1526 Flag Island, Angle Inlet, MN 56711
4 Beds | 2 Baths | 3,500 Sq Ft | Single Family Home | MLS# 6199272
M Markdowns — Price Reduced — was $1,100,000 (↓ $75,000)
Is 1526 Flag Island a Good Deal?
BuyPulse Verdict
Fair Market Value
At $293/sqft — This home is priced 8% above the typical Angle Inlet single-family home of $272/sqft.
Powered by the Realgorithm™ — 7 active Angle Inlet listings · NorthstarMLS
$6,246/month Estimated
- Principal & interest
- $5,183
- Property taxes
- $452
- Home insurance (est.)
- $598
- Special assessments
- $13
- HOA dues
- None
20% down ($205,000) · 30-yr fixed, 6.5% · Can I afford this home?
Includes special assessments — the FM-metro cost most portals leave out. Estimates only; confirm before you offer.
50 earns the badge · a typical active home here scores ~14
This home has sat well past the local pace — time is working in a buyer's favor.
- 1500 days on market — more than triple the usual 91 days
- Price cut 6.8% (−$75,000)
- No negative signals found in the listing history
MMR track record: Offer-Ready homes closed a median 12% below their highest asking price — vs 3% for non-flagged reduced homes. MMR analysis of 79 vs 998 NorthstarMLS sales, updated monthly.
How the 0–100 Offer-Ready Score works →
Offer-Ready Score is a Modern Market REALTORS® calculation from NorthstarMLS listing data — not MLS-provided data.
About This Home
Discover the ultimate in lakeside living with this remarkable estate on Flag Island, boasting an incredible 450 feet of pristine frontage on Lake of the Woods. Spanning 3,500 square feet, this beautifully designed home offers 4 spacious bedrooms, 2 full bathrooms, and two inviting fireplaces that create a warm and welcoming atmosphere. Entertain with ease at the custom wet bar, and enjoy the rustic elegance of rich tongue-and-groove finishes throughout. Large windows capture breathtaking 360-degree views, seamlessly blending indoor comfort with the beauty of the surrounding landscape. Step outside to an expansive 2,600 square feet of deck space—perfect for relaxing, hosting, or simply soaking in the serenity. A private dock and detached garage complete this exceptional property. Meticulously crafted and truly one-of-a-kind, this island retreat is a rare opportunity for discerning buyers seeking luxury, privacy, and natural beauty in perfect harmony.
Virtual Tour
Key Features
- Built
- 2007
- Garage
- 1-Car Detached
- Style
- Two
- HOA
- None
- Annual Taxes
- $5,422 (2026)
- Specials/yr
- $150
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 3,500
- Lot Size
- 5.07 acres
- Basement
- Yes
- Roof
- Asphalt
- County
- Lake of the Woods
- List Date
- 2022-05-24
- Days on Market
- 1602 days
- Parcel ID
- 060331012
Financial
- Total Tax incl. Assessments
- $5,572
- Specials Pending
- No
Home Systems & Utilities
- Heating
- Dual Fuel/Off Peak, Forced Air, Fireplace(s)
- Cooling
- Central Air
- Electric
- Circuit Breakers, 100 Amp Service
- Water
- Private
- Sewer
- Private Sewer
- Appliances
- Air-To-Air Exchanger, Dishwasher, Dryer, Electric Water Heater, Freezer, Microwave, Range, Refrigerator, Trash Compactor, Washer, Water Softener Owned
Interior Features
- Fireplace
- 2 fireplaces
Construction & Exterior
Construction & Structure
- Foundation Type
- Block
- Foundation Area
- 1,750 sqft
- Total Building Area
- 3,500 sqft
Exterior Features
- Exterior Features
- Cedar, Wood
- Pool
- Yes
- Fenced Area
- Yes
- Other Structures
- Garage(s)
- View
- Lake, Panoramic, South
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Detached Garage
Lot & Land
- Lot Features
- Accessible Shoreline, Tree Coverage - Light
- Road Surface
- Other
- Zoning Description
- Residential-Single Family
Waterfront
- Waterfront
- Yes
Agent & Office
- List Office
- Reed Realty
Price History
- Price reduced to $1,025,000 — Jun 9, 2026
1526 Flag Island is listed in Angle Inlet, MN, part of Lake of the Woods County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 1526 Flag Island
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Listed by Reed Realty · Shown by Modern Market REALTORS®
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View Full Listing & PhotosMLS# 6199272 · Data refreshed June 18, 2026
Frequently Asked Questions About 1526 Flag Island
- Is $1,025,000 a good price for a home in Angle Inlet?
- According to BuyPulse, 1526 Flag Island rates Fair Market Value — at $293/sqft it's priced 8% above the typical Angle Inlet single-family home of $272/sqft. Powered by the Realgorithm™. Browse Angle Inlet homes for sale to compare.
- What are the special assessments at 1526 Flag Island — and what do they mean?
- This property has $150/yr in annual special assessments, with no specials pending. Special assessments are separate from property taxes — they are charges levied by the city for infrastructure improvements like streets, water, sewer, and sidewalks. Annual property taxes are $5,422/yr. Always factor both into your total monthly housing cost before making an offer.
What special assessments cost in Fargo-Moorhead — live figures on every home for sale.
- Does 1526 Flag Island have a basement?
- Yes, 1526 Flag Island has a basement.
- What type of heating and cooling does 1526 Flag Island have?
- 1526 Flag Island has Dual Fuel/Off Peak, Forced Air, Fireplace(s) heating and Central Air cooling.
- Where is 1526 Flag Island located?
- 1526 Flag Island is in Angle Inlet, MN 56711, in Lake of the Woods County.
- Is 1526 Flag Island still available?
- Yes — 1526 Flag Island is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 1526 Flag Island built?
- 1526 Flag Island was built in 2007. It features an asphalt roof and a block foundation.
- What does "M Markdowns" mean?
- M Markdowns™ is Modern Market REALTORS®’ real estate tracker of homes for sale with verified MLS price reductions across the Fargo-Moorhead metro and Minnesota lake country. Every reduction is sourced directly from NorthstarMLS — minimum $2,000 drop to filter noise.
Local Companies to Help You Settle In
From inspection to closing to moving day, here are well-known local companies serving the Angle Inlet area.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/13/2026, 6:31 AM CDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.