This amazing Lake Superior home was designed by a student of Frank Lloyd Wright. Like the Lake Superior views, this home seems to go on and on forever. Built on three expansive levels with storage galore and beautiful Cherry woodwork throughout. The shoreline is very accessible with views of the Sawtooth Mountains and Grand Marais in the distance. Home is being sold furnished. Terrace Point homes rarely become available. Don't miss this opportunity.
Single-familyProperty Type
1999Year Built
6,534 sq ftLot Size
$466Est. Price/Sq.Ft.
2 car garageParking
Listed by Terry Backlund• Backlund Realty LLC
Bought with Tim Kennedy• Gunflint Realty
Source:LSAR #2108104
Redfin Estimate
$823,722
$449K since sold in August 2015$17K since July
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 60.3% higher than the average sale price ($514K) of 6 comparable homes.
This amazing Lake Superior home was designed by a student of Frank Lloyd Wright. Like the Lake Superior views, this home seems to go on and on forever. Built on three expansive levels with storage galore and beautiful Cherry woodwork throughout. The shoreline is very accessible with views of the Sawtooth Mountains and Grand Marais in the distance. Home is being sold furnished. Terrace Point homes rarely become available. Don't miss this opportunity.
RASM #4546928
Jul 25, 2014
Sold
$375,000
$212/sq ft
Oct 4, 2013
Listed
$419,000
$237/sq ft
NORTHSTARMLS as Distributed by MLS Grid #MAM6001686
Oct 4, 2013
Listed
$419,000
$237/sq ft
Public Records
Mar 21, 2011
Sold
$325,000
$184/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$4,928 (+34.2%)
$307,800 + $459,000
$766,800
2025
$3,672 (+12.4%)
$186,100 + $436,000
$622,100
2024
$3,266 (+5.7%)
$163,300 + $391,300
$554,600
2023
$3,090 (−9.6%)
$159,900 + $351,900
$511,800
2022
$3,420 (+22.8%)
$148,400 + $281,700
$430,100
2021
$2,784 (−6.2%)
$143,928 + $212,213
$356,141
2020
$2,968
$145,170 + $227,648
$372,818
2019
$2,968 (+8.1%)
$145,131 + $211,991
$357,122
2018
$2,746 (+9.1%)
$145,158 + $212,291
$357,449
2017
$2,516 (+25.3%)
$145,365 + $214,591
$359,956
2016
$2,008 (−20.9%)
$144,200 + $214,600
$358,800
2015
$2,538 (+3.5%)
$68,400 + $285,200
$353,600
2014
$2,452 (+1.7%)
$68,400 + $285,200
$353,600
2012
$2,410
$68,400 + $285,200
$353,600
Tax history for 7 Terrace Point Rd
Year
Property tax
Land + Additions
Assessment*
2026
$4,928 (+34.2%)
$307,800 + $459,000
$766,800
2025
$3,672 (+12.4%)
$186,100 + $436,000
$622,100
2024
$3,266 (+5.7%)
$163,300 + $391,300
$554,600
2023
$3,090 (−9.6%)
$159,900 + $351,900
$511,800
2022
$3,420 (+22.8%)
$148,400 + $281,700
$430,100
2021
$2,784 (−6.2%)
$143,928 + $212,213
$356,141
2020
$2,968
$145,170 + $227,648
$372,818
2019
$2,968 (+8.1%)
$145,131 + $211,991
$357,122
2018
$2,746 (+9.1%)
$145,158 + $212,291
$357,449
2017
$2,516 (+25.3%)
$145,365 + $214,591
$359,956
2016
$2,008 (−20.9%)
$144,200 + $214,600
$358,800
2015
$2,538 (+3.5%)
$68,400 + $285,200
$353,600
2014
$2,452 (+1.7%)
$68,400 + $285,200
$353,600
2012
$2,410
$68,400 + $285,200
$353,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Property details
Interior
Basement Information
Basement Sq. Ft: 883
Basement Finish: Finished
Basement Type: Finished
Heating & Cooling
Heating Type: Electric
Fireplace Information
# of Fireplaces: 1
Has Fireplace
Exterior
Exterior Information
Foundation Type: Concrete Block
Construction Type: Frame
Roof Shape Type: Hip
Property Information
Subdivision Name: TERRACE POINT
Living Sq. Ft: 1,766
Building Sq. Ft: 2,165
# of Stories: 2
Stories Type: 2
Legal Description: TERRACE POINT LOT 2 BLK 2
Parking & Garage Information
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 399
Garage / Carport Type: Attached
Lot Information
# of Buildings: 1
Land Sq. Ft: 6,534
Legal Lot Number: 2
Legal Block Number: 2
Municipality Name: UNORG RGE 1W
Acres: 0.15
County Use Description: RES 1 UNIT
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 2
Baths: 3.0
Sq. Ft.: 1,766
Stories: 2.0
Lot Size: 6,534 square feet
Style: Single Family Residential
Year Built: 1999
Year Renovated: 2005
County: Cook County
APN: 52-185-2020
Home facts updated by county records on Apr 22, 2026
Around this home
Schools
Sawtooth Mountain Elementary School
Public PreK-5 • Assigned • 5.5mi
4/10
Cook County Middle School
Public 6-8 • Assigned • 5.5mi
4/10
Cook County Senior High School
Public 9-12 • Assigned • 5.5mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
1/10 Heat Factor
8 days above 81° expected this year, 15 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
Grand Marais, MN • 55604
Average low and high temperatures (°F)
19
4
25
10
35
21
42
30
55
39
63
47
69
57
70
58
66
54
54
42
40
29
26
12
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.6 hours in
June and 2.8 hours in December, placing it below the
U.S. average for solar exposure.