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Active NEW!
$429,900
/mo Edit
Single Family:  2 Stories
4 br • 2 ba • Built 1973
1,728 sqft • 1.29 acres
MLS# 7033898
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    Property Description

    After more than 50 years on beautiful Swan Lake, the family has decided to sell their beloved 4 bedroom/2 bath "B On The Lake" year-round homestead located on Grozy's Point Rd. Grozy's Point is a well-known landmark on Swan Lake, and this is your chance to own this special 1.29 acre property with privacy galore and an iconic address. Here you'll find a mix of vintage charm, timely updates, a well-designed living space lovingly maintained, with an incredible lake view. Two of the four bedrooms have sliding glass doors that open to a deck on the upper level - what a way to start and end each day! The main level attached, heated sunroom (with windows on 3 sides) has a Vermont Castings gas stove; it's easy to enjoy the outdoors here no matter the weather. Both garages have 240V/50amp electrical service, so bring on the power tools! When it's time for loved ones to gather, this home will be the chosen spot over and over again, with room for tents, campers, yard games, kids, friends, family, pets... or solitude surrounded by woods, water, and wildlife. Or if you're looking for an Airbnb property, this will suit you well. Your 108 feet of shoreline is perfect for docking your boat, kayaks, and personal watercraft - or floating, swimming, and fishing right from your own beach and dock. (That's right, the dock and boat lift are included.) This property is move-in-ready but at a price point that leaves room for you to make it your own over time. If you have seen this home before, stop back in and look again. A new look and new price will have you planning your move-in date. Swan Lake spans more than 2600 acres and has 18 miles of shoreline. The legendary sandbar, the July Flotilla, walleye fishing, water sports, and a vibrant lakefront boat-in bar/restaurant are all waiting for you here, as well as an excellent 9-hole golf course nearby. PLUS Pengilly is home to a gas/convenience store, a liquor store/bait shop/pizza shop, community center, church, and another sports bar/restaurant. You can be as social as you want or enjoy the peace and quiet of your own lake home surrounded by woods, water, and wildlife. Be sure to read the Owner's Letter included in the photos, and then come home to Swan Lake.

    Listing

    Contingency: None
    Price per sq ft: $249
    City: Pengilly
    County: Itasca
    State: MN
    Property Style: 2 Stories
    Zip Code: 55775
    Subdivision Name: Auditors Sub 36

    Interior

    Living Area: 1,728 ft2
    Common Wall: No
    Appliances Included:
    • Dryer
    • Electric Water Heater
    • Freezer
    • Fuel Tank - Owned
    • Range
    • Refrigerator
    • Washer
    Fireplace Details:
    • Gas
    • Wood Burning
    Basement Details: None

    Exterior

    Stories: Two
    Garage Spaces: 5
    Garage Size: 576 ft2
    Air Conditioning: Central Air
    Foundation Size: 864 ft2
    Foundation Dimensions: 24 x 36
    Handicap Accessible: Other
    Out Buildings: Garage(s), Other
    Road Responsibility: Private Maintained Road
    Heating System:
    • Baseboard
    • Fireplace(s)
    • Forced Air
    Parking Features:
    • Asphalt
    • Carport
    • Detached Garage
    • Electric
    • Garage Door Opener
    • Heated Garage
    • Insulated Garage
    • Multiple Garages
    • Storage
    Road Frontage: Private Road
    Roof Details: Asphalt

    Rooms

    1/4 Baths: None
    Full Baths: 2
    Half Baths: None
    3/4 Baths: None
    Bathroom Details:
    • Main Floor Full Bath
    • Upper Level Full Bath
    Laundry: Laundry Room
    Upper Level Size Sq Ft
    Bonus Room  —  — 
    Main Level Size Sq Ft
    Dining Room  —  — 
    Kitchen  —  — 
    Laundry  —  — 
    Living Room  —  — 
    Sun Room  —  — 

    Lake & Waterfront

    Waterfront View: East
    WF Frontage: 106
    Waterfront: Lake Front
    Lake Bottom: Sand

    Lot & Land

    Acres: 1.29
    Geolocation: 47.290287, -93.169038
    Lot Dimensions: 100 x 555
    Zoning: Residential-Single Family
    Lot Description:
    • Accessible Shoreline
    • Tree Coverage - Medium

    Schools

    School District: 1412
    District Phone: 2182477306

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $3,217
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,298
    Association Fee Required: No
    Association Fee: None

    Miscellaneous

    Fuel System:
    • Electric
    • Propane
    • Wood
    Sewer System: Other
    Water System: Drilled
    Power Company Name: Lake Country Power

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    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of MN DIRECT PROPERTIES.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.