1804 Hwy 61 E, Grand Marais, MN 55604

Property Description

Lake Superior Investment Opportunity | Main Home + Apartment + Guest House! Discover an exceptional North Shore investment opportunity just minutes east of Grand Marais with convenient access from Highway 61 and additional frontage on Croftville Road. Set on 1.17 south-facing acres with stunning Lake Superior views, this versatile property features three distinct living spaces—a spacious 4-bedroom, 3-bath main home, private one-bedroom apartment, and charming guest house—creating outstanding flexibility for personal use, hosting, multigenerational living, or income potential. Designed to capture the beauty of Lake Superior, the property offers expansive water views, bright interiors, and multiple living configurations rarely found in one offering. The guest house includes three bedrooms and two baths, with a bright living room featuring a wall of windows showcasing breathtaking lake views and access to a deck overlooking the water. A full kitchen, dining area, and separate driveway create privacy and make the space ideal for guests or rental use. The main residence blends comfort and function. An entry/mudroom connects the garage to a well-appointed kitchen with a large pantry and center island. The dining area opens to a lakeside deck, while the spacious living room is ideal for relaxing or entertaining. French doors lead to a study or additional bedroom. The primary suite enjoys Lake Superior views and includes a private bath with double vanity, walk-in closet, and linen storage. A large laundry room offers space for hobbies or office use, while an additional bedroom completes the upper level. The lower level provides abundant storage, a family room opening to the yard, and a large multipurpose room suited for a studio, gym, library, or flex space. Completing the property is the one-bedroom apartment featuring a living room, kitchen with dining space, ¾ bath, and bright bedroom. With a history of long-term rentals and future short-term rental potential across all three dwellings, this property offers exceptional flexibility as an investment, retreat, or family compound. Virtual Tour: https://my.matterport.com/show