Details - Information last confirmed on May 26, 2021

Our firm is pleased to present for sale the Waters of Vermilion Lake Home and Resort Development ("Property"). The Property consists of 41 development lots and community common elements on popular Lake Vermilion in northeastern Minnesota. This sustainable/green lake home community provides maintenance free living, allowing you to enjoy your time in the Minnesota Northwoods without the maintenance concerns associated with ownership.

-Opportunity Zone investment with 41 "sustainable" lakehome sites with lake views, located on 34 acres with 720 feet of shoreline
-Located next to Fortune Bay Casino and the Wilderness of Fortune Bay Golf Course which is one of the top rated golf courses in the State of Minnesota, 25 miles from Giants Ridge Golf & Ski Areas, and three and a half hours north of the Twin Cities
-Over $3.3M of improvements have been invested in the Property
-The Property is a conservation development, which means that the building sites are clustered together to preserve green space and provide more natural areas, along with protecting the environmental features. ---This creates small neighborhoods and contributes to the fabric of a community
-Infrastructure is in-place: roads, utilities, water and sewer have been installed
-Numerous community amenities and common elements including a bike and boat club, The Waters Club, trails, two inland ponds, a private beach, trails, bicycles, kayaks, paddle boats, a putting green, guest cabin, and more
-The Property is permitted for 24+ boat docks (May Sell)

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.