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Listings courtesy of Midwest Land Group LLC as distributed by MLS GRID.

Active - Land for sale

Pengilly, MN

Facts & features

Land Property type
264 days on Beycome

Why you’ll love it

Stunning & Exclusive Northern Minnesota Lakeshore Property with Dream Build Potential Comfortably nestled between Grand Rapids and Hibbing, Minnesota, right in the middle of the legendary Iron Range, the Itasca 50.2 offers more than just a dream-home build site. The property is a fully exclusive peninsula on the 328-acre Hart Lake, just south of Pengilly, Minnesota. The visionary builder will find countless spectacular build locations to establish a dream lake house overlooking the gorgeous Hart Lake. The property features two established and fully manicured campsites, with room for full-size campers or wheelhouses, two docks and room to grow—turn-key ready to enjoy. The existing camper can be left if desired. There is also a small cabin offering a comfortable overlook into a scenic Hart Lake bay, with full privacy in nearly every direction. With utilities available at the road, a 1/4-mile easement provides access to quality high-ground prime for dream lake-home development. The easement road is fully established offering firm foundation for gravel or eventual asphalt paving. The vast majority of the peninsula has been intensely managed to keep the understory at bay, allowing a wood, golf-course-like feel. It’s ready to build! The 50-acre peninsula, shaded by a number of towering and majestic white pines, is less than a mile from the Hart Lake public boat launch, and adjacent to thousands and thousands of acres of state land offering tremendous hunting opportunity. Whitetail deer, wild turkeys, grouse, black bears and more are immediately available only expanding the outdoor lifestyle and desirability of this amazing location. This property offers the very best views available in Itasca County—don’t miss out on this incredible opportunity! - 50.2 +/- acres - Over 4,200 feet of lakeshore frontage on Hart Lake - 2 established and manicured campsites - Numbers of glorious lake-home build sites - 2 Docks - Established trails throughout - Immediate access to thousands of acres of prime state land - Utilities available at North Hart Lake Road - 1/4-mile legally established and permanent easement/road - Deer, turkey and grouse hunting available - Hart Lake offers abundant crappies, largemouth bass, walleye and northern pike fishing - 6 miles south of Pengilly, 22 miles west of Hibbing and 24 miles east of Grand Rapids

Translating description...

Listed by: Midwest Land Group LLC

Co-listed by: Midwest Land Group LLC

Source: Northstar MLS as distributed by MLS GRID, MLS#: 6826815 Northstar MLS as distributed by MLS GRID logo

Based on information as of Jun 01, 2026 at 01:00am EDT.

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Affordability

$440,000$920,000
1%20%
0%90%
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Estimated monthly payment

$3,672/mo

  • Mortgage$3,438
  • Property tax$233
  • HOA fee
  • Homeowners insurance
Due at closing$540,600
Down payment held in escrow$136,000
Closing costs$10,200
beycome credit Est.$13,600

Beycome estimates only. Actual amounts and terms vary by lender and location.

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Travel times

About Pengilly

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AI-generated overview for informational purposes only.
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Flood & climate risk

FEMA Flood Zone D

Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.

More details

Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

Based on information submitted to the MLS GRID as of Jun 01, 2026 at 01:00am EDT. 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.

$680,000 Listed price

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$13,600 Credit back

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