80078 waters of vermilion rd

SUBSTANTIAL PRICE REDUCTION! Waters of Vermilion is a once-in-a-lifetime investment or private estate opportunity. This beautiful property consists of up to 40 development lots and community common elements on popular Lake Vermilion in northeastern Minnesota. This sustainable/green lake home community provides maintenance free living, allowing its residents time to enjoy their time in the Minnesota Northwoods without the maintenance concerns associated with ownership. Either the entire development or individual lots are for sale, and there are several development scenarios that a new owner could pursue: smaller, eco-friendly homes that fit into the existing plan and/or tiny homes (a conservation development), and larger "second" homes. There has been over $3.3M of improvements invested in the Property and infrastructure is in-place: roads, utilities, water and sewer have been installed. The Property is permitted for 24+ boat docks. Opportunity Zone investment.