1347 Walsh Rd, Ely, MN 55731
Property image
Property image
FOR SALE
3D VIEW
1.55 ACRES

$599,000

Original price: $620,000
  • 2 Beds
  • 2 Baths
  • 1,200 sqft (on 1.55 acres)

1347 Walsh Rd, Ely, MN 55731

Est. Mortgage $3,852/mo*
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Home Highlights

Single-Family Home
Built in 1973
1.55 acre lot
$499/sqft
Garage

Local Information

  • Map ViewExplore the area around 1347 Walsh Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

A rare Northwoods treasure on beautiful Eagles Nest Lake 2, this meticulously maintained custom log home offers the kind of lakefront setting buyers dream about. Privately tucked on approximately 1.55 wooded acres with an extraordinary 295 feet of picturesque shoreline, the property boasts a premier location along the scenic channel connecting Eagles Nest Lakes 1 and 2. The result is a peaceful, nature-filled retreat with stunning water views and exceptional access for paddling, fishing, boating, and quiet days along the shoreline. Crafted to embrace its spectacular surroundings, the home blends timeless log construction, refined comfort, and authentic Up North character. The main level welcomes you with an open, airy feel, vaulted ceilings, and a spacious living room centered around a grand wood-burning fireplace built with hand-picked local stone. It is the perfect gathering place after a day on the lake or a snowy winter afternoon in the woods. The updated kitchen and comfortable dining area flow seamlessly to the wraparound deck, creating effortless indoor-outdoor living for lakeview meals, morning coffee, summer entertaining, and peaceful evenings surrounded by nature. Upstairs, the primary suite feels like a private retreat, complete with a sitting area, ensuite bath, and thoughtfully designed built-ins that add both charm and functionality. All-new Marvin windows, new entry doors, generous storage, and quality updates enhance the home’s comfort, efficiency, and long-term value while preserving its warm cabin character. The walkout lower level expands the living space with a comfortable family room featuring a second fireplace, a large full bath, laundry and utility areas, and additional storage. With direct access to the lakeside patio, this level is ideal for year-round enjoyment, whether you are gathering by the fire in winter or stepping outside for summer days by the water. Adding even more versatility, the oversized two-stall garage includes a workshop and a charming finished bonus room above. Filled with natural light and offering generous square footage, this inviting space is well suited for a studio, crafting room, or extra space for family and friends. Outdoors, beautiful perennial gardens, vegetable gardens, lakeside decking, and inviting seating areas create a serene setting for grilling, relaxing, entertaining, and fully embracing the Northwoods lake lifestyle. Private, beautifully cared for, and rich with craftsmanship.
Last check for updates: about 6 hours ago
Listing courtesy of Kate Davies, (218) 343-9173
Bear Island Realty LLC
Anna Yahnke, (218) 235-3547
Bear Island Realty LLC
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6124916
Also Listed on Lake Superior Area Realtors as distributed by MLS GRID.

Home Details for 1347 Walsh Rd

Interior Features

Interior Details
Basement: Full,Partially Finished,Walkout,Fireplace,Utility Room,Washer Hook-Ups,Dryer Hook-UpsNumber of Rooms: 8Types of Rooms: Master Bedroom, Bathroom, Bonus Room, Dining Room, Family Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 1
Dimensions and Layout
Living Area: 1200 Square FeetFoundation Area: 672
Appliances & Utilities
Appliances: Water Filtration System, Water Heater-Electric, Water Softener-Owned, Dryer, Microwave, Range, Refrigerator, WasherDryerMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Fireplace(s),Forced Air,PropaneHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Fireplace S
Fireplace & Spa
Number of Fireplaces: 2Fireplace: Wood Burning, BasementHas a Fireplace
Gas & Electric
Electric: Lake Country Power
Windows, Doors, Floors & Walls
Door: Patio Door
Levels, Entrance, & Accessibility
Number of Stories: 1
View
Has a ViewView: Inland Lake, Panoramic

Exterior Features

Exterior Home Features
Roof: MetalPatio / Porch: DeckOther Structures: Storage Shed, BunkhouseExterior: DockFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Gravel,Detached,Bedroom,Electrical Service,Heat,Insulation,Slab
Frontage
WaterfrontWaterfront: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Gravel, Sand, Shore-Accessible, Elevation-Medium)Road Frontage: County Road, TownshipResponsible for Road Maintenance: Public Maintained RoadRoad Surface Type: PavedOn Waterfront
Water & Sewer
Sewer: Private Sewer, Mound SepticWater Body: Eagles Nest 2
Farm & Range
Frontage Length: 295
Finished Area
Finished Area (above surface): 900 Square FeetFinished Area (below surface): 300 Square Feet

Days on Market

Cumulative Days on Market: 62Days on Market: 142

Property Information

Year Built
Year Built: 1973
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Log
Building
Construction Materials: Log, Log Home
Property Information
Condition: Previously OwnedParcel Number: 317007000030

Price & Status

Price
List Price: $599,000Price Per Sqft: $499
Status Change & Dates
Possession Timing: Immediate

Active Status

MLS Status: ACTIVE

Location

Direction & Address
City: Ely
School Information
High School District: St. Louis County #2142

Agent Information

Listing Agent
Listing ID: 6124916

HOA

No HOA

Lot Information

Lot Area: 1.55 Acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 6124916Water ViewWater View: LakeAttribution Contact: ***Above Grade Unfinished Area: 900

Around this home

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. "
    0
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag

Market trends in Ely

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
103
5MoM

Home Value

Trulia Estimate
$571K
Since last month
Increased$10K (+1.8%)
Since last year
Increased$50K (+9.5%)
Since last sale
Increased$301K (+111.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +122% in the last 10 years
MonthEstimated value
2026
September 2026$571K
August 2026$561K
July 2026$566K
June 2026$590K
May 2026$600K
April 2026$507K
March 2026$503K
February 2026$491K
January 2026$497K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1531 Bear Head State Park Rd, Ely, MN
0.86
Single-Family Home
$335,000
07/17/26
1
1
1,056
3806 Dorem Dr, Ely, MN
1.64
Single-Family Home
$250,000
07/24/26
2
1
720
3819 Dorem Dr, Ely, MN
1.83
Single-Family Home
$798,500
06/10/26
2
2.5
1,774
1675 Bradach Rd, Ely, MN
2.24
Single-Family Home
$780,000
08/12/26
3
2
1,916
3810 Mud Creek Rd, Ely, MN
2.22
Single-Family Home
$110,000
05/06/26
2
-
840
1859 Bobence Rd, Ely, MN
3.21
Single-Family Home
$420,000
06/22/26
3
3
1,532
1346 Bear Head State Park Rd, Ely, MN
2.19
Single-Family Home
$140,000
04/13/26
1
-
288

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1342 Walsh Rd, Ely, MN 55731
0.09
$295,000
1
0.5
480
For Sale
1340 Walsh Rd, Ely, MN 55731
0.09
$495,000
4
2
768
For Sale
3984 Stocking Point Dr, Ely, MN 55731
0.23
$583,700
3
1
1,872
Off Market
1317 Walsh Rd, Ely, MN 55731
0.29
$950,200
4
2.5
2,116
Off Market
TBD Stocking Point Rd #57, Ely, MN 55731
0.28
-
-
-
-
Off Market
1361 Peninsula Rd, Ely, MN 55731
0.32
-
-
-
-
Off Market
3945 Stocking Point Dr, Ely, MN 55731
0.30
$483,500
2
1.5
972
Off Market
- Peninsula Rd, Ely, MN 55731
0.40
-
-
-
-
Off Market
1385 Peninsula Rd, Ely, MN 55731
0.44
$771,500
3
2
1,968
Off Market
tbd Trygg Rd, Ely, MN 55731
0.57
-
-
-
-
Off Market

Price and Tax history

DateEventPrice
Jun 30, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6124916
PriceChange
$599,000
Price decreased by 3%
May 1, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6124916
Listed For Sale
$620,000
Feb 4, 2004
Source: N/A
Sold
$270,000

LGBTQ Local Legal Protections

Kate Davies, Bear Island Realty LLC
Agent Phone: (218) 343-9173
Based on information submitted to the MLS GRID as of 2026-09-20 12:32:10 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information

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Frequently asked questions about 1347 Walsh Rd

  • What is the estimated monthly payment for 1347 Walsh Rd?
    Based on a $599,000 list price with 20% down at today's rates, the estimated monthly payment for 1347 Walsh Rd in Ely, MN is approximately $3,886 (about $3,277 principal & interest, $534 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • 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 homes for sale in Ely, MN.
  • What are the closest schools to 1347 Walsh Rd?
    The closest schools to 1347 Walsh Rd in Ely, MN are Northeast Range Secondary (Middle/High, rated 6/10), Tower-Soudan Elementary School (Pre-K, rated 5/10).
  • What is 1347 Walsh Rd estimated to be worth?
    Trulia's estimated value for 1347 Walsh Rd in Ely, MN is $571,100.
  • Does 1347 Walsh Rd have air conditioning?
    Yes, 1347 Walsh Rd in Ely, MN has air conditioning.
  • Does 1347 Walsh Rd have laundry facilities?
    Yes, 1347 Walsh Rd in Ely, MN has in-unit laundry.
1347 Walsh Rd, Ely, MN 55731 is a 2 bedroom, 2 bathroom, 1,200 sqft single-family home built in 1973. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on May 1, 2026. The MLS # for this home is MLS# 6124916.