Positioned on nearly 5 private acres with 156 feet of sandy shoreline on Dowling Lake, this custom-built 5-bedroom, 3-bath lodge offers an exceptional investment opportunity. Boasting over 3,600 finished square feet and a layout designed to host large groups, the property has a strong track record as a short-term rental, consistently grossing over $130,000+ annually. The main level features an open-concept floor plan with vaulted ceilings and a stunning lake-view living room centered around a reclaimed brick wood-burning fireplace. A spacious chefs kitchen with handcrafted cabinetry and a commercial-grade stove flows into a formal dining area with direct access to the wraparound porch. Upstairs, the five bedrooms include a luxurious primary suite with a jacuzzi tub, walk-in closet, and an adjoining nursery or dressing room. The home also includes a main-level den (or sixth sleeping area), laundry, and a half bath. Two detached garages offer added functionalityone is fully insulated and heated (currently used as a game room), while the other includes an oversized footprint with an unfinished loft, ideal for future expansion. Located just 30 minutes from Duluth and under 15 minutes from Superior, this lakeside lodge blends rustic elegance, privacy, and dependable cash flow. With 20% down on a 30-year fixed mortgage, investors can expect to net $30,000 to $40,000 annually, depending on management structure and occupancymaking this a turn-key addition to any vacation rental portfolio.

This is an Active listing.

Broker Office Phone Number: 952-829-2900

Copyright © 2025Lake Superior Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.