Custom built Log home featuring a large wrap around deck with panoramic views of Eagles Nest Lake #3. A custom built log sauna with wood heat. Sauna, changing room and attached 3 season screened porch that overlooks the lake's bay. This home is exactly what you would expect and wish for; Natural log, wood floors, open vaulted beamed ceilings, loft with skylight to watch the moon & stars, bright spaces, massive rock fireplace built upon a full foundation with interior and exterior access. This is an ideal setting between the Lake and State forest across the road. Quiet, peaceful and ideally located between Tower and Ely makes this that perfect setting for creating memories of a life enjoyed.
Sold for $695,000 on 06/17/24
$695,000
3945 Swanson Shores Rd, Ely, MN 55731
2beds
1,492sqft
Single Family Residence
Built in 1992
1.35 Acres Lot
$714,100 Zestimate®
$466/sqft
$1,609 Estimated rent
Home value
$714,100
$600,000 - $828,000
$1,609/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 08, 2025 at 04:20pm
Listed by:
Janet Erchul 218-365-2100,
Ely Realty,
Paul Solberg 218-730-7848,
Ely Realty
Bought with:
Anna Yahnke, MN 20593852
Bear Island Realty LLC
Source: Lake Superior Area Realtors,MLS#: 6112724
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 1
Bedroom
- Description: Hardwood floors
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12 x 12
Bedroom
- Description: Hardwood Floors
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12 x 12
Bathroom
- Description: Features clawfoot tub with shower. Huge linen closet.
- Level: Main
- Area: 69 Square Feet
- Dimensions: 5.75 x 12
Deck
- Description: North facing portion of wraparound deck
- Level: Main
- Area: 280.5 Square Feet
- Dimensions: 8.5 x 33
Deck
- Description: Private balcony with views of forested state land
- Level: Upper
- Area: 120 Square Feet
- Dimensions: 6 x 20
Deck
- Description: East facing portion of wraparound deck
- Level: Main
- Area: 313.88 Square Feet
- Dimensions: 7.75 x 40.5
Dining room
- Description: Open vaulted ceilings
- Level: Main
- Area: 104 Square Feet
- Dimensions: 8 x 13
Kitchen
- Description: Combined Kitchen with Informal Dining Room
- Level: Main
- Area: 129.5 Square Feet
- Dimensions: 7 x 18.5
Living room
- Description: Open Vaulted ceiling with fantastic custom native rock wood burning fireplace. Panoramic view overlooking the lake.
- Level: Main
- Area: 296 Square Feet
- Dimensions: 16 x 18.5
Loft
- Description: Currently used as master bedroom featuring private balcony. Vaulted ceiling with lake views.
- Level: Upper
- Area: 326.63 Square Feet
- Dimensions: 19.5 x 16.75
Sauna
- Description: Separate log Sauna with changing room and separate sauna room 8.5 X 7
- Area: 262.5 Square Feet
- Dimensions: 14 x 18.75
Other
- Description: Attached to log Sauna building. Wonderful lake views.
Heating
- Fireplace(s), Forced Air, Wood, Propane
Features
- Basement: Full,Unfinished
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 1,492 sqft
- Finished area above ground: 1,492
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached, Electrical Service
- Garage spaces: 2
Features
- Waterfront features: Inland Lake, Waterfront Access(Private)
- Body of water: Eagles Nest 3
- Frontage length: 242
Lot
- Size: 1.35 Acres
- Dimensions: 268 x 293 x 224 x 295
Details
- Foundation area: 1024
- Parcel number: 317018000210 & 00220
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Log
- Property subtype: Single Family Residence
Materials
- Log, Log Home
- Foundation: Concrete Perimeter
- Roof: Asphalt Shingle
Condition
- Previously Owned
- Year built: 1992
Utilities & green energy
- Electric: Lake Country Power
- Sewer: Private Sewer
- Water: Private
Community & neighborhood
Location
- Region: Ely
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2024 | Sold | $695,000-0.7%$466/sqft |
Source:  Lake Superior Area Realtors #6112724 | ||
| 5/13/2024 | Pending sale | $700,000$469/sqft |
Source: Lake Superior Area Realtors #6112724 | ||
| 4/1/2024 | Contingent | $700,000$469/sqft |
Source: Lake Superior Area Realtors #6112724 | ||
| 3/19/2024 | Listed for sale | $700,000$469/sqft |
Source: Lake Superior Area Realtors #6112724 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,474 -2.9% | $604,800 +32.6% |
| 2023 | $4,608 +1.8% | $456,200 +2.9% |
| 2022 | $4,528 -3.7% | $443,300 +19.9% |
Find assessor info on the county website
Neighborhood: 55731
Nearby schools
GreatSchools rating
- 5/10Tower-Soudan Elementary SchoolGrades: PK-6Distance: 8.1 mi
- 6/10Northeast Range SecondaryGrades: 7-12Distance: 9.6 mi
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