1361 Peninsula Rd, Ely, MN 55731
Property image
Property image
OFF MARKET

$325,000

Last sold price

    1361 Peninsula Rd, Ely, MN 55731

    Currently Off Market - Sold Aug 21, 2025 for $325,000

    Home Value

    Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

    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
    3732 Hwy 169, Ely, MN
    2.60
    Lot/Land
    $290,000
    12/05/25
    -
    -
    TBD Moose Creek Tr, Ely, MN
    3.31
    Lot/Land
    $100,000
    04/01/26
    -
    -
    TBD Moose Junction Tr, Ely, MN
    5.31
    Lot/Land
    $51,000
    12/15/25
    -
    -
    XXX Burntside Lake Island, Ely, MN
    6.34
    Lot/Land
    $275,000
    10/09/25
    -
    -
    XXX Burntside Lake Island, Ely, MN
    6.31
    Lot/Land
    $250,000
    10/09/25
    -
    -
    TBD Arthur Lake, Babbitt, MN
    6.22
    Lot/Land
    $200,000
    04/24/26
    -
    -
    Tbd Arthur Lk, Babbitt, MN
    6.44
    Lot/Land
    $200,000
    04/24/26
    -
    -
    8440 N Hayland Rd, Tower, MN
    7.59
    Lot/Land
    $34,000
    09/03/26
    -
    -

    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
    - Peninsula Rd, Ely, MN 55731
    0.10
    -
    -
    -
    -
    Off Market
    1385 Peninsula Rd, Ely, MN 55731
    0.13
    $771,500
    3
    2
    1,968
    Off Market
    tbd Trygg Rd, Ely, MN 55731
    0.26
    -
    -
    -
    -
    Off Market
    1347 Walsh Rd, Ely, MN 55731
    0.32
    $599,000
    2
    2
    1,200
    For Sale
    1340 Walsh Rd, Ely, MN 55731
    0.40
    $495,000
    4
    2
    768
    For Sale
    1342 Walsh Rd, Ely, MN 55731
    0.40
    $295,000
    1
    0.5
    480
    For Sale
    1317 Walsh Rd, Ely, MN 55731
    0.42
    $950,200
    4
    2.5
    2,116
    Off Market
    3984 Stocking Point Dr, Ely, MN 55731
    0.50
    $583,700
    3
    1
    1,872
    Off Market
    TBD Stocking Point Rd #57, Ely, MN 55731
    0.59
    -
    -
    -
    -
    Off Market
    TBD Trygg Rd, Ely, MN 55731
    0.55
    -
    -
    -
    -
    Off Market

    Local Information

    • Map ViewExplore the area around 1361 Peninsula Rd.
    • Schools1 Preschool School1 Elementary School1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    Home Highlights

    Lot/Land
    3.35 acre lot

    About this House

    SPECTACULAR 3+ acre lake lot on highly sought after Eagles Nest 2 with 350' of fabulous shoreline! Amazing views of the crystal clear water are breathtaking from the elevated ledge rock build site. Towering pines and beautiful cedars at the water's edge create a quiet, private setting for your dream cabin or year round home. Stroll down an established path to enjoy the south facing shoreline. A level area near the water is perfect for gathering around a firepit or enjoying a book in a hammock. Don't miss this amazing opportunity!
    1361 Peninsula Rd, Ely, MN 55731 is a lot/land. It last sold for the $325,000 asking price on Aug 21, 2025. This property is not currently displayed as for sale or rent on Trulia.
    Last check for updates: about 14 hours ago
    Listed by Connie Coughlin, (218) 235-8289
    Bear Island Realty LLC
    Bought with: Dan Anderson, (218) 327-9889, Move it Real Estate Group/Lakehomes.com
    Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6120387

    Home Details for 1361 Peninsula Rd

    Interior Features

    Appliances & Utilities
    Utilities: Satellite
    Gas & Electric
    Electric: Lake Country PowerHas Electric on Property
    View
    Has a ViewView: Inland Lake

    Exterior Features

    Exterior Home Features
    Vegetation: Heavily Wooded
    Parking & Garage
    Parking: Gravel
    Frontage
    WaterfrontWaterfront: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Gravel, Shore-Accessible, Elevation-High)On Waterfront
    Water & Sewer
    Water Body: Eagles Nest 2
    Farm & Range
    Frontage Length: 350

    Days on Market

    Cumulative Days on Market: 6

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Property Information
    Condition: Raw LandParcel Number: 317023000230

    Price & Status

    Price
    List Price: $325,000
    Status Change & Dates
    Off Market Date: Wed Jul 02 2025Possession Timing: Immediate

    Active Status

    MLS Status: SOLD

    Location

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

    HOA

    No HOA

    Lot Information

    Lot Area: 3.35 Acres

    Offer

    Listing Terms: Cash, Conventional

    Miscellaneous

    Mls Number: 6120387Water ViewWater View: LakeAttribution Contact: ***

    Price and Tax history

    DateEventPrice
    Aug 21, 2025
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6120387
    		Sold
    $325,000
    Aug 9, 2025
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6120387
    		Pending
    $325,000
    Jul 2, 2025
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6120387
    		Contingent
    $325,000
    Jun 27, 2025
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6120387
    		Listed For Sale
    $325,000

    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
    5    MoM

    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
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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
      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

    LGBTQ Local Legal Protections

    Based on information submitted to the MLS GRID as of 2026-09-20 09:47:11 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

    Frequently asked questions about 1361 Peninsula Rd

    • What is the price history for 1361 Peninsula Rd?
      1361 Peninsula Rd in Ely, MN last sold for $325,000 in August 2025.
    • 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.
    • What are the closest schools to 1361 Peninsula Rd?
      The closest schools to 1361 Peninsula Rd in Ely, MN are Northeast Range Secondary (Middle/High, rated 6/10), Tower-Soudan Elementary School (Pre-K, rated 5/10).

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