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Discover an incredible opportunity to own an affordable mainland lot on sought after Lake Vermilion in the heart of beautiful Northern MN. Whether you're dreaming of building the perfect lake home or cabin, or simply parking your RV & enjoying the lake lifestyle, this property offers endless possibilities. Building pad and dock on site. Ideally located just 7 miles from town & 3 miles from Fortune Bay Casino & golf, you'll enjoy easy access to miles of hiking/biking/ATV & snowmobile trails, making it a true four season destination. Spend your days boating to lakeside restaurants, fishing one of Minnesota's premier lakes, with it's 365 islands & 1200 miles of shoreline, & relaxing around your own lakeside fire pit. Affordable mainland lots on Lake Vermilion are rare, especially in this price range. Don't miss your chance to secure your own piece of one of Minnesota's most desirable lakes before it's gone! Seller will accept a short term CFD this year or a closing in 2027.

Highlights

  • Land
  • 0.64 Acre Lot
  • Waterfront
  • 98 days on Market


  • Acres
    0.64
  • Lot Features
    Rolling Slope, Level, Waterfront
  • Water Front Features
    Lake Front
  • Water Front
    Yes
  • View
    Lake
  • Utilities
    Electricity Available, None

  • County
    St. Louis
  • City
    Tower
  • Neighborhood
    Sacred Heart Of Jesus Beach 1st Add
  • Zip Code
    55790

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Frequently Asked Questions

How do I schedule a tour of TBD Lagoon Rd?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to TBD Lagoon Rd.

They know lands in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about TBD Lagoon Rd?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $249,000. We can talk through recent upgrades, potential seller motivation, how this land compares to others in Tower, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for TBD Lagoon Rd?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for TBD Lagoon Rd at around $1,455. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy TBD Lagoon Rd?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in St. Louis County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for TBD Lagoon Rd?

In most cases, yes. Whether TBD Lagoon Rd is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Tower's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on TBD Lagoon Rd?

We can handle that for you. Our preferred local agent specializes in lands in Tower and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

TBD Lagoon Rd was listed on August 03, 2026, which means it's been on the market for 98 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

What is the lot size of this property?

TBD Lagoon Rd sits on a 0.64-acre lot, which is 27,878 square feet.

What are the property taxes for TBD Lagoon Rd?

The most recent public record shows annual property taxes for TBD Lagoon Rd were approximately $460. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is TBD Lagoon Rd still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information submitted to the MLS GRID as of November 09, 2026 at 09:55AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: November 09, 2026 at 09:55AM | Source: NorthstarMLS | MLS#: 7114343

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