Tucked behind a winding private drive and surrounded by 13.4 wooded acres, this exceptional one level lake home offers 418 feet of shoreline on Stevens Lake and a setting that feels like your own private retreat. Designed for comfort, convenience, and accessibility, this nearly 3,000 sq ft home features wheelchair accessible doorways and hallways throughout, creating true easy one level living. Expansive windows fill the home with natural light while showcasing stunning panoramic lake views year round. The spacious layout includes 4 bedrooms, 3 full baths, two separate living areas, and an open flow ideal for entertaining or everyday living. The primary suite offers two walk in closets and a spa style bath with a jetted tub. New luxury vinyl plank flooring adds a modern, durable finish throughout. Outside, the property continues to impress with a lakeside patio perfect for sunrise coffee or sunset evenings, abundant wildlife, and excellent fishing known for northern and perch. A newly added shed provides extra storage, while the charming additional cabin/she shed/playhouse with electricity offers endless possibilities for guests, hobbies, or creative space. The attached heated 2 car garage adds year round convenience, and an additional exterior power hookup is ready for RV parking or extra equipment needs. A brand new larger well pump offers added peace of mind. Located just minutes from Cohasset, Grand Rapids, and Deer River, this property delivers the perfect blend of privacy, accessibility, acreage, and lake life.
Est. $3,696 per month, based on comparable rentals
Sale and tax history for 31487 Malbay Rd
Sale History
Tax History
Date
Event
Price
NORTHSTARMLS as Distributed by MLS Grid #7022500
Aug 25, 2026
Sold
$500,000
Jul 27, 2026
Pending
—
Jun 30, 2026
Price Changed
$525,000
May 11, 2026
Listed
$549,000
May 9, 2026
Coming Soon
$549,000
NORTHSTARMLS as Distributed by MLS Grid #6323655
Apr 13, 2023
Sold
$500,000
Mar 23, 2023
Pending
—
Feb 2, 2023
Contingent
—
Jan 17, 2023
Listed
$499,000
Jan 15, 2023
Coming Soon
$499,000
+46
Welcome to Eagles Island! Experience the tranquil wilderness escape in this spacious home. No matter the season, the sights and sounds of wildlife are in abundance. Eagles, Deer to summer loons and trumpeter swans. The large windows offer big views of the outdoors while capturing and flooding the home with cheerful sunshine. Easy and practical one level living flows from the attached heated garage to the home's interior then seamlessly to the newer exterior patios. The east patio will give you relaxing sunrises. The main patio will WOW you with breathtaking sunsets. Enjoy executive qualities such as a primary suite with two walk-in closets and a beautifully spa-like bath that features a jetted tub. Besides owning 13.4 acres of waterfront, the property is adjacent to public land for any type of outdoor enthusiast. Most of all, being tucked in the woods is private and quiet. Conveniently located minutes from town.
Lot Features: Accessible Shoreline, Tree Coverage - Medium
Lot Size Area: 13.44
Lot Size Units: Acres
Lot Size Dimensions: 418x934x886x1240
Financial
Tax Information
Tax Annual Amount: $3,237
Tax Year: 2025
Tax With Assessments: $3,318
Utilities
Utility Information
Water Source: Well
Power Company Name: Lake Country Power
Sewer: Private Sewer
Fuel: Propane
Location
School Information
High School District: Grand Rapids
School District Number: 318
School District Phone: 2183275704
Location Information
Directions: Head toward NW 4th St/Great River Rd 207 ft Turn right onto US-2 W/NW 4th St/Great River Rd Continue to follow US-2 W/Great River Rd 9.2 mi Turn right onto Itasca County Rd 88 1.5 mi Turn right onto Pincherry Rd 0.4 mi Turn left onto Malbay Rd Destination will be on the left 1.1 mi
Map Coordinate: 999-A1
Public facts
Beds: —
Baths: —
Sq. Ft.: 2,864
Stories: —
Lot Size: 13.44 acres
Style: Single Family Residential
Year Built: 2005
Year Renovated: —
County: Itasca County
APN: 64-018-3104
Home facts updated by county records on Aug 7, 2026
Other
Home Information
Living Area: 2864
Living Area Units: Square Feet
Main Level Finished Area: 2864
Building Area Total: 2864
Foundation Details: Slab
Levels: One
Around this home
0/100 Car-Dependent25/100 Somewhat bikeable
Schools
Places
Transit
Cohasset Elementary School
Public K-5 • Assigned • 5.9mi
7/10
Robert J. Elkington Middle School
Public 6-8 • Assigned • 10.5mi
5/10
Grand Rapids Senior High School
Public 9-12 • Assigned • 9.4mi
7/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
1/10 Heat Factor
7 days above 93° expected this year, 12 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Cohasset, MN • 55721
Average low and high temperatures (°F)
16
-2
25
5
41
21
51
30
68
42
74
54
78
59
76
58
73
53
59
40
39
27
23
7
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
100/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.