Unique opportunity to own an affordable cabin in Ely with use of over 600 feet of West facing shoreline and awesome sunsets. Very well kept 3 bedroom fully furnished cabin conveniently located just 5 miles from town on excellent roads. Many upgrades and improvements over the last several years. This is an LLC shared ownership with this unit owning approximately 9.85 % of the LLC which represents the owners cabin and their share of the other "common property". Fully improved. Water, power, septic and LP gas. Grounds and general maintenance included in the reasonable quarterly maintenance fee. This is not a fractional share. Cabin use only by this specific shareholder, their family and friends. No rentals allowed or required.
Sold for $275,000
$275,000
469 Sunset Rd #5, Ely, MN 55731
3beds
1,150sqft
Single Family Residence
Built in 1950
3.58 Acres Lot
$317,000 Zestimate®
$239/sqft
$1,744 Estimated rent
Home value
$317,000
$288,000 - $349,000
$1,744/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: September 08, 2025 at 04:14pm
Listed by:
Kerry F Davis 218-235-1084,
Canoe Capital Realty, LLC
Bought with:
Jim Burke, MN 4669422
Keller Williams Classic Realty - Duluth
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6108285
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- 3/4 bathrooms: 2
- Main level bedrooms: 1
Primary bedroom
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12 x 12
Bedroom
- Level: Main
- Area: 99 Square Feet
- Dimensions: 9 x 11
Bathroom
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12 x 11
Bathroom
- Level: Main
- Area: 42 Square Feet
- Dimensions: 6 x 7
Bathroom
- Level: Main
- Area: 52 Square Feet
- Dimensions: 6.5 x 8
Deck
- Level: Main
- Area: 216 Square Feet
- Dimensions: 12 x 18
Kitchen
- Description: Kitchen and dining together
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13 x 10
Living room
- Description: Kitchen, dining and living room all flow together. Very open floor plan
- Level: Main
- Area: 374 Square Feet
- Dimensions: 17 x 22
Sun room
- Level: Main
- Area: 96 Square Feet
- Dimensions: 12 x 8
Heating
- Wall Unit(s), Propane
Features
- Basement: Posts,N/A
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 1,150 sqft
- Finished area above ground: 1,150
- Finished area below ground: 0
Property
Parking
- Parking features: None
Features
- Exterior features: Boat Slip
- Waterfront features: Inland Lake, Waterfront Access(Shared), Shoreline Characteristics(Sand)
- Body of water: White Iron
- Frontage length: 632
Lot
- Size: 3.58 Acres
- Dimensions: 632 x 246
- Features: Accessible Shoreline, BWCA Access
Details
- Parcel number: 28631132920
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Wood, Frame/Wood
- Roof: Metal
Condition
- Previously Owned
- Year built: 1950
Utilities & green energy
- Electric: Minnesota Power, Lake Country Power
- Sewer: Private Sewer, Shared Septic
- Water: Private, Shared
Community & neighborhood
Location
- Region: Ely
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $350 quarterly
- Amenities included: Beach Access
- Services included: Dock Maintenance, Maintenance Structure, Management, Shared Amenities, Snow Removal, Water, Maintenance Grounds
Other
Other facts
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 7/5/2023 | Sold | $275,000-8.3%$239/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6108285 Report a problem | ||
| 6/18/2023 | Pending sale | $299,900$261/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6108285 Report a problem | ||
| 6/15/2023 | Contingent | $299,900$261/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6108285 Report a problem | ||
| 5/26/2023 | Listed for sale | $299,900$261/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6108285 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 55731
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
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- Minnesota
- Lake County
- Ely
- 55731
- 469 Sunset Rd Unit 5