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4-540 Old North Shore Ct, Two Harbors, MN, 55616

1beds
1baths
541sqft
$240,000
$444price/sqft
$1,668/moest. monthly cost
$66,720/yrincome needed

About This Home

Own a slice of Lake Superior at a fraction of the cost! This beautifully maintained 1-bedroom, 1-bathroom ¼ share (13 weeks per year) offers an exceptional chance to enjoy one of the most coveted resorts on the North Shore. Just steps from your front door, take in the mesmerizing sound of waves rolling onto the shoreline, an experience that never gets old. Nestled back from the road, this peaceful getaway provides the privacy and cozy comfort you’ve been dreaming of. Even better, you can join the optional rental program, where the onsite management company will rent out your unit when you’re not using it, generating revenue to help offset your ownership expenses. Opportunities like this are rare at this resort and tend to move quickly. Don’t miss your chance to claim this lakeside retreat!

Getting Around

6
WalkingCar-Dependent
0
TransitVery Limited Transit
35
BikeSomewhat Bikeable

Schools

6/10
7/10
Two Harbors SecondaryGrades 6-126.3 mi

Construction

Condition

  • Property condition: Previously Owned
  • Year built: 2016

Materials

  • Construction materials: Log,Log Home

Type & Style

  • Home type: Condo
  • Architectural style: Log
  • Property subType: Condominium

Interior

Bedrooms & Bathrooms

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

Features

  • Number of fireplaces: 1
  • Fireplace features: Gas
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 541

Heating

  • Heating features: Fireplace(s),Forced Air,Wood,Propane

Interior Area

  • Total interior livable area: 541 sqft

Property

Details

  • Parcel number: 25523003040
  • Foundation area: 529

Features

  • On waterfront: Yes
  • Waterfront features: Lake Superior,Waterfront Access(Association)
  • Waterbody name: Lake Superior
  • Frontage length: 1200

Lot

  • Lot size: 2,178 sqft
  • Lot size dimensions: IRG

Parking

  • Parking features: None

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
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Lightning
Strong Wind
Winter Weather
Hail
Inland Flooding
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 $1,213$14,556
Home Insurance *$164$1,968
Property Taxes $121$1,452
Electricity $170$2,050
Total$1,668$20,016
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$57,188/yr
40% on housing$50,040/yr
45% on housing$44,480/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

$444This listing

vs Other Active Listings

Avg $/sqft

ZIP 55616$169
Lake County$142

vs Homes Sold Last Month

Median $/sqft

ZIP 55616
Lake County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-11-24Listed for sale$240,000

For Sale by Agent

AgentAlex Chapek
BrokerageOdyssey Real Estate Group

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