Own dockPath near the lakeshoreLarge comfortable outhouseSeparate wood shedElectric baseboard heatersWood stove for heat
Spectacular island on Farm Lake with a newly updated and remodeled 2 bedroom log cabin! Island is approx. 2.5 acres with over 2000 feet of gorgeous shoreline with views right into the famous Boundary Waters Canoe Area Wilderness! Farm Lake is part of the biggest lake chain in the Ely area and the other lakes in the chain are White Iron, Garden, and South Farm Lakes..aprox 12 miles long from one end to the other! This lake chain offers great fishing, and the perfect combination of great boating and recreation, and also direct easy access into the wilderness area right next door! The island is accessed from your own private deeded landing on the mainland where you can park your vehicle and keep a boat at your own dock and be to the island in just a few minutes by boat or canoe. No big water crossing as its just around the bend. The cabin is ready to go for all your Ely area adventures year around and has a wood stove for heat, and electric baseboard heaters as well. Bedrooms each have new queen beds and all furniture is included. Appliances include: range, refrigerator, coffee maker, and toaster. Follow a path near the lakeshore to a very nice sauna with new cedar walls and benches. The large comfortable outhouse is being converted from a pit toilet to an incinerating toilet per county regs. A tool and equipment storage shed and separate wood shed are also onsite with all lawn tools included. This island is a very pleasant place to be and is aesthetically pleasing is all respects. Spend a few minutes here and you'll be ready to stay for a lifetime! Let the peace and tranquility of this very special place become your new up north getaway place!
15 days
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2,530
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146
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Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jeff Hway218-349-0906,
Bear Island Realty LLC,
Zachary Hway651-341-0383,
Bear Island Realty LLC
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6126443
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 0
Main level bedrooms: 1
Primary bedroom
Level: Main
Area: 114 Square Feet
Dimensions: 12 x 9.5
Bedroom
Level: Main
Area: 76 Square Feet
Dimensions: 8 x 9.5
Dining room
Level: Main
Area: 64 Square Feet
Dimensions: 8 x 8
Great room
Level: Main
Area: 168 Square Feet
Dimensions: 14 x 12
Kitchen
Level: Main
Area: 48 Square Feet
Dimensions: 8 x 6
Sauna
Level: Main
Area: 96 Square Feet
Dimensions: 8 x 12
Heating
Radiant, Wood, Electric
Appliances
Included: Microwave, Range, Refrigerator
Features
Has basement: Yes
Number of fireplaces: 1
Fireplace features: Wood Burning
Interior area
Total interior livable area: 576 sqft
Finished area above ground: 576
Finished area below ground: 0
Property
Parking
Parking features: Off Street, Gravel, None
Has uncovered spaces: Yes
Features
Has view: Yes
View description: Inland Lake
Has water view: Yes
Water view: Lake
Waterfront features: Inland Lake, Waterfront Access(Private)
Body of water: Fall
Frontage length: 2000
Lot
Size: 2.5 Acres
Details
Foundation area: 576
Parcel number: 28631134850
Construction
Type & style
Home type: SingleFamily
Architectural style: Rustic
Property subtype: Single Family Residence
Materials
Log, Log Home
Condition
Previously Owned
Year built: 1960
Utilities & green energy
Electric: Minnesota Power
Sewer: Outhouse
Water: None
Community & HOA
HOA
Has HOA: No
Location
Region: Ely
Financial & listing details
Price per square foot: $686/sqft
Tax assessed value: $297,500
Annual tax amount: $1,947
Date on market: 6/30/2026
Cumulative days on market: 19 days
Listing terms: Cash,Conventional
Estimated market value
Zestimate®
$376,100
Estimated sales range
$357,000 - $395,000
Rent Zestimate®
$1,387/mo
Price history
Date
Event
Price
6/30/2026
Listed for sale
$395,000-28.1%$686/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6126443Report a problem
12/1/2025
Listing removed
$549,000$953/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6119869Report a problem
7/29/2025
Price change
$549,000-5.2%$953/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6119869Report a problem
6/5/2025
Listed for sale
$579,000+45.1%$1,005/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6119869Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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