38274 County Highway 44, Richville, MN 56576

Overview

Description

Located in famous Otter Tail Lakes Country, Sunset Bay Resort is a traditional family resort offering both cabin rental & camping. This beautiful property has 550 feet of sandy shoreline & 15 acres of nicely wooded grounds. Income streams include 10 cabins, 7 RV sites & boat/pontoon rental. 8 of the cabins are just steps from the lake with panoramic sunset views. The current owners take great pride in ownership & have spent their years regularly updating & improving the resort & guest experience, which has resulted in a strong repeat business of satisfied guests. Onsite boat launch, game room, fish cleaning house, guest laundry, shower house, small store, ample storage & a spectacular swimming beach compliment the operation. The owner’s home is on site & in a private setting. Newly built in 2019 with stick construction, this beautiful home has 1330 sq ft of comfortable living space. Strong financials show yearly income growth with room for additional income growth. Don't miss this one!

General Property Information

Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 25
Owner Occupied: Yes
Road Btwn WF & Home?: No
Waterfront Frontage: 725
Waterfront Present: Yes
Year Built: 1955
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 9979
Garage Stalls: 2
Lake/Waterfront Name: Dead Lake (56038300)
For Sale or Lease: For Sale
Acres: 15
Lot Dimensions: 866x649x1307x163x725
Assessment Pending: No

Property Features

Accessible: Other CMU Style: Business Opportunity; Resort Construction Status: Previously Owned Current Use: Resort Elevation Highpoint to Waterfront Slope: Level Exterior: Wood Financing Terms: ARM/GPM Fuel: Electric; Propane Heating: Forced Air; Space Heater Lake Details: Reeds; Sand On Site Utilities: Electric Common; Heating Separate; Hot Water Separate Rental License Type: Standard Sewer: Private Sewer Water: Well Waterfront View: North; West

Contract Information

Off Market Date: 2023-02-10
Closed Date: 2023-03-31
Sales Close Price: 2200000
Contingency: None
ListPrice: 2350000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 38274
Street Name: County Highway 44
Postal City: Richville
County: Otter Tail
State: MN
Zip Code: 56576

Additional Parcels Information

Property ID #2: 14000160135000

Assessments

Tax With Assessments: 8850
Assessment Balance: 0

More Information

Building Information

Building Finished SqFt: 9858
Building SqFt: 11694

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet: 0-4

Lake Details

Lake Acres: 7545
Lake Depth: 65
Reeds: Yes
Sand: Yes

Lease Details

Land Leased: Not Applicable
Monthly Land Lease Amt: 0

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 40
Section#: 16
Township#: 135

Sale Options

Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Land

Unit 1

No. of 1 Bedroom Units: Yes

Unit 2

No. of 2 Bedroom Units: 4

Unit 3

No. of 3 Bedroom Units: 5

Unit Details

Total Units: 11

Unit Information

No. of Efficiency Units: Yes

Office/Member Info

Association: GLAR
MLSID: RMLS

Location, Tax and Other Information

Listing City: Richville
Map Page: 999
Municipality: Richville
Rental License?: Yes
School District: Perham-Dent
School District Phone: 218-346-4501
Map Coordinate Source: RETS
DNR Lake ID#: 56038300
DNR Lake Classification: Natural Environment
Lake Chain: N
Zip Plus 4: 9624
Property ID Number: 14000160135001
Tax Year: 2021
Tax Amount: 8338
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Located in famous Otter Tail Lakes Country, Sunset Bay Resort is a traditional family resort offering both cabin rental & camping. This beautiful property has 550 feet of sandy shoreline & 15 acres of nicely wooded grounds. Income streams include 10 cabins, 7 RV sites & boat/pontoon rental. 8 of the cabins are just steps from the lake with panoramic sunset views. The current owners take great pride in ownership & have spent their years regularly updating & improving the resort & guest experience, which has resulted in a strong repeat business of satisfied guests. Onsite boat launch, game room, fish cleaning house, guest laundry, shower house, small store, ample storage & a spectacular swimming beach compliment the operation. The owner’s home is on site & in a private setting. Newly built in 2019 with stick construction, this beautiful home has 1330 sq ft of comfortable living space. Strong financials show yearly income growth with room for additional income growth. Don't miss this one!
Directions: Turn West on Cty Hwy 14 from MN Hwy 78, Approx. 4.5 miles, turn West onto Cty Hwy 44, Approx. 3 miles will be on the left.

Accessible

Other: Yes

Construction Status

Previously Owned: Yes

Elevation Highpoint to Waterfront Slope

Level: Yes

Exterior

Wood: Yes

Financing Terms

ARM/GPM: Yes

Fuel

Electric: Yes
Propane: Yes

Heating

Forced Air: Yes
Space Heater: Yes

Lake/Waterfront

Lake Front: Yes

Rental License Type

Standard: Yes

Sewer

Private Sewer: Yes

Water

Well: Yes

Waterfront View

North: Yes
West: Yes

On Site Utilities

Electric Common: Yes
Heating Separate: Yes
Hot Water Separate: Yes

CMU Style

Business Opportunity: Yes
Resort: Yes

Current Use

Resort: Yes