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For sale
  • $390,000

    000 Fernberg Rd, Ely, MN 55731

    4beds
    2baths
    1,400sqft
    : 
    $2,850/mo
    Get pre-qualified
    Multi Family
    Built in 1983
    -- sqft lot
    $-- Zestimate®
    $279/sqft
    $-- HOA

    What's special

    Extensive shorelineTwo classic cabinsWesterly facingWestern exposureDeck at the entranceBoat access
    Two Cabin North woods Retreat on Shagawa River & Fall Lake Rare opportunity to own 3.8 beautiful acres with an impressive 714 feet of combined Shagawa River and Fall Lake shoreline. Westerly facing and surrounded by the natural beauty of the North woods, this unique property offers two classic cabins, abundant shoreline, and tremendous potential for a private family retreat, or seasonal getaway. The property features two separate 2-bedroom, 1-bath seasonal cabins, each with a comfortable combined kitchen and living area and a deck at the entrance. Both cabins are being offered furnished, existing dishes, cookware and miscellaneous items, making it easy to start enjoying the property right away. The cabins share a well, while each has its own septic system. Cabin #1 will require a new septic system, providing an opportunity for the next owner to make improvements suited to their plans. A gravel boat landing provides direct access to the river. Although currently grown in with weeds, the landing has historically provided easy boat launching. Additional improvements include a storage/pump house containing the water heater and providing valuable storage space, along with a screened fish cleaning house equipped with a cleaning table, sink, and running water; perfectly suited to the North woods lifestyle. With two cabins, extensive shoreline, western exposure, boat access, and nearly four acres of beautiful North woods property, this is a rare opportunity to create your own lake-and-river retreat with room for family, friends, and recreation. The two cabins were used as rental properties until 2022. Direct access to Fall Lake, a large, classic North woods lake with direct BWCAW wilderness access.
    13 hours
    152
    8

    Zillow last checked:

    Listing updated:

    Listed by:

    Patricia Bulinski 218-349-5595,

    Bear Island Realty LLC

    Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6128282MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      Heating
      • Electric
      Features
      • Has basement: No
      Interior area
      • Total interior livable area: 1,400 sqft
      • Finished area above ground: 1,400
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: None
      Features
      • On waterfront: Yes
      • Waterfront features: Inland Lake, Waterfront Access(Private)
      • Body of water: Fall
      • Frontage length: 714
      Lot
      • Size: 3.8 Acres
      • Features: Low, Tree Coverage - Medium, Level
      Details
      • Parcel number: 28631119375 Portion of

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Wood, Frame/Wood, Poured Concrete
      Condition
      • Previously Owned
      • Year built: 1983

      Utilities & green energy

      • Electric: Lake Country Power
      • Sewer: Private Sewer
      • Water: Drilled, Private

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Ely

      Financial & listing details

      • Price per square foot: $279/sqft
      • Annual tax amount: $1
      • Date on market: 10/2/2026
      • Cumulative days on market: 1 day
      • Tenant pays: None
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/2/2026Listed for sale$390,000$279/sqft
        Source: Lake Superior Area Realtors as distributed by MLS GRID #6128282 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 55731

        Getting around

        11 / 100
        Car-Dependent
        22 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        No schools nearby

        We couldn't find any schools near this home.

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