition

  • Year built: 2007

Materials

  • Roof: Asphalt

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Air-To-Air Exchanger,Dishwasher,Dryer,Electric Water Heater,Freezer,Microwave,Range,Refrigerator,Trash Compactor,Washer,Water Softener Owned

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Concrete

Bedroom

  • Level: Upper
  • Area: 187
  • Dimensions: 17x11

Bedroom2

  • Level: Upper
  • Area: 165
  • Dimensions: 15x11

Bedroom3

  • Level: Main
  • Area: 136
  • Dimensions: 8x17

Bedroom4

  • Level: Main
  • Area: 121
  • Dimensions: 11x11

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 1
  • 3/4 bathrooms: 1

Dining Room

  • Level: Upper
  • Area: 196
  • Dimensions: 14x14

Family Room

  • Level: Main
  • Area: 875
  • Dimensions: 35x25

Features

  • Number of fireplaces: 2
  • Fireplace features: Amusement Room,Gas,Living Room
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 3,500

Heating & Cooling

  • Heating features: Dual Fuel/Off Peak,Forced Air,Fireplace(s)
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,500
  • Total interior livable area: 3,500 sqft

Kitchen

  • Level: Upper
  • Area: 308
  • Dimensions: 22x14

Living Room

  • Level: Upper
  • Area: 312
  • Dimensions: 24x13

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 060331012
  • Lease amount: 0
  • Zoning description: Residential-Single Family
  • Foundation area: 1750

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Fencing: None
  • Has view: Yes
  • View description: Lake,Panoramic,South
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Lake Front,Lake View,Waterfront Elevation(4-10),Lake Bottom(Gravel)
  • Frontage length: Water Frontage: 450

Lot

  • Lot size: 5.07 Acres
  • Features: Accessible Shoreline,Tree Coverage - Light
  • Lot size dimensions: 450 x 520

Parking

  • Total spaces: 1
  • Parking features: Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Drought
    DroughtModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Inland Flooding
Winter Weather
Cold Wave
Drought
Wildfire

FEMA Declared Disasters in Lake of the Woods 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 $5,031$60,372
Home Insurance *$812$9,744
Property Taxes $637$7,644
Electricity $295$3,542
Total$6,775$81,300
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$232,285/yr
40% on housing$203,250/yr
45% on housing$180,666/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: 18.1%
18.1%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: -9.4%
-9.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$284This listing

vs Other Active Listings

Avg $/sqft

ZIP 56711$170
Lake of the Woods County$107

vs Homes Sold Last Month

Median $/sqft

ZIP 56711
Lake of the Woods County$170

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)

No zestimate history available

Price History

DateEventPrice
2026-07-09Price change$995,000
2026-06-09Price change$1,025,000
2024-07-24Price change$1,100,000
2023-08-08Price change$1,175,000
2022-05-24Listed for sale$1,200,000
2022-05-11Listing removed--
2021-05-24Listed for sale$799,000

For Sale by Agent

AgentGregg Hennum
BrokerageReed Realty

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