

Project Overview
SVN | Northco was engaged as the seller's representative for the sale of Timber Bay Lodge & Houseboats, a premier waterfront resort located on Birch Lake near Ely, MN, just minutes from the Boundary Waters Canoe Area Wilderness (BWCA). Nestled deep within the heart of the Superior National Forest, the Property is one of the premier houseboat rental-oriented resorts in the Midwest.
Timber Bay Lodge & Houseboats has become a beloved destination for families and fishing groups, surrounded by towering Norway pine, birch, and spruce trees. The resort sits on 1,482 feet of pristine shoreline and spans a beautifully wooded lakeside setting. Accommodations include 14 cabins, a boathouse, an owner’s residence, and an office/gift shop, providing everything guests need for an unforgettable stay.
The resort also features a full-service marina, a safe and sandy swimming beach, and a range of recreational amenities including boating, fishing, canoeing, pickleball, and children's programs. With its blend of natural beauty, modern conveniences, and access to some of Minnesota’s most scenic wilderness, the property offers an unmatched guest experience.
"The team's personal approach, attention to detail and knowledge of the industry as brokers and owners of their own resorts was a tremendous benefit."
“Some friends of ours had recently sold their generational resort and had a very positive experience with SVN | Northco as their representatives. When it came time for us to consider selling Timber Bay, which had been in our family for decades, we knew the right group to use.
The team's personal approach, attention to detail and knowledge of the industry as brokers and owners of their own resorts was a tremendous benefit to the sale process. They provided us with a very honest opinion of a fair sale price and got us a lot of attention through their vast marketing. Their experience through complex due diligence processes was also greatly appreciated as there are many hoops to jump through to get to closing on a resort property and business. We are so pleased to see our family resort continue on with two new families carrying on the tradition of Timber Bay.”
Related Articles
Boundary Waters Resort Timber Bay Lodge Sold for $4.25M to Hospitality Group
Minneapolis/Saint Paul Business Journal

Boundary Waters Resort Timber Bay Lodge Sold for $4.25M to Hospitality Group
Minneapolis/Saint Paul Business Journal

Boundary Waters Resort Timber Bay Lodge Sold for $4.25M to Hospitality Group
Minneapolis/Saint Paul Business Journal

Project Summary
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