




5000 Lakeshore Dr, Makinen, MN, 55763
About This Home
Rare Lakefront Opportunity on Whiteface Reservoir — First Time Ever Offered to the Public and the Seller is MOTIVATED. Discover one of the most extraordinary lakefront properties in Northern Minnesota, now available for the very first time. Nestled on a private peninsula along the pristine shores of Whiteface Reservoir, this remarkable 2.5+ acre estate offers over 1,200 feet of coveted lakeshore — a figure that speaks for itself. With a sandy beach, a private boat launch, and sweeping water views from nearly every direction, this peninsula setting is truly unmatched. The property includes a cozy one-bedroom, two-bath home, perfect as a primary residence, cabin retreat, or guest quarters. It also features a large, heated garage with a studio space and an upper-level office — both easily convertible into additional living space to suit your vision. Step outside to your private outdoor sauna and shower, where the boundary between rustic luxury and natural beauty simply dissolves. With a rich history as a former campground, the land is well-suited for continued recreational use, a family compound, or thoughtful redevelopment. A 40 x77 prepped and seasoned building pad is ready for your dream build, and a brand new well and septic system mean the infrastructure is in place and waiting. Whether you envision a private family retreat, a luxury lodge, or a one-of-a-kind investment property, the bones are already here. Properties like this don't come along. Ever. Call to schedule a tour!
Getting Around
Schools
Construction
Condition
- Year built: 1926
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
Property
Lot
- Lot size: 2.50 Acres
Parking
- Total spaces: 2
- Parking features: Gravel,Detached,Attic,Electrical Service,Heat,Insulation
- 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
- Cold Wave
- Winter Weather
- Heat Wave
- Inland Flooding
- Lightning
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 | $3,787 | $45,444 |
| Home Insurance * | $131 | $1,572 |
| Property Taxes | $636 | $7,632 |
| Electricity | $170 | $2,050 |
| Total | $4,724 | $56,688 |
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
No price history available
