Downtown Pequot Lakes — Turnkey, Fully Furnished Home with Proven Rental Income. Beautifully renovated and fully furnished 5BR/3BA home with 3-car garage, ideally located just one block from downtown Pequot Lakes. This turnkey property offers a unique opportunity for an investor, second-home buyer, or full-time resident. Originally renovated with a $200K+ investment, the property has continued to receive improvements since October 2024, including a brand-new exterior AC unit, air exchanger, professional landscaping, and numerous cosmetic updates. The spacious interior features vaulted ceilings, a generous primary suite with private bath, updated bathrooms, quartz countertops, upgraded lighting and fixtures, and a well-appointed kitchen. Enjoy the large deck, private backyard, and inviting front porch. Home is being sold fully furnished with high-end furnishings, décor, appliances, and household items. Strong rental history: approximately $40,000 in rental income in 2025 through a combination of long-term and Airbnb rentals. The property is on track for approximately $40,000 in 2026 through a long-term rental. Current tenant is leased through May 31, 2027, providing established rental income for the new owner. Rental demand has been strong, with four prospective tenants expressing interest within 72 hours when the property was offered for rent. Enjoy the convenience of being just one block from downtown, with restaurants, churches, shops, schools, and everyday amenities within easy walking distance. Families will appreciate the proximity to Pequot Lakes schools, including highly regarded Pequot Lakes High School. Outdoor enthusiasts will enjoy nearby access to the Paul Bunyan Trail, offering approximately 115 miles of trails for biking and snowmobiling. Highway 371 is just minutes away for convenient access throughout the Brainerd Lakes Area. Turnkey. Fully furnished. Updated. Income-producing. Leased through May 2027. Exceptional downtown location. A rare opportunity to own a versatile property with proven rental performance and immediate income already in place.
This beautiful home has just undergone a $200K+ renovation, EVERYTHING is NEW! 5 bedrooms, 3 bathrooms & a 3 car garage! You’ll LOVE the front porch, vaulted ceilings, huge master suite with private bathroom, giant deck overlooking your very private backyard. All NEW SS appliances, New High efficiency Furnace and AC, electrical and plumbing have been updated. New kitchen with quartz countertops. NEW Lighting, doors, trim, bathroom, vanities, and faucets, etc. Very thoughtful layout and design. Amazing location, right in town one block to downtown Pequot Lakes or the Paul Bunyan Trail for 115 miles of biking or snowmobiling!! Private setting minutes from 371, schools, close to Breezy Point & Baxter. Seller loss is your gain. Don’t worry about repair costs coming up, IT’S ALL NEW!
NORTHSTARMLS as Distributed by MLS Grid #6550902
Aug 2, 2024
Listing Removed
—
Jul 11, 2024
Price Changed
$399,900
$186/sq ft
Jul 3, 2024
Price Changed
$419,900
$195/sq ft
Jun 23, 2024
Price Changed
$424,900
$197/sq ft
Jun 13, 2024
Listed
$434,900
$202/sq ft
Jun 10, 2024
Coming Soon
*
Public Records
Feb 21, 2024
Sold
$184,000
$85/sq ft
NORTHSTARMLS as Distributed by MLS Grid #6410719
Sep 21, 2023
Sold
$184,000
$85/sq ft
Aug 17, 2023
Pending
—
Aug 14, 2023
Listed
$199,900
$93/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$2,742 (+64.2%)
$53,700 + $274,700
$328,400
2025
$1,670 (+6,580.0%)
$58,400 + $264,100
$322,500
2024
$25
$51,400 + $147,000
$198,400
Public record
Beds
4
Baths
3
Stories
—
Lot width
—
Lot depth
—
Lot size
0.31 Acres
Year renovated
1985
Finished Sq. Ft.
1,932
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,932
Year built
1985
Style
Single Family Residential
County
Crow Wing County
APN
29100983
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 2, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
2/10 Heat Factor
7 days above 93° expected this year, 13 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Pequot Lakes, MN • 56472
Average low and high temperatures (°F)
18
0
26
7
43
23
52
33
67
45
74
57
79
62
76
60
74
55
60
43
41
28
24
9
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
85/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 30973 Rasmussen Rd
$430,962
$963 over list price of $430K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $363K to $595K.