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8348 Forgys Point, Cook, MN, 55723

1beds
1baths
773sqft
$259,000
$335price/sqft
$1,849/moest. monthly cost
$73,960/yrincome needed

About This Home

Discover your dream retreat with this charming, affordable cabin on Lake Vermilion. Nestled on two south-facing lots, this property offers the perfect blend of tranquility and adventure. Enjoy the beauty of the lake with boat access and the convenience of being close to a public landing.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

4/10
7/10
North Woods SecondaryGrades 7-129.6 mi

Construction

Condition

  • Year built: 1940

Materials

  • Roof: Shingle
  • Construction materials: Wood Siding,Wood Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Residential

Interior

Appliances

  • Appliances included: Electric Range,Microwave,Refrigerator,Electric Water Heater

Basement

  • Basement: None

Bedroom1

  • Area: 132

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1

Features

  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 0

Heating & Cooling

  • Heating features: Wood
  • Cooling features: None

Interior Area

  • Total structure area: 773
  • Total interior livable area: 773 sqft

Kitchen

  • Area: 192

Living Room

  • Area: 192

Property

Details

  • Parcel number: 250005000080

Features

  • Levels: One
  • Patio & porch: Deck
  • Exterior features: Guttering: Yes
  • On waterfront: Yes
  • Waterfront features: Lake Front
  • Waterbody name: Lake Vermilion

Lot

  • Lot size: 0.71 Acres
  • Features: Irregular Lot
  • Lot size dimensions: 150 x 205

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
  • Winter Weather
    Winter WeatherVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Cold Wave
Winter Weather
Inland Flooding
Heat Wave
Lightning
Wildfire

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 $1,309$15,708
Home Insurance *$186$2,232
Property Taxes $184$2,208
Electricity $170$2,050
Total$1,849$22,188
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$63,394/yr
40% on housing$55,470/yr
45% on housing$49,306/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

$335This listing

vs Other Active Listings

Avg $/sqft

ZIP 55723$272
St. Louis County$177

vs Homes Sold Last Month

Median $/sqft

ZIP 55723
St. Louis 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
2026-03-08Listed for sale$259,000

For Sale by Agent

AgentMichelle Manick
BrokerageHalcyon Realty LLC

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