5241 Rieder Memorial Dr

3,439 Sq. Ft.
$140 / Sq. Ft.
3,439
Sq. Ft.
$140
per Sq. Ft.

Description

Located just off the shore of Lake Superior on Minnesota’s renowned North Shore, this 5-bedroom, 4-bath log home sits on 20 acres of fully wooded privacy with no neighbors in sight and offers multiple main-floor living spaces, vaulted ceilings, natural woodwork, timber construction, and two wood-burning fireplaces, plus a walkout lower level with additional living space. A major bonus is the 840 sq ft seasonal guest quarters above the detached 30x28 garage, featuring an open layout, its own wood-burning...Located just off the shore of Lake Superior on Minnesota’s renowned North Shore, this 5-bedroom, 4-bath log home sits on 20 acres of fully wooded privacy with no neighbors in sight and offers multiple main-floor living spaces, vaulted ceilings, natural woodwork, timber construction, and two wood-burning fireplaces, plus a walkout lower level with additional living space. A major bonus is the 840 sq ft seasonal guest quarters above the detached 30x28 garage, featuring an open layout, its own wood-burning fireplace, and a 3/4 bath—ideal for guests or studio use. The property also includes a sauna, covered porch, large deck areas, and level forested ground ideal for trails, recreation, and year-round outdoor use, all just minutes from Silver Bay, state parks, trail systems, and the outdoor amenities that define the North Shore.
  1. Listed by Daniel Pflugshaupt • Gallery of Homes
    P: (218)-839-7700 Dan@galleryofhomesmn.com

Property Details for 5241 Rieder Memorial Drive

Architectural Style
Log
Waterfront YN
No
LISTING UPDATED: 01/30/2026 07:01 PM

Property Details for 5241 Rieder Memorial Drive

StatusActive
MLS #6122974
Days on Compass79
Taxes$3,588 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Detached
Year Built1986
Lot Size20.00 AC / 871,200 SF
CountyLake County

Location

Listing Courtesy of Gallery of Homes
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Building Information for 5241 Rieder Memorial Drive

Stories1Year Built1986Building Size-Lot Size20.00 AC / 871,200 SF

Payment Calculator

$2,638 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,339

Property Taxes

$299

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5241 Rieder Memorial Drive

Summary
Location and General Information
  • Directions: From Hwy 61 in silver Bay: Left on Reider Memorial Dr to driveway on left just before cemetery. Follow driveway to Y and stay to right.
  • Latitude: 47
  • Longitude: -91
  • MLSArea Major: LSAR
Parking
  • Garage Spaces: 2.0
  • Garage Type: Detached
School Information
  • High School District: Lake Superior #381
Taxes and HOA
  • Association YN: No
  • Parcel Number: 26-5607-21620
  • Tax Annual Amount: $3,588.00
  • Tax Legal Description: S 660 FT OF SW1/4 OF SW1/4
  • Tax Year: 2025
Property
Lot Information
  • Above Grade Finished Area: 2439.0
  • Below Grade Finished Area: 1000.0
  • Living Area: 3439.0
  • Lot Size Acres: 20.0
  • Lot Size Dimensions: 20 acres
  • Basement Square Feet: ***
  • Construction Type: Log Home,Timber/Post & Beam
  • Foundation Dimensions: 28x52 15x17
Property and Assessments
  • Development Status: Previously Owned
  • Land Access: ***
  • Property Sub Type: Single Family Detached
  • Property Type: Residential
  • Year Built: 1986
Utilities
  • Sewer: Private Sewer
  • Water Source: Drilled
Interior and Exterior Features
Exterior Features
  • Construction Materials: Log
  • Foundation Details: Other
  • Stories Total: 1
Interior Features
  • Basement: Full
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 2
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 5
  • Fireplace Features: Multiple
  • Fireplaces Total: 3
  • Fireplace YN: Yes
  • Heating: Forced Air
  • Basement Features: Egress Windows,Finished,Walkout,Bath,Bedrooms,Family/Rec Room
  • Bath Description: Full Main Floor
  • Main Floor Bedroom: 1
Room Information
Room 1
  • RoomLength: 14.6
  • RoomLevel: Main
  • RoomType: Living Room
  • RoomWidth: 26.3
Room 2
  • RoomLength: 15.4
  • RoomLevel: Main
  • RoomType: Dining Room
  • RoomWidth: 19.3
Room 3
  • RoomLength: 15.5
  • RoomLevel: Main
  • RoomType: Family Room
  • RoomWidth: 18.6
Room 4
  • RoomLength: 9.6
  • RoomLevel: Main
  • RoomType: Kitchen
  • RoomWidth: 10.1
Room 5
  • RoomLength: 11.0
  • RoomLevel: Main
  • RoomType: Den/Office
  • RoomWidth: 14.8
Room 6
  • RoomLength: 12.7
  • RoomLevel: Main
  • RoomType: Bedroom
  • RoomWidth: 14.0
Room 7
  • RoomLength: 13.0
  • RoomLevel: Main
  • RoomType: Bedroom
  • RoomWidth: 11.9
Room 8
  • RoomLength: 13.8
  • RoomLevel: Upper
  • RoomType: Bedroom
  • RoomWidth: 12.8
Room 9
  • RoomLength: 12.9
  • RoomLevel: Upper
  • RoomType: Bedroom
  • RoomWidth: 17.1
Room 10
  • RoomLength: 22.0
  • RoomLevel: Lower
  • RoomType: Family Room
  • RoomWidth: 26.1
Room 11
  • RoomLength: 16.4
  • RoomLevel: Lower
  • RoomType: Bedroom
  • RoomWidth: 12.1
Agent
Agent Information
  • Listing Agent Primary Office: ***
Sale and Listing
  • Auction: No
  • Auction End Date: ***
  • LVTDate: 2025-11-19
  • Management Company: ***
  • Management Company Phone Email: ***
  • Power Company: Minnesota Power
  • Transaction Type: For Sale
Rental
Rent Information
  • Leased Land: Owned
  • Lender Owned: Yes

Property History for 5241 Rieder Memorial Drive

DateEvent & SourcePriceAppreciation
Jan 29, 2026

Price Change

Lake Superior Area REALTORS #6122974

$480,000
Dec 4, 2025

Price Change

Lake Superior Area REALTORS #6122974

$499,000
Nov 18, 2025

Listed (Active)

Lake Superior Area REALTORS #6122974

$525,000
Mar 16, 2012

Off Market

Lake Superior Area REALTORS #1527455

$425,000
Jul 7, 2009

Off Market

Lake Superior Area REALTORS #147320

$425,000
Jun 18, 2009

Listed (Active)

Lake Superior Area REALTORS #147320

$399,900
Jun 18, 2009

Listed (Active)

Lake Superior Area REALTORS #1527455

$399,900
DateEvent & SourcePrice
01/29/2026

Price Change

Lake Superior Area REALTORS #6122974

$480,000
12/04/2025

Price Change

Lake Superior Area REALTORS #6122974

$499,000
11/18/2025

Listed (Active)

Lake Superior Area REALTORS #6122974

$525,000
03/16/2012

Off Market

Lake Superior Area REALTORS #1527455

$425,000
07/07/2009

Off Market

Lake Superior Area REALTORS #147320

$425,000
06/18/2009

Listed (Active)

Lake Superior Area REALTORS #147320

$399,900
06/18/2009

Listed (Active)

Lake Superior Area REALTORS #1527455

$399,900

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

Schools near 5241 Rieder Memorial Drive

This home is within Lake Superior Public School Dist..
Rating
School
Type
Grades
Distance
Public - PK to 6
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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5241 Rieder Memorial Drive is a single family home for sale in Silver Bay, MN 55614. This property was listed for sale on November 18, 2025 by Gallery of Homes, it's currently listed at $480,000. This listing's school district is Lake Superior Public School Dist.. Nearby schools include William Kelley Elementary School and Kelley Secondary. 5241 Rieder Memorial Drive is a 5-bed, 4-bath, 3,439 sqft single family home built in 1986.

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.

Listing Courtesy of Gallery of Homes

Based on information submitted to the MLS GRID as of 01/30/2026 07:01 PM. 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.