80078 Waters of Vermilion Road

• Currently, either individual lot(s) or the entire development are available for sale
• There are several development scenarios that a new owner could pursue: smaller, eco-friendly homes that fit into the existing plan and/or tiny homes (a conservation development), and larger "second" homes.
• Located in an Opportunity Zone on 34 acres with 720 feet of shoreline
• Located next to Fortune Bay Casino and the Wilderness of Fortune Bay Golf Course which is one of the top rated golf courses in the State of Minnesota, 25 miles from Giants Ridge Golf & Ski Areas, and three and a half hours north of the Twin Cities
• Over $3.3M of improvements have been invested in the Property and infrastructure is in-place: roads, utilities, water and sewer have been installed
• Numerous community amenities and common elements including a bike and boat club, The Waters Club, trails, two inland ponds, a private beach, trails, bicycles, kayaks, paddle boats, a putting green, guest cabin, and more
• The Property is permitted for 24+ boat docks

Property Description

SVN | Northco is pleased to present for sale the Waters of Vermilion Lake Home and Resort Development ("Property"). The Property consists of 38 development lots that can be combined and community common elements on popular Lake Vermilion in northeastern Minnesota. This sustainable/green lake home community provides maintenance-free living, allowing you to enjoy your time in the Minnesota Northwoods without the maintenance concerns associated with ownership.