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.
For sale
$620,000
1347 Walsh Rd, Ely, MN 55731
2beds
1,200sqft
Est.:
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
- 3 days |
- 994 |
- 43 |
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#: 6124916
Tour with a local agent
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
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Listed for sale | $620,000+129.6%$517/sqft |
Source: | ||
| 2/4/2004 | Sold | $270,000$225/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
More affordability tools
Climate risks
Neighborhood: 55731
Nearby schools
GreatSchools rating
- 5/10Tower-Soudan Elementary SchoolGrades: PK-6Distance: 8 mi
- 6/10Northeast Range SecondaryGrades: 7-12Distance: 10.5 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Minnesota
- Saint Louis County
- Ely
- 55731
- 1347 Walsh Rd




