$695,000

2734 Bear Island River Rd Ely, MN 55731

Estimated payment $4,146/month

Total Views 3,943
2 Beds
1.5 Baths
1,172 Sq Ft
$593 Price per Sq Ft

Highlights

  • Private Waterfront
  • Lake View
  • No HOA
  • Memorial High School Rated 9+
  • Ranch Style House
  • Den

About This Home

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 of room for everyone. The living is easy with everything on one level. Outside, you’ll find a 22x26 detached garage, shed for gear, and outdoor spaces that make lake living a dream. Imagine evenings on the shore, campfires with friends, and mornings where the only sound is the call of a loon. Lovingly held as a long-time family cabin, this retreat is now ready for new memories. Whether you’re looking for weekends of relaxation or a forever place by the water, this property delivers all the Up North vibes. Don’t miss this rare opportunity to claim your spot on Bear Island Lake!

Listing Agent

Andrea Zupancich

Z' Up North Realty Listed on: 10/06/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,839

Year Built

  • Built in 1972

Lot Details

  • 0.75 Acre Lot
  • Lot Dimensions are 315.00 x 242.00
  • Private Waterfront
  • 266 Feet of Waterfront
  • Lake Front

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,172 Sq Ft Home
  • Gas Fireplace
  • Living Room
  • Den
  • Lake Views
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level

Outdoor Features

  • Storage Shed

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Drilled Well
  • Electric Water Heater
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 625002600650

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,839

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Hwy 21 to Bear Island River Road, stay to the right at the T and follow to address on the left.
  • L O1 Office Phone1 Number: 218-827-2288
  • Property Sub-Type: SF/Detached
  • Tax Year: 2025
  • Twp Number: 60
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Total One Quarter Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1172
  • Garage Type: Detached
  • Heat: Propane, Electric
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Bedroom
  • TotalBedrooms: 2
  • Year Built: 1972
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: None
  • Bathroom Description: Full Main Floor
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Den/Office
  • Stories: 1 Story
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1172
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Storage Shed
  • Waterfront Access: Private
  • Water Frontage In Feet: 266
  • Waterfront Name: Bear Island
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Garage Capacity: 2
  • ParkingFeaturesGarageDimensions: 26 x 22

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private
  • Water: Drilled

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 315.00 x 242.00
  • Estimated Number of Acres: 0.75
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 625002600650
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 5839

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $5,924 $456,600 $275,400 $181,200
2023 $5,924 $366,300 $221,600 $144,700
2022 $4,820 $326,800 $201,400 $125,400
2021 $3,658 $308,000 $191,300 $116,700
2020 $3,498 $275,900 $174,500 $101,400
2019 $3,724 $275,900 $174,500 $101,400
2018 $3,722 $297,000 $193,000 $104,000
2017 $3,924 $297,100 $193,100 $104,000
2016 $3,414 $312,200 $197,300 $114,900
2015 $3,468 $297,800 $191,100 $106,700
2014 $3,306 $297,800 $191,100 $106,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2025 10/06/25 For Sale $695,000 -- $593 / Sq Ft
Source: Lake Superior Area REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $500 --
Deed $60,000 None Available
Contract Of Sale $60,000 Attorney
Deed -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $60,000 Seller Take Back
Source: Public Records

Source: Lake Superior Area REALTORS®

MLS Number: 6122301

APN: 625002600650