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40099 Arrowhead Rd, Wahkon, MN, 56386

2beds
1baths
784sqft
$180,000
$230price/sqft
$1,361/moest. monthly cost
$54,440/yrincome needed

About This Home

2BR. 1BA mobile home located within Mille Lacs Island Resort in the Co-op. You own the land. You pay dues annually which includes your water, sewer, garbage, swimming pool access, beach access and your own boat slip in the Co-op Marina. Home has beautiful view of Mille Lacs Lake. A maintenance free deck and yard with its own fire pit where you can also see the lake and listen to the loons! With a full price offer, Owner will include a 18.5 foot Lund Tyee boat with 115hp. Johnson motor. Hard to find a better deal on Mille Lacs Lake.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

6/10
Isle Elementary SchoolGrades PK-63.4 mi
4/10
Isle SecondaryGrades 7-123.4 mi

Construction

Condition

  • Year built: 1984

Type & Style

  • Home type: MobileManufactured

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Interior Area

  • Total interior livable area: 784 sqft

Property

Details

  • Parcel number: 089828260

Lot

  • Lot size: 5,000 sqft

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 WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

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

FEMA Declared Disasters in Mille Lacs 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 $910$10,920
Home Insurance *$118$1,416
Property Taxes $163$1,956
Electricity $170$2,050
Total$1,361$16,332
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$46,662/yr
40% on housing$40,830/yr
45% on housing$36,293/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: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 5.7%
5.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$230This listing

vs Other Active Listings

Avg $/sqft

ZIP 56386$296
Mille Lacs County$138

vs Homes Sold Last Month

Median $/sqft

ZIP 56386$127
Mille Lacs County$189

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
2026-07-24Listed for sale$180,000

For Sale by Owner

AgentValerie

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