$544,500
Oak Island, MN 56741
MLS# 6601992
Status: Closed
4 beds | 2 baths | 1008 sqft
1 / 53
Property Description
Discover your lakefront paradise with 400 feet of stunning Lake of the Woods frontage on Flag Island at the Northwest Angle of Minnesota. This 5.43-acre retreat features an immaculately maintained, year-round beautiful log home and a charming guest house, offering a perfect blend of rustic charm and modern comfort. The main residence boasts three bedrooms and a bathroom, complemented by a recently remodeled kitchen with new appliances. The guest house features a sauna, bedroom, bathroom, and laundry room. Enjoy cozy evenings by the fireplace, take in the breathtaking lake views from the screened-in porch or wrap-around deck, and unwind in the sauna after a day of exploration. Additional highlights include a private dock, boathouse, storage shed, and self-sufficient private well and septic system. Located just 4 miles from the mainland at Young's Bay, this property provides easy access to exceptional fishing, delightful restaurants and bars, and endless opportunities to explore the surrounding islands. Whether you’re seeking a peaceful retreat or an adventure-filled escape, this lakefront haven offers the perfect balance of tranquility and excitement.
Details
Contract Information
Status: Closed
Off Market Date: 2024-09-29
Contingency: None
Current Price: $544,500
Closed Date: 2025-02-26
Original List Price: 549000
Sales Close Price: 544500
ListPrice: 549000
List Date: 2024-09-13
Owner is an Agent?: No
Auction?: No
General Property Information
Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 1
Road Btwn WF & Home?: No
Waterfront Frontage: 408
Waterfront YN: Yes
Year Built: 1991
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bedrooms: 4
Baths Total: 2
Bath Full: 2
Main Floor Total SqFt: 840
Above Grd Total SqFt: 1008
Total SqFt: 1008
Total Finished Sqft: 1008.00
FireplaceYN: Yes
Lake/Waterfront Name: Lake of the Woods
Style: (SF) Single Family
Foundation Size: 840
Power Company: Roseau Electric Cooperative
Lot Dimensions: 408' X 85' X535' X862' X1305' X 1655"
Acres: 5.43
Acreage Information
Wooded Acres: 4
Assessments
Tax With Assessments: 2508
Basement
Foundation Dimensions: 840
Building Information
Finished SqFt Above Ground: 1008
Lake Details
Lake Acres: 725582
Lake Depth: 210
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 33
Section#: 34
Township#: 168
Location Tax and Other Information
House Number: 8
Street Name: Flag
Postal City: Oak Island
County: Lake of the Woods
State: MN
Zip Code: 56741
Property Features
Accessible: None
Air Conditioning: Ductless
Amenities Unit: Deck; Dock; Hardwood Floors; Kitchen Window; Panoramic View; Porch; Tile Floors; Vaulted Ceiling(s)
Appliances: Dryer; Fuel Tank - Owned; Microwave; Range; Refrigerator; Washer
Basement: Crawl Space
Bath Description: Main Floor Full Bath
Construction Materials: Log
Construction Status: Previously Owned
Dining Room Description: Eat In Kitchen
Electric: Circuit Breakers
Elevation Highpoint to Waterfront Slope: Gradual
Exterior: Fiber Board; Log
Family Room Characteristics: 2 Story/High/Vaulted Ceilings; Main Level
Financing Terms: Cash
Fireplace Characteristics: Free Standing
Fuel: Electric; Propane
Heating: Baseboard; Forced Air
Internet Options: DSL; Fiber Optic
Lake Details: Hard; Rocky; Sand
Laundry: Laundry Room
Lot Description: Irregular Lot; Island/Peninsula; Tree Coverage - Medium
Outbuildings: Boat House; Guest House; Sauna
Parking Characteristics: Other
Pool Description: None
Property Subtype: Cabin
Road Frontage: Other
Roof: Asphalt Shingles; Metal
Sellers Terms: Cash; Conventional
Sewer: Private Sewer
Stories: One and One Half
Topography: Wooded; High Ground; Sloped
Water: Private
Waterfront View: Lake; Panoramic; North
Room Information
| Room Name | Level |
| First (1st) Bedroom | Main |
| Second (2nd) Bedroom | Main |
| Third (3rd) Bedroom | Main |
| Fourth (4th) Bedroom | Second |
| Living Room | Main |
| Kitchen | Main |
| Laundry | Main |
| Loft | Second |
| Screened Porch | Main |
| Bathroom | Main |
| Bathroom | Main |
| Deck | Main |
| Guest House | Main |
Listing Office: Reed Realty
Last Updated: February - 27 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.