SVN | Northco is pleased to present, as exclusive advisor to ownership, the sale of the Superior Shores Resort, the Lakehomes at Superior Shores (partial inventory), Burlington Bay Condominiums (partial inventory), and the adjacent +/-14.84 acres of desirable development land, with an approved PUD, containing +/- 1,250 feet of shoreline on Lake Superior ("Portfolio"). Located in Two Harbors, MN, under 30 miles from the port city of Duluth, the Property consists of a diverse portfolio of real estate with all of the amenities that one would expect of one of the largest resorts in the state.

At the Superior Shores Resort lodge, the portfolio has 39 owned units, comprising two-bedroom condominiums and studio units. The lodge features the luxurious Vue North Restaurant and has numerous other amenities available, and activities provided by the resort.

At Burlington Bay, which is less than one mile from Superior Shores down Highway 61, the owned portfolio includes seven whole and fifteen ⅛ ownership intervals of two-bedroom condominium units, along with three whole three-bedroom condominium units and seven ⅛ intervals of a three-bedroom penthouse condominium unit. Additionally, there are two whole five-bedroom executive suites and seven ⅛ intervals of the third five-bedroom executive suite. The number of units can change before closing as these offerings continue to sell extremely well, with 21 transactions since early January 2024, with a listing break in the middle of the year.

Adjacent to the Burlington Bay Condominiums is a land development opportunity of the eight contiguous parcels of land totaling 14.8 acres with approximately 1,250 feet of Lake Superior shoreline. The land has an approved PUD that includes additional condominium buildings, a hotel with an indoor waterpark/conference center / and other entertainment amenity options.

Owned assets at The Lake Homes at Superior Shores are fractional ownerships of, ⅞ intervals of a two-bedroom unit, ⅛ intervals of a one-bedroom unit, and ⅜ intervals of a three-bedroom unit. Other assets included in the portfolio consist of two five-bedroom houses in town used for staff housing, a six-bay garage serving as a maintenance compound, and various common areas, including the lobby and food and beverage facilities.