COLES PLAT OF PEQUOT
Pick a date to request a showing
Cancel anytime, free.
About this home
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.
Contact us
Home facts
Facts & features
Interior
- Bedrooms
- 5
- Bathrooms
- 3
- Bath breakdown
- 1 full / 2 3/4
- Heating
- Forced Air
- Cooling
- Central Air
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Property
- Levels / stories
- Split Entry (Bi-Level)
- Garage
- 3 spaces · 22' x 36' · 792 sqft
- Parking features
- Detached Garage, Asphalt, Electric, Garage Door Opener
- Patio & porch
- Deck, Front Porch
- Exterior features
- Wood
- Lot size
- 0.31 acres
Construction
- Property type
- Residential
- Property subtype
- Single Family
- Construction materials
- Frame
- Foundation
- Block · 1,104 sqft
- Roof
- Age 8 Years or Less, Asphalt
- Year built
- 1985
Utilities
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
- Fuel
- Natural Gas
- Electric
- Circuit Breakers, 200+ Amp Service
Community & HOA
- Subdivision
- COLES PLAT OF PEQUOT
- HOA
- No HOA
- School district
- 186 - Pequot Lakes
- High school district
- Pequot Lakes
Financial & listing details
- Annual tax
- $2,717 (2026)
- Tax with assessments
- 2742
- Listed
- Sep 11, 2026
- Days on market
- 18
- Manufactured home
- Yes
Interior details
Exterior & lot
Utilities
Parking & garage
Financial details
Schools
How SODL buyer credits work
When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.
- Tour homes with SODL’s flexible showing network
- Submit offers and manage your transaction through the platform
- Keep more money at closing through transparent flat-fee pricing
A clear, modern way to buy with expert guidance and meaningful savings.
Estimated monthly payment
These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.
Location
30973 Rasmussen Road, Pequot Lakes, MN, 56472
Comparable homes
Est. $7,497 credit4 Bedrooms3 Bathrooms
30862 Rasmussen Road
$349,900Pequot Lakes, MN
Est. $11,760 creditTBD Bergquist Dr
$492,000Pequot Lakes, MN
Est. $7,950 credit3 Bedrooms2 Bathrooms
4474 Griffin Circle
$365,000Pequot Lakes, MN
Est. $8,370 credit3 Bedrooms2 Bathrooms
4468 Griffin Circle
$379,000Pequot Lakes, MN
Est. $8,997 credit3 Bedrooms2 Bathrooms
31418 Isabelle Drive
$399,900Pequot Lakes, MN
Listing information
Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.
