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6 Beds | 6 Baths | 5,267 Sq Ft | Single Family Home | MLS# 7074579
M Markdowns — Price Reduced — was $1,350,000 (↓ $100,000)
BuyPulse Grade
Below Market
At $237/sqft — This home is priced 16% below the typical Deerwood single-family home of $283/sqft.
Powered by the Realgorithm™ — 15 active Deerwood listings · NorthstarMLS
$7,514/month Estimated
- Principal & interest
- $6,321
- Property taxes
- $464
- Home insurance (est.)
- $729
- HOA dues
- None
20% down ($250,000) · 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 90 acres of rolling countryside and over 1,100 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.
3D Home Tour
Key Features
- Property Type
- Single Family
- Year Built
- 1975
- Above Grade
- 3,413 sq ft
- Below Grade
- 1,854 sq ft
- Lot Size
- 90.50 acres
- Lot Features
- Irregular Lot, Suitable for Horses, Tillable, Tree Coverage - Heavy, Wetlands
- Garage
- 3-car (Attached Garage, Gravel, Garage Door Opener, Underground)
- Heating
- Forced Air, Fireplace(s), Heat Pump, Zoned
- Cooling
- Central Air, Dual
- Basement
- Finished
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Fuel Tank - Rented, Microwave, Range, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer
- Sewer
- Septic System Compliant - Yes
- Water
- Drilled
- Annual Taxes
- $5,562
- County
- Aitkin
- Days on Market
- 52
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
Shannon Barnum
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®
Buying a home in Deerwood? — dedicated buyer representation from pre-approval through closing.
View Full Listing & PhotosMLS# 7074579 · Data refreshed July 25, 2026
More Homes for Sale in Deerwood, MN
Frequently Asked Questions About 45940 295th Street
- Is $1,250,000 a good price for a home in Deerwood?
- At $237/sqft, this home is priced below the typical Deerwood single-family home of $283/sqft (16% lower), according to our BuyPulse comparison of comparable active listings. 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.
- 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 Deerwood area.