$710,200
SOLD AUG 29, 2025

3206 Shady Rest Ely, MN 55731

2 Beds
2 Baths
1,768 Sq Ft
2.69 Acres

Recently Sold

$402 Per Sq Ft

7% Below List Price

33 Days on Market

Highlights

  • Boathouse
  • Docks
  • Panoramic View
  • Private Waterfront
  • Sauna
  • Heated Floors

About This Home

As of August 2025

Located on the shores of White Iron Lake in Ely, Mn, this stunning property features +/-2.7 acres of well-manicured trails, perennial gardens, and majestic pines. The +/- 240’ of level shoreline provides phenomenal westerly views and great swimming. The beautiful 2-bedroom, 2-bath energy efficient home was built by Barry Bissonette, a well-known log contractor in the area – using only the best building materials for our climate – including red cedar logs from British Columbia and a “polar roof” (extra insulated designed for harsh Alaskan winters). The home features a large living/dining room with a wood burning fireplace, spectacular lake views, main-floor bed and bath, and an updated kitchen with solid surface counters and stainless appliances. The walk-out lower primary suite features in-floor heat, corner wood stove, a built-in desk, and a sitting area with ideal lake views. Private 3⁄4 bath with a sauna plus a laundry/utility room complete the lower level. At the shore you will find a lovely water accessory building, quality dock and boat lift. The 2.5-stall detached garage provides additional storage for all your lake toys! This property comes with a shared boat launch just down the road. Additional acreage and lakeshore are available. Home is being sold furnished - so move right it and enjoy lake living at its finest.

Last Agent to Sell the Property

Anna Yahnke

Bear Island Realty LLC Listed on: 06/26/2025

Co-Listed By

Kate Davies

Bear Island Realty LLC

Last Buyer's Agent

Kerry Davis

Canoe Capital Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,433

Year Built

  • Built in 1992

Lot Details

  • 2.69 Acre Lot
  • Lot Dimensions are 250' x 400'
  • Private Waterfront
  • 240 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Level Lot
  • Landscaped with Trees

Property Views

  • Lake
  • Panoramic

Home Design

  • Ranch Style House
  • Log Cabin
  • Concrete Foundation
  • Asphalt Shingled Roof
  • Wood Siding
  • Log Siding

Interior Spaces

  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Sauna

Kitchen

  • Range
  • Recirculated Exhaust Fan
  • Microwave

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Finished Basement Bathroom
  • Basement Window Egress

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Outdoor Features

  • Boathouse
  • Docks
  • Deck

Utilities

  • Heating System Uses Wood
  • Baseboard Heating
  • Private Water Source
  • Drilled Well
  • Mound Septic
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 28-6225-01080

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,433

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, follow Hwy 169E to Kawishiwi Trail, take a right. Follow to Sunset Road, take a right. Follow to Shady Rest, take a right and then at the T take a left to the property address on your right.
  • L O1 Office Phone1 Number: 218-365-2800
  • Remodeled Addition: No
  • Road Maintenance: Association
  • Property Sub-Type: SF/Detached
  • Tax Year: 2025
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: Ductless Mini Split
  • Reso Association Amenities: Ceiling Fans, Hardwood Floors, Natural Woodwork, Sauna, Vaulted Ceilings
  • Amenities Exterior: Deck, Dock
  • Mfg And Park Info Construction Type: Log Home
  • FinFootageAboveGrade: 884
  • Below Grade Finished Sq Ft: 884
  • Garage Type: Detached
  • Heat: Baseboard, Fireplace, In Floor, Wood, Electric
  • Fireplaces: 2
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 2
  • Year Built: 1992
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Lower
  • RoomLevel6: Lower
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dryer, Exhaust Fan/Hood, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Features: Egress Windows, Finished, Walkout, Bath, Bedrooms, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: 3/4 Basement, Full Main Floor
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Primary Bedroom
  • Stories: 1 Story
  • Room 6: Laundry Room
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1768
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Boathouse
  • Road Frontage: Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 240
  • Waterfront Name: White Iron
  • Construction Status: Previously Owned
  • Exterior: Log, Wood

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Capacity: 2

Utilities

  • Power Company: Minnesota Power
  • Sewer: Private, Mound
  • Water: Private, Drilled

Condo/Co-op/Association

  • Association Fee: No
  • Association Fee Frequency: Yearly

Schools

  • Junior High Dist: Lake Superior #381

Lot Info

  • Estimated Lot Dimensions: 250' x 400'
  • Estimated Number of Acres: 2.69
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Landscaped, Tree Coverage - Medium, Level
  • Parcel Number: 28-6225-01080
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 4433

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2025
Closed on
Aug 27, 2025
Sold by
Burrow David and Burrow Joan
Bought by
Jiacik Peter and Jiacik Marsha
Seller's Agent
Anna Yahnke
Bear Island Realty LLC
Buyer's Agent
Kerry Davis
Canoe Capital Realty, LLC
List Price
$765,000
Sold Price
$710,200
Premium/Discount to List
-$54,800
-7.16%
Views
43
Current Estimated Value
$726,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,689
Avg. Annual Appreciation
7.78%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $710,200 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2025 08/29/25 Sold $710,200 -7.2% $402 / Sq Ft
08/03/2025 08/03/25 Pending -- -- --
07/01/2025 07/01/25 For Sale $765,000 -- $433 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

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
2025 $4,518 $648,100 $240,900 $407,200
2024 $2,515 $616,600 $240,900 $375,700
2023 $2,274 $591,800 $211,500 $380,300
2022 $3,807 $502,400 $209,900 $292,500
2021 $3,652 $409,400 $200,900 $208,500
2020 $4,128 $384,200 $200,900 $183,300
2019 $417 $407,600 $254,600 $153,000
2018 $4,371 $407,600 $254,600 $153,000
2017 $3,911 $422,300 $267,500 $154,800
2016 $3,898 $385,800 $254,500 $131,300
2015 $3,835 $385,800 $254,500 $131,300
2014 $3,835 $0 $0 $0
2013 $3,754 $0 $0 $0
2012 $3,693 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6120378

APN: 28-6225-01080