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New Construction Homes in Ely, MN

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  • /12

    $200,000 Lot/Land

    XXX9 Powerhouse Trail, Ely, MN 55731

    • 3.9 Acres
    • $51,282 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

    • 35,283 Sq Ft
    • $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
  • /12

    $347,000 Lot/Land

    417 Barrel Rd, Ely, MN 55731

    • 2.8 Acres
    • $123,929 per Acre

    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
  • /2

    $45,000 Lot/Land

    2120 Sibley Ct, Ely, MN 55731

    • 37,461 Sq Ft
    • $52,326 per Acre

    Lot 8 of East Spauldiing First Addition. This Lot is .86 acres of relatively flat land with heavy tree coverage. The backside of the lot is the Miners multi-use trail that attaches to the paved Trezona Trail. Come build in this sought after neighborhood where the convenience of living near town meetsadventure trails, lakes and wilderness!

    Debbie Decker Keller Williams Classic Rlty NW

    2120 Sibley Ct, Ely, MN 55731
  • /42

    $184,900 Lot/Land

    Unit 1 N Kelly Trail, Ely, MN 55731

    • 21,344 Sq Ft
    • $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
  • /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

    $203,100 Lot/Land

    XXX10 Powerhouse Trail, Ely, MN 55731

    • 4.4 Acres
    • $46,159 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
  • /15

    $155,000 Lot/Land

    1687 Golden Ridge Tr, Ely, MN 55731

    • 20 Acres
    • $7,750 per Acre

    +-20 ACRE PARCEL just 3/4 miles off the Echo Trail with the road in. This parcel has a good mixture of tree cover with White and Norway Pine, Balsam, Cedar, Ash and Aspen. Possible year round access. Already installed is a 3 bedroom septic system and a 325' drilled well. There is a building site for house and garage, power nearby. Excellent property at an affordable price.

    Don Stocks Wildwoods Land Company

    1687 Golden Ridge Tr, Ely, MN 55731
  • /2

    $32,900 Lot/Land

    2221 Sibley Dr, Ely, MN 55731

    • 19,602 Sq Ft
    • $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
  • /16

    $347,000 Lot/Land

    417 Barrell Rd, Ely, MN 55731

    • 2.8 Acres
    • $123,929 per Acre

    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
  • /24

    $65,000 Lot/Land

    TBD Circle Dr, Ely, MN 55731

    • 3.3 Acres
    • $19,697 per Acre

    This beautiful wooded 3+ acre lot with deeded access to Fall Lake offers a great opportunity to build your getaway cabin or year round home! Enjoy the best of both worlds with the serenity of nature and a short drive to Ely and all it has to offer. Take a short walk from the property to the shared 1.6 acre deeded access lot with approximately 220' of shoreline and a dock. In the winter, enjoy the

    Connie Coughlin Bear Island Realty LLC

    TBD Circle Dr, Ely, MN 55731
  • /8

    $32,900 Lot/Land

    2231 Sibley Dr, Ely, MN 55731

    • 19,602 Sq Ft
    • $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
$194,500
Median Single Family Sale Price
$198,000
Average Price Per Sq Ft
$166
Number of Homes for Sale
13
Last 12 months Home Sales
62
Months of Supply
2.50
Median List Price
$199,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%
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