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6785 Village Dr, Finland, MN, 55603

2beds
2baths
1,607sqft
$564,900
$352price/sqft
$3,546/moest. monthly cost
$141,840/yrincome needed

About This Home

Luxury Boutique Resort | Proven Short-Term Rental Portfolio | Build-Ready Lots | Commercial Expansion | Condo-Platted Flexibility GRANDFATHERED FOR SHORT-TERM RENTAL USE — AN EXTREMELY RARE NORTH SHORE OPPORTUNITY. A rare opportunity to acquire a proven luxury short-term rental and legacy lakefront estate positioned near the North Shore and Lutsen on the pristine shores of Ninemile Lake near Finland. Following exceptional 2025 and 2026 winter seasons driven by snowmobile tourism and year-round destination demand, the property has experienced outstanding occupancy performance, with the existing rental cabins already over 70% booked for the remainder of 2026 — validating the strong demand for luxury lodging inventory in this highly sought-after recreation market. Surrounded by the breathtaking beauty of the Superior National Forest, this extraordinary waterfront development combines luxury craftsmanship, income generation, development flexibility, and unmatched outdoor recreation in one irreplaceable offering. Due to active guest reservations and ongoing income-producing occupancy, showings for rental cabins are by appointment only and subject to guest schedules. Designed for both privacy and gathering, the property is ideal for boutique hospitality operations, co-ownership opportunities, corporate retreats, multi-family use, or continued luxury vacation rental operations. Each of the three existing structures features its own unique architectural style, layout, and design aesthetic while still flowing cohesively together as a thoughtfully curated luxury compound. Constructed between 2015–2022, the homes showcase exceptional craftsmanship, timeless design, and luxury-grade materials selected to complement the surrounding wilderness setting. Two residences currently operate as successful short-term rentals with strong year-round demand driven by boating, fishing, hiking, skiing, snowmobiling, ATV recreation, and North Shore tourism. In addition to the established income-producing cabins, the owner’s current private residence presents substantial upside as a future third luxury rental accommodation. Unlike many expansion opportunities requiring years of approvals and infrastructure investment, this structure is already completed, fully functional, and positioned for relatively seamless integration into the existing rental operation if desired. Adding significant long-term value, the property benefits from grandfathered short-term rental positioning — an increasingly rare asset in many North Shore-area markets where vacation rental restrictions continue tightening. Future expansion opportunities are exceptionally rare and include six additional build-ready condo-platted lots with shared septic and well infrastructure already installed, dramatically reducing future development costs and timelines. Buyers may continue expanding the existing vision, bring their own builder, or partner with the original developer. The offering also includes an oversized commercial-zoned parcel approved for future hospitality-oriented development including a restaurant/bar, boutique motel, clubhouse, event venue, fitness center, or expanded lodging accommodations. Existing architectural plans are available. With over 1,800 feet of shared shoreline, breathtaking sunset lake views, year-round recreation, nearby restaurants and trails, and exceptional wildlife viewing including moose sightings, this property delivers an experience that simply cannot be recreated. Whether envisioned as a luxury boutique resort, hospitality investment, private family compound, phased development project, or multi-generational legacy estate, this is an increasingly rare opportunity to control premium Northwoods shoreline with immediate income generation and extraordinary long-term upside potential. They are not making more shoreline. Opportunities like this are exceptionally rare.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
16
BikeSomewhat Bikeable

Schools

7/10
5/10
Kelley SecondaryGrades 7-1221.5 mi

Construction

Condition

  • Year built: 2022

Materials

  • Roof: Age 8 Years or Less,Architectural Shingle,Pitched
  • Construction materials: Concrete,Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Air-To-Air Exchanger,Dishwasher,Dryer,Electric Water Heater,ENERGY STAR Qualified Appliances,Microwave,Other,Range,Refrigerator,Stainless Steel Appliance(s),Tankless Water Heater,Washer,Wine Cooler
  • Laundry features: Gas Dryer Hookup,Main Level,Other,In Unit,Washer Hookup

Basement

  • Basement: None

Bedroom

  • Level: Upper
  • Area: 154
  • Dimensions: 14x11

Bedroom2

  • Level: Upper
  • Area: 154
  • Dimensions: 14x11

Bedrooms & Bathrooms

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

Bonus Room

  • Level: Main
  • Area: 368
  • Dimensions: 23x16

Dining Room

  • Level: Main
  • Area: 35
  • Dimensions: 7x5

Features

  • Number of fireplaces: 1
  • Fireplace features: Free Standing,Gas,Living Room
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,607

Flex Room

  • Level: Main
  • Area: 75
  • Dimensions: 15x5

Heating & Cooling

  • Heating features: Ductless Mini-Split,Fireplace(s),In-Floor Heating,Zoned
  • Cooling features: Ductless Mini-Split

Interior Area

  • Total structure area: 1,607
  • Total interior livable area: 1,607 sqft

Kitchen

  • Level: Main
  • Area: 207
  • Dimensions: 23x9

Living Room

  • Level: Upper
  • Area: 460
  • Dimensions: 23x20

Loft

  • Level: Upper
  • Area: 108
  • Dimensions: 9x12

Patio

  • Level: Main

Porch

  • Level: Upper

Storage

  • Level: Main
  • Area: 32
  • Dimensions: 8x4

Property

Accessibility

  • Accessibility features: No Stairs External

Details

  • Parcel number: 24571104010
  • Zoning description: Other,Shoreline,Residential-Single Family
  • Other equipment: Fuel Tank - Rented
  • Foundation area: 714

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Covered,Deck,Front Porch,Other,Patio,Porch
  • Fencing: None
  • Has view: Yes
  • View description: Lake,Panoramic,West
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Association Access,Dock,Lake Front,Lake View,Shared,Waterfront Elevation(0-4),Lake Bottom(Sand,Excellent Sand)
  • Frontage length: Water Frontage: 180

Lot

  • Lot size: 7,840 sqft
  • Features: Accessible Shoreline,Irregular Lot,Tree Coverage - Heavy
  • Lot size dimensions: getting

Parking

  • Total spaces: 1
  • Parking features: Attached,Gravel,Electric,Garage,Garage Door Opener,Heated Garage,Insulated Garage,Other,Storage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

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

  • Cold Wave
    Cold WaveVery High
  • Lightning
    LightningVery High
  • Strong Wind
    Strong WindVery High
  • Winter Weather
    Winter WeatherVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Wildfire
    WildfireModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Lightning
Strong Wind
Winter Weather
Inland Flooding
Wildfire
Tsunami

FEMA Declared Disasters in Lake 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 $2,856$34,272
Home Insurance *$151$1,812
Property Taxes $369$4,428
Electricity $170$2,050
Total$3,546$42,552
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$121,577/yr
40% on housing$106,380/yr
45% on housing$94,560/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: 16.9%
16.9%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 2.3%
2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$352This listing

vs Other Active Listings

Avg $/sqft

ZIP 55603$78
Lake County$135

vs Homes Sold Last Month

Median $/sqft

ZIP 55603
Lake County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-06-13Listed for sale$549,500
2021-08-19Listing removed--
2021-03-19Listed for sale$575,000

For Sale by Agent

AgentMegan Steinmetz
BrokerageKeller Williams Classic Realty

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