28654 Grozys Point Road, Pengilly, MN 55775

$429,900
Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,728 Lot Size (sq. ft.): 56,192 Status: Active
Current Price: $429,900 List Date: 3/16/2026 Last Modified: 5/07/2026

Overview

Description

After more than 50 years on beautiful Swan Lake, the family has decided to sell their beloved 4 bedroom/2 bath "B On The Lake" year-round homestead located on Grozy's Point Rd. Grozy's Point is a well-known landmark on Swan Lake, and this is your chance to own this special 1.29 acre property with privacy galore and an iconic address. Here you'll find a mix of vintage charm, timely updates, a well-designed living space lovingly maintained, with an incredible lake view. Two of the four bedrooms have sliding glass doors that open to a deck on the upper level - what a way to start and end each day! The main level attached, heated sunroom (with windows on 3 sides) has a Vermont Castings gas stove; it's easy to enjoy the outdoors here no matter the weather. Both garages have 240V/50amp electrical service, so bring on the power tools! When it's time for loved ones to gather, this home will be the chosen spot over and over again, with room for tents, campers, yard games, kids, friends, family, pets... or solitude surrounded by woods, water, and wildlife. Or if you're looking for an Airbnb property, this will suit you well. Your 108 feet of shoreline is perfect for docking your boat, kayaks, and personal watercraft - or floating, swimming, and fishing right from your own beach and dock. (That's right, the 72-foot-long dock and boat lift are included.) This property is move-in-ready but at a price point that leaves room for you to make it your own over time. If you have seen this home before, stop back in and look again. A new look and new price will have you planning your move-in date. Swan Lake spans more than 2600 acres and has 18 miles of shoreline. The legendary sandbar, the July Flotilla, walleye fishing, water sports, and a vibrant lakefront boat-in bar/restaurant are all waiting for you here, as well as an excellent 9-hole golf course nearby. PLUS Pengilly is home to a gas/convenience store, a liquor store/bait shop/pizza shop, community center, church, and another sports bar/restaurant. You can be as social as you want or enjoy the peace and quiet of your own lake home surrounded by woods, water, and wildlife. Be sure to read the Owner's Letter included in the photos, and then come home to Swan Lake.

Listing Details MLS# 7033898

General Property Information

# Carport Spaces
Yes
Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
2
Other Parking Spaces
8
Road Btwn WF & Home?
No
Waterfront Frontage
106
Waterfront Present
Yes
Year Built
1973
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
2
Main Floor Total SqFt
864
Above Grd Total SqFt
1728
Total SqFt
1728
Total Finished Sqft
1728.00
FireplaceYN
Yes
Lake/Waterfront Name
Swan
Style
(SF) Single Family
Foundation Size
864
Power Company
Lake Country Power
Garage Stalls
5
Lot Dimensions
100 x 555
Acres
1.29
Assessment Pending
No
Bath Three Quarters
0
Bath Half
0
Bath Quarter
0
Below Grd Total SqFt
0
Association Fee
0

Property Features

Accessible: Other Air Conditioning: Central Air Appliances: Dryer; Freezer; Fuel Tank - Owned; Range; Refrigerator; Washer Basement: None Bath Description: Main Floor Full Bath; Upper Level Full Bath Construction Status: Previously Owned Electric: 200+ Amp Service Existing Financing: Free and Clear Exterior: Vinyl Fireplace Characteristics: Gas Burning; Wood Burning Foundation: Concrete Block Fuel: Electric; Propane; Wood Heating: Baseboard; Forced Air Lake Details: Sand Laundry: Laundry Room Lock Box Type: Combo Lot Description: Accessible Shoreline; Tree Coverage - Medium Outbuildings: Additional Garage; Other Parking Characteristics: Multiple Garages; Carport; Garage Door Opener; Heated Garage; Insulated Garage; Storage Road Frontage: Private Road Road Responsibility: Private Maintained Road Roof: Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; VA Sewer: Other Stories: Two Water: Drilled Waterfront View: East

Contract Information

Contingency
None
Original List Price
429900
ListPrice
429900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
28654
Street Name
Grozys Point
Street Suffix
Road
Postal City
Pengilly
County
Itasca
State
MN
Zip Code
55775
Complex/Dev/Subdivision
Auditors Sub 36

Assessments

Assessment Installment
81
Tax With Assessments
3298
Assessment Balance
0

Basement

Foundation Dimensions
24 x 36
None
Yes

More Information

Building Information

Finished SqFt Above Ground
1728

Lake Details

Lake Acres
2455
Lake Depth
65
Sand
Yes

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
576
Multiple Garages
Yes
Carport
Yes
Garage Door Opener
Yes
Heated Garage
Yes
Insulated Garage
Yes
Storage
Yes

Public Survey Info

Range#
22
Section#
32
Township#
56

Office/Member Info

Association
ICBR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
AUDITORS SUBDIVISION NUMBER 36 LOT 3
Listing City
Pengilly
Map Page
999
Municipality
Lone Pine Twp
School District
Nashwauk-Keewatin
School District Phone
218-247-7306
DNR Lake ID#
31006700
DNR Lake Classification
Not Applicable
Zip Plus 4
2143
Property ID Number
254200030
Tax Year
2025
Tax Amount
3217
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
After more than 50 years on beautiful Swan Lake, the family has decided to sell their beloved 4 bedroom/2 bath "B On The Lake" year-round homestead located on Grozy's Point Rd. Grozy's Point is a well-known landmark on Swan Lake, and this is your chance to own this special 1.29 acre property with privacy galore and an iconic address. Here you'll find a mix of vintage charm, timely updates, a well-designed living space lovingly maintained, with an incredible lake view. Two of the four bedrooms have sliding glass doors that open to a deck on the upper level - what a way to start and end each day! The main level attached, heated sunroom (with windows on 3 sides) has a Vermont Castings gas stove; it's easy to enjoy the outdoors here no matter the weather. Both garages have 240V/50amp electrical service, so bring on the power tools! When it's time for loved ones to gather, this home will be the chosen spot over and over again, with room for tents, campers, yard games, kids, friends, family, pets... or solitude surrounded by woods, water, and wildlife. Or if you're looking for an Airbnb property, this will suit you well. Your 108 feet of shoreline is perfect for docking your boat, kayaks, and personal watercraft - or floating, swimming, and fishing right from your own beach and dock. (That's right, the 72-foot-long dock and boat lift are included.) This property is move-in-ready but at a price point that leaves room for you to make it your own over time. If you have seen this home before, stop back in and look again. A new look and new price will have you planning your move-in date. Swan Lake spans more than 2600 acres and has 18 miles of shoreline. The legendary sandbar, the July Flotilla, walleye fishing, water sports, and a vibrant lakefront boat-in bar/restaurant are all waiting for you here, as well as an excellent 9-hole golf course nearby. PLUS Pengilly is home to a gas/convenience store, a liquor store/bait shop/pizza shop, community center, church, and another sports bar/restaurant. You can be as social as you want or enjoy the peace and quiet of your own lake home surrounded by woods, water, and wildlife. Be sure to read the Owner's Letter included in the photos, and then come home to Swan Lake.
Directions
From Hwy 169 between Grand Rapids and Hibbing, head south on Hwy 65 for 4.6 miles. Turn left on Cty Rd 12 for approximately 1.7 miles. Turn left on Grozy's Point Rd, driveway is about 400 ft down on the right.

Accessible

Other
Yes

Air Conditioning

Central Air
Yes

Appliances

Dryer
Yes
Freezer
Yes
Fuel Tank - Owned
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Bath Description

Main Floor Full Bath
Yes
Upper Level Full Bath
Yes

Construction Status

Previously Owned
Yes

Electric

200+ Amp Service
Yes

Existing Financing

Free and Clear
Yes

Exterior

Vinyl
Yes

Fireplace Characteristics

Gas Burning
Yes
Wood Burning
Yes

Foundation

Concrete Block
Yes

Fuel

Electric
Yes
Propane
Yes
Wood
Yes

Heating

Baseboard
Yes
Forced Air
Yes

Insurance Fee

Insurance Fee
0

Lake/Waterfront

Lake Front
Yes

Laundry

Laundry Room
Yes

Lock Box Type

Combo
Yes

Lot Description

Accessible Shoreline
Yes
Tree Coverage - Medium
Yes

Outbuildings

Additional Garage
Yes
Other
Yes

Patio, Porch and Deck Features

Deck
Yes

Road Frontage

Private Road
Yes

Road Responsibility

Private Maintained Road
Yes

Roof

Asphalt Shingles
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Sewer

Other
Yes

Stories

Two
Yes

Water

Drilled
Yes

Waterfront View

East
Yes

Room Information

Bonus Room Level: Upper Dining Room Level: Main Kitchen Level: Main Laundry Level: Main Living Room Level: Main
Listing Office: MN DIRECT PROPERTIES
IDX
Last Updated: May - 07 - 2026
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