5722 Homestead Rd, Duluth, MN, 55804
About This Home
A rare North Shore opportunity — live, work, or invest at 5722 Homestead Rd! This beautifully crafted log building, set on 2.45 acres between Duluth and Two Harbors, offers both residential potential and business flexibility. Built in 1993 by Minde Log Construction using old-growth pine from McGregor, MN, the structure is a testament to craftsmanship and durability. Currently configured as a multi-tenant commercial property with 4 separate units, this property could be converted into a stunning single-family home or live/work setup after current leases end. Imagine rustic charm blended with modern amenities — geo-thermal in-slab heating, central A/C, a newer roof with seamless gutters, full sprinkler system, and wired security. The property may also be eligible for short-term rental use, adding to its versatility. Whether you envision a spacious homestead with room to grow, a peaceful retreat minutes from Lake Superior, or a smart investment in a high-traffic corridor, this property is your canvas. (additional land available) Nestled just off North Shore Scenic Drive and Hwy 61 — schedule your private showing today and explore the possibilities!
Getting Around
Car-Dependent
No Nearby Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Previously Owned
- Year built: 1993
Materials
- Foundation: Concrete Perimeter
- Roof: Asphalt Shingle
- Construction materials: Log,Log Home
Type & Style
- Home type: SingleFamily
- Architectural style: Log
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Microwave,Range,Refrigerator,Washer
- Laundry features: Dryer Hook-Ups,Washer Hookup
Basement
- Has basement: Yes
- Basement: Full,Finished,Walkout,Bath,Utility Room,Washer Hook-Ups,Dryer Hook-Ups
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 5
- 3/4 bathrooms: 1
- 1/2 bathrooms: 4
- Main level bedrooms: 1
Features
- Natural Woodwork,Vaulted Ceiling(s),Center Hall Foyer
- Flooring: Tiled Floors
- Finished area below ground: 2,472
- Finished area above ground: 2,472
Heating & Cooling
- Heating features: Boiler,Geothermal,In Floor Heat,Hot Water,Propane
- Cooling features: Central Air
Interior Area
- Total interior livable area: 4,944 sqft
Property
Accessibility
- Accessibility features: Partially Wheelchair,Accessible Approach with Ramp
Details
- Parcel number: 315001000542
- Zoning description: Business/Commercial,Residential
Lot
- Lot size: 2.32 Acres
- Lot size dimensions: irregular
Parking
- Parking features: Off Street,Gravel,None
- 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
- Lightning
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in St. Louis County and Minnesota
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,488 | $41,856 |
| Home Insurance * | $184 | $2,208 |
| Property Taxes | $586 | $7,032 |
| Electricity | $416 | $5,003 |
| Total | $4,674 | $56,088 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-06 | Listed for sale | $689,900 |
| 2026-01-01 | Listing removed | $689,900 |
| 2025-05-16 | Listed for sale | $689,900 |
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