31336 & 31338 Rasmussen Road Pequot Lakes, MN 56472

$899,900
Active
estimated monthly payment
3 Beds  |  4 Baths  |  2,600 Sq Ft  |  Single Family  |  MLS # 7083459
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About The Listing

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 courtesy of Brian Wallin, Black Bear Real Estate
Purchase Price
Loan Type
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Interest Rate
Estimated Property Taxes
Homeowner's Insurance
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Property Details

Features

 
 
 
Property Type: Single Family
Status: Active
Contingency Type: None
Year Built: 2020
MLS #: 7083459
Bedrooms: 3
Square Feet: 2,600
Bathrooms (Full): 2
Price Per Square Foot: $346
Bathrooms (Half) : 2
Bathrooms (Three Quarters) : 0
Garage Spaces: 6
Parking Description: Attached Garage, Gravel, Electric, Garage Door Opener, Heated Garage, RV Access/Parking
Sewer Description: Septic System Compliant - Yes, Tank with Drainage Field
Air Conditioning Type: Central Air
Water: Drilled
Heat Type: Forced Air, Fireplace(s)
Basement: None
Foundation Type: Block, Concrete Perimeter, Poured Concrete
Construction Description: Frame
Roof Description: Age 8 Years or Less, Metal
Days On Market (Continuous): 0
Disability Features: No Stairs External, No Stairs Internal
Latest Update: 06/02/2026
List Date: 05/29/2026
Listing Agent ID: 500500258
Listing Office: Black Bear Real Estate
Listing Office ID: 25549
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Appliances: Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer, Water Softener Owned
Fireplace Features: Living Room, Stone, Wood Burning
Laundry Features: Electric Dryer Hookup, Lower Level, Laundry Room, Main Level, Sink, Washer Hookup
Number of Fireplaces: 1
Exterior Features: Steel Siding
Lot Dimensions: 165X475X288X211X123X264
Lot Size: 2.46 Acres
Lot Features: Irregular Lot, Tree Coverage - Light
School District: Pequot Lakes
Tax Year: 2026
Estimated Taxes: $5,628
Contingency Type: None
City: Pequot Lakes
Zip: 56472
County: Crow Wing
State: MN

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Listing last updated: 06/02/26

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