For Sale

Listed by Brian Wallin from Black Bear Real Estate

Source: Regional MLS of Minnesota #7083459

31336 Rasmussen Road, Pequot Lakes, MN, 56472

$879,900

3
4
6
2600 sq. ft.
2.46 ac.

SingleFam

30+ days on the market

What's around 31336 Rasmussen Road

About this property

Experience the perfect blend of luxury, functionality, and income potential with two homes situated on 2.4 private acres within walking distance from Pequot Lakes and the Paul Bunyan Trail. The barndominium is 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 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.

Looking for more information on 31336 Rasmussen Road?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties for sale nearby

For Sale
$895,000
9186 Iris Lane
Pequot Lakes MN 56472
3
1
2
Single-Family
Listing courtesy of Kurilla Real Estate LTD
Pending
$150,000
31095 Spruce Street
Pequot Lakes MN 56472
3
2
2
Single-Family
Listing courtesy of HeartLand Real Estate
Under Contract
$225,000
31880 Terrois Lane
Pequot Lakes MN 56472
3
1
2
Single-Family
Listing courtesy of REMAX Advantage Plus - Pietig Properties Group | Breezy Point

Other properties for sale by Black Bear Real Estate

Under Contract
$419,000
40 Dodder Lane Southwest
Pequot Lakes MN 56472
2
1
Single-Family
Listing courtesy of Black Bear Real Estate
Pending
$399,900
5496 Sibley Lake Road Southwest
Pequot Lakes MN 56472
2
1
Single-Family
Listing courtesy of Black Bear Real Estate
For Sale
$164,900
1216 South 6th Street
Brainerd MN 56401
Land
Listing courtesy of Black Bear Real Estate

Browse properties sold in nearby areas

Based on information submitted to the MLS GRID as of 30 May 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent