Estimated payment $7,150/month
Highlights
- Private Waterfront
- Docks
- Sauna
- Memorial High School Rated 9+
- Spa
- Panoramic View
About This Home
White Iron Lake, Ely, Minnesota - Custom built 5200 sq. ft. home with 320 feet of level lakeshore with a private boat launch. 8.7 acres of land. This beautiful home has been completed with top quality materials and furnishings with both levels being completed with living quarters. The main floor living area features an open floor plan with views of the lake from the large windows and patio door. Well designed kitchen with a center island that seats 10 people, custom hickory cabinets, high definition laminate countertops, ceramic tile flooring, and a huge pantry in the hall. The living room has a gas fireplace, laminate flooring, a vaulted ceiling with tongue & groove pine and views of the lake. There are 4 main floor bedrooms with the master bedroom having a private bath. There is a second full bath and a utility/laundry room on the main level with a washer, dryer, freezer and closet. The walkout basement features a family room with tongue and groove wainscoting, bedroom, open area with a pool table, utility room, 3⁄4 bath, electric sauna with a shower, large storage room and a tuck-under garage. Sleeps up to 19 people. Dual fuel heat. Rollout dock. Steel siding. The 30 X 48 Morton building is on a floating slab, has electricity and 3 overhead doors. There is an RV hookup. All of this tucked back into a private, wooded area with room enough to build additional structures. White Iron Lake has 3237 acres, 35.47 miles of shoreline and a maximum depth of 47 feet. It is connected to Garden Lake, Farm Lake, South Farm and the Kawishiwi River with access to the BWCAW. Being sold furnished. Priced below replacement cost, must see to appreciate the quality of this exceptional home and property.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,971
Year Built
- Built in 1997
Lot Details
- 8.96 Acre Lot
- Private Waterfront
- 320 Feet of Waterfront
- Lake Front
- Property fronts a private road
- Level Lot
- Unpaved Streets
- Many Trees
Property Views
- Lake
- Panoramic
Home Design
- Ranch Style House
- Poured Concrete
- Fire Rated Drywall
- Wood Frame Construction
- Asphalt Shingled Roof
- Wood Siding
- Aluminum Siding
Interior Spaces
- Woodwork
- Vaulted Ceiling
- Ceiling Fan
- 2 Fireplaces
- Gas Fireplace
- Vinyl Clad Windows
- Entrance Foyer
- Family Room
- Living Room
- Combination Kitchen and Dining Room
- Den
- Bonus Room
- Lower Floor Utility Room
- Storage Room
- Utility Room
- Sauna
- Center Hall
Kitchen
- Eat-In Kitchen
- Range
- Microwave
- Freezer
- Dishwasher
- Kitchen Island
Flooring
- Heated Floors
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Bathroom on Main Level
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Fireplace in Basement
- Bedroom in Basement
- Recreation or Family Area in Basement
- Finished Basement Bathroom
- Basement Window Egress
Parking
- 6 Car Detached Garage
- Tuck Under Garage
- Gravel Driveway
- Off-Street Parking
Outdoor Features
- Spa
- Docks
- Lake, Pond or Stream
- Pole Barn
Utilities
- Central Air
- Baseboard Heating
- Heating System Uses Propane
- Private Water Source
- Drilled Well
- Electric Water Heater
- Fuel Tank
- Private Sewer
- Satellite Dish
Additional Features
- Wheelchair Access
- Air Exchanger
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 465-0010-03191 & 465-0010-03193
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,888 | $686,600 | $276,300 | $410,300 |
| 2023 | $6,888 | $593,900 | $220,000 | $373,900 |
| 2022 | $5,198 | $593,900 | $220,000 | $373,900 |
| 2021 | $5,564 | $452,500 | $168,800 | $283,700 |
| 2020 | $5,168 | $452,500 | $168,800 | $283,700 |
| 2019 | $4,442 | $452,500 | $168,800 | $283,700 |
| 2018 | $4,170 | $398,000 | $184,300 | $213,700 |
| 2017 | $4,206 | $376,300 | $176,100 | $200,200 |
| 2016 | $4,856 | $376,300 | $176,100 | $200,200 |
| 2015 | $4,875 | $442,800 | $206,600 | $236,200 |
| 2014 | $4,875 | $442,800 | $206,600 | $236,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/22/2025 10/22/25 | Price Changed | $1,250,000 | -16.6% | $237 / Sq Ft | |
| 09/06/2025 09/06/25 | Price Changed | $1,499,000 | -89.3% | $284 / Sq Ft | |
| 09/04/2025 09/04/25 | For Sale | $14,000,000 | +4136.0% | $2,652 / Sq Ft | |
| 12/28/2012 12/28/12 | Sold | $330,500 | -- | $125 / Sq Ft | View Prior Sale |
| 11/29/2012 11/29/12 | Pending | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $332,500 | Canoe Country Title | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $266,000 | New Conventional |
Source: Lake Superior Area REALTORS®
MLS Number: 6121747
APN: 465001003191
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