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New Construction Homes for Sale in Ely, MN

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  • /12

    $199,900 Lot/Land

    XXX9 Powerhouse Trail, Ely, MN 55731

    • 3.9 Acres
    • $51,256 per Acre

    First time on the market. This Fall Lake lot has +-3.9 acres with a large building site that sits off the water. From there it's just a short walk towards the level +-205' of shoreline. Fall Lake is a popular entry point into Basswood Lake and the BWCA. At over 6 miles long and 2,322 acres, Fall Lake offers countless fishing and recreational opportunities. This heavily wooded parcel with mixed

    Chris Eilrich Wildwoods Land Company

    XXX9 Powerhouse Trail, Ely, MN 55731
  • /5

    $945,000 Lot/Land

    TBD Waters Island, Ely, MN 55731

    • 5.3 Acres
    • $178,302 per Acre

    Spectacular Burntside Lake 5-Acre Parcel on the sunny South Shore of Waters Island – Burntside Lake’s largest and most central Island. This is a once-in-a-lifetime opportunity to own a truly remarkable property on what many consider Minnesota’s most beautiful and iconic lake. This pristine and totally private setting offers sunny, south and west facing exposure with breathtaking views across the

    Lisa Janisch Janisch Realty, Inc

    TBD Waters Island, Ely, MN 55731
  • /35

    $42,000 Lot/Land

    TBD Trezona Rd, Ely, MN 55731

    • 0.81 Acre
    • $51,852 per Acre

    Looking for the perfect place to plant your roots Up North? This beautiful .81-acre buildable lot sits just off Ely’s beloved Trezona Trail—your four-season playground for walking, skiing, running, and biking. With city utilities already available, all you need to do is pick your building spot, roll out your plans, and get ready to break ground this spring. The property offers a lovely mix of

    Andrea Zupancich z' Up North Realty

    TBD Trezona Rd, Ely, MN 55731
  • /42

    $184,900 Lot/Land

    Unit 1 N Kelly Trail, Ely, MN 55731

    • 0.49 Acre
    • $377,347 per Acre

    Absolutely gorgeous piece of the True North !! This property used to be a resort but was split up for individual cabin life. Premier fishing and excellent hunting right out the front door. Property comes with 2 generators (9500w and 4000w). Propane heat for winter (300 gallon tank). On demand water heater. No motor restrictions or Walleye slot limits on this body of water. This property is truly

    Gabriel Werra Timber Ghost Realty, LLC

    Unit 1 N Kelly Trail, Ely, MN 55731
  • /4

    $89,000 Lot/Land

    2101 Sibley Ct, Ely, MN 55731

    • 1.75 Acres
    • $50,857 per Acre

    Surrounded by nature yet conveniently close to town, this 1.75-acre parcel is an ideal canvas for your next home or investment project. This prime lot features a building pad, connections to city water, sewer, and utilities at the end of the driveway, direct access to the Trezona walking trail, and nearby ATV Trails.

    Jodi Nyman Z' Up North Realty

    2101 Sibley Ct, Ely, MN 55731
  • /2

    $49,900 Lot/Land

    TBD Hwy 169, Ely, MN 55731

    • 38.93 Acres
    • $1,282 per Acre

    38.93 acres of recreational land located right on Highway 169 in Ely, MN adjoining public land for expanded access to the outdoors. The property features a mix of open areas and tree cover, with established trails throughout and a creek flowing through the southwest corner. A section of wooden boardwalk is already in place, offering easy passage through portions of the low land. The terrain

    Lori Schulze Keller Williams Classic Realty NW - Ely

    TBD Hwy 169, Ely, MN 55731
  • /10

    $204,000 Lot/Land

    XXX10 Powerhouse Trail, Ely, MN 55731

    • 4.4 Acres
    • $46,364 per Acre

    Fall Lake West Lots.....first time offered to the public. This large lot of +-4.4 acres with +-235 feet of rocky, but level shoreline, is located in a quiet bay on the south side of Fall Lake. There are two possible building sites with lake views through Birch, Maple and Aspen. There is an elevated site closer to the road and one with a more gentle approach to the lakeshore on the western side of

    Chris Eilrich Wildwoods Land Company

    XXX10 Powerhouse Trail, Ely, MN 55731
  • /40

    $439,000 Lot/Land

    TBD Sunset Rd, Ely, MN 55731

    • 4.68 Acres
    • $93,803 per Acre

    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
  • /2

    $32,900 Lot/Land

    2221 Sibley Dr, Ely, MN 55731

    • 0.45 Acre
    • $73,111 per Acre

    Don’t miss this great opportunity to own a buildable lot in Ely’s newest neighborhood – the Spaulding Addition. This 100' x 196' (.45 acre) parcel offers ample space to design and build your dream home. Located on Sibley Drive, this lot provides convenient access to city utilities and sits just minutes from Trezona Trail, Shagawa Lake, and downtown Ely. Enjoy a quiet residential setting while

    Lori Schulze Keller Williams Classic Realty NW - Ely

    2221 Sibley Dr, Ely, MN 55731
  • /45

    $69,900 Lot/Land

    TBD Sunset Rd, Ely, MN 55731

    • 5.5 Acres
    • $12,709 per Acre

    Back lot across the road from White Iron Lake off the Sunset Road. Septic sites approved and power already runs down the Sunset Road making electricity accessible. Private road association and covenants in place. Tree cover includes birch, aspen, maple, balsam and large pines scattered throughout. Owner Financing Available.

    Anna Yahnke Bear Island Realty LLC

    TBD Sunset Rd, Ely, MN 55731
  • /48

    $69,900 Lot/Land

    tbd Labrec Klein Trail, Ely, MN 55731

    • 6.49 Acres
    • $10,770 per Acre

    Back lot across the road from White Iron Lake off the Sunset Road. Septic sites approved and power already runs down the Sunset Road making electricity accessible. Private road association and covenants in place. Tree cover includes birch, aspen, maple, balsam and large pines scattered throughout. Owner Financing Available.

    Anna Yahnke Bear Island Realty LLC

    tbd Labrec Klein Trail, Ely, MN 55731
  • /35

    $45,000 Lot/Land

    TBD Hill Top Rd, Ely, MN 55731

    • 0.56 Acre
    • $80,357 per Acre

    Amazing elevated panaramic views of the City, Shagawa, and Miners Lake. .56 acres of mixed tree cover, improvements include a new driveway and building site preparation. Due to the challenges of bringing city sewer and water to the location, a buyer likely will hold onto the property for future development. Once the time is right for neighboring lots including the bordering City of Ely property

    Trish Bulinski Bear Island Realty LLC

    TBD Hill Top Rd, Ely, MN 55731
  • /8

    $32,900 Lot/Land

    2231 Sibley Dr, Ely, MN 55731

    • 0.45 Acre
    • $73,111 per Acre

    Don’t miss this great opportunity to own a buildable lot in Ely’s newest neighborhood – the Spaulding Addition. This 100' x 196' (.45 acre) parcel offers ample space to design and build your dream home. Located on Sibley Drive, this lot provides convenient access to city utilities and sits just minutes from Trezona Trail, Shagawa Lake, and downtown Ely. Enjoy a quiet residential setting while

    Lori Schulze Keller Williams Classic Realty NW - Ely

    2231 Sibley Dr, Ely, MN 55731

Frequently Asked Questions

What warranties come with a new construction home?
Most Builders provide a 1-year workmanship warranty, a 2-year systems warranty, and a 10-year structural warranty.
What upgrades are included in a new build vs what is considered extras?
Builders in Ely, MN usually offer a base package and optional upgrades such as flooring, countertops, and appliances.
Do new construction homes in Ely, MN hold their value?
Yes, especially in fast-growing areas of Ely, MN. Resale values are supported by population growth, job opportunities, and desirable schools.
What happens if I find issues after moving in to new build?
Builders typically provide a post-move in warranty service to address punch list items.

Home Trends in Ely, MN

Housing Trends

Median Sale Price
$188,500
Median Single Family Sale Price
$194,000
Average Price Per Sq Ft
$160
Number of Homes for Sale
10
Last 12 months Home Sales
66
Months of Supply
1.80
Median List Price
$192,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%
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