31487 Malbay Rd

Cohasset, MN 55721

$549,000
Price
4
Beds
2,864 Sq. Ft.
$192 / Sq. Ft.
2,864
Sq. Ft.
$192
per Sq. Ft.
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Description

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...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.
  1. Listed by Pemberton RE

Property Details for 31487 Malbay Road

View
Panoramic
Waterfront Features
Lake Front
Waterfront YN
Yes
Zoning Jurisdiction
Residential-Single Family
LISTING UPDATED: 05/11/2026 08:32 AM

Property Details for 31487 Malbay Road

StatusActive
MLS #7022500
Days on Compass22
Taxes$3,237 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family
Year Built2005
Lot Size13.44 AC / 585,446 SF
CountyItasca County
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Location

Listing Courtesy of Pemberton RE
Add your commute

Building Information for 31487 Malbay Road

Stories-Year Built2005Building Size-Lot Size13.44 AC / 585,446 SF

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$3,005 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,736

Property Taxes

$270

HOA Dues

$0

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Property Information for 31487 Malbay Road

Summary
Location and General Information
  • City Name: Cohasset
  • County Or Parish: Itasca
  • County: Itasca-MN
  • Directions: Head toward NW 4th St/Great River Rd 207 ft Turn right onto US-2 W/NW 4th St/Great River Rd Continue to follow US-2 W/Great River Rd 9.2 mi Turn right onto Itasca County Rd 88 1.5 mi Turn right onto Pincherry Rd 0.4 mi Turn left onto Malbay Rd Destination will be on the left 1.1 mi
  • Latitude: 47.331414
  • Longitude: -93.696929
  • Nbr of Acres: 223
  • Lake Bottom: Undeveloped
  • Lake Name: Natural Environment
  • PLAT: 0
  • Map Coordinate: 999-A1
  • City and Location: Cohasset
  • City and Location Text: Cohasset(MN)
  • Postal Code: 55721
  • State Or Province: MN
  • Public Survey Township: 56
  • Water Body Name: Stevens Lake (31071800)
  • Waterfront Footage: 31071800
  • Waterfront Descrip: 0-4
  • Waterfront Frontage: 418
Taxes and HOA Information
  • Additional Parcels: No
  • Association Fee: $.00
  • Association: No
  • Parcel Number: 640183104
  • Tax Annual Amount: $3,237.00
  • Tax Legal Description: LT 5 LYG S & W OF CO RD LESS REV DESC #2
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 3318
School Information
  • High School District: 318 - Grand Rapids
  • School District Number: 318
  • School District Phone: 2183275704
Property
Lot Information
  • Above Grade Fin SQFT: 2864.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 2864.0
  • Living Area Units: Square Feet
  • Lot Features: Accessible Shoreline, Tree Coverage - Medium
  • Lot Size Area: 13.44
  • Lot Size Dimensions: 418x934x886x1240
  • Lot Size Units: Acres
  • Other Structures: Guest House, Storage Shed
  • Present Use: Yearly
  • Property Attached: No
  • Property Sub Type: Single Family
  • Property Type: Residential
  • SQFT Main Total: 2864
  • Building Area Total: 2864.0
  • Above Grade SqFt Total: 2864
  • Below Grade SqFt Total: 0
Utilities
  • Sewer: Private Sewer
  • Water Source: Well
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Fully Wheelchair
  • Exterior Features: Vinyl
  • Fencing: None
  • Foundation Area: 2752.0
  • Foundation Details: Slab
  • Fuel: Propane
  • Pool Features: None
  • Patio Porch Type: Patio
Interior Features
  • Basement Type: None
  • Amenities Unit: Ceiling Fan(s),Kitchen Window,Main Floor Primary Bedroom,Natural Woodwork,Patio,Vaulted Ceiling(s),Washer/Dryer Hookup,Walk-In Closet
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total Count: 3
  • Bedrooms Total: 4
  • Fireplace Features: Amusement Room, Gas, Living Room
  • Fireplaces Total: 2
  • FireplaceYN: Yes
  • Cooling: Central Air
  • Dining Room Description: Informal Dining Room
  • DP Resource: Yes
  • Garage Dimensions: 23x23
  • Garage Square Feet: 529
  • Heating: Heat Pump, In-Floor Heating, Zoned
  • Laundry Features: Laundry Room
  • Levels: One
  • Room List: Family Room, Bedroom, Bedroom 4, Kitchen, Laundry, Living Room, Bedroom 2, Bedroom 3
  • Basement YN: No
Room Information
Room 1
  • Room Dimensions: 17x21.9
  • Room Level: Main
  • Room Type: Family Room
Room 2
  • Room Dimensions: 22.1x21.4
  • Room Level: Main
  • Room Type: Bedroom
Room 3
  • Room Dimensions: 10.9x10.1
  • Room Level: Main
  • Room Type: Bedroom 4
Room 4
  • Room Dimensions: 9.1x13.8
  • Room Level: Main
  • Room Type: Kitchen
Room 5
  • Room Dimensions: 9.5x8.2
  • Room Level: Main
  • Room Type: Laundry
Room 6
  • Room Dimensions: 24x12
  • Room Level: Main
  • Room Type: Living Room
Room 7
  • Room Dimensions: 14.11x22.1
  • Room Level: Main
  • Room Type: Bedroom 2
Room 8
  • Room Dimensions: 13.4x13.8
  • Room Level: Main
  • Room Type: Bedroom 3

Property History for 31487 Malbay Road

DateEvent & SourcePriceAppreciation
May 11, 2026

Listed (Active)

NorthStar #7022500

—
Apr 13, 2023

Sold

NorthStar #6323655

$500,000—
Mar 23, 2023

Pending

NorthStar #6323655

—
DateEvent & SourcePrice
05/11/2026

Listed (Active)

NorthStar #7022500

—
04/13/2023

Sold

NorthStar #6323655

$500,000
03/23/2023

Pending

NorthStar #6323655

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 31487 Malbay Road

Taxable ValueLand$65,600Additions$367,300Total$432,900
Tax Record2025$3,318 ($276 / month)
Home Facts
Beds4Total Finished SqFt2,864 SqFtAbove Grade Finished SqFt2,864 SqFtLot Size585,446 SqFtStyleSingle Family ResidenceYear Built2005CountyITASCAAPN64-018-3104Fireplace TypeHas Fireplace

Schools near 31487 Malbay Road

This home is within Grand Rapids Public School District.
Rating
School
Type
Grades
Distance
Cohasset Elementary School
Public - K to 5
Robert J. Elkington Middle School
Public - 6 to 8
Grand Rapids Senior High School
Public - 9 to 12
Forest Lake Elementary School
Public - K to 4
Rating
School
Distance
Cohasset Elementary School
PublicK to 5

Robert J. Elkington Middle School
Public6 to 8

Grand Rapids Senior High School
Public9 to 12

Forest Lake Elementary School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 31487 Malbay Road, Cohasset, MN 55721

31487 Malbay Road is a single family home for sale in Cohasset, MN 55721. This property was listed for sale on May 11, 2026 by Pemberton RE, it's currently listed at $549,000. It has been on the market for a total of 22 days and was last sold on April 13, 2023. This listing's school district is Grand Rapids Public School District. Nearby schools include Cohasset Elementary School, Robert J. Elkington Middle School and Grand Rapids Senior High School. 31487 Malbay Road is a 4-bed, 3-bath, 2,864 sqft single family home built in 2005.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Pemberton RE

Based on information submitted to the MLS GRID as of 05/11/2026 08:32 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.