Unit 1 Flag Island, Angle Inlet, MN 56711
4 Beds | 2 Baths | 1,296 Sq Ft | Single Family Home | MLS# 7122121
Price Reduced — was $299,000 (↓ $4,000) · M Markdowns
Is Unit 1 Flag Island a Good Deal?
BuyPulse Verdict
Excellent Value
At $228/sqft — This home is priced 16% below the typical Angle Inlet single-family home of $272/sqft.
Powered by the Realgorithm™ — 7 active Angle Inlet listings · NorthstarMLS
$2,278/month Estimated
- Principal & interest
- $1,492
- Property taxes
- $192
- Home insurance (est.)
- $172
- Special assessments
- $13
- HOA dues
- $409/mo
20% down ($59,000) · 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.
About This Home
Wood Duck Cabin – Turnkey Waterfront Investment on Flag Island, Lake of the Woods Welcome to Wood Duck Cabin, a beautifully maintained waterfront duplex located at Cyrus Flag Island Resort on scenic Flag Island, Minnesota. Offering the perfect combination of personal enjoyment and income potential, this fully furnished, turnkey property is part of the resort's rental pool, providing an excellent opportunity for investment while still enjoying your own getaway. The cabin features 4 bedrooms/8 beds and 2 bathrooms total, configured as a duplex with two 2-bedroom, 1-bath units, making it ideal for extended family, friends, or rental flexibility. The two units are connected by a shared four-season porch featuring a cozy gas fireplace and overlooking beautiful Lake of the Woods. It's the perfect gathering space to relax, entertain, or enjoy the stunning waterfront views in every season. Inside, you'll appreciate the warm Northwoods charm with tongue-and-groove finishes throughout, creating a welcoming cabin atmosphere that's ready to enjoy from day one. Located just steps from the water, you'll have quick access to world-class fishing, boating, hunting, snowmobiling, and endless year-round recreational opportunities. The property includes dock slips, making it easy to spend your days on beautiful Lake of the Woods. Owners also enjoy the convenience of a dry basement storage area, while the HOA provides shared well and sewer services, making ownership simple and low maintenance. Being part of the Cyrus Flag Island Resort rental pool offers excellent income potential while still allowing you to enjoy your own island getaway. Best of all, this property is being sold fully furnished and turnkey, so you can start enjoying or renting it immediately. Whether you're looking for an income-producing investment, a family retreat, or both, Wood Duck Cabin is a rare opportunity to own waterfront property in one of Lake of the Woods' most sought-after island destinations.
Key Features
- Built
- 2000
- Style
- One
- HOA
- $4,909/Annually
- HOA Includes
- Dock, Lawn Care, Other, Professional Mgmt, Sanitation, Sewer, Snow Removal, Water
- Annual Taxes
- $2,306 (2026)
- Specials/yr
- $150
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 1,296
- Lot Size
- 0.2 acres
- Basement
- Yes
- Roof
- Asphalt
- Construction
- Block, Frame
- County
- Lake of the Woods
- List Date
- 2026-08-05
- Days on Market
- 68 days
- Parcel ID
- 035000010
Financial
- Total Tax incl. Assessments
- $2,456
- Specials Pending
- No
- HOA Name
- Flag Island Condo Association
Home Systems & Utilities
- Heating
- Baseboard, Fireplace(s)
- Cooling
- Central Air
- Electric
- 200+ Amp Service
- Water
- Shared System
- Sewer
- Shared Septic
- Appliances
- Dishwasher, Electric Water Heater, Exhaust Fan, Freezer, Microwave, Range, Refrigerator
Interior Features
- Fireplace
- 1 fireplace
Construction & Exterior
Construction & Structure
- Foundation Type
- Block
- Foundation Area
- 1,320 sqft
- Total Building Area
- 2,592 sqft
Exterior Features
- Exterior Features
- Wood
- View
- Bay
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Gravel, Shared Driveway, Other
Lot & Land
- Lot Features
- Tree Coverage - Light
- Road Surface
- Other
- Zoning Description
- Other
Waterfront
- Waterfront
- Yes
Agent & Office
- List Office
- Reed Realty
Price History
- Price reduced to $295,000 — Oct 6, 2026
Unit 1 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 — Unit 1 Flag Island
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Listed by Reed Realty · Shown by Modern Market REALTORS®
First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.
View Full Listing & PhotosMLS# 7122121 · Data refreshed October 6, 2026
Similar Homes for Sale Near Unit 1 Flag Island, Angle Inlet, MN
Frequently Asked Questions About Unit 1 Flag Island
- Is $295,000 a good price for a home in Angle Inlet?
- According to BuyPulse, Unit 1 Flag Island rates Excellent Value — at $228/sqft it's priced 16% below 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 Unit 1 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 $2,306/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 Unit 1 Flag Island have a basement?
- Yes, Unit 1 Flag Island has a basement.
- Does Unit 1 Flag Island have an HOA?
- Yes, Unit 1 Flag Island has a homeowners association with dues of $4,909 annually. HOA includes: Dock, Lawn Care, Other, Professional Mgmt, Sanitation, Sewer, Snow Removal, Water.
- What type of heating and cooling does Unit 1 Flag Island have?
- Unit 1 Flag Island has Baseboard, Fireplace(s) heating and Central Air cooling.
- Where is Unit 1 Flag Island located?
- Unit 1 Flag Island is in Angle Inlet, MN 56711, in Lake of the Woods County.
- Is Unit 1 Flag Island still available?
- Yes — Unit 1 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 Unit 1 Flag Island built?
- Unit 1 Flag Island was built in 2000. It features block, frame construction, an asphalt roof, and a block foundation.
- How walkable is Unit 1 Flag Island?
- Unit 1 Flag Island has a Walk Score of 0/100 (Car-Dependent) and a Bike Score of 25/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- 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.
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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.
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