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Sold for $377,000
  • Zillow Home logoZestimate®
    $377,000

    1583 Jewel Ridge Rd, Ely, MN 55731

    2beds
    728sqft
    Single Family Residence
    Built in 2004
    10 Acres Lot
    $377,000 Zestimate®
    $518/sqft
    $1,338 Estimated rent

    Home value

    $377,000

    $358,000 - $396,000

    $1,338/mo

    Zestimate® history
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    What's special

    Filled with natural light
    From the moment you arrive, this beautifully maintained 10-acre property captures the essence of Northwoods living. This unique property is peaceful, private, and immersed in nature, yet just 12 minutes from downtown Ely. A diverse forest of red and white pine, maple, oak, spruce, and birch surrounds the home, with granite outcroppings and rugged ridges adding character to the landscape. The year-round 2-bedroom one level home blends cabin-in-the-woods charm with modern comfort. Filled with natural light, the open-flow living space feels warm and inviting, offering an ideal place to relax after a day of paddling, hiking, or exploring the surrounding wilderness. A wood-burning fireplace adds classic Northwoods character, while backup electric heat provides added comfort and peace of mind. The kitchen features generous counter space and connects easily with the main living areas. Front and back decks create inviting outdoor spaces for morning coffee, afternoon shade, and quiet evenings under the stars. Raised garden beds, established raspberries, and a 10x12 storage shed add both function and charm to the grounds. A separate detached outbuilding has been beautifully finished as a premium guest studio or private artist retreat providing an additional 430 sq. ft. of living space. Perfect for visiting friends and family, a home office, creative space, or personal getaway, this unique addition offers exceptional versatility. Close to town while still feeling completely private and wild, this property is an ideal basecamp for hikers, paddlers, nature lovers, and anyone seeking a quieter connection to the Northwoods. With wilderness lakes nearby and endless opportunities for outdoor adventure, this special property offers a rare combination of privacy, comfort, and flexibility. Your gateway to Northwoods adventure awaits.

    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

    Bought with:

    Jeff Hway, MN 20328116

    Bear Island Realty LLC

    Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6127341MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Bedroom
    • Level: Main
    • Area: 108 Square Feet
    • Dimensions: 12 x 9
    Bedroom
    • Level: Lower
    • Area: 99 Square Feet
    • Dimensions: 11 x 9
    Kitchen
    • Level: Main
    • Area: 162 Square Feet
    • Dimensions: 18 x 9
    Living room
    • Level: Main
    • Area: 221 Square Feet
    • Dimensions: 13 x 17
    Other
    • Description: Garage converted into a studio.
    • Level: Main
    • Area: 432 Square Feet
    • Dimensions: 18 x 24
    Heating
    • Fireplace(s), Wood, Electric
    Appliances
    • Included: Water Heater-Electric, Dryer, Microwave, Range, Refrigerator, Washer
    • Laundry: Main Level
    Features
    • Natural Woodwork
    • Flooring: Hardwood Floors
    • Windows: Energy Windows
    • Basement: N/A
    • Number of fireplaces: 1
    • Fireplace features: Wood Burning
    Interior area
    • Total interior livable area: 728 sqft
    • Finished area above ground: 728
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Gravel, None
    Features
    • Has view: Yes
    • View description: Panoramic
    Lot
    • Size: 10 Acres
    • Dimensions: 340 x 1250
    • Features: Tree Coverage - Heavy, High, Rolling Slope
    Details
    • Additional structures: Storage Shed, Studio
    • Foundation area: 728
    • Parcel number: 465002002020
    • Zoning description: Residential
    • Wooded area: 435600

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Single Family Residence
    Materials
    • Wood, Frame/Wood
    • Roof: Asphalt Shingle
    Condition
    • Previously Owned
    • Year built: 2004

    Utilities & green energy

    • Electric: Lake Country Power
    • Sewer: Mound Septic
    • Water: Drilled
    • Utilities for property: DSL, Satellite

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Ely

    Financial & listing details

    • Price per square foot: $518/sqft
    • Tax assessed value: $207,200
    • Annual tax amount: $1,147
    • Date on market: 8/13/2026
    • Cumulative days on market: 23 days
    • Listing terms: Conventional

    Price history

    DateEventPrice
    10/7/2026Sold$377,000+1.9%$518/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6127341 Report a problem
    9/15/2026Pending sale$370,000$508/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6127341 Report a problem
    8/13/2026Listed for sale$370,000+131.4%$508/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6127341 Report a problem
    12/6/2004Sold$159,900+300.8%$220/sqft
    Source: Public Record Report a problem
    7/25/2003Sold$39,900-13.1%$55/sqft
    Source: Public Record Report a problem
    3/26/2003Sold$45,900+31.1%$63/sqft
    Source: Public Record Report a problem
    10/18/2001Sold$35,000$48/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,230 -5.4%$207,200 +3.2%
    2024$1,300 +7.3%$200,800 +11.7%
    2023$1,212 -23.9%$179,700 +13.2%
    2022$1,592 +7.4%$158,700 +15.8%
    2021$1,482 $137,000 +3.9%
    2020$1,482 $131,900
    2019$1,482 +3.3%$131,900 +1.5%
    2018$1,434 -0.4%$129,900
    2017$1,440 +0.4%$129,900 +7.8%
    2016$1,434 +7.3%$120,500
    2015$1,336 +3.2%$120,500
    2014$1,294 -6.6%$120,500 -4.4%
    2013$1,385 +1.3%$126,000 -3.8%
    2012$1,367 +8.6%$131,000 -1.5%
    2011$1,258 +1.3%$133,000 -5.3%
    2010$1,242 $140,400
    2009$1,242 +15%$140,400 +20.6%
    2008$1,080 +6%$116,400 +15%
    2007$1,018 +72.8%$101,200 +69.5%
    2006$590 $59,700
    Find assessor info on the county website

    Neighborhood: 55731

    Nearby schools

    GreatSchools rating
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