4892 Highway 61

Silver Bay, MN 55614

$450,000
Price
5
Beds
2,208 Sq. Ft.
$204 / Sq. Ft.
2,208
Sq. Ft.
$204
per Sq. Ft.

Description

Surrounded by breathtaking beauty, a unique opportunity awaits to own a versatile piece of commercially zoned real estate along Lake Superior’s North Shore in Beaver Bay. Tucked just inland from the shoreline, it features a solid home ready for thoughtful updates, a two-stall garage, an additional slab awaiting a new home or outbuilding, two septics and two wells, and a large pole barn perfect for storage, a workshop, or creative ventures. Whether you envision a comfortable year-round residence,...Surrounded by breathtaking beauty, a unique opportunity awaits to own a versatile piece of commercially zoned real estate along Lake Superior’s North Shore in Beaver Bay. Tucked just inland from the shoreline, it features a solid home ready for thoughtful updates, a two-stall garage, an additional slab awaiting a new home or outbuilding, two septics and two wells, and a large pole barn perfect for storage, a workshop, or creative ventures. Whether you envision a comfortable year-round residence, a peaceful weekend escape, an income-producing rental, or other business venture, this property provides a strong foundation to bring your vision to life. Located in one of Minnesota’s most desirable regions, this property provides convenient access to pristine state parks such as Gooseberry Falls and Split Rock Lighthouse, as well as the renowned Superior Hiking Trail. Just steps away, the charming local shops and unique character of Beaver Bay add to the area’s appeal. No matter what your vision is, you will discover an excellent opportunity to embrace the North Shore lifestyle.

Property Details for 4892 Highway 61

Architectural Style
Traditional
View
Panoramic
Waterfront YN
No
LISTING UPDATED: 10/12/2025 08:01 PM

Property Details for 4892 Highway 61

StatusActive
MLS #6122410
Days on Compass65
Taxes$1,796 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Detached
Year Built1948
Lot Size3.23 AC / 140,698 SF
CountyLake County

Location

Listing Courtesy of Adolphson Real Estate
Add your commute

Building Information for 4892 Highway 61

Stories2Year Built1948Building Size-Lot Size3.23 AC / 140,698 SF

Payment Calculator

$2,373 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,224

Property Taxes

$150

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4892 Highway 61

Summary
Location and General Information
  • Directions: Hwy. 61 to 4892 Hwy. 61 N., turn right to home on left.
  • Latitude: 47
  • Longitude: -91
  • MLSArea Major: LSAR
  • Road Frontage Type: Highway
Parking
  • Garage Spaces: 2.0
  • Garage Type: Detached
School Information
  • High School District: Lake Superior #381
Taxes and HOA
  • Association YN: No
  • Parcel Number: 26-5507-07310, 26-5507-07350
  • Tax Annual Amount: $1,796.00
  • Tax Legal Description: 26-5507-07350: SEC 7-2 of TWP 55 RGE 07 of E 100 FT of W 185.5 FT of S 100 FT of N, 26-5507-07310: SEC 7-2 of TWP 55 RGE 07 of that part of GOV LOT 2 LYING N of A LINE DESC
  • Tax Year: 2025
Property
Lot Information
  • Above Grade Finished Area: 1104.0
  • Below Grade Finished Area: 1104.0
  • Living Area: 2208.0
  • Lot Size Acres: 3.23
  • Lot Size Dimensions: 3.23 acres, irregular
  • Basement Square Feet: ***
  • Construction Type: Concrete Block,Frame/Wood
  • Foundation Dimensions: 30 x 38
  • Other Structures: Pole Building
Property and Assessments
  • Development Status: Previously Owned
  • Land Access: ***
  • Possession: Close Escrow
  • Property Sub Type: Single Family Detached
  • Property Type: Residential
  • Year Built: 1948
Utilities
  • Sewer: Mound Septic
  • Water Source: Shared, Drilled
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Wood
  • Foundation Details: N/A
  • Roof: Asphalt Shingle
  • Stories Total: 2
Interior Features
  • Appliances: Dryer, Range, Refrigerator, Washer
  • Basement: None
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 1
  • Bathrooms Three Quarter: 1
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 5
  • Fireplace YN: No
  • Heating: Propane
  • Bath Description: 1/4 Main Floor
  • Main Floor Bedroom: 0
Agent
Agent Information
  • Listing Agent Primary Office: ***
Sale and Listing
  • Auction: No
  • Auction End Date: ***
  • LVTDate: 2025-10-10
  • Management Company: ***
  • Management Company Phone Email: ***
  • Power Company: Coop Power & Light
  • Transaction Type: For Sale
Rental
Rent Information
  • Leased Land: Owned
  • Lender Owned: No

Property History for 4892 Highway 61

DateEvent & SourcePriceAppreciation
Oct 10, 2025

Listed (Active)

Lake Superior Area REALTORS #6122410

$450,000—
DateEvent & SourcePrice
10/10/2025

Listed (Active)

Lake Superior Area REALTORS #6122410

$450,000

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

Public Records for 4892 Highway 61

Taxable ValueLand$29,600Additions$209,600Total$239,200
Tax Record2025$1,422 ($118 / month)
Home Facts
Beds3Total Finished SqFt1,200 SqFtAbove Grade Finished SqFt1,200 SqFtStories2Lot Size10,019 SqFtStyleSingle Family ResidenceYear Built1948Year Renovated1970CountyLAKEAPN26-5507-07350Fireplace TypeHas Fireplace

Schools near 4892 Highway 61

This home is within Lake Superior Public School Dist..
Rating
School
Type
Grades
Distance
William Kelley Elementary School
Public - PK to 6
Kelley Secondary
Public - 7 to 12
Rating
School
Distance
William Kelley Elementary School
PublicPK to 6

Kelley Secondary
Public7 to 12

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 4892 Highway 61, Silver Bay, MN 55614

4892 Highway 61 is a single family home for sale in Silver Bay, MN 55614. This property was listed for sale on October 10, 2025 by Adolphson Real Estate, it's currently listed at $450,000. This listing's school district is Lake Superior Public School Dist.. Nearby schools include William Kelley Elementary School and Kelley Secondary. 4892 Highway 61 is a 5-bed, 3-bath, 2,208 sqft single family home built in 1948.

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 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.

Listing Courtesy of Adolphson Real Estate

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 10/12/2025 08:01 PM