10 days on rocket

12187 Island Lake Dr, Park Rapids, MN, 56470

$884,900

Home List Price

$10,000*

Closing Credit

3 Bedrooms
1 Full Bath
2,244 SqFt
$394/SqFt
House
Schools Nearby

Location

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12187 Island Lake Dr, Park Rapids$884,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Gravel
Attached Garage2 spaces
Year Built2022
HeatingForced Air, Geothermal
CoolingGeothermal, Wall Unit(s)
BasementYes
WaterfrontLake Front
ViewLake
MLS #6519076
StatusActive

About 12187 Island Lake Dr

Set within the Potato Lake Chain, this exclusive sanctuary on Island Lake exudes luxury living. Situated upon a coveted lot, this meticulously crafted home embodies extravagance in every detail. From the exquisite woodwork to its thoughtful design, no expense has been spared in creating this upscale retreat. Perfect for family gatherings and creating cherished memories, a charming guest cabin offers a secluded haven for visitors. Additionally, a private, paved boat ramp adds to the allure, providing discerning residents with exclusive access to the sandy beachfront, making it an ideal destination for families seeking both relaxation and adventure year-round. Dual septic stations, multiple RV hookups, and dual 200 amp panels for service further enhance the property's appeal, ensuring convenience and luxury living. Just a short drive away, Park Rapids offers a variety of dining, shopping, and recreational opportunities, ensuring a vibrant lifestyle for residents.

Property Details

Property Features

Property Information:

  • Year Built: 2022
  • Living Area: 2,244 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty

Interior Features

Interior Information:

  • Appliances: Dryer, Electric Water Heater, Exhaust Fan, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Lake Front
  • View: Lake

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Gravel

Utilities

Utilities Information:

  • Heating: Forced Air, Geothermal
  • Cooling: Geothermal, Wall Unit(s)

School Info

Assigned Schools Information:

  • Park Rapids Senior High School, Public District Grades 9-12
  • Park Rapids Area Century Middle School, Public District Grades 5-8
  • Park Rapids Area Century Elementary School, Public District Grades PK-4

Other

Directions Information:

  • Directions: From Hwys. 71/34 in Park Rapids. North on Hwy 71. Turn right onto #89, follow to a left on Island Lake Drive.

Price Information

Listing Price Info

Price Summary:

  • List Price: $884,900
  • Price Per SqFt: $394/SqFt

Tax Information:

  • Annual Amount: $2,308
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Park Rapids, MN.

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Park Rapids, MN

City

Med. Sold Price

$296.4K

Med. Price/SqFt

$177

Avg. Days On Market

42

# of Sold Homes

10

12187 Island Lake Dr vs Park Rapids

10 DAYS ON ROCKET

-32 Days

$884,900

+$588.4K More

$394/SqFt

+$217 More

KEY TAKEAWAY

This property is $588.4K more than the Median Sold Price and $217/SqFt more than other homes in Park Rapids, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6519076

Listing Office:

  • Office Name: Coldwell Banker Realty

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Property Sales & Tax

Listing History

Mar 09, 2007Home Sold
$270,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,308$254,000
2019$1,954$203,500
2018$1,912$195,600

History based on county public records data.

Payment Calculator

$4,484

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,719

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6485908
7
/10

  • Park Rapids Area Century Elementary School

  • 501 Helten Ave

  • 9.25 miles

  • Public District Grades PK-4

Middle School

school-card-donut-6485909
3
/10

  • Park Rapids Area Century Middle School

  • 501 Helten Ave

  • 9.25 miles

  • Public District Grades 5-8

High School

school-card-donut-6485910
4
/10

  • Park Rapids Senior High School

  • 401 Huntsinger Ave

  • 9.29 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,385. The majority of Park Rapids, MN residents have income between $35k-100k annually. Typical family type is married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 12187 Island Lake Dr

What is the listing price of this property?

The listing price of 12187 Island Lake Dr property is $884,900.

What type of property is this?

The property 12187 Island Lake Dr is a house located in Park Rapids, Minnesota, 56470.

Is this property for sale now?

Active Listing: 12187 Island Lake Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 12187 Island Lake Dr are:
Park Rapids Area Century Elementary School: GreatSchools Rating 7/10
Park Rapids Area Century Middle School: GreatSchools Rating 3/10
Park Rapids Senior High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,308 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 9, 2007 for $270,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 12187 Island Lake Dr has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 12187 Island Lake Dr is 2,244 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 12187 Island Lake Dr is 2022.

Rocket Homes›Minnesota›Hubbard County›Park Rapids›56470›12187 Island Lake Dr

This home is located at 12187 Island Lake Dr in Park Rapids, MN and zip code 56470. This 2,244 square foot home was built in 2022. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 25, 2024 and is currently priced at $884,900.

In April 2024, from all listings sold in Park Rapids, MN there were more than 3 sold above asking price, over 4 sold below and more than 3 were sold right at the asked price. The inventory of homes for sale in Park Rapids, MN between March 2024 and April 2024 increased by 14.1%. In April 2024 median list price was $296,450 and the average listing age was 42 days.

From Rocket Homes Real Estate and based on county public records data.

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