AMAZING HOUSE FOR SALE! Eagles Nest Lake 2 home with circle driveway, walkout lower level, wrap around deck and portico. 5 acres of towering pines and 852 feet of shoreline resembling a park! FireWise safe! Ledge rock outcroppings. Lake views from every window, perennial flower gardens. Dual fuel and off-peak electric heating (plus wood furnace), generator. Newer appliances and windows, lots of closets and storage. 3 bedrooms, owner's bath, guest bath, kitchen/dining room with center island & Cambria countertops, living room with fireplace, foyer, Lower level recreation room, bedroom and 4-season sun room on lakeside. 200 amp panels in the house and in the heated workshop attached to the 2 car garage. Wood shed and potting shed. Drilled well, lake water system and mound septic system. This is a must-see property to appreciate it!
Sold for $675,000 on 12/15/23
$675,000
1385 Peninsula Rd, Ely, MN 55731
3beds
1,968sqft
Single Family Residence
Built in 1978
5 Acres Lot
$748,500 Zestimate®
$343/sqft
$2,335 Estimated rent
Home value
$748,500
$666,000 - $846,000
$2,335/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 08, 2025 at 04:14pm
Listed by:
Karen Zupancich 218-349-2565,
Edina Realty, Inc. - Virginia
Bought with:
Patricia Bulinski, MN 20274047
Bear Island Realty LLC
Source: Lake Superior Area Realtors,MLS#: 6108224
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Description: Master bath with shower.
- Level: Main
- Area: 224 Square Feet
- Dimensions: 14 x 16
Bedroom
- Description: Private bedroom away from the master with lake views. Can be used as an office, if desired. Large closets and lots of storage.
- Level: Main
- Area: 150 Square Feet
- Dimensions: 10 x 15
Bedroom
- Description: New windows overlooking the lake.
- Level: Lower
- Area: 90 Square Feet
- Dimensions: 9 x 10
Other
- Description: Beautiful porch with sky lights in back of house on kitchen/dining room side. Great for lounging or outdoor cooking!
- Level: Main
- Area: 230 Square Feet
- Dimensions: 10 x 23
Other
- Description: Wraparound windows with gorgeous lake views.
- Level: Lower
- Area: 147 Square Feet
- Dimensions: 7 x 21
Foyer
- Description: Closet for coats and boots.
- Level: Main
- Area: 56 Square Feet
- Dimensions: 7 x 8
Kitchen
- Description: Open kitchen/dining room with newer windows, cabinets, appliances, center island and Cambria countertops. Brick fireplace.
- Level: Main
- Area: 112 Square Feet
- Dimensions: 8 x 14
Living room
- Description: Fireplace wall separating kitchen/dining room and living room. New windows overlooking Eagles Nest Lake. Door to outside wrap-around deck.
- Level: Main
- Area: 651 Square Feet
- Dimensions: 21 x 31
Rec room
- Description: Walkout lower level with large recreational room. Large built-in corner desk/work area. Multiple use and could be used as a bar.
- Level: Lower
- Area: 273 Square Feet
- Dimensions: 13 x 21
Heating
- Baseboard, Dual Fuel/Off Peak, Fireplace(s), Forced Air, Ductless, Electric
Features
- Basement: Full
- Number of fireplaces: 2
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 1,968 sqft
- Finished area above ground: 1,387
- Finished area below ground: 581
Property
Parking
- Total spaces: 2
- Parking features: Detached, Electrical Service, Heat, Utility Room
- Garage spaces: 2
Features
- Waterfront features: Inland Lake, Waterfront Access(Private)
- Body of water: Eagles Nest 2
- Frontage length: 852
Lot
- Size: 5 Acres
- Dimensions: 712 x 95
Details
- Parcel number: 317023000265,00260
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Cement Board, Frame/Wood
- Foundation: Concrete Perimeter
Condition
- Previously Owned
- New construction: No
- Year built: 1978
Utilities & green energy
- Electric: Lake Country Power
- Sewer: Private Sewer
- Water: Drilled
Community & neighborhood
Location
- Region: Ely
Price history
| Date | Event | Price |
|---|---|---|
| 12/15/2023 | Sold | $675,000-3.6%$343/sqft |
Source:  Lake Superior Area Realtors #6108224 | ||
| 10/16/2023 | Listed for sale | $699,900$356/sqft |
Source:  Edina Realty #145051 | ||
| 10/16/2023 | Contingent | $699,900$356/sqft |
Source: Range AOR #145051 | ||
| 10/15/2023 | Pending sale | $699,900$356/sqft |
Source: Lake Superior Area Realtors #6108224 | ||
| 9/13/2023 | Price change | $699,900-8.4%$356/sqft |
Source: Range AOR #145051 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,008 -1.6% | $584,300 +32.3% |
| 2023 | $4,074 +1.2% | $441,800 +2.6% |
| 2022 | $4,026 -2.3% | $430,400 +17.5% |
Find assessor info on the county website
Neighborhood: 55731
Nearby schools
GreatSchools rating
- 5/10Tower-Soudan Elementary SchoolGrades: PK-6Distance: 7.7 mi
- 6/10Northeast Range SecondaryGrades: 7-12Distance: 11 mi
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