Lori Gustafson

5140 Lakewood Road

Duluth, MN
$ 1,695,000 Beds 3 Baths 4 Sq 3,958 Virtual Tour
Monthly Estimate* How much can I afford?

It’s not often a home of this caliber becomes available. Purposefully designed and built with uncompromising quality, this custom residence showcases exceptional craftsmanship, high-end materials, and a level of detail rarely seen. Every aspect of the home was thoughtfully planned to balance efficiency, flexibility, and elevated everyday living. A dedicated office/business suite with its own private entry allows for a true separation of professional and personal space—ideal for client-facing work or remote professionals. An attached ADU provides additional versatility, offering a private space for guests, extended family, or multi-generational living. Expansive windows frame the surrounding Northshore landscape and flood the home with natural light, creating a seamless connection between indoor comfort and the outdoors. The elevated deck enhances this experience, offering a refined outdoor living space designed to take full advantage of the private setting. The main residence features 2 bedrooms and 3 bathrooms, including a bathroom on each level with custom tile finishes, along with a 2-car garage equipped with multiple EV chargers for modern convenience. The thoughtfully integrated ADU includes 1 bedroom and 1 bathroom, completing a layout that is both functional and highly adaptable. Additional highlights include a dedicated RV parking space with power hook-up ! This is more than a home—it’s a carefully engineered living environment that supports modern lifestyles without compromise. A rare opportunity to own a truly distinctive property where quality, design, and setting come together seamlessly.

Single Family

  • Price
  • $ 1,695,000
  • City
  • Duluth
  • Bedrooms
  • 3
  • Full Bathrooms
  • 4
  • County
  • SAINT LOUIS
  • Half Bathrooms
  • 0
  • Area
  • Lakewood Town Of
  • Lot Size
  • 10 Acres
  • Zip
  • 55804
  • Sqr Footage
  • 3,958
  • Year Built
  • 2023
  • Taxes
  • $ 9010
  • Style
  • Single Family
  • MLS#
  • 7060608
Listed By: Coldwell Banker Realty - Dulut
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 3958
Sewer Mound Septic,Septic System Compliant - Yes
Heating Baseboard,Boiler,Ductless Mini-Split,Fireplace(s),Radiant
Cooling Ductless Mini-Split
Roof Age 8 Years or Less,Asphalt
Appliances Dishwasher,Dryer,Electric Water Heater,Microwave,Range,Refrigerator,Stainless Steel Appliances,Washer
Garage Spaces 2
Construction Materials Frame
Year Built 2023
Electric Circuit Breakers,200+ Amp Service
Levels More Than 2 Stories
Property Subtype Single Family
Tax Year 2026
Accessibility None
County St. Louis
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Lakewood Town Of
Other Structures Other
Full Baths 1
Directions Hwy 61 N to N on Lakewood Rd - House will be on Right
City Duluth
High School District Duluth
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 9010
Additional Parcels Y/N No
Virtual Tour https://wellcomemat.com/embed/54sndc208c371mlbr?mls=1
Standard Status Active
Lender Owned No
Amenities Unit Deck,Hardwood Floors,Kitchen Center Island,Patio,Washer/Dryer Hookup,Wet Bar
PostalCity Duluth

Interior Features

Basement None
Total Fireplaces 1
Fireplace Features Free Standing,Gas,Living Room
Basement (Y/N) No
Fireplace Y/N Yes
Above Grade Finished Area 3958
3/4 Baths 3
Laundry Features Electric Dryer Hookup,Laundry Room,Main Level,Washer Hookup
Total Bedrooms 3
Total Baths 4
Bath Desc Private Primary,Main Floor 3/4 Bath,Upper Level 3/4 Bath,Upper Level Full Bath
Dining Room Description Kitchen/Dining Room
Foundation Dimensions irr
Fuel Electric,Propane,Solar
Garage Dimensions 24x24
Garage Door Width 9
Garage Square Feet 645

Exterior Features

Parking Features Gravel,Electric,Electric Vehicle Charging Station(s),Finished Garage,Garage Door Opener,Heated Garage,Insulated Garage,Storage,Tuckunder Garage
Lot Features Tree Coverage - Heavy
Water Source Drilled,Well
Lot Size Area 10
Building Area Total 3958
Lot Dimensions 330x1325
Waterfront Y/N No
Foundation Area 2005
Road Frontage Type County Road,Paved Streets
Road Responsibility Public Maintained Road

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

4/29/2026 Listed $1,799,000
6/3/2026 6% - $1,695,000

Property vs Zip Code Average in 55804

Price
AVG $980K
$1.7M
Taxes
AVG $6,807
$9,010
Year Built
AVG 1963
2023
Visits
AVG 30
105
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

5140 Lakewood Road Duluth, MN is a Single Family Home for sale at $1695000 with 3958 sqft and a lot size of 10 Acres Acre(s). 5140 Lakewood Road Duluth has 3 bedrooms, 4 baths and was built in 2023. The property's zip code is 55804 which is in Duluth, 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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