Lake Vermilion Real Estate

The Lake Vermilion area real estate market also has abundant inventory in the vacant land category.  In addition to the lakeshore market’s 862 listings (see below), the land segment of our area market currently has 720 properties offered for purchase.  This group is priced from $2,500 to $2,900,000.  There may be a few parcels that are not in a rural setting.  Lot sizes vary from less than an acre to 481 acres.

Again, the total group is sorted by asking price from lowest to highest and linked into groups of 250 each:

$2,500 to $45,000

$45,000 to $119,500

$119,900 to $2,900,000

Let me know if anything catches your eye.  (I’m not sure how long the links will remain valid.)

The Lake Vermilion area real estate market now offers 862 lakeshore listings scattered among countless Northeastern Minnesota lakes.  Here’s some study material for you Buyers who like to shop and compare.  This list is sorted by asking price, lowest to highest, $13,999 to $2,900,000 and includes lakes from the Grand Rapids area, to the International Falls area, to the Ely area and beyond.

View the entire selection here in groups of 250 each:

$13,999 to $145,900

$148,000 to $264,900

$265,000 to $499,000

$499,000 to $2,900,000

Let me know if anything catches your eye.  (I’m not sure how long the links will remain valid.)

The questions always come up at some point during the summer months.

How’s the Lake Vermilion water level? How much does the water level vary throughout the year? Is it low or high for this time of year?

The short answer to all of the above is that Lake Vermilion is a very stable lake.  Historically, the lake has only varied 3.25 feet since water depths have been recorded.

The Minnesota Department of Natural Resources can verify the variation.

Bankrate.com has a few interesting articles about home purchase and ownership in their “most popular” section. They are…

1)  6 Steps to Making the Best Home Price Bid
2)  Poll:  Few Homeowners Regret Purchase
3)  Mortgage Rates Keep Falling

The Fourth of July is the holiday to spend at the lake. I hope to see you there!

There will be more local real estate opportunities coming after the long weekend so take some time off and we’ll see you back here soon.