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For sale
    • $649,000

    1550 Pyhola Rd, Ely, MN 55731

    2beds
    1,400sqft
    : 
    $4,350/mo
    Get pre-qualified
    Single Family Residence
    Built in 1935
    1.02 Acres Lot
    $605,800 Zestimate®
    $464/sqft
    $-- HOA

    What's special

    Stunning viewsAuthentic wood burning fireplaceFantastic views
    End of the road privacy and fantastic views at this White Iron Lake home! Located just 6 miles south of Ely off of Highway 1 is this very nice 2 BR, 1 bath (plus sauna) year around home or cabin! Located at the quiet south end of the lake where your awesome views are of gorgeous islands and 3 miles of federally owned wilderness shoreline! You can hear the roar of the Kawishiwi River in the distance as it flows into White Iron Lake. Great fishing very close by! This property has been used by the family for many years as their year around fishing and getaway cabin. The main floor has a large kitchen with attached dining room with great lake views! Then into the beautiful living room with an authentic wood burning fireplace! Down the hall is a large bathroom with walk-in shower. Also the large main bedroom looking right down the lake, and a second nice bedroom as well. Downstairs is the walk out basement, that is mostly unfinished, with a finished bonus room, and a large sauna with shower! Plenty of room to make a finished rec room there. Large deck all along the lakeside of the home will provide great lifetime memories! At the lake is a very large dock with 2 top quality boat lifts and all located in a quiet bay out of the wind! Large 2 stall insulated garage. Septic system and drilled well. This is a great property with stunning views, easy access to great fishing, and located on the largest lake chain in the Ely area and direct water access into the BWCAW!
    46 days
    |
    565
    |
    10
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeff Hway 218-349-0906,

    Bear Island Realty LLC,

    Zachary Hway 651-341-0383,

    Bear Island Realty LLC

    Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6126040MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bedrooms: 1
      Rooms
      • Room types: Sitting/Parlor
      Primary bedroom
      • Level: Main
      • Area: 121.5 Square Feet
      • Dimensions: 9 x 13.5
      Bedroom
      • Level: Main
      • Area: 121.5 Square Feet
      • Dimensions: 9 x 13.5
      Bonus room
      • Level: Lower
      • Area: 143 Square Feet
      • Dimensions: 11 x 13
      Entry hall
      • Level: Main
      • Area: 255 Square Feet
      • Dimensions: 15 x 17
      Kitchen
      • Description: Combined with Dining Room
      • Level: Main
      • Area: 287.5 Square Feet
      • Dimensions: 11.5 x 25
      Living room
      • Level: Main
      • Area: 248 Square Feet
      • Dimensions: 15.5 x 16
      Office
      • Level: Main
      • Area: 95 Square Feet
      • Dimensions: 9.5 x 10
      Sauna
      • Level: Lower
      • Area: 63.75 Square Feet
      • Dimensions: 7.5 x 8.5
      Heating
      • Fireplace(s), Forced Air, Propane
      Cooling
      • None
      Appliances
      • Laundry: Dryer Hook-Ups, Washer Hookup
      Features
      • Kitchen Island, Sauna, Vaulted Ceilings
      • Windows: Wood Frames
      • Basement: Partial,Egress Windows,Partially Finished,Walkout,Washer Hook-Ups,Dryer Hook-Ups
      • Number of fireplaces: 1
      • Fireplace features: Wood Burning
      Interior area
      • Total interior livable area: 1,400 sqft
      • Finished area above ground: 1,400
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Gravel, Detached, Electrical Service, Insulation, Slab
      • Garage spaces: 2
      Features
      • Has view: Yes
      • View description: Inland Lake, Panoramic
      • Has water view: Yes
      • Water view: Lake
      • Waterfront features: Inland Lake, Waterfront Access(Private)
      • Body of water: White Iron
      • Frontage length: 200
      Lot
      • Size: 1.02 Acres
      • Dimensions: 216 x 204
      Details
      • Foundation area: 1456
      • Parcel number: 465001003445
      • Zoning description: Residential

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Wood, Frame/Wood
      • Foundation: Concrete Perimeter
      • Roof: Asphalt Shingle
      Condition
      • Previously Owned
      • Year built: 1935

      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: $464/sqft
      • Tax assessed value: $396,100
      • Annual tax amount: $3,861
      • Date on market: 6/13/2026
      • Cumulative days on market: 48 days
      • Listing terms: Cash,Conventional

        Estimated market value

        $605,800

        $576,000 - $636,000

        $1,547/mo

        Price history

        DateEventPrice
        6/13/2026Listed for sale$649,000$464/sqft
        Source: Lake Superior Area Realtors as distributed by MLS GRID #6126040 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$3,634 -9.8%$396,100 +2.6%
        2023$4,030 +16.7%$386,100 -1.3%
        2022$3,454 +2.5%$391,000 +31%
        2021$3,370 $298,500
        2020$3,370 $298,500
        2019$3,370 -6.4%$298,500 -7.1%
        2018$3,600 -5.8%$321,200
        2017$3,822 +6.2%$321,200
        2016$3,600 -0.6%$321,200 -15%
        2015$3,620 -14.3%$378,100 +0.2%
        2014$4,222 -6.3%$377,500 -4.2%
        2013$4,507 +0.7%$394,100 -4.7%
        2012$4,475 +10.4%$413,400
        2011$4,054 +2.6%$413,400 -4.3%
        2010$3,951 $432,200
        2009$3,951 +15.4%$432,200 +22.4%
        2008$3,424 +4.6%$353,100 +15%
        2007$3,274 +15.2%$307,000 +17%
        2006$2,841 +34.7%$262,400 +85.7%
        2004$2,109 +13.2%$141,300 +14.9%
        2003$1,863 +21.5%$123,000 +17.3%
        2002$1,533 +2.7%$104,900 +21.6%
        2001$1,493 +6.2%$86,300 +9%
        2000$1,406 $79,200
        Find assessor info on the county website

        Monthly payment

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        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.
        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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        Climate risks

        Neighborhood: 55731

        Getting around

        0 / 100
        Car-Dependent
        12 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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