1240 Walsh Rd, Ely, MN 55731
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Property image
OFF MARKET

1240 Walsh Rd
Ely, MN 55731

  • 2 Beds
  • 768 sqft (on 2 acres)

$345,400

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $2,113/mo*
Refinance Your Home

$345,400

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $2,113/mo*
Refinance Your Home
2 Beds
768 sqft
(on 2 acres)

Local Information

  • Map ViewExplore the area around 1240 Walsh Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1992
Lot Size
2 acres
Living Area
768 sqft
Price/Sqft
$450

About this House

THIS IS AN EXCEPTIONAL WATERFRONT PARCEL with 300 ft of frontage and beautiful tree cover of Birch, Spruce, Balsam and Pine. It is a very private and secluded lot with an unfinished 24 x 32 cabin and lots of room to build your dream log home! Brokered And Advertised By: Border Lakes Realty Listing Agent: Mark Larson
1240 Walsh Rd, Ely, MN 55731 is a 2 bedroom, 768 sqft single-family home built in 1992. It last sold for $295,000 on Mar 17, 2008. It is currently off market. The Trulia Estimate is $345,400, with a rent estimate of $1,486/month.

Home Details for 1240 Walsh Rd

Interior Features

Heating & Cooling
Heating: WoodHeating Fuel: Wood

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Wood

Property Information

Year Built
Year Built: 1992
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 2.00 acres

Price History for 1240 Walsh Rd

DatePriceEventSource
10/17/2012$275,000ListingRemovedAgent Provided
10/12/2012$275,000Listed For SaleAgent Provided
03/17/2008$295,000Sold
Lake Superior Area Realtors as distributed by MLS GRID #1798943

Market trends in Ely

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
96
16MoM
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Property Tax and Assessment

Year2024
Tax$1,548
Assessment$213,900
Home facts updated by county records

Comparable Sales for 1240 Walsh Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1233 Minnesota Blvd, Ely, MN
0.54
Single-Family Home
$120,000
01/13/26
1
1
572
1531 Bear Head State Park Rd, Ely, MN
1.97
Single-Family Home
$335,000
07/17/26
1
1
1,056
3772 Rustic Wood Rd, Ely, MN
1.96
Single-Family Home
$131,666
02/23/26
2
1
740
3806 Dorem Dr, Ely, MN
2.76
Single-Family Home
$250,000
07/24/26
2
1
720
1739 Bear Head State Park Rd, Ely, MN
2.83
Single-Family Home
$265,000
06/09/26
2
1
1,346
3819 Dorem Dr, Ely, MN
2.95
Single-Family Home
$798,500
06/10/26
2
2.5
1,774
3810 Mud Creek Rd, Ely, MN
3.31
Single-Family Home
$110,000
05/06/26
2
-
840
1346 Bear Head State Park Rd, Ely, MN
2.93
Single-Family Home
$140,000
04/13/26
1
-
288
1859 Bobence Rd, Ely, MN
4.32
Single-Family Home
$420,000
06/22/26
3
3
1,532
1755 Bradach Rd, Ely, MN
3.98
Single-Family Home
$260,000
07/08/26
1
1
694

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 1240 Walsh Rd.

What Locals Say about Ely

At least 8 Trulia users voted on each feature.

  • 93 % Say there's wildlife

  • 90 % Say kids play outside

  • 89 % Say car is needed

  • 88 % Say parking is easy

  • 86 % Say it's quiet

  • 83 % Say yards are well-kept

  • 83 % Say it's dog friendly

  • 80 % Say there's holiday spirit

  • 78 % Say people would walk alone at night

  • 77 % Say it's walkable to restaurants

  • 75 % Say there are sidewalks

  • 73 % Say streets are well-lit

  • 72 % Say neighbors are friendly

  • 69 % Say it's walkable to grocery stores

  • 45 % Say there are community events

  • 36 % Say they plan to stay for at least 5 years

Sourced by Trulia users. Learn more about our methodology.
  • Mavericksells
    "Ely is surrounded by forests and it’s a lovely, peaceful place to reside. There are wonderful restaurants, shops, a great movie theater and a variety of outdoor activities to choose from year round. "
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  • Derek H.
    "Ely is located at the end of the road. No roads go to much further north due to the boundary waters canoe area which strictly prohibits dwellings or any man made structures. Ely can seem like a long way from anywhere at times and the community recognizes this and most willing are willing to help whoever and whenever the need may arise. We take care of our own and then some . "
    7
    Flag
  • Jennifer P.
    "Don't move here if you don't like being out in the woods. ppl on this town take care of each other. even if you're new. as long as you show you want to be part of Ely. "
    0
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  • Jennifer P.
    "as a new comer to ely try to get into activities around town, especially if you have younger children who are not school age. jobs are not always easy to find and though the cost of living is fairly low you do money can get tight quickly. ely is a nice town but it's hard on you too. more work for less. your kids are safe here but still know who you're talking to before hand."
    3
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  • Rvhall
    "There is no public transport in this neighborhood , but Arrowhead transport does run in town for a nominal fee and there are weekly trips to Virginia Mn."
    0
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  • Lora L.
    "We have cab service and in town bus service. It’s a 25 block walk from first place in town to last. Generally, the city park,police,fire,library dot,and shopping district are within 8 blocks from anywhere."
    0
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LGBTQ Local Legal Protections

Apartments for Rent

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Homes for sale near 1240 Walsh Rd

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Off Market Homes Near 1240 Walsh Rd

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Frequently asked questions about 1240 Walsh Rd

  • What is 1240 Walsh Rd estimated to be worth?
    Trulia's estimated value for 1240 Walsh Rd in Ely, MN is $345,400.
  • What is the price history for 1240 Walsh Rd?
    1240 Walsh Rd in Ely, MN last sold for $295,000 in March 2008.
  • Is Ely a buyer's or seller's market?
    Ely is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Ely?
    Residents describe Ely, MN as easy to park in, quiet, and well-kept. Most residents say you need a car. See recently sold homes in Ely, MN.
  • How big is the lot at 1240 Walsh Rd?
    The lot at 1240 Walsh Rd in Ely, MN is about 2 acres.