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31336 & 31338 Rasmussen Road, Pequot Lakes, MN 56472

$899,900

Additiona House Kitchen#2 & Living Room View.jpg

Additiona House Kitchen#2 & Living Room.jpg

Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 2,600 Lot Size (sq. ft.): 107,158 Status: Active

Current Price: $899,900 List Date: 5/30/2026 Last Modified: 6/06/2026

Overview

Description

Experience the perfect blend of luxury, functionality, and income potential with this one-of-a-kind barndominium situated on 2.4 private acres within walking distance from Pequot Lakes and the Paul Bunyan Trail. Designed for comfortable single-level living, this meticulously crafted 3-bedroom, 4-bathroom home features accessibility-friendly 3-foot doorways, quality 2x6 construction, a durable block foundation with slab, and an open-concept floor plan filled with natural light from oversized windows. The heart of the home showcases a stunning wood-vaulted ceiling, custom cabinetry throughout, quartz countertops, and an impressive 13-foot center island ideal for gathering and entertaining. Relax by the wood-burning fireplace or retreat to the spacious office/den, perfect for working from home or creating a private getaway space. Car enthusiasts, hobbyists, and entertainers will appreciate the extraordinary 45' x 70' heated shop. Complete with a built-in bar, sauna, and separate his-and- ... (Read more) Experience the perfect blend of luxury, functionality, and income potential with this one-of-a-kind barndominium situated on 2.4 private acres within walking distance from Pequot Lakes and the Paul Bunyan Trail. Designed for comfortable single-level living, this meticulously crafted 3-bedroom, 4-bathroom home features accessibility-friendly 3-foot doorways, quality 2x6 construction, a durable block foundation with slab, and an open-concept floor plan filled with natural light from oversized windows. The heart of the home showcases a stunning wood-vaulted ceiling, custom cabinetry throughout, quartz countertops, and an impressive 13-foot center island ideal for gathering and entertaining. Relax by the wood-burning fireplace or retreat to the spacious office/den, perfect for working from home or creating a private getaway space. Car enthusiasts, hobbyists, and entertainers will appreciate the extraordinary 45' x 70' heated shop. Complete with a built-in bar, sauna, and separate his-and-hers bathrooms, this versatile space is designed for work and play. Two overhead doors—including a 14' x 14' door ideal for RV storage and an 8' x 16' garage door—provide exceptional flexibility. RV owners will love the dedicated 50-amp hookup with water, sewer, and indoor dump access. Adding even more value, the property includes a separate one-level guest house currently generating $1,900 per month in rental income. This highly flexible residence can function as a single 3-bedroom, 2-bath home or as two separate rental units. One side features 2 bedrooms, a living room, full kitchen, bathroom, and laundry. The other side offers 1 bedroom, a living room, kitchen. You'll also find beautiful pine wood flooring that has been newly refinished A locking door between the units allows owners to easily configure the space as one residence or two independent living areas. Whether used for multi-generational living, Airbnb rentals, long-term tenants, or guest accommodations, the possibilities are endless. At current rental rates, the guest house generates approximately $22,800 annually, helping offset mortgage costs while providing excellent investment potential. Recent improvements include a new roof installed in 2024, along with updated heating and central air conditioning in 2025. An additional detached two-stall garage provides even more storage and parking options. There may also be potential to split the guest house and garage from the main property, creating future investment opportunities. Whether you're seeking a private residence, income-producing property, hobby retreat, or all three, this exceptional offering delivers unmatched versatility, quality craftsmanship, and endless possibilities.

Listing Details MLS# 7083459

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: Yes
Waterfront Present: No
Year Built: 2020
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: 2
Bath Half: 2
Main Floor Total SqFt: 2600
Above Grd Total SqFt: 2600
Total SqFt: 2600
Total Finished Sqft: 2600.00
FireplaceYN: Yes
Style: (SF) Single Family
Foundation Size: 2600
Power Company: Minnesota Power
Garage Stalls: 6
Lot Dimensions: 165X475X288X211X123X264
Acres: 2.46
Assessment Pending: No
Bath Three Quarters: 0
Bath Quarter: 0
Below Grd Total SqFt: 0
Association Fee: 0

Property Features

Accessible: No Stairs External; No Stairs Internal Air Conditioning: Central Air Amenities Unit: Ceiling Fan(s); Kitchen Center Island; Main Floor Primary Bedroom; Patio; Primary Bedroom Walk-In Closet; Sauna; Vaulted Ceiling(s) Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Assumable Loan: Not Assumable Basement: None Bath Description: Double Sink; Main Floor 1/2 Bath; Main Floor Full Bath; Full Primary; Bathroom Ensuite Construction Materials: Frame Construction Status: Previously Owned Dining Room Description: Kitchen/Dining Room Electric: 200+ Amp Service Existing Financing: Conventional Exterior: Steel Siding Family Room Characteristics: Main Level Fireplace Characteristics: Living Room; Stone; Wood Burning Foundation: Concrete Block; Concrete Perimeter; Poured Concrete Fuel: Natural Gas Heating: Forced Air Internet Options: Cable Laundry: Electric Dryer Hookup; Laundry Room; Lower Level; Main Level; Sink; Washer Hookup Lock Box Type: SentriLock Lot Description: Irregular Lot; Tree Coverage - Light Parking Characteristics: Garage Door Opener; Heated Garage; RV Access/Parking Property Subtype: Shouse (Shop + House) Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Metal Second Unit: Easily Divided Sellers Terms: Cash; Conventional Sewer: Septic System Compliant - Yes; Tank with Drainage Field Special Search: 3 BR on One Level; All Living Facilities on One Level; Main Floor Bedroom; Main Floor Laundry; Main Floor Primary Stories: One Water: Drilled

Contract Information

Contingency: None
Original List Price: 899900
ListPrice: 899900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 31336 & 31338
Street Name: Rasmussen
Street Suffix: Road
Postal City: Pequot Lakes
County: Crow Wing
State: MN
Zip Code: 56472

Assessments

Tax With Assessments: 5628
Assessment Balance: 0

Basement

Foundation Dimensions: 40'X65'
None: Yes

More Information

Building Information

Finished SqFt Above Ground: 2600

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: GLAR
SentriLock: Yes

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 45'X70'
Garage Door Height: 14
Garage Door Width: 14
Garage Square Feet: 3150
Garage Door Opener: Yes
Heated Garage: Yes
RV Access/Parking: Yes

Public Survey Info

Range#: 29
Section#: 11
Township#: 136

Office/Member Info

Association: GLAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: THE S. 288.75 FT OF THE W. 475 FT OF NW1/4 OF SW1/4 SECTION 11 EXCEPT THE S. 123.75 FT OF W. 264 FT THEREOF
Listing City: Pequot Lakes
Map Page: 999
Municipality: Pequot Lakes
School District: Pequot Lakes
School District Phone: 218-568-4996
Zip Plus 4: 1217
Property ID Number: 29110536
Tax Year: 2026
Tax Amount: 5628
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Experience the perfect blend of luxury, functionality, and income potential with this one-of-a-kind barndominium situated on 2.4 private acres within walking distance from Pequot Lakes and the Paul Bunyan Trail. Designed for comfortable single-level living, this meticulously crafted 3-bedroom, 4-bathroom home features accessibility-friendly 3-foot doorways, quality 2x6 construction, a durable block foundation with slab, and an open-concept floor plan filled with natural light from oversized windows. The heart of the home showcases a stunning wood-vaulted ceiling, custom cabinetry throughout, quartz countertops, and an impressive 13-foot center island ideal for gathering and entertaining. Relax by the wood-burning fireplace or retreat to the spacious office/den, perfect for working from home or creating a private getaway space. Car enthusiasts, hobbyists, and entertainers will appreciate the extraordinary 45' x 70' heated shop. Complete with a built-in bar, sauna, and separate his-and-hers bathrooms, this versatile space is designed for work and play. Two overhead doors—including a 14' x 14' door ideal for RV storage and an 8' x 16' garage door—provide exceptional flexibility. RV owners will love the dedicated 50-amp hookup with water, sewer, and indoor dump access. Adding even more value, the property includes a separate one-level guest house currently generating $1,900 per month in rental income. This highly flexible residence can function as a single 3-bedroom, 2-bath home or as two separate rental units. One side features 2 bedrooms, a living room, full kitchen, bathroom, and laundry. The other side offers 1 bedroom, a living room, kitchen. You'll also find beautiful pine wood flooring that has been newly refinished A locking door between the units allows owners to easily configure the space as one residence or two independent living areas. Whether used for multi-generational living, Airbnb rentals, long-term tenants, or guest accommodations, the possibilities are endless. At current rental rates, the guest house generates approximately $22,800 annually, helping offset mortgage costs while providing excellent investment potential. Recent improvements include a new roof installed in 2024, along with updated heating and central air conditioning in 2025. An additional detached two-stall garage provides even more storage and parking options. There may also be potential to split the guest house and garage from the main property, creating future investment opportunities. Whether you're seeking a private residence, income-producing property, hobby retreat, or all three, this exceptional offering delivers unmatched versatility, quality craftsmanship, and endless possibilities.
Directions: From the stoplight in Pequot Lakes turn on Main Street towards County Road 11. Turn left at the 4 way stop on Rasmussen Road to property on the left.

Accessible

No Stairs External: Yes
No Stairs Internal: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Ceiling Fan(s): Yes
Kitchen Center Island: Yes
Main Floor Primary Bedroom: Yes
Patio: Yes
Primary Bedroom Walk-In Closet: Yes
Sauna: Yes
Vaulted Ceiling(s): Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Assumable Loan

Not Assumable: Yes

Bath Description

Double Sink: Yes
Main Floor 1/2 Bath: Yes
Main Floor Full Bath: Yes
Full Primary: Yes
Bathroom Ensuite: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Kitchen/Dining Room: Yes

Electric

200+ Amp Service: Yes

Existing Financing

Conventional: Yes

Exterior

Steel Siding: Yes

Family Room Characteristics

Main Level: Yes

Fireplace Characteristics

Living Room: Yes
Stone: Yes
Wood Burning: Yes

Foundation

Concrete Block: Yes
Concrete Perimeter: Yes
Poured Concrete: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Insurance Fee

Insurance Fee: 0

Internet Options

Cable: Yes

Laundry

Electric Dryer Hookup: Yes
Laundry Room: Yes
Lower Level: Yes
Main Level: Yes
Sink: Yes
Washer Hookup: Yes

Lot Description

Irregular Lot: Yes
Tree Coverage - Light: Yes

Patio, Porch and Deck Features

Covered: Yes

Property Subtype

Shouse (Shop + House): Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Metal: Yes

Second Unit

Easily Divided: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

Septic System Compliant - Yes: Yes
Tank with Drainage Field: Yes

Special Search

3 BR on One Level: Yes
All Living Facilities on One Level: Yes
Main Floor Bedroom: Yes
Main Floor Laundry: Yes
Main Floor Primary: Yes

Stories

One: Yes

Water

Drilled: Yes

Room Information

Room Name	Dimensions	Level
Bathroom	5'X15'	Main
Bathroom	6'X9'	Main
Bathroom	6'x9'	Main
Dining Room	17'X19'	Main
First (1st) Bedroom	14'X16'	Main
Kitchen	10'X19'	Main
Laundry	5'X18'	Main
Living Room	19'X24'	Main
Primary Bath	7'X18'	Main
Second (2nd) Bedroom	11'X18'	Main
Third (3rd) Bedroom	12'X14'	Main
Den	12'X15'	Main

Listing Office: Black Bear Real Estate

Last Updated: June - 06 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.