Seller's Agent in 2026
Jeff Hway
Bear Island Realty LLC
(218) 349-0906
161 Total Sales
3
Beds
2.5
Baths
2,373
Sq Ft
1.54
Acres
Highlights
- Private Waterfront
- Sauna
- Heated Floors
- Docks
- Panoramic View
- Deck
About This Home
As of January 2026Located a short drive east of Ely is this magnificent 2 story lake home on Fall Lake! Fantastic views of Fall Lake...including views right into the BWCAW from your patio! This lovely home, built in 2012, has 3 bedrooms and 3 baths and is on a very scenic wooded parcel with approx. 1.5 acres and approx. 200 feet of shoreline on this fantastic "edge of the Boundary Waters" lake! Enjoy elevated views of the lake, see eagles frequently soaring overhead and roosting on the state owned island out front, and paddle or motor right into the BWCAW right from your dock! The main floor has 9 foot ceilings and a large open concept living and dining room that flows right into the large kitchen with tons of counter space and top-quality cabinets. Enjoy the fantastic views out the tall windows and sliding glass door toward the large patio and lake. Also, a main floor bedroom that faces the lake with a private full bath with jacuzzi tub! Half bath, large utility room with washer and dryer, and 4 season porch round out the main floor. The 2nd floor has a large great room with pine vaulted ceilings that faces the lake and an additional back portion of it with a portable sliding wall that can be used to make it a private room, or extra sleeping space. 2 more large bedrooms and another full bath are here as well. Plus a large 2nd floor deck! Also a huge storage room over the attached garage that is great for storing so many things! Other features include the attached 2 stall garage, a sauna behind the house, large patio and entertaining area facing the lake, maintenance free top-quality siding, nice stairs to the lake-where there is a large dock and boat storage! This property would be great to live in year 'round, or use as your 4 season Ely area getaway. Drilled well, mound septic system, private driveway, storage shed. Fall Lake is 6 miles long and the northern quarter of the lake is in the famous Boundary Waters Wilderness Area, with motors being allowed on all of Fall Lake (25 HP in the BWCAW portion and unlimited on the rest of the lake). From Fall, you can wheel portage to Basswood Lake.. and the US/Canada border. Great fishing! Property faces N/NW and allows great viewing of the active northern lights activity. This is a great property just 10 minutes from Ely! Check out this Youtube Channel for footage of the night sky(including some amazing Northern Lights!) of this listing:
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,403
Year Built
- Built in 2012
Lot Details
- 1.54 Acre Lot
- Lot Dimensions are 320 x 200
- Private Waterfront
- 200 Feet of Waterfront
- Lake Front
- Property fronts a private road
- Elevated Lot
- Unpaved Streets
- Many Trees
Property Views
- Lake
- Panoramic
Home Design
- Slab Foundation
- Fire Rated Drywall
- Wood Frame Construction
- Asphalt Shingled Roof
- Composition Shingle
Interior Spaces
- 2,373 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Ceiling Fan
- Wood Burning Fireplace
- Great Room
- Combination Dining and Living Room
- Storage Room
- Utility Room
- Sauna
- Heated Floors
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Bathroom on Main Level
- Soaking Tub
Laundry
- Laundry on main level
- Dryer
- Washer
Parking
- 2 Car Attached Garage
- Insulated Garage
- Garage Door Opener
- Gravel Driveway
Accessible Home Design
- Wheelchair Access
- Doors are 36 inches wide or more
Outdoor Features
- Docks
- Deck
- Enclosed Patio or Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Propane
- Heating System Uses Wood
- Drilled Well
- Electric Water Heater
- Mound Septic
- Private Sewer
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 28-6369-01090
Matterport 3D Tour
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 27, 2010
Sold by
Pfender Norbert J and Pfender Bette
Bought by
Olson Larold L and Olson Christine M
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Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $177,500 | Canoe Country Title |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/16/2026 01/16/26 | Sold | $805,000 | -5.2% | $339 / Sq Ft |
| 11/28/2025 11/28/25 | Pending | -- | -- | -- |
| 08/19/2025 08/19/25 | Price Changed | $849,000 | -5.6% | $358 / Sq Ft |
| 07/17/2025 07/17/25 | For Sale | $899,000 | -- | $379 / Sq Ft |
Source: Lake Superior Area REALTORS®
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 | $8,488 | $1,064,200 | $198,600 | $865,600 |
| 2024 | $4,966 | $1,073,600 | $198,600 | $875,000 |
| 2023 | $4,372 | $1,070,500 | $186,800 | $883,700 |
| 2022 | $5,950 | $873,700 | $186,800 | $686,900 |
| 2021 | $5,572 | $608,300 | $178,900 | $429,400 |
| 2020 | $6,276 | $500,000 | $112,800 | $387,200 |
| 2019 | $6,319 | $503,000 | $112,800 | $390,200 |
| 2018 | $5,154 | $590,200 | $200,000 | $390,200 |
| 2017 | $4,485 | $496,300 | $209,800 | $286,500 |
| 2016 | $4,444 | $441,100 | $200,000 | $241,100 |
| 2015 | $4,443 | $438,500 | $200,000 | $238,500 |
| 2014 | $4,443 | $0 | $0 | $0 |
| 2013 | $1,755 | $0 | $0 | $0 |
| 2012 | $1,617 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jeff Hway
-
Zachary Hway
Z
Seller Co-Listing Agent in 2026
Zachary Hway
Bear Island Realty LLC
(651) 341-0383
69 Total Sales
-
Connie Coughlin
C
Buyer's Agent in 2026
Connie Coughlin
Bear Island Realty LLC
(218) 235-8289
34 Total Sales
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6120784
APN: 28-6369-01090
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