Welcome to your Northern Minnesota retreat. Nestled on 5 private acres in Ely, this solid, efficient home offers the space and seclusion you’ve been searching for—without sacrificing convenience. This 4-bedroom, 3-bath home features warm tongue-and-groove woodwork throughout, adding character and craftsmanship. Generous living space flows naturally, providing room to spread out along with ample storage. The property is well-equipped for both everyday living and recreation, featuring a 30×40 pole building ideal for a workshop, equipment storage, or hobby space, along with a 28×32 detached garage with plenty of room for vehicles, boats, snowmobiles, and gear. A one-car attached garage offers added convenience, while the paved circular driveway ensures easy access year-round. Central A/C keeps the home comfortable during the summer months. Surrounded by five acres of privacy, this property offers a peaceful buffer from the outside world while remaining just minutes from downtown Ely’s shops, restaurants, and access to the Boundary Waters Canoe Area Wilderness. Enjoy endless outdoor recreation right out your door, with easy access to hiking, fishing, biking, snowmobiling, and countless lakes and trails that make Ely a true Northwoods destination. Built for all seasons, this is a home where you can host, store your toys, and truly enjoy the quiet. Solid bones, smart design, and room to breathe.
For sale
Price cut: $26K (6/2)
$499,000
2826 Cedar Lake Rd, Ely, MN 55731
4beds
2,722sqft
Single Family Residence
Built in 1978
5 Acres Lot
$-- Zestimate®
$183/sqft
$-- HOA
What's special
One-car attached garageWarm tongue-and-groove woodwork throughoutAmple storageGenerous living space
- 94 days |
- 320 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Lori Schulze 218-343-1787,
Keller Williams Classic Realty NW - Ely,
Heather Franciskovich 218-235-3895,
Keller Williams Classic Realty NW - Ely
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6124517
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 2
- Main level bedrooms: 1
Rooms
- Room types: Den/Office, Family/Rec, Mud Room, Utility Room, Workshop, Foyer, Great Room
Primary bedroom
- Description: Ample Closet space 9x5 3/4 bath
- Level: Main
- Area: 168 Square Feet
- Dimensions: 12 x 14
Bedroom
- Description: 2 Closets
- Level: Lower
- Area: 133.56 Square Feet
- Dimensions: 12.6 x 10.6
Bedroom
- Description: Large Closet Pine Walls
- Level: Main
- Area: 201.4 Square Feet
- Dimensions: 10.6 x 19
Bedroom
- Description: Pine walls Large Closet
- Level: Main
- Area: 169.6 Square Feet
- Dimensions: 10.6 x 16
Bathroom
- Level: Lower
- Area: 59.4 Square Feet
- Dimensions: 6.6 x 9
Bathroom
- Description: Whirlpool Tub
- Level: Main
- Area: 36 Square Feet
- Dimensions: 6 x 6
Bonus room
- Level: Lower
- Area: 512 Square Feet
- Dimensions: 32 x 16
Dining room
- Level: Main
- Area: 124.8 Square Feet
- Dimensions: 9.6 x 13
Family room
- Description: Propane Brick Fireplace
- Level: Lower
- Area: 361 Square Feet
- Dimensions: 19 x 19
Great room
- Description: New Addition 2016 Wood Floor Semi-vaulted ceiling
- Level: Main
- Area: 512 Square Feet
- Dimensions: 16 x 32
Kitchen
- Level: Main
- Area: 120 Square Feet
- Dimensions: 10 x 12
Living room
- Level: Main
- Area: 361 Square Feet
- Dimensions: 19 x 19
Heating
- Forced Air, Propane, Oil
Cooling
- Central Air
Appliances
- Laundry: Main Level, Dryer Hook-Ups, Washer Hookup
Features
- Ceiling Fan(s), Natural Woodwork, Vaulted Ceilings, Foyer-Entrance
- Flooring: Hardwood Floors
- Doors: Patio Door
- Basement: Full,Partially Finished,Walkout,Bath,Bedrooms,Den/Office,Family/Rec Room,Fireplace,Utility Room,Washer Hook-Ups,Dryer Hook-Ups
- Number of fireplaces: 1
- Fireplace features: Gas, Basement
Interior area
- Total interior livable area: 2,722 sqft
- Finished area above ground: 1,920
- Finished area below ground: 802
Property
Parking
- Total spaces: 5
- Parking features: Asphalt, Attached, Detached, Multiple, Slab
- Attached garage spaces: 5
Features
- Patio & porch: Deck, Patio
Lot
- Size: 5 Acres
- Dimensions: 658 x 332
Details
- Parcel number: 465002003701
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Vinyl, Wood, Frame/Wood
- Foundation: Concrete Perimeter
- Roof: Asphalt Shingle
Condition
- Year built: 1978
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: $183/sqft
- Tax assessed value: $372,300
- Annual tax amount: $2,931
- Date on market: 4/15/2026
- Cumulative days on market: 95 days
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/2/2026 | Price change | $499,000-5%$183/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6124517 Report a problem | ||
| 4/15/2026 | Listed for sale | $525,000$193/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6124517 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,090 +6.1% | $372,300 +4.2% |
| 2023 | $2,912 +6.4% | $357,200 +14.3% |
| 2022 | $2,736 +7.1% | $312,600 +15.1% |
| 2021 | $2,554 | $271,500 +5.2% |
| 2020 | $2,554 | $258,000 |
| 2019 | $2,554 +7.1% | $258,000 +2.5% |
| 2018 | $2,384 -0.9% | $251,700 |
| 2017 | $2,406 +0.9% | $251,700 +47.8% |
| 2016 | $2,384 +65.1% | $170,300 +14.8% |
| 2015 | $1,444 +2.3% | $148,400 |
| 2014 | $1,412 -4% | $148,400 -2.6% |
| 2013 | $1,470 +2.7% | $152,300 -2.8% |
| 2012 | $1,431 +25.7% | $156,700 -10.5% |
| 2011 | $1,139 -9.8% | $175,100 -7.1% |
| 2010 | $1,263 | $188,500 |
| 2009 | $1,263 -6.7% | $188,500 +3.3% |
| 2008 | $1,354 +10.5% | $182,400 +15% |
| 2007 | $1,225 +60.7% | $158,600 +15% |
| 2006 | $762 -29.2% | $137,900 +2.8% |
| 2004 | $1,076 -4.9% | $134,200 |
| 2003 | $1,132 +16% | $134,200 +6.7% |
| 2002 | $975 -31.3% | $125,800 +4.2% |
| 2001 | $1,419 +8.8% | $120,700 +8.5% |
| 2000 | $1,304 | $111,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 55731
Nearby schools
GreatSchools rating
- 6/10Washington Elementary SchoolGrades: PK-5Distance: 2.8 mi
- 7/10Memorial Middle SchoolGrades: 6-8Distance: 2.8 mi
- 9/10Memorial SecondaryGrades: 9-12Distance: 2.8 mi
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