Five-bedroom, three-bathroom Velvet Lake home with 175 feet of sandy shoreline. You will love the level elevation to the lake, expansive deck, and stunning west facing sunset views. The main level features a large open concept kitchen/dining room with new cabinets and appliances, and primary bedroom with large en suite bathroom. The lower level walk out offers more lake views from the large rec/entertainment room, a family room, two more bedrooms, and a bathroom. One-stall attached garage and a two-stall detached garage gives you plenty of space to store your lake toys. Velvet Lake is just a couple minutes east of Crosslake where you can find shopping, golfing, and plenty of dining options. Schedule your showing today!
Must see five bed, three bath, 4,000 square foot Velvet Lake home. Great investment opportunity as this property averages $700 per night when rented in the summer months! This property features panoramic west facing views with breathtaking sunsets, fifty feet of sand beach (175 feet of lake frontage), and perfect elevation to the water from the walk out basement. Home has new floors, fresh paint, new drilled well, and new Ameribuilt four stall detached garage. Velvet lake is a crystal clear, spring fed, private lake with no public access. Half of the shoreline on Velvet is DNR land which provides and endless array of wildlife. Great for water sports and amazing fishing. This property has its own boat launch to get your inboard or outboard in the water. The dock is included with the sale. Schedule your showing today!
NORTHSTARMLS as Distributed by MLS Grid #4774560
Feb 21, 2017
Sold
$195,000
$50/sq ft
Jan 11, 2017
Pending
—
Dec 29, 2016
Price Changed
$199,900
$52/sq ft
Nov 29, 2016
Price Changed
$224,900
$58/sq ft
Oct 31, 2016
Listed
$237,500
$61/sq ft
One story home on Velvet Lake. Home features two bedrooms, two bathrooms, a one car attached garage, detached shop with a garage stall, large deck overlooking the water, full unfinished walk out basement, master suite with walk in closet, formal dining and more a must see.
Year
Property tax
Land + Additions
Assessment*
2026
$4,546 (+5.8%)
$309,200 + $487,300
$796,500
2025
$4,298 (+7.5%)
$227,900 + $481,000
$708,900
2024
$3,998 (+27.0%)
$211,600 + $467,400
$679,000
2023
$3,148 (+4.4%)
$165,300 + $347,300
$512,600
2022
$3,016 (+1.4%)
$156,200 + $219,900
$376,100
2021
$2,974 (−2.8%)
$142,500 + $197,800
$340,300
2020
$3,060 (+7.1%)
$142,500 + $201,700
$344,200
2019
$2,858 (+5.5%)
$142,500 + $201,700
$344,200
2018
$2,708 (+5.9%)
$138,793 + $173,857
$312,650
2017
$2,558 (+2.5%)
$131,638 + $169,567
$301,205
2016
$2,496 (+4.1%)
$128,000 + $159,000
$287,000
2015
$2,398 (−1.7%)
2014
$2,440 (−2.2%)
$159,400 + $154,700
$314,100
2013
$2,496
$174,700 + $162,100
$336,800
Public record
Beds
2
Baths
3
Stories
—
Lot width
—
Lot depth
—
Lot size
0.79 Acres
Year renovated
2005
Finished Sq. Ft.
3,856
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,856
Year built
1991
Style
Single Family Residential
County
Crow Wing County
APN
14240564
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 2, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
1/10 Heat Factor
7 days above 96° expected this year, 13 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Crosslake, MN • 56442
Average low and high temperatures (°F)
17
-1
26
6
42
22
51
32
67
43
73
55
78
61
75
59
74
53
59
42
41
28
24
9
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Crosslake. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.5 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 35023 Sleepy Valley Rd
$782,748
$7,152 under list price of $790K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $610K to $1.0M.