Here's a Northwoods retreat people dream about but rarely find. This handcrafted log home on Farm Lake wraps you in warmth the moment you walk in — over 2,400 sq ft, wrapped in timber and sunlight. The main level is designed for togetherness: new custom kitchen cabinets, quartz countertops, a comfortable dining area, and a living room anchored by a cozy wood-burning stove. Two bedrooms & a full bath complete this level. Head up to the 700+ sq ft loft, with soaring ceilings, built-ins, and sweeping views make the space feel tucked-away and inspiring an artist’s nook or simply reading a book while the pines sway outside your window. The walk-out level is its own retreat, featuring the Primary Suite, a utility/laundry room, and a rec room made for hosting. Private woods take you to the 220 ft of shoreline. Incredible view from the custom built 100 ft perm newer dock, complete with benches and a kayak step, makes slipping into the lake a breeze Best of all the BWCA is just a paddle away.
For sale
$719,900
540 Loop Rd, Ely, MN 55731
3beds
2baths
2,480sqft
Est.:
Residential
Built in 2007
2.6 Acres Lot
$-- Zestimate®
$290/sqft
$-- HOA
What's special
Sweeping viewsPrivate woodsIncredible viewSoaring ceilingsPrimary suiteHandcrafted log homeQuartz countertops
- 14 hours |
- 382 |
- 23 |
Zillow last checked: 8 hours ago
Listing updated: 18 hours ago
Listed by:
Andrea Zupancich,
z' Up North Realty
Source: Range AOR,MLS#: 149371
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Bedroom 1
- Level: Main
- Area: 110
- Dimensions: 10 x 11
Bedroom 2
- Level: Main
- Area: 100
- Dimensions: 10 x 10
Bedroom 3
- Level: Lower
- Area: 160
- Dimensions: 10 x 16
Kitchen
- Area: 130
- Dimensions: 10 x 13
Living room
- Level: Main
- Area: 299
- Dimensions: 13 x 23
Heating
- Wood, Electric
Cooling
- Multi Units, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Electric Range, Microwave, Refrigerator, Washer, Elec. Dryer, Electric Water Heater
Features
- Basement: Block,Full,Walk-Out Access
- Has fireplace: Yes
- Fireplace features: Free Standing, Wood Burning
Interior area
- Total structure area: 2,480
- Total interior livable area: 2,480 sqft
- Finished area below ground: 850
Property
Parking
- Total spaces: 2
- Parking features: 2 Stalls, Detached
- Garage spaces: 2
Features
- Levels: One and One Half
- Patio & porch: Deck, Porch, Covered, Enclosed, Screened
- Exterior features: Guttering: Yes
- Fencing: None
- On waterfront: Yes
- Waterfront features: Lake Front
- Body of water: Farm
Lot
- Size: 2.6 Acres
- Dimensions: 225 x 475
- Features: Irregular Lot
Details
- Parcel number: 28631133337
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Residential
Materials
- Log Siding, Wood Frame
- Roof: Asphalt,Shingle
Condition
- Year built: 2007
Utilities & green energy
- Electric: Amps: 200
- Utilities for property: Septic, Well
Community & HOA
Location
- Region: Ely
Financial & listing details
- Price per square foot: $290/sqft
- Tax assessed value: $483,000
- Annual tax amount: $2,615
- Date on market: 12/10/2025
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/10/2025 | Listed for sale | $719,900+114.9%$290/sqft |
Source: Range AOR #149371 Report a problem | ||
| 2/4/2021 | Sold | $335,000$135/sqft |
Source:  Lake Superior Area Realtors #6094388 Report a problem | ||
| 1/12/2021 | Pending sale | $335,000$135/sqft |
Source: Lake Superior Area Realtors #6094388 Report a problem | ||
| 1/6/2021 | Contingent | $335,000$135/sqft |
Source: Lake Superior Area Realtors #6094388 Report a problem | ||
| 12/22/2020 | Pending sale | $335,000$135/sqft |
Source: Bear Island Land Co., Inc #6094388 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,615 -5.3% | $479,920 -0.8% |
| 2024 | $2,761 +49.6% | $483,626 +1.1% |
| 2023 | $1,845 +8.9% | $478,300 +125.8% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,206/mo
Principal & interest
$3504
Property taxes
$450
Home insurance
$252
Climate risks
Neighborhood: 55731
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
Schools provided by the listing agent
- District: Ely-696
Source: Range AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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