For Sale: Beaver Bay MLS# 7114418
Active
$675,000
Condo/Townhome: Twin Home
2 br • 2 ba • Built 1999
1,448 sqft • 0.04 acres
Lake Superior schools
MLS# 7114418
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Property Description
Nestled along the shores of Lake Superior in Beaver Bay is Bears Den — one of Cove Point Lodge resort’s top-performing and highest rental revenue-producing cottages. This is a rare opportunity to own both a luxury North Shore retreat and an exceptional income-generating property. This highly sought-after 2-bedroom cottage has become a true destination getaway, welcoming returning guests year after year who come to experience the unmatched peace, privacy, and beauty of Minnesota’s North Shore. Offered fully furnished and completely turnkey, the cottage includes a beautifully updated and fully equipped kitchen, custom furnishings, curated artwork, large stone wood burning fireplace and quality linens — everything needed to continue its successful rental operation from day one. Surrounded by towering pines and the soothing sounds of crashing waves, Bears Den offers the perfect escape from the pace of everyday life. The spacious owner’s suite features a second fireplace and a deep jetted soaking tub positioned to capture spectacular lake views, creating a serene spa-like retreat unlike anything else on the shore. Meticulously maintained and thoughtfully updated, this cottage perfectly blends rustic Northwoods charm with modern comfort. Spend cozy evenings by the fire watching movies, relax on one of the most private decks in the resort with a book and fresh lake breeze, or gather around the community bonfire near the fish house with fellow North Shore enthusiasts. New boiler, on demand water heater. hardwood floors and deck, new Jacuzzi tub last year. Outdoor recreation is right outside your door, with direct access to the Superior Hiking Trail and the Gitchi-Gami State Trail. Iconic NorthShore destinations including Split Rock Lighthouse, Gooseberry Falls State Park, and Tettegouche State Park are all just minutes away, while Duluth and its dining, shopping, and entertainment are less than an hour’s drive along the breathtaking Scenic Highway 61corridor. Owners and guests also enjoy convenient access to the amenities of Cove Point Lodge, including the indoor swimming pool, hot tub, and sauna at no additional charge, as well as the renowned Cove Point Restaurant. Use The Bears Den as your own private retreat or stay in the rental pool and choose to rent out at times for great revenue!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$675,000
Price per sq ft:
$466
Property Type:
Condo/Townhome
City:
Beaver Bay
Garage Spaces:
0
County:
Lake
Year Built:
1999
State:
MN
Property Style:
Twin Home
Zip Code:
55616
Subdivision Name:
Cove Point Twnhms
Interior
Bedrooms:
2
Bathrooms:
2
Finished Area:
1,448 ft2
Total Fireplaces:
2
Living Area:
1,448 ft2
Common Wall:
Yes
Fireplace Details:
- Gas
- Wood Burning
Basement Details:
- Crawl Space
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Air Conditioning:
None
Foundation Size:
1,448 ft2
Foundation Dimensions:
24x28
Handicap Accessible:
None
Heating System:
Hot Water
Parking Features:
Asphalt
Unit Amenities:
- Ceiling Fan(s)
- Deck
- Hardwood Floors
- Natural Woodwork
- Panoramic View
- Tile Floors
- Washer/Dryer Hookup
Pool:
- Indoor
- Shared
Rooms
1/4 Baths:
None
Full Baths:
2
Half Baths:
None
3/4 Baths:
None
Lake & Waterfront
Waterfront Present:
Y
Waterfront View:
Panoramic
WF Frontage:
870
Waterfront:
Lake Front
Lot & Land
Acres:
0.04
Geolocation:
47.247104, -91.313838
Lot Dimensions:
IRG
Zoning:
Other
Schools
School District:
381
District Phone:
2188348216
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,923
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,538
Association Fee Required:
Yes
Association Fee:
$771
Association Fee Frequency:
Monthly
Association Fee Includes:
- Building Exterior
- Heating
- Lawn Care
- Maintenance Grounds
- Sanitation
- Sewer
- Shared Amenities
- Snow Removal
- Water
Association Company:
Leisure Hotels & Resorts
Association Company Number:
2184547270
Units
Unit Number:
410
Miscellaneous
Fuel System:
Propane
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Co-op Power & Light
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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!
Listing provided by RMLS,
courtesy of Odyssey Real Estate Group.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.