31336 Rasmussen Road, Pequot Lakes, Minnesota 56472

MN, Pequot Lakes
$879,900
  • 3 Beds
  • 4 Bath
  • Residential Property Type
  • 2020 Year Built
  • Active Status
See All 54 Photos
Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property Description

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 2×6 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.

Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: 7083459
  • Price: $879,900
  • Year Built: 2020
  • Listing Status: Active
  • Office Name: Black Bear Real Estate
  • Full Bathrooms: 2
  • Property Sub Type: Single Family
  • Roof: Metal,Age 8 Years or Less
Features
  • Heating System Forced Air,Fireplace(s)
  • Cooling System Central Air
  • Basement None
  • Fireplace Living Room,Wood Burning,Stone
  • Parking Attached Garage,Garage Door Opener,Heated Garage,Gravel,Electric,RV Access/Parking
  • Exterior Features Steel Siding
  • Fireplaces Total: 1
  • Laundry Features Main Level,Laundry Room,Electric Dryer Hookup,Washer Hookup,Lower Level,Sink
  • Sewer Septic System Compliant - Yes,Tank with Drainage Field
Appliances
  • Dishwasher
  • Dryer
  • Exhaust Fan
  • Microwave
  • Refrigerator
  • Washer
  • Range
  • Water Softener Owned
Address Map
  • Country US
  • State MN
  • County Crow Wing
  • City Pequot Lakes
  • Zipcode 56472
  • Street: Rasmussen
  • Street Number: 31336 & 31338
  • Street Suffix: Road
  • Longitude: W95° 41' 28.8''
  • Latitude: N46° 36' 26''
  • 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.
Neighborhood
  • High School District: Pequot Lakes
MLS Addon
  • Office Name: Black Bear Real Estate
Additional Information
  • Water Source: Drilled
  • Accessibility Features: No Stairs External,No Stairs Internal
  • Building Size: 2600
  • Construction Materials: Frame
  • Electric: 200+ Amp Service
  • Foundation Details: Block,Concrete Perimeter,Poured Concrete
  • Garage: 6
  • Levels: One
  • Lot Features: Tree Coverage - Light,Irregular Lot
  • Lot Size Dimensions: 165X475X288X211X123X264
Financial
  • Tax Annual Amount: 5628
Listing Information
  • List Agent Mls Id: 500500258
  • List Office Mls Id: 25549
  • Modification Timestamp: 2026-07-24T15:42:08Z
  • Originating System Name: NorthStar
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