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4 Beds | 2 Baths | 1,296 Sq Ft | Single Family Home | MLS# 7122121
Is Unit 1 Flag Island a Good Deal?
BuyPulse Grade
Below Market
At $231/sqft — This home is priced 12% below the typical Angle Inlet single-family home of $264/sqft.
Powered by the Realgorithm™ — 10 active Angle Inlet listings · NorthstarMLS
$6,800/month Estimated
- Principal & interest
- $1,512
- Property taxes
- $192
- Home insurance (est.)
- $174
- Special assessments
- $13
- HOA dues
- $4,909/mo
20% down ($59,800) · 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
- Property Type
- Single Family
- Year Built
- 2000
- Above Grade
- 1,296 sq ft
- Lot Size
- 0.20 acres
- Lot Features
- Tree Coverage - Light
- Heating
- Baseboard, Fireplace(s)
- Cooling
- Central Air
- Basement
- Yes
- Appliances
- Dishwasher, Electric Water Heater, Exhaust Fan, Freezer, Microwave, Range, Refrigerator
- Sewer
- Shared Septic
- Water
- Shared System
- HOA
- $4,909/month (includes Dock, Lawn Care, Other, Professional Mgmt, Sanitation, Sewer, Snow Removal, Water)
- Annual Taxes
- $2,306
- Special Assessments
- $150
- County
- Lake of the Woods
- Days on Market
- 15
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
Shannon Barnum
Associate Broker · Modern Market REALTORS®
Your Angle Inlet real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
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 August 13, 2026
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Frequently Asked Questions About Unit 1 Flag Island
- Is $299,000 a good price for a home in Angle Inlet?
- At $231/sqft, this home is priced below the typical Angle Inlet single-family home of $264/sqft (12% lower), according to our BuyPulse comparison of comparable active listings. 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.
- 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® →
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.