1 North Lake Avenue
Luxury Downtown Duluth Condo
Marketing description
Experience luxury downtown living in this beautifully updated 3-bedroom, 3-bath condominium ideally situated just steps from Canal Park, the Lakewalk, and Lake Superior. Offering approximately 2,200 square feet of thoughtfully designed living space, this stunning condo blends historic character with upscale modern updates throughout. The impressive primary suite serves as a private retreat featuring a mini split system, spacious walk-in closet, and a spa-inspired bathroom complete with a walk-in steam shower, massive soaking tub with coastal-inspired backsplash, and thoughtfully designed finishes throughout. The open-concept kitchen and living area is designed for both entertaining and everyday comfort, highlighted by soaring ceilings, abundant exposed brick, heated floors, a gas fireplace, and expansive city views with partial views overlooking Canal Park and the Aerial Lift Bridge. The chef’s kitchen is outfitted with high-end appliances including a Sub-Zero refrigerator, Wolf gas cooktop, and Wolf built-in oven and microwave, while a convenient half bathroom is located just off the kitchen area. Additional highlights include new light fixtures throughout, mini split systems in both the living room and primary suite, and a spacious laundry room featuring double prep counters and utility sink. Meticulously maintained and currently operating as a successful Airbnb, this property offers exceptional flexibility as a luxury residence, vacation getaway, or investment opportunity. Additional amenities include a 1-car attached heated garage, secure building access, and a private upper-level storage unit — all located in downtown Duluth near walkable locations close to dining, shopping, and the shores of Lake Superior.
Investment highlights
Premier Downtown Duluth Location – Steps from Canal Park, the Lakewalk, Lake Superior, restaurants, shopping, and entertainment, providing strong year-round guest appeal.
Established Short-Term Rental Opportunity – Currently operating as a successful Airbnb, offering immediate income potential and proven rental demand.
Luxury Condo with Historic Character – Approximately 2,126 SF featuring exposed brick, soaring ceilings, heated floors, and high-end finishes throughout.
Strong Vacation Rental Appeal – 3 bedrooms, 3 bathrooms, and spacious open-concept living areas accommodate larger groups and extended stays.
High-End Kitchen Package – Equipped with premium Sub-Zero and Wolf appliances, enhancing guest experience and long-term value.
Luxury Primary Suite – Spa-inspired retreat with steam shower, oversized soaking tub, walk-in closet, and mini-split climate control.
Walkable Lifestyle Location – Guests can easily access Duluth's most popular attractions without a vehicle, a key driver of short-term rental demand.
Partial Canal Park & Aerial Lift Bridge Views – Desirable views that increase both owner enjoyment and rental marketability.
Turnkey Ownership – Meticulously maintained with updated lighting, modern mechanicals, mini-split systems, and secure building access.
Rare Downtown Amenities – Includes an attached heated garage stall and private upper-level storage unit, features seldom found in downtown condominium properties.
Low-Maintenance Investment – Condo ownership reduces exterior maintenance responsibilities compared to traditional residential investments.
Flexible Exit Strategies – Ideal as a luxury primary residence, second home, executive rental, or income-producing vacation rental property.
Limited Downtown Inventory – Luxury condo offerings of this size and quality in Canal Park-adjacent locations remain scarce, supporting long-term appreciation potential.
Rental Licensed Property – Property currently carries a rental license, providing additional flexibility for investors.
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