45940 295th Street, Deerwood, MN 56444
6 Beds | 6 Baths | 5,267 Sq Ft | Single Family Home | MLS# 7074579
M Markdowns — Price Reduced — was $1,250,000 (↓ $255,000)
Is 45940 295th Street a Good Deal?
BuyPulse Verdict
Excellent Value
At $189/sqft — This home is priced 31% below the typical Deerwood single-family home of $275/sqft.
Your Negotiating Position
76 — Strong buyer leverage
Day 120 — Deerwood homes overall typically go under contract by day ~11. This one is past that window.
3 similar homes for sale — alternatives if they won't move.
This seller already cut $255,000 — motivation showing.
Powered by the Realgorithm™ — 16 active Deerwood listings · NorthstarMLS
$6,075/month Estimated
- Principal & interest
- $5,031
- Property taxes
- $464
- Home insurance (est.)
- $580
- HOA dues
- None
20% down ($199,000) · 30-yr fixed, 6.5% · Can I afford this home?
Estimates only; confirm before you offer.
About This Home
Welcome to an extraordinary lakeside estate featuring nearly 87 acres of rolling countryside and 585 feet of frontage on Sunset Lake. Expansive park-like grounds surround the home, while towering old-growth trees, majestic pine groves, and a scenic pine ridge create a landscape reminiscent of an enchanted-forest, offering exceptional privacy, recreation, and natural beauty. The 5,200+ square foot home features 6 bedrooms, 6 bathrooms, a massive primary suite, vaulted ceilings in the great room, three fireplaces, a sunroom, sauna, and an expansive deck overlooking the picturesque grounds. Tasteful vintage charm blends seamlessly with an updated ranch-style feel, creating warm and inviting living spaces throughout. Miles of trails wind through the property, providing access to outstanding deer and duck hunting, wild berries, apple trees, open gardening areas, and endless opportunities to enjoy the outdoors. Sunset Lake offers excellent fishing, swimming, boating, and recreation, while the peaceful upper portion of the lake is ideal for kayaking and enjoying peer serenity. Adding to the property's character is a charming historic barn original to the estate. A guest house awaits restoration and offers tremendous potential for additional living space, guest accommodations, or rental income. With development potential, abundant recreational opportunities, and a setting that feels worlds away from everyday life, this remarkable estate delivers a rare combination of luxury living, investment opportunity, and outdoor adventure. Whether you're seeking a private family retreat, a recreational haven, or a legacy property to enjoy for generations, this one-of-a-kind Sunset Lake estate is ready to exceed expectations. So, what are you waiting for?! The seller is also open to selling a smaller portion of the land along with the house.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $746K and $1.2M in Deerwood:
- The field: 3 similar Deerwood homes for sale — a short list right now.
Powered by the Realgorithm™ — real Deerwood closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1975
- Garage
- 3-Car Attached
- Style
- One and One Half
- HOA
- None
- Annual Taxes
- $5,562 (2026)
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 3,413
- Below Grade Sq Ft
- 1,854
- Lot Size
- 87 acres
- Basement
- Yes
- Roof
- Age 8 Years or Less, Asphalt
- Construction
- Brick, Concrete, Stone
- County
- Aitkin
- List Date
- 2026-06-15
- Days on Market
- 120 days
- Parcel ID
- 070066901
Financial
- Total Tax incl. Assessments
- $4,704
Home Systems & Utilities
- Heating
- Forced Air, Fireplace(s), Heat Pump, Zoned
- Cooling
- Central Air, Dual
- Electric
- 200+ Amp Service
- Water
- Drilled
- Sewer
- Septic System Compliant - Yes
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Fuel Tank - Rented, Microwave, Range, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer
Interior Features
- Laundry
- Main Level, Sink
- Fireplace
- 2 fireplaces
Construction & Exterior
Construction & Structure
- Foundation Type
- Poured Concrete
- Foundation Area
- 2,882 sqft
- Total Building Area
- 5,553 sqft
Exterior Features
- Exterior Features
- Stone, Log Siding, Wood
- Other Structures
- Barn(s), Guest House
- View
- See Remarks
- Accessibility Features
- Other
Parking & Garage
- Parking Features
- Attached Garage, Gravel, Garage Door Opener, Underground
Lot & Land
- Lot Features
- Irregular Lot, Suitable for Horses, Tillable, Tree Coverage - Heavy, Wetlands
- Topography
- Gently Rolling,Hilly,Low Land,Meadow,Wooded
- Road Surface
- County Road
- Zoning Description
- Shoreline,Residential-Single Family
Waterfront
- Waterfront
- Yes
Agent & Office
- List Office
- Woods to Water Real Estate
Price History
Reduced $255,000 (20.4%)
- Price reduced to $1,250,000 — Jul 24, 2026
- Price reduced to $995,000 — Sep 19, 2026
45940 295th Street is listed in Deerwood, MN, part of Aitkin County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 45940 295th Street
Associate Broker · Modern Market REALTORS®
Your Deerwood real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by Woods to Water Real Estate · Shown by Modern Market REALTORS®
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View Full Listing & PhotosMLS# 7074579 · Data refreshed October 8, 2026
Similar Homes for Sale Near 45940 295th Street, Deerwood, MN
Frequently Asked Questions About 45940 295th Street
- Is $995,000 a good price for a home in Deerwood?
- According to BuyPulse, 45940 295th Street rates Excellent Value — at $189/sqft it's priced 31% below the typical Deerwood single-family home of $275/sqft. Its negotiating-position score is 76/100 (Strong buyer leverage), weighed on days on market, comparable inventory, and how Deerwood homes are closing versus list. Powered by the Realgorithm™. Browse Deerwood homes for sale to compare.
- Does 45940 295th Street have a basement?
- Yes, 45940 295th Street has a finished basement with 1,854 sq ft of below-grade space.
- What type of heating and cooling does 45940 295th Street have?
- 45940 295th Street has Forced Air, Fireplace(s), Heat Pump, Zoned heating and Central Air, Dual cooling.
- Where is 45940 295th Street located?
- 45940 295th Street is in Deerwood, MN 56444, in Aitkin County.
- Is 45940 295th Street still available?
- Yes — 45940 295th Street is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 45940 295th Street built?
- 45940 295th Street was built in 1975. It features brick, concrete, stone construction and a poured concrete foundation.
- Does 45940 295th Street have main-floor laundry?
- Yes — the laundry at 45940 295th Street is on the main level.
- How walkable is 45940 295th Street?
- 45940 295th Street has a Walk Score of 0/100 (Car-Dependent) and a Bike Score of 13/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 45940 295th Street are for sale in Deerwood?
- 3 similar homes (single-family homes between $746K and $1.2M in Deerwood) are for sale right now — a short list right now.
- 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.
- What does "BuyPulse" mean?
- BuyPulse™ is Modern Market REALTORS®’ live market-data brand for Fargo-Moorhead: cohort statistics — homes for sale, median days to pending, and share of sales closing at or over list price — computed from real NorthstarMLS closings, not estimates.
- What does "Realgorithm™" mean?
- The Realgorithm™ is Modern Market REALTORS®’ proprietary market-data engine — it computes every BuyPulse verdict from real NorthstarMLS closings (comparable active inventory, median days to pending, and sale-to-list price ratio) rather than an automated online estimate.
Local Companies to Help You Settle In
From inspection to closing to moving day, here are well-known local companies serving the Deerwood area.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/13/2026, 10:29 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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