Does this property have an HOA?

No, this property does not have a homeowners association.

What are the annual property taxes?

Annual property taxes are $3,237 (2025).

What school district is this property in?

This property is in the 318 - Grand Rapids school district.

Does this home have a garage?

Yes, this home has a 2-car garage.

How long has this property been on the market?

This property has been listed for 105 days.

Listed at

$525,000

$183/sqft

31487 Malbay Road

31487 Malbay Road, Cohasset, MN, 55721

4 Bedrooms3 Bathrooms2,864 Square Feet13.44 Acres

Days on market105

Year built2005

Garage spaces2

TypeResidential

Est. $12,750buyer credit when you buy with SODL

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About this home

Tucked behind a winding private drive and surrounded by 13.4 wooded acres, this exceptional one level lake home offers 418 feet of shoreline on Stevens Lake and a setting that feels like your own private retreat. Designed for comfort, convenience, and accessibility, this nearly 3,000 sq ft home features wheelchair accessible doorways and hallways throughout, creating true easy one level living. Expansive windows fill the home with natural light while showcasing stunning panoramic lake views year round. The spacious layout includes 4 bedrooms, 3 full baths, two separate living areas, and an open flow ideal for entertaining or everyday living. The primary suite offers two walk in closets and a spa style bath with a jetted tub. New luxury vinyl plank flooring adds a modern, durable finish throughout. Outside, the property continues to impress with a lakeside patio perfect for sunrise coffee or sunset evenings, abundant wildlife, and excellent fishing known for northern and perch. A newly added shed provides extra storage, while the charming additional cabin/she shed/playhouse with electricity offers endless possibilities for guests, hobbies, or creative space. The attached heated 2 car garage adds year round convenience, and an additional exterior power hookup is ready for RV parking or extra equipment needs. A brand new larger well pump offers added peace of mind. Located just minutes from Cohasset, Grand Rapids, and Deer River, this property delivers the perfect blend of privacy, accessibility, acreage, and lake life.

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Home facts

Property typeResidential

Property subtypeSingle Family

Year built2005

LevelsOne

Living area2,864 sqft

Above-grade finished2,864 sqft

Below-grade finished0 sqft

Lot size13.44 acres (418x934x886x1240)

Days on market105

ListedMay 9, 2026

MLS #NST7022500

CountyItasca

Parcel #640183104

Facts & features

Interior

Bedrooms: 4
Bathrooms: 3
Bath breakdown: 3 full
Heating: Heat Pump, In-Floor Heating, Zoned
Cooling: Central Air
Laundry: Laundry Room

Property

Levels / stories: One
Garage: 2 spaces · 23x23 · 529 sqft
Parking features: Attached Garage, Electric, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage
Patio & porch: Patio
Exterior features: Vinyl
Pool: None

Construction

Property type: Residential
Property subtype: Single Family
Foundation: Slab · 2,752 sqft
Year built: 2005

Utilities

Water: Well
Sewer: Private Sewer
Fuel: Propane

Community & HOA

HOA: No HOA
School district: 318 - Grand Rapids
High school district: Grand Rapids

Financial & listing details

Annual tax: $3,237 (2025)
Tax with assessments: 3318
Listed: May 9, 2026
Days on market: 105 · 77 cumulative
Manufactured home: Yes

Interior details

Total bathrooms3

Full baths3

3/4 baths0

Half baths0

1/4 baths0

BasementNone

HeatingHeat Pump, In-Floor Heating, Zoned

CoolingCentral Air

Fireplaces2

LaundryLaundry Room

DiningInformal Dining Room

AmenitiesCeiling Fan(s), Kitchen Window, Main Floor Primary Bedroom, Natural Woodwork, Patio, Vaulted Ceiling(s), Washer/Dryer Hookup, Walk-In Closet

AccessibilityFully Wheelchair

Exterior & lot

ExteriorVinyl

FoundationSlab

Foundation area2,752 sqft

Patio/porchPatio

Lot featuresAccessible Shoreline, Tree Coverage - Medium

ZoningResidential-Single Family

Utilities

Water sourceWell

SewerPrivate Sewer

FuelPropane

Parking & garage

ParkingAttached Garage, Electric, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage

Garage spaces2

Garage size529 sqft

Financial details

Annual taxes$3,237

Tax year2025

Taxes w/ assessments3318

Assessment pendingUnknown

Down payment resourceYes

Lender ownedNot Disclosed

Short saleNo

ForeclosureNo

Schools

District318 - Grand Rapids

District number318

District phone2183275704

High schoolGrand Rapids

SODL flat fee brokerage

$12,750Estimated buyer credit

SODL platform fee $3,000Your buyer credit $12,750

Buyer-side commission

3.0%

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

$3,204/mo

Principal & interest$2,759

Property taxes$270

Home insurance (est.)$175

Down payment

$105,000

0%50%

Credit score

Loan term

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.