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8313 Eric Shaffer Way, Duluth, MN, 55807

4beds
4baths
2,723sqft
$798,500
$293price/sqft
$5,093/moest. monthly cost
$203,720/yrincome needed

About This Home

A New Direction of Living! An Extremely Exciting opportunity to LIVE, PLAY & MAKE MONEY all with this Rare chance to own at Duluth's RiverWest! Yes, this is a SHORT TERM RENTAL community of homes! Designed for the active to live or lease in the epicenter of outdoor activity! Downhill Ski or Nordic Ski across the road from the base of Spirit Mountain! Kayak, Canoe, Paddleboard or Motor Boat out on the St. Louis River and then out to Lake Superior. Block off time for yourself and/or reside in Duluth part time OR full time! A custom designed 4 bedroom, 4 bath brand new construction sparkles! Professionally decorated with low maintenance for owners - you choose the package you'd like with the designer! Luxury flooring, expansive mudroom entry off the attached garage for equipment, a main level great room with oversized kitchen center island, gas fireplace, gathering area and a deck to take in your panoramic views! The interior decor is comfortable, modern & fun! Up to 10 people can all Enjoy 2 en suites, a Primary with 3/4 bath & walk-in closet, a grilling patio and an option to add/upgrade a sauna! Bike out the door to the Willard Munger Trail. The outcome can be INCOME! Outdoor Magazine called Duluth, "the Best Town to Live" and it will resonate after you relax here after a long, active day! check out the news story! https://www.wdio.com/front-page/top-stories/former-city-of-duluth-engineer-honored/ (copy and paste in browser)

Getting Around

4
WalkingCar-Dependent
24
TransitMinimal Transit
38
BikeSomewhat Bikeable

Schools

4/10
Stowe Elementary SchoolGrades PK-53.6 mi
3/10
5/10

Construction

Condition

  • Property condition: To Be Built
  • New construction: Yes
  • Year built: 2024

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Composition,Other - See Remarks

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Second Floor Laundry,Dryer Hook-Ups,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: N/A

Bedroom

  • Level: Upper
  • Area: 144
  • Dimensions: 12 x 12

Bedroom

  • Level: Lower
  • Area: 165
  • Dimensions: 15 x 11

Bedroom

  • Level: Upper
  • Area: 144
  • Dimensions: 12 x 12

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • 3/4 bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bedrooms: 1

Entry Hall

  • Level: Lower
  • Area: 126
  • Dimensions: 7 x 18

Features

  • Ceiling Fan(s),Eat In Kitchen,Kitchen Island,Walk-In Closet(s),Foyer-Entrance
  • Door features: Patio Door
  • Flooring: Tiled Floors
  • Number of fireplaces: 1
  • Fireplace features: Gas
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,723

Great Room

  • Level: Main
  • Area: 342
  • Dimensions: 18 x 19

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 2,723 sqft

Kitchen

  • Level: Main
  • Area: 190
  • Dimensions: 10 x 19

Laundry

  • Level: Main
  • Area: 32
  • Dimensions: 4 x 8

Master Bedroom

  • Level: Upper
  • Area: 468
  • Dimensions: 18 x 26

Office

  • Level: Lower
  • Area: 81
  • Dimensions: 9 x 9

Pantry

  • Level: Main
  • Area: 36
  • Dimensions: 6 x 6

Property

Details

  • Parcel number: 010397600040
  • Other equipment: Air to Air Exchange
  • Foundation area: 1040

Features

  • Patio & porch: Deck
  • Exterior features: Balcony,Inground Spinkler System
  • Has view: Yes
  • View description: Lake Superior,River
  • Has water view: Yes
  • Water view: Lake Superior,River

Lot

  • Lot size: 3,049 sqft
  • Features: Accessible Shoreline,See Remarks
  • Lot size dimensions: common 36 x 91

Parking

  • Total spaces: 2
  • Parking features: Concrete,Attached,Slab,Utility Room
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Lightning
    LightningModerate

How This Home’s Risks Compare

Lightning

FEMA Declared Disasters in St. Louis County and Minnesota

Fire
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 $4,037$48,444
Home Insurance *$149$1,788
Property Taxes $678$8,136
Electricity $229$2,755
Total$5,093$61,116
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$174,617/yr
40% on housing$152,790/yr
45% on housing$135,813/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: 6.6%
6.6%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 2.8%
2.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$293This listing

vs Other Active Listings

Avg $/sqft

ZIP 55807$94
St. Louis County$177

vs Homes Sold Last Month

Median $/sqft

ZIP 55807
St. Louis County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2023-12-20Listed for sale$798,500

New Construction

AgentDeanna Bennett
BrokerageMessina & Associates Real Estate

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