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For sale
  • $620,000

    1347 Walsh Rd, Ely, MN 55731

    2beds
    1,200sqft
    : 
    Single Family Residence
    Built in 1973
    1.55 Acres Lot
    $-- Zestimate®
    $517/sqft
    $-- HOA

    What's special

    Lakefront settingTimeless log constructionAdditional storageWarm cabin characterGenerous storageVaulted ceilingsBeautiful perennial gardens
    A rare Northwoods treasure on beautiful Eagles Nest Lake 2, this meticulously maintained custom log home offers the kind of lakefront setting buyers dream about. Privately tucked on approximately 1.55 wooded acres with an extraordinary 295 feet of picturesque shoreline, the property boasts a premier location along the scenic channel connecting Eagles Nest Lakes 1 and 2. The result is a peaceful, nature-filled retreat with stunning water views and exceptional access for paddling, fishing, boating, and quiet days along the shoreline. Crafted to embrace its spectacular surroundings, the home blends timeless log construction, refined comfort, and authentic Up North character. The main level welcomes you with an open, airy feel, vaulted ceilings, and a spacious living room centered around a grand wood-burning fireplace built with hand-picked local stone. It is the perfect gathering place after a day on the lake or a snowy winter afternoon in the woods. The updated kitchen and comfortable dining area flow seamlessly to the wraparound deck, creating effortless indoor-outdoor living for lakeview meals, morning coffee, summer entertaining, and peaceful evenings surrounded by nature. Upstairs, the primary suite feels like a private retreat, complete with a sitting area, ensuite bath, and thoughtfully designed built-ins that add both charm and functionality. All-new Marvin windows, new entry doors, generous storage, and quality updates enhance the home’s comfort, efficiency, and long-term value while preserving its warm cabin character. The walkout lower level expands the living space with a comfortable family room featuring a second fireplace, a large full bath, laundry and utility areas, and additional storage. With direct access to the lakeside patio, this level is ideal for year-round enjoyment, whether you are gathering by the fire in winter or stepping outside for summer days by the water. Adding even more versatility, the oversized two-stall garage includes a workshop and a charming finished bonus room above. Filled with natural light and offering generous square footage, this inviting space is well suited for a studio, crafting room, or extra space for family and friends. Outdoors, beautiful perennial gardens, vegetable gardens, lakeside decking, and inviting seating areas create a serene setting for grilling, relaxing, entertaining, and fully embracing the Northwoods lake lifestyle. Private, beautifully cared for, and rich with craftsmanship.
    3 days
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    994
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    43
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    Zillow last checked:

    Listing updated:

    Listed by:

    Kate Davies 218-343-9173,

    Bear Island Realty LLC,

    Anna Yahnke 218-235-3547,

    Bear Island Realty LLC

    Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6124916MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 1
      • 3/4 bathrooms: 1
      Primary bedroom
      • Level: Upper
      • Area: 336 Square Feet
      • Dimensions: 24 x 14
      Bathroom
      • Level: Upper
      • Area: 49 Square Feet
      • Dimensions: 7 x 7
      Bathroom
      • Level: Lower
      • Area: 40 Square Feet
      • Dimensions: 5 x 8
      Bonus room
      • Area: 275 Square Feet
      • Dimensions: 25 x 11
      Dining room
      • Level: Main
      • Area: 130 Square Feet
      • Dimensions: 10 x 13
      Family room
      • Level: Lower
      • Area: 253 Square Feet
      • Dimensions: 23 x 11
      Kitchen
      • Level: Main
      • Area: 182 Square Feet
      • Dimensions: 14 x 13
      Living room
      • Level: Main
      • Area: 360 Square Feet
      • Dimensions: 24 x 15
      Heating
      • Fireplace(s), Forced Air, Propane
      Cooling
      • Window Unit(s)
      Appliances
      • Included: Water Filtration System, Water Heater-Electric, Water Softener-Owned, Dryer, Microwave, Range, Refrigerator, Washer
      Features
      • Vaulted Ceilings
      • Doors: Patio Door
      • Basement: Full,Partially Finished,Walkout,Fireplace,Utility Room,Washer Hook-Ups,Dryer Hook-Ups
      • Number of fireplaces: 2
      • Fireplace features: Wood Burning, Basement
      Interior area
      • Total interior livable area: 1,200 sqft
      • Finished area above ground: 900
      • Finished area below ground: 300

      Property

      Parking
      • Total spaces: 2
      • Parking features: Gravel, Detached, Bedroom, Electrical Service, Heat, Insulation, Slab
      • Garage spaces: 2
      Features
      • Patio & porch: Deck
      • Exterior features: Dock
      • Has view: Yes
      • View description: Inland Lake, Panoramic
      • Has water view: Yes
      • Water view: Lake
      • Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Gravel, Sand, Shore-Accessible, Elevation-Medium)
      • Body of water: Eagles Nest 2
      • Frontage length: 295
      Lot
      • Size: 1.55 Acres
      • Dimensions: 250 x 280
      • Features: Accessible Shoreline, Tree Coverage - Medium
      Details
      • Additional structures: Storage Shed, Bunkhouse
      • Foundation area: 672
      • Parcel number: 317007000030
      • Zoning description: Residential
      • Other equipment: Fuel Tank-Rented

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Log
      • Property subtype: Single Family Residence
      Materials
      • Log, Log Home
      • Foundation: Concrete Perimeter
      • Roof: Metal
      Condition
      • Previously Owned
      • Year built: 1973

      Utilities & green energy

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

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Ely

      Financial & listing details

      • Price per square foot: $517/sqft
      • Tax assessed value: $440,600
      • Annual tax amount: $3,259
      • Date on market: 5/1/2026
      • Cumulative days on market: 4 days
      • Listing terms: Cash,Conventional
      • Road surface type: Paved
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/1/2026Listed for sale$620,000+129.6%$517/sqft
        Source: Lake Superior Area Realtors as distributed by MLS GRID #6124916 Report a problem
        2/4/2004Sold$270,000$225/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$2,922 -1.9%$440,600 +31.5%
        2023$2,978 -0.1%$335,100 +2.2%
        2022$2,982 -2.7%$327,900 +14.3%
        2021$3,066 $286,900 -3.2%
        2020$3,066 $296,500
        2019$3,066 +11.4%$296,500 +9.6%
        2018$2,752 +3.1%$270,600
        2017$2,670 -3%$270,600 +12.7%
        2016$2,752 +19%$240,200 +10.5%
        2015$2,312 -11.2%$217,300 -6.7%
        2014$2,604 +16.3%$232,900
        2013$2,238 +2.9%$232,900
        2012$2,174 -15.9%$232,900 -25.6%
        2011$2,586 -3.8%$313,200 -4.6%
        2010$2,686 $328,300
        2009$2,686 +77.2%$328,300 +39.4%
        2008$1,516 +11.5%$235,500 +15%
        2007$1,360 +14%$204,800 +15%
        2006$1,192 +26.3%$178,100 +32.2%
        2004$944 +3.8%$134,700 +12%
        2003$909 +11.2%$120,300 +10%
        2002$817 -3.3%$109,400 +8.5%
        2001$845 +22%$100,800 +8.5%
        2000$693 $92,900

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $3,750/mo
        Principal & interest
        $3197
        Property taxes
        $553
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          Climate risks

          Neighborhood: 55731

          Getting around

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          Car-Dependent
          27 / 100
          Somewhat Bikeable

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