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31336 & 31338 Rasmussen Road, 
Pequot Lakes, MN 56472

$899,900


3

Beds


4

Baths


2,600

Sq Ft


Single Family

Active

Listed by

Brian Wallin

Black Bear Real Estate

218-839-4926

Last updated:

June 4, 2026, 12:10 PM

MLS#

7083459

Source:

NSMLS

About This Home

31336 & 31338 Rasmussen Road

Experience the perfect blend of luxury, functionality, and income potential with this one-of-a-kind barndominium situated on 2.4 private acres within walking distance from Pequot Lakes and the Paul Bunyan Trail. Designed for comfortable single-level living, this meticulously crafted 3-bedroom, 4-bathroom home features accessibility-friendly 3-foot doorways, quality 2x6 construction, a durable block foundation with slab, and an open-concept floor plan filled with natural light from oversized windows. The heart of the home showcases a stunning wood-vaulted ceiling, custom cabinetry throughout, quartz countertops, and an impressive 13-foot center island ideal for gathering and entertaining. Relax by the wood-burning fireplace or retreat to the spacious office/den, perfect for working from home or creating a private getaway space. Car enthusiasts, hobbyists, and entertainers will appreciate the extraordinary 45' x 70' heated shop. Complete with a built-in bar, sauna, and separate his-and-hers bathrooms, this versatile space is designed for work and play. Two overhead doors—including a 14' x 14' door ideal for RV storage and an 8' x 16' garage door—provide exceptional flexibility. RV owners will love the dedicated 50-amp hookup with water, sewer, and indoor dump access. Adding even more value, the property includes a separate one-level guest house currently generating $1,900 per month in rental income. This highly flexible residence can function as a single 3-bedroom, 2-bath home or as two separate rental units. One side features 2 bedrooms, a living room, full kitchen, bathroom, and laundry. The other side offers 1 bedroom, a living room, kitchen. You'll also find beautiful pine wood flooring that has been newly refinished A locking door between the units allows owners to easily configure the space as one residence or two independent living areas. Whether used for multi-generational living, Airbnb rentals, long-term tenants, or guest accommodations, the possibilities are endless. At current rental rates, the guest house generates approximately $22,800 annually, helping offset mortgage costs while providing excellent investment potential. Recent improvements include a new roof installed in 2024, along with updated heating and central air conditioning in 2025. An additional detached two-stall garage provides even more storage and parking options. There may also be potential to split the guest house and garage from the main property, creating future investment opportunities. Whether you're seeking a private residence, income-producing property, hobby retreat, or all three, this exceptional offering delivers unmatched versatility, quality craftsmanship, and endless possibilities.

Home Facts

Single Family

4 Baths

3 Bedrooms

Built in 2020

Price Summary

899,900

$346 per Sq. Ft.

MLS #:

7083459

Last Updated:

June 4, 2026, 12:10 PM

Added:

7 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

2

Interior

Living Area:

2,600 Sq. Ft.


Structure

Structure

Building Area:

2,600 Sq. Ft.

Year Built:

2020


Lot

Lot Size (Sq. Ft):

107,157


Finances & Disclosures

Finances

Price:

$899,900

Price per Sq. Ft:

$346 per Sq. Ft.

Source:NSMLS
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is 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.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.