Real Estate Investment Properties for Sale in Lutsen, MN

Looking for investment property in Lutsen, MN with high ROI ?

Explore a variety of short-term homes & houses in Lutsen, MN. Invest wisely with VRBO & Lutsen, MN Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Lutsen, MN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
5362 Hwy 61 W Lutsen, MN 5362 Hwy 61 W, Lutsen, MN 55612 \| Single Family Residential	2 beds \| 1 baths \| 2,764 sq.ft.	$1,475,000	Airbnb cash on cash: -1.23% Traditional cash on cash: -1.21% Airbnb Rental Income: $1795 Traditional Rental Income: $1333 Airbnb ROI: -1.23% Traditional ROI: -1.21%
128 Bridge Run Ln #B Lutsen, MN 128 Bridge Run Ln #B, Lutsen, MN 55612 \| Condo/Coop	1 beds \| 1 baths \| 624 sq.ft.	$219,900	Airbnb cash on cash: -0.84% Traditional cash on cash: -2.82% Airbnb Rental Income: $2008 Traditional Rental Income: $1073 Airbnb ROI: -0.84% Traditional ROI: -2.82%
529 Moose Mountain Dr Lutsen, MN 529 Moose Mountain Dr, Lutsen, MN 55615 \| Townhouse	2 beds \| 2 baths \| 1,100 sq.ft.	$420,000	Airbnb cash on cash: -2.36% Traditional cash on cash: -2.45% Airbnb Rental Income: $1795 Traditional Rental Income: $1269 Airbnb ROI: -2.36% Traditional ROI: -2.45%
5361 Hwy 61 W #& XXX Railroad Dr Lutsen, MN 5361 Hwy 61 W, Lutsen, MN 55612 \| Other	N/A beds \| N/A baths \| N/A	$179,900	Airbnb cash on cash: 4.46% Traditional cash on cash: 2.56% Airbnb Rental Income: $1688 Traditional Rental Income: $891 Airbnb ROI: 4.46% Traditional ROI: 2.56%
56XX-B Highway 61 Lutsen, MN 56XX-B Highway 61, Lutsen, MN 55612 \| Other	N/A beds \| N/A baths \| N/A	$479,000	Airbnb cash on cash: 0.4% Traditional cash on cash: -0.33% Airbnb Rental Income: $1688 Traditional Rental Income: $891 Airbnb ROI: 0.4% Traditional ROI: -0.33%
135 Bridge Run Ln #B Lutsen, MN 135 Bridge Run Ln #B, Lutsen, MN 55612 \| Condo/Coop	1 beds \| 2 baths \| 672 sq.ft.	$289,900	Airbnb cash on cash: -1.1% Traditional cash on cash: -1.92% Airbnb Rental Income: $2008 Traditional Rental Income: $1260 Airbnb ROI: -1.1% Traditional ROI: -1.92%
xxx S Caribou Dr Lutsen, MN xxx S Caribou Dr, Lutsen, MN 55615 \| Other	N/A beds \| N/A baths \| N/A	$499,000	Airbnb cash on cash: 0.3% Traditional cash on cash: -0.4% Airbnb Rental Income: $1688 Traditional Rental Income: $891 Airbnb ROI: 0.3% Traditional ROI: -0.4%
265 Mink Rnch #Rd Lutsen, MN 265 Mink Rnch #Rd, Lutsen, MN 55612 \| Townhouse	3 beds \| 1 baths \| 1,064 sq.ft.	$364,900	Airbnb cash on cash: 3.6% Traditional cash on cash: 2.71% Airbnb Rental Income: $2819 Traditional Rental Income: $1857 Airbnb ROI: 3.6% Traditional ROI: 2.71%
21 Turnagain Trl Lutsen, MN 21 Turnagain Trl, Lutsen, MN 55612 \| Single Family Residential	4 beds \| 3 baths \| 3,436 sq.ft.	$889,000	Airbnb cash on cash: 0.92% Traditional cash on cash: -0.04% Airbnb Rental Income: $3388 Traditional Rental Income: $1839 Airbnb ROI: 0.92% Traditional ROI: -0.04%
38 Sawmill Ln Lutsen, MN 38 Sawmill Ln, Lutsen, MN 55612 \| Single Family Residential	4 beds \| 2 baths \| 2,380 sq.ft.	$899,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 0.85% Airbnb Rental Income: $3388 Traditional Rental Income: $2611 Airbnb ROI: 0.88% Traditional ROI: 0.85%
4526 Cascade Beach Rd Lutsen, MN 4526 Cascade Beach Rd, Lutsen, MN 55612 \| Single Family Residential	1 beds \| 1 baths \| 717 sq.ft.	$670,000	Airbnb cash on cash: 0.11% Traditional cash on cash: -0.49% Airbnb Rental Income: $2008 Traditional Rental Income: $1108 Airbnb ROI: 0.11% Traditional ROI: -0.49%
544 Moose Mountain Dr Lutsen, MN This is the Northshore townhome you have been dreaming of in Lutsen! This 2 bedroom condo ...	3 beds \| 2 baths \| 1,250 sq.ft.	$479,000	Airbnb cash on cash: 2.5% Traditional cash on cash: 2.48% Airbnb Rental Income: $2819 Traditional Rental Income: $2150 Airbnb ROI: 2.5% Traditional ROI: 2.48%
YYY Big Cedar Trl Lutsen, MN YYY Big Cedar Trl, Lutsen, MN 55612 \| Other	N/A beds \| N/A baths \| N/A	$189,900	Airbnb cash on cash: 3.41% Traditional cash on cash: 1.6% Airbnb Rental Income: $1688 Traditional Rental Income: $891 Airbnb ROI: 3.41% Traditional ROI: 1.6%

Real Estate investment in Lutsen, MN

There are 20 properties for sale in the city of Lutsen . The median list price in Lutsen is $338,000 and the average price per square foot is $237. In May 2026, the average monthly cash on cash return in Lutsen is 1.00%. The average monthly rental income in Lutsen is $1,269.

Lutsen, MN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 20 investment properties available for sale in Lutsen.

In 2026, the best neighborhood to buy investment property is Lutsen.

The ROI for Short-Term is higher than the Long-Term in Lutsen with average rental income of $1,795.

Your search for investment property begins and ends here

Investment Property for Sale in Lutsen, MN

5362 Hwy 61 W

Lutsen, MN

2 beds | 1 baths | 2,764 sq.ft.

$1,475,000

Airbnb cash on cash: -1.23%

Traditional cash on cash: -1.21%

Airbnb Rental Income: $1795

Traditional Rental Income: $1333

Airbnb ROI: -1.23%

Traditional ROI: -1.21%

128 Bridge Run Ln #B

Lutsen, MN

1 beds | 1 baths | 624 sq.ft.

$219,900

Airbnb cash on cash: -0.84%

Traditional cash on cash: -2.82%

Airbnb Rental Income: $2008

Traditional Rental Income: $1073

Airbnb ROI: -0.84%

Traditional ROI: -2.82%

529 Moose Mountain Dr

Lutsen, MN

2 beds | 2 baths | 1,100 sq.ft.

$420,000

Airbnb cash on cash: -2.36%

Traditional cash on cash: -2.45%

Airbnb Rental Income: $1795

Traditional Rental Income: $1269

Airbnb ROI: -2.36%

Traditional ROI: -2.45%

5361 Hwy 61 W #& XXX Railroad Dr

Lutsen, MN

N/A beds | N/A baths | N/A

$179,900

Airbnb cash on cash: 4.46%

Traditional cash on cash: 2.56%

Airbnb Rental Income: $1688

Traditional Rental Income: $891

Airbnb ROI: 4.46%

Traditional ROI: 2.56%

56XX-B Highway 61

Lutsen, MN

N/A beds | N/A baths | N/A

$479,000

Airbnb cash on cash: 0.4%

Traditional cash on cash: -0.33%

Airbnb Rental Income: $1688

Traditional Rental Income: $891

Airbnb ROI: 0.4%

Traditional ROI: -0.33%

135 Bridge Run Ln #B

Lutsen, MN

1 beds | 2 baths | 672 sq.ft.

$289,900

Airbnb cash on cash: -1.1%

Traditional cash on cash: -1.92%

Airbnb Rental Income: $2008

Traditional Rental Income: $1260

Airbnb ROI: -1.1%

Traditional ROI: -1.92%

xxx S Caribou Dr

Lutsen, MN

N/A beds | N/A baths | N/A

$499,000

Airbnb cash on cash: 0.3%

Traditional cash on cash: -0.4%

Airbnb Rental Income: $1688

Traditional Rental Income: $891

Airbnb ROI: 0.3%

Traditional ROI: -0.4%

265 Mink Rnch #Rd

Lutsen, MN

3 beds | 1 baths | 1,064 sq.ft.

$364,900

Airbnb cash on cash: 3.6%

Traditional cash on cash: 2.71%

Airbnb Rental Income: $2819

Traditional Rental Income: $1857

Airbnb ROI: 3.6%