36

Ely, MN Homes for Sale under $500,000

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  • /52

    $224,000

    • 3 Beds
    • 1 Bath
    • 560 Sq Ft

    3297 Aspen Ln, Ely, MN 55731

    Own a piece of Northwoods history with this rare opportunity to acquire a generational heritage property that has been cherished for decades. This rustic property features vintage timber, weathered wood, and hand-crafted details that showcase true local history. Designed with an authentic camp vibe, the open and inviting layout evokes the cozy simplicity of a traditional wilderness lifestyle,

    Agent Photo

    Jerry Fink

    Canoe Capital Realty, LLC

    3297 Aspen Ln, Ely, MN 55731
  • /54

    $215,000

    • 1 Bed
    • 1 Bath
    • 720 Sq Ft

    578 Kawishiwi Trail, Ely, MN 55731

    Northwoods off-grid cabin that adjoins public lands! This beautiful Voyageur Log Cabin is located on 10 acres with seasonal road access just south of Ely, MN. Property offers direct access to many trails in the area for the ultimate recreational retreat including snowmobiling, ATV, and skiing opportunities! Enjoy the cabin year-round with easy snowmobile access – parking and trail are located

    Anna Yahnke Bear Island Realty LLC

    578 Kawishiwi Trail, Ely, MN 55731
  • /30

    $379,000

    • 1 Bed
    • 1 Bath
    • 720 Sq Ft

    2331-1 Old Hwy, Ely, MN 55731

    OPEN HOUSE: Click link for 3D Virtual Tour. Ely Country Home On 11.5 acres, just 5 miles south of Ely set back off Highway 169. 1B/1B yr rnd home, screen porch has potential to become second bedrm. 4920SF storage bldg has 17ft high double doors on each end, office w/laundry bath, 1B/1B upstairs yr rnd apt & huge space for indoor storage. Drilled well. Good internet. Area for garden. Looking to

    Lisa Janisch Janisch Realty, Inc

    2331-1 Old Hwy, Ely, MN 55731
  • /39

    $449,900

    • 3 Beds
    • 1.5 Baths
    • 2,120 Sq Ft

    3938 Cedar St, Ely, MN 55731

    Beautiful 3-bedroom, 2-bathroom home with 350' of sugar-sand beach lakeshore on Eagles Nest 1 lake in coveted Ely/Tower. Enjoy your very own peninsula so private and serene. Start your day with coffee on the patio or deck enjoying the lake view! It features many upgrades since 2016, including windows, furnace, washer/dryer, and mini-split(s) just to name a few. Call me today for a showing!

    Samantha Koivunen Dane Arthur Real Estate Agency

    3938 Cedar St, Ely, MN 55731
  • /18

    $349,000

    • 2 Beds
    • 1 Bath
    • 630 Sq Ft

    3801 Fenske Lake Rd, Ely, MN 55731

    Completely remodeled in 2021, this 2 bedroom, 1 bath cabin has a south facing view over Fenske Lake. The original wood floors and log beams kept the charm of the cabin while the gas fireplace, fresh woodwork and lakeside windows added some comfort. There is a lakeside screen porch overlooking the campfire area and dock. The cabin comes completely furnished inside and out including furniture,

    Chris Eilrich Wildwoods Land Company

    3801 Fenske Lake Rd, Ely, MN 55731
  • /35

    $265,000

    • 3 Beds
    • 2 Baths
    • 2,042 Sq Ft

    1505 E Harvey St, Ely, MN 55731

    Welcome home! This three-bedroom, two-bath home sits on a nice corner lot and has a bright, easygoing layout that just feels good the moment you walk in. Over the past few years, it’s had some very nice updates that make everyday living smoother. You’ll appreciate the propane furnace, the 150 AMP electrical service, along with two water heaters—a huge perk if you’ve got a busy household or just

    Jodi Nyman z' Up North Realty

    1505 E Harvey St, Ely, MN 55731
  • /43

    $499,000

    $26K PRICE DROP
    • 4 Beds
    • 3 Baths
    • 2,722 Sq Ft

    2826 Cedar Lake Rd, Ely, MN 55731

    Welcome to your Northern Minnesota retreat. Nestled on 5 private acres in Ely, this solid, efficient home offers the space and seclusion you’ve been searching for—without sacrificing convenience. This 4-bedroom, 3-bath home features warm tongue-and-groove woodwork throughout, adding character and craftsmanship. Generous living space flows naturally, providing room to spread out along with ample

    Lori Schulze Keller Williams Classic Realty NW - Ely

    2826 Cedar Lake Rd, Ely, MN 55731
  • /36

    $225,000

    $5K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,492 Sq Ft

    304 E James St, Ely, MN 55731

    Step inside this delightful 3 bedroom, 2 bathroom home on desirable James St in the heart of Ely. Perched on a sunny corner lot, enjoy a short stroll to the Ely school, Whiteside Park, or downtown to enjoy shopping or dining. Inside, this home features central air, updated quartz countertops, new front porch railings, new water heater, and newer roof. There is a spacious two stall attached garage

    Taylor Glynn eXp Realty

    304 E James St, Ely, MN 55731
  • /12

    $347,000

    • Land
    • 2.8 Acres
    • $123,929 per Acre

    417 Barrel Rd, Ely, MN 55731

    Well Maintained Year Round Road To This Level Homesite On The South Shore Of Fall Lake, A Premier Boundary Waters Entry Lake! Boat 2 Miles From Your Dock Into The BWCA and up to Basswood Lake! Just 6 Mi To Ely. Water Views All The Way Up The Lake, 205 Ft Excellent Swimming Shoreline, Private 2.8 Wooded Acres, Walking Distance to Kawishiwi Falls. Fall is a 2,258 acre lake, 32 ft deep & part of a

    Lisa Janisch Janisch Realty, Inc

    417 Barrel Rd, Ely, MN 55731
  • /59

    $246,000

    $10K PRICE DROP
    • 7 Beds
    • 4 Baths
    • 2,600 Sq Ft

    429 S 4th Ave E, Ely, MN 55731

    A piece of history set back on 3 city lots on the corner of 4th Avenue and James Street. This Triplex has been loved and cared for for over 30 years. The main floor has a 3 bedroom apartment and an efficiency apartment each with their own off street parking spots, kitchens, bathrooms, and access to the basement for separate laundry areas. The upstairs is a 4+ bedroom with in unit laundry and a

    Joseph Tome GRAND PROPERTIES REAL ESTATE

    429 S 4th Ave E, Ely, MN 55731
  • /16

    $305,000

    • 1 Bed
    • 1 Bath
    • 530 Sq Ft

    3803 Fenske Lake Rd, Ely, MN 55731

    Located just 20 feet from the waters edge, this 1 bedroom, 1 bath cabin has lake views from every room. Completely remodeled in 2017, this wood-sided cabin has knotty pine interior, oak floors and a gas fireplace. There is a south facing view over Fenske Lake and the private dock. The cabin comes completely furnished inside and out including furniture, appliances, cookware, canoe, dock and more.

    Chris Eilrich Wildwoods Land Company

    3803 Fenske Lake Rd, Ely, MN 55731
  • /42

    $445,000

    • 1 Bed
    • 1.5 Baths
    • 3,204 Sq Ft

    1717 Pine Street Rd, Ely, MN 55731

    Sitting on almost two acres with 260 ft of lake shore on One Pine Lake – Well-Cared-For Lake Home with Outbuildings. This well-maintained lake home offers comfortable living, lake views, and an impressive collection of outbuildings for all your storage, hobby, and workshop needs. The main level features a legal primary bedroom, a full bathroom, an L-shaped kitchen, dining area, and a spacious

    Julian Rasmusson Z'Up North Realty, Inc.

    1717 Pine Street Rd, Ely, MN 55731
  • /12

    $200,000

    $19K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 400 Sq Ft

    4994 Big Lake Rd, Ely, MN 55731

    Cabin in the wilderness on Big Lake in Ely. Big Lake Wilderness Retreat CIC. This 2 bedroom, 1 bath cabin features an open living, kitchen and dining area with 2 adjacent bedrooms and a 3⁄4 bath. Deck overlooking the lake. Big Lake is a recreational development lake, 1900 acres with a maximum depth of 22 ft. Excellent fishing. For your private use and enjoyment and also allows for rentals.

    Jan Erchul Ely Realty

    4994 Big Lake Rd, Ely, MN 55731
  • /50

    $225,000

    $5K PRICE DROP
    • 5 Beds
    • 2 Baths
    • 1,506 Sq Ft

    324 E White St, Ely, MN 55731

    Welcome home to this charming and recently updated traditional 2 story featuring 5 bedrooms and 2 bathrooms, offering plenty of space for family and guests. The main floor boasts all new flooring while the upper level showcases the beautiful original hardwood. Situated on 3 lots, this property provides ample outdoor space for entertaining, gardening, or simply relaxing. A detached 2-stall garage

    Misty Merhar z' Up North Realty

    324 E White St, Ely, MN 55731
  • /24

    $203,900

    • 2 Beds
    • 2 Baths
    • 1,042 Sq Ft

    37 E Boundary St, Ely, MN 55731

    Julian Rasmusson Z'Up North Realty, Inc.

    37 E Boundary St, Ely, MN 55731
  • /7

    $310,000

    • 2 Beds
    • 400 Sq Ft

    13848 Queen's Bay Rd, Ely, MN 55731

    Garden Lake log cabin situated on 5 acres with 215 feet of level lakeshore. Full block basement. This charming cabin has an open floor plan with a kitchen and living area. 2 bedrooms. Fuel oil space heater. New insulated roof in 2019. Possibilities for expanding the cabin or enough land to build a new home. The road is between the cabin and lakeshore. Private, quiet location. Access to White

    Janet Erchul Ely Realty

    13848 Queen's Bay Rd, Ely, MN 55731
  • /40

    $439,000

    $20K PRICE DROP
    • Land
    • 4.68 Acres
    • $93,803 per Acre

    TBD Sunset Rd, Ely, MN 55731

    Unique opportunity for a drive-to waterfront parcel and your own island! Great location on White Iron lake with western exposure. The mainland parcel features 400’ of rocky shoreline. The island is only a hop & skip away – just off the main shoreline. Both the mainland and island are approved for septic. Build your dream home or cabin at this sought after location today!

    Anna Yahnke Bear Island Realty LLC

    TBD Sunset Rd, Ely, MN 55731
  • /20

    $325,000

    $50K PRICE DROP
    • 1 Bed
    • 0.5 Baths
    • 480 Sq Ft

    1342 Walsh Rd, Ely, MN 55731

    Located on Eagles Nest 3, this charming seasonal cabin sits on a beautiful level lot featuring approximately 100 feet of shoreline and easy access to the water. The screened porch offers peaceful lake views and an ideal place to relax and enjoy the setting. This cozy one-room cabin features an open floor plan with combined kitchen, dining, living, and sleeping areas. A closet toilet and boxed

    Jason Roy Wildwoods Land Company

    1342 Walsh Rd, Ely, MN 55731
  • /50

    $475,000

    $155K PRICE DROP
    • 3 Beds
    • 1.5 Baths
    • 1,248 Sq Ft

    13359 Villa Rd, Ely, MN 55731

    Enjoy the best of every season on the shores of White Iron Lake. This beautifully updated 3-bedroom, 2-bath year-round Northwoods home sits right at the water’s edge in the desirable White Iron Villas, offering panoramic western views and unforgettable sunsets in every season. With direct access to the White Iron Chain of Lakes and the Boundary Waters Canoe Area Wilderness (BWCAW), this

    Lori Schulze Keller Williams Classic Realty NW - Ely

    13359 Villa Rd, Ely, MN 55731
  • /94

    $395,000

    • 2 Beds
    • 576 Sq Ft

    13321 Lodge Rd, Ely, MN 55731

    Spectacular island on Farm Lake with a newly updated and remodeled 2 bedroom log cabin! Island is approx. 2.5 acres with over 2000 feet of gorgeous shoreline with views right into the famous Boundary Waters Canoe Area Wilderness! Farm Lake is part of the biggest lake chain in the Ely area and the other lakes in the chain are White Iron, Garden, and South Farm Lakes..aprox 12 miles long from one

    Jeff Hway Bear Island Realty LLC

    13321 Lodge Rd, Ely, MN 55731
  • /16

    $349,000

    • Land
    • 2.1 Acres
    • $166,190 per Acre

    TBD Powerhouse Trail, Ely, MN 55731

    West-facing Fall Lake lot — +-375’ of sunset shoreline, build-ready. Watch the sun set over the water every evening from this +-2.1 acre parcel on the south side of Fall Lake, a premium sought-after site at the end of Powerhouse Trail — now available again. A mature Red Pine stand lines +-375’ of classic rocky Boundary Waters shoreline, reached by a short path from the elevated building site. The

    Chris Eilrich Wildwoods Land Company

    TBD Powerhouse Trail, Ely, MN 55731
  • /15

    $349,000

    • 2 Beds
    • 1 Bath
    • 690 Sq Ft

    3775 Fenske Lake Rd, Ely, MN 55731

    Updated 2 bedroom cabin on a quiet, secluded lake. The lakeside kitchen has modern amenities, including a dishwasher and bathroom includes a whirlpool jet tub. A gas fireplace adds warmth to the living and dining rooms while the screen porch overlooks the private dock with sitting bench. This cabin has a true northwoods feel with lots of trees for privacy. The original wood floors and log beams

    Chris Eilrich Wildwoods Land Company

    3775 Fenske Lake Rd, Ely, MN 55731
  • /98

    $389,000

    • 2 Beds
    • 1 Bath
    • 1,450 Sq Ft

    4304 Mud Creek Rd, Ely, MN 55731

    Off grid living at its finest! Large 2 bedroom home on 40 private acres located aprox 3.3 miles up county maintained Mud Creek Road from Highway 169, about half way between Ely and Tower. Great location with state lands on 2 sides and just a stones throw from the Mud Creek public access where a boat or canoe can be launched to access Mud Lake, and great fishing! There are views of Mud Creek from

    Jeff Hway Bear Island Realty LLC

    4304 Mud Creek Rd, Ely, MN 55731
  • /30

    $379,000

    • 1 Bed
    • 1 Bath
    • 720 Sq Ft

    2331 Old Highway 169, Ely, MN 55731

    OPEN HOUSE: Click link for 3D Virtual Tour. Ely Country Home On 11.5 acres, just 5 miles south of Ely set back off Highway 169. 1B/1B yr rnd home, screen porch has potential to become second bedrm. 4920SF storage bldg has 17ft high double doors on each end, office w/laundry bath, 1B/1B upstairs yr rnd apt & huge space for indoor storage. Drilled well. Good internet. Area for garden. Looking to

    Lisa Janisch Janisch Realty Inc

    2331 Old Highway 169, Ely, MN 55731
  • /33

    $475,000

    $124K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 1,172 Sq Ft

    2734 Bear Island River Rd, Ely, MN 55731

    Stop the scroll—this is the lake place you’ve been waiting for! With 266 feet of prime shoreline, this one-level 2+ bedroom, 2 bath cabin is perched perfectly for sweeping island views, southwest exposure, and jaw-dropping sunsets over Bear Island Lake. Inside, enjoy a bright, eat-in kitchen where you can watch the lake sparkle while you dine, plus comfortable bedrooms and two baths with plenty

    Andrea Zupancich z' Up North Realty

    2734 Bear Island River Rd, Ely, MN 55731
  • /39

    $424,000

    $25K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,400 Sq Ft

    3547 Norway Ln, Ely, MN 55731

    Step into the warmth of this stunning log home, perfectly designed for those seeking a peaceful escape. Log home tucked under the White Pines on Everett Lake outside of Ely MN. The open-floor concept blends the kitchen, dining, and living areas beautifully, making it the heart of the home. Picture yourself enjoying a morning coffee at the kitchen breakfast bar or cozying up by the wood-burning

    Andrea Zupancich Z'Up North Realty, Inc.

    3547 Norway Ln, Ely, MN 55731
  • /97

    $439,000

    • 2 Beds
    • 3 Baths
    • 2,579 Sq Ft

    1247 Wolf Den Dr, Ely, MN 55731

    Country Home in Beautiful Ely, MN. Escape to your own private retreat in the Northwoods! Nestled among towering trees outside of Ely, this inviting country home offers the perfect blend of rustic charm and modern comfort. Step inside to find warm wood floors throughout, and a bright, open loft that fills the home with natural light. Floor-to-ceiling windows showcase the serene, wooded views,

    Beth Ohlhauser Bear Island Realty LLC

    1247 Wolf Den Dr, Ely, MN 55731
  • /16

    $347,000

    • Land
    • 2.8 Acres
    • $123,929 per Acre

    417 Barrell Rd, Ely, MN 55731

    Well Maintained Year Round Road To This Level Homesite On The South Shore Of Fall Lake, A Premier Boundary Waters Entry Lake! Boat 2 Miles From Your Dock Into The BWCA and up to Basswood Lake! Just 6 Mi To Ely. Water Views All The Way Up The Lake, 205 Ft Excellent Swimming Shoreline, Private 2.8 Wooded Acres, Walking Distance to Kawishiwi Falls. Fall is a 2,258 acre lake, 32 ft deep & part of a

    Lisa Janisch Janisch Realty Inc

    417 Barrell Rd, Ely, MN 55731
  • /92

    $293,000

    • 3 Beds
    • 1.5 Baths
    • 1,673 Sq Ft

    214 W Chapman St, Ely, MN 55731

    Remodeled 3 BR 1+ Bath home with elevated panoramic views. This meticulously maintained home sits on 4 city lots offer a 1/3 acre with the convenience of in-town living. Featuring open concept living and dining rooms, main floor bath and a beautifully updated kitchen, this home checks all the boxes. Updates include freshly painted inside and outside, new flooring, stainless appliances, new

    Trish Bulinski Bear Island Realty LLC

    214 W Chapman St, Ely, MN 55731
  • /5

    $222,500

    $4K PRICE INCREASE
    • 2 Beds
    • 1 Bath
    • 400 Sq Ft

    4996 Big Lake Rd, Ely, MN 55731

    Big Lake Common Interest Community, investment property. This 2 bedroom, 1 bath cabin features an open living, kitchen and dining area with 2 adjacent bedrooms and a 3⁄4 bath. Deck overlooking the lake. Big Lake is a recreational development lake, 1900 acres with a maximum depth of 22 ft. Excellent fishing. For your private use and enjoyment and also requires rentals. Owner can use for 2 specific

    Lisa Poppenhagen Ely Realty

    4996 Big Lake Rd, Ely, MN 55731
  • /58

    $299,000

    • 3 Beds
    • 2 Baths
    • 1,680 Sq Ft

    101 W Railroad St, Ely, MN 55731

    3BR/2BA home, well cared for and ready to move in — fresh carpet throughout, nothing to do but unpack. Sits on 1.29 acres with a rare 3-car garage, plus the adjacent lot is separately deeded and large enough to build on — a unique opportunity to expand or add a second structure. Unbeatable location: Trezona and Mesabi Trails, plus the Prospector ATV trail and Taconite snowmobile trail, all right

    Ryan Kosinski Ely Realty

    101 W Railroad St, Ely, MN 55731
  • /12

    $389,000

    • 3 Beds
    • 1 Bath
    • 1,120 Sq Ft

    3811 Fenske Lake Rd, Ely, MN 55731

    This 3 bedroom cabin built in 1940's was originally used as the owners home for "Mackie's Cabins". A couple renovations between 2011 and 2016 have transformed it into a spacious northwoods escape. The open floor plan features a 40' long room which includes a kitchen with breakfast table, dining room and living room with gas fireplace. The back of the cabin has a lakeside yard with a gentle slope

    Chris Eilrich Wildwoods Land Company

    3811 Fenske Lake Rd, Ely, MN 55731
  • /28

    $360,000

    $175K PRICE DROP
    • 4 Beds
    • 3 Baths
    • 2,900 Sq Ft

    2641 Priest Point Rd, Ely, MN 55731

    Looking for that perfect slice of Ely lake life? This 4-bedroom, 3-bath home on Bear Island Lake delivers it with a smile. Set on 120 feet of beautiful sandy shoreline, this exceptionally well-maintained two-story home gleams with quality. The centerpiece is a stunning custom two-story fieldstone fireplace — double-sided so you can enjoy the crackle from both the living room and the cozy upper

    Andrea Zupancich z' Up North Realty

    2641 Priest Point Rd, Ely, MN 55731
  • /32

    $249,000

    $30K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 912 Sq Ft

    296 Shady Ln, Ely, MN 55731

    This Northwoods two bedroom, one bath cabin with drilled well and compliant septic can be enjoyed year-round! The open floor plan features beautiful natural woodwork throughout, a cozy woodstove in the living room, a main floor bedroom and bathroom, and an open sleeping loft above—perfect for guests or additional space. Set on 5.75 private acres overlooking a scenic pond, this property offers the

    Lori Schulze Keller Williams Classic Realty NW - Ely

    296 Shady Ln, Ely, MN 55731
  • /28

    $329,000

    $11K PRICE DROP
    • 1 Bed
    • 1 Bath
    • 800 Sq Ft

    1728 Maple St, Ely, MN 55731

    Tucked away in a peaceful wooded setting on 4.6 acres just minutes outside of Ely, this one-of-a-kind A-frame built in 2023 is brimming with thoughtful craftsmanship. Every inch of this newly built 1 bed, 1 bath home has been intentionally designed, with each material carefully selected to tell a story. 800sq ft home showcases reclaimed and locally sourced materials creating a warm and inviting

    Taylor Glynn eXp Realty, LLC- MN

    1728 Maple St, Ely, MN 55731
  • /64

    $249,000

    • 1 Bath
    • 786 Sq Ft

    52 W Chandler St, Ely, MN 55731

    Walking distance from Ely, wooded and private, this 1/2+ acre, lot hosts two well cared for 1890's era historic Finnish homes along with the original sauna and carriage house / workshop. Homes are both small ( sf) on 2 levels with large decks. "Kettu" is heated and hooked up to city water/sewer, while "Peregrine" is finished upstairs and still needs water/sewer and heat. Each small house has it's

    Trish Bulinski Bear Island Realty LLC

    52 W Chandler St, Ely, MN 55731

Home Price Trends

Median Sale Price
$190,000
Median Single Family Sale Price
$194,000
Median 2 Bedroom Sale Price
$135,000
Median 1 Bedroom Sale Price
$135,500
Average Price Per Sq Ft
$157
Number of Homes for Sale
20
Last 12 months Home Sales
53
Months of Supply
4.50
Median List Price
$198,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
0%
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