Lori Gustafson

7228 Mercer Island

Cook, MN
$ 1,900,000 Beds 1 Baths 1 Sq 1,860 Virtual Tour
Monthly Estimate* How much can I afford?

Escape to your very own private & exceptional 7+ acre island nestled in the heart of Lake Vermilion's Frazer Bay. This exclusive property boasts a wealth of features that promise a truly extraordinary lakeside experience. Embrace the distinctive architectural charm of three stunning "Baker" Dome cabins, each offering a unique and cozy living space. Accommodate family & friends with ease in a spacious 1 BR guest cabin (with kitchen), plus a charming 1 BR bunkhouse, wet boathouse, & original icehouse! All buildings have new roofs! Hike along the picturesque walking trail with boardwalks, that encircles the island, providing enchanting views & moments of serenity plus a natural sand beach! Convenience is key, & this property offers a rare mainland access including another boathouse! This property promises a lifetime of cherished memories. First time on the market!

Single Family

  • Price
  • $ 1,900,000
  • City
  • Cook
  • Bedrooms
  • 1
  • Full Bathrooms
  • 1
  • County
  • SAINT LOUIS
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 7 Acres
  • Zip
  • 55723
  • Sqr Footage
  • 1,860
  • Year Built
  • 1981
  • Taxes
  • $ 6250
  • Style
  • Single Family
  • MLS#
  • 6813812
Listed By: Vermilion Land Office, Inc.
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1860
Sewer Private Sewer
Heating Baseboard
Cooling Wall Unit(s)
Roof Asphalt,Rubber
Appliances Dishwasher,Microwave,Range,Refrigerator,Washer
Construction Materials Frame
Year Built 1981
View Bay,Lake,Panoramic
Levels One and One Half
Property Subtype Single Family
Tax Year 2025
Waterfront Features Lake Front
Accessibility None
Additional Parcels Description 387043036550
County St. Louis
New Construction No
Property Type Residential
HOA No
Contingency None
Directions Via boat from Frazer Bay Public Land,Shamrock Marina or the private access land across from Mercer Island.
City Cook
High School District St. Louis County
Zoning Description Shoreline,Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 6250
Additional Parcels Y/N Yes
Virtual Tour https://player.vimeo.com/video/959629764?badge=0&autopause=0&player_id=0&app_id=58479
Standard Status Active
Lender Owned No
PostalCity Cook

Interior Features

Basement None
Basement (Y/N) No
Above Grade Finished Area 1860
3/4 Baths 1
Total Bedrooms 1
Total Baths 1
Bath Desc Main Floor 3/4 Bath,Upper Level 3/4 Bath
Dining Room Description Breakfast Bar,Separate/Formal Dining Room
Foundation Dimensions 39x58
Fuel Electric
Waterfront Feet 2880

Exterior Features

Parking Features Other
Lot Features Accessible Shoreline,Island/Peninsula
Water Source Private
Lot Size Area 7
Building Area Total 1860
Lot Dimensions 486x1080
Waterfront Y/N Yes
Foundation Area 1478
Road Frontage Type None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

11/4/2025 Listed $1,900,000

Property vs Zip Code Average in 55723

Price
AVG $760K
$1.9M
Taxes
AVG $4,830
$6,250
Year Built
AVG 1986
1981
Visits
AVG 32
84
Data Provided by Inside Real Estate®

Areas That We Cover

7228 Mercer Island Cook, MN is a Single Family Home for sale at $1900000 with 1860 sqft and a lot size of 7 Acres Acre(s). 7228 Mercer Island Cook has 1 bedrooms, 1 baths and was built in 1981. The property's zip code is 55723 which is in Cook, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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