$1,100,000
Turnkey lake house with two-slip dock
3 bd3 ba
1,950 sqft
220 ft shore
Single-slip stationary
$5,000/ft
Turnkey lake house with two-slip dock on Mille Lacs Lake. Roughly 80 feet of owned shoreline on 3.4 acres, with 4 bedrooms across 1,750 square feet. Covered boathouse. Water clarity on Mille Lacs Lake averages around 8 feet and the lake is classified stable for water level. Dock and shoreline work fall under MN DNR. This is a sample listing used to demonstrate the platform.
| Down payment | $220,000 |
| Closing costs (est. 2.4%) | $26,400 |
| Septic inspection & pump | $850 |
| Water quality testing | $400 |
| Waterfront home inspection | $800 |
| Survey (shoreline frontage) | $1,200 |
| Total | $249,650 |
| Principal & interest | $69,548 |
| Property taxes | $14,679 |
| Hazard insurance | $4,620 |
| Flood insurance | $3,240 |
| Utilities | $2,400 |
| Maintenance reserve (1.1%) | $12,100 |
| Septic service | $520 |
| Well & water testing | $260 |
| Dock maintenance | $900 |
| Winterization / seasonal close | $750 |
| Shoreline / seawall reserve | $480 |
| Total | $109,497 |