1385 Peninsula Rd, Ely, MN 55731
OFF MARKET

1385 Peninsula Rd
Ely, MN 55731

  • 3 Beds
  • 2 Baths
  • 1,968 sqft (on 5 acres)

$791,300

Trulia Estimate
as of Aug 11, 2026
Est. Refi. Payment $4,745/mo*
Refinance Your Home

$791,300

Trulia Estimate
as of Aug 11, 2026
Est. Refi. Payment $4,745/mo*
Refinance Your Home
3 Beds
2 Baths
1,968 sqft
(on 5 acres)

Local Information

  • Map ViewExplore the area around 1385 Peninsula 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
1978
Lot Size
5 acres
Living Area
1,968 sqft
Price/Sqft
$402
Parking
Garage

About this House

AMAZING HOUSE FOR SALE! Eagles Nest Lake 2 home with circle driveway, walkout lower level, wrap around deck and portico. 5 acres of towering pines and 852 feet of shoreline resembling a park! FireWise safe! Ledge rock outcroppings. Lake views from every window, perennial flower gardens. Dual fuel and off-peak electric heating (plus wood furnace), generator. Newer appliances and windows, lots of closets and storage. 3 bedrooms, owner's bath, guest bath, kitchen/dining room with center island & Cambria countertops, living room with fireplace, foyer, Lower level recreation room, bedroom and 4-season sun room on lakeside. 200 amp panels in the house and in the heated workshop attached to the 2 car garage. Wood shed and potting shed. Drilled well, lake water system and mound septic system. This is a must-see property to appreciate it!
1385 Peninsula Rd, Ely, MN 55731 is a 3 bedroom, 2 bathroom, 1,968 sqft single-family home built in 1978. It last sold for $675,000 on Dec 15, 2023 (4% below the $699,900 asking price). It is currently off market. The Trulia Estimate is $791,300, with a rent estimate of $2,240/month.

Home Details for 1385 Peninsula Rd

Interior Features

Interior Details
Basement: FullNumber of Rooms: 9Types of Rooms: Master Bedroom, Bedroom, Four Season Porch, Foyer, Kitchen, Living Room, Recreation Room
Beds & Baths
Number of Bedrooms: 3Main Level Bedrooms: 1Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 1
Dimensions and Layout
Living Area: 1968 Square Feet
Heating & Cooling
Heating: Baseboard,Dual Fuel/Off Peak,Fireplace(s),Forced Air,Ductless,ElectricHas HeatingHeating Fuel: Baseboard
Fireplace & Spa
Number of Fireplaces: 2Fireplace: Wood BurningHas a Fireplace
Gas & Electric
Electric: Lake Country Power
Levels, Entrance, & Accessibility
Number of Stories: 1
View
No View

Exterior Features

Exterior Home Features
Foundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Detached,Electrical Service,Heat,Utility Room
Frontage
WaterfrontWaterfront: Inland Lake, Waterfront Access(Private)On Waterfront
Water & Sewer
Sewer: Private SewerWater Body: Eagles Nest 2
Farm & Range
Frontage Length: 852
Finished Area
Finished Area (above surface): 1387 Square FeetFinished Area (below surface): 581 Square Feet

Days on Market

Cumulative Days on Market: 143

Property Information

Year Built
Year Built: 1978
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Cement Board, Frame/WoodNot a New Construction
Property Information
Condition: Previously OwnedParcel Number: 317023000265, 00260

Price & Status

Price
List Price: $699,900
Status Change & Dates
Off Market Date: Sat Oct 14 2023

Active Status

MLS Status: SOLD

Location

Direction & Address
City: Ely
School Information
High School District: Ely #696

HOA

No HOA

Lot Information

Lot Area: 5 Acres

Miscellaneous

BasementMls Number: 6108224Attribution Contact: ***Above Grade Unfinished Area: 1387
Last check for updates: about 2 hours ago
Listed by Karen Zupancich, (218) 349-2565
Edina Realty, Inc. - Virginia
Bought with: Patricia Bulinski, (218) 349-5595, Bear Island Realty LLC
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6108224

Price History for 1385 Peninsula Rd

DatePriceEventSource
12/15/2023$675,000Sold
Lake Superior Area Realtors as distributed by MLS GRID #6108224
10/16/2023$699,900PendingToActiveEdina Realty #145051
10/16/2023$699,900ContingentRange AOR #145051
10/15/2023$699,900PendingLake Superior Area Realtors as distributed by MLS GRID #6108224
09/13/2023$699,900PriceChange
Range AOR #145051
07/08/2023$764,000PriceChange
Lake Superior Area Realtors as distributed by MLS GRID #6108224
05/24/2023$775,000Listed For SaleRange AOR #145051

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
Skip to last item
  • Results are loading
Skip to first item

Property Tax and Assessment

Year2024
Tax$4,008
Assessment$584,300
Home facts updated by county records

Comparable Sales for 1385 Peninsula Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1531 Bear Head State Park Rd, Ely, MN
0.85
Single-Family Home
$335,000
07/17/26
1
1
1,056
3819 Dorem Dr, Ely, MN
1.81
Single-Family Home
$798,500
06/10/26
2
2.5
1,774
3806 Dorem Dr, Ely, MN
1.64
Single-Family Home
$250,000
07/24/26
2
1
720
3810 Mud Creek Rd, Ely, MN
2.07
Single-Family Home
$110,000
05/06/26
2
-
840
1859 Bobence Rd, Ely, MN
3.25
Single-Family Home
$420,000
06/22/26
3
3
1,532
1346 Bear Head State Park Rd, Ely, MN
2.54
Single-Family Home
$140,000
04/13/26
1
-
288
1755 Bradach Rd, Ely, MN
2.92
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.
Skip to last item
Skip to first item

Assigned Schools

These are the assigned schools for 1385 Peninsula 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. "
    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

LGBTQ Local Legal Protections

Apartments for Rent

Skip to last item
  • Results are loading
Skip to first item

Explore by feature - Garage

Homes for sale near 1385 Peninsula Rd

Skip to last item
Skip to first item

Off Market Homes Near 1385 Peninsula Rd

Skip to last item
Skip to first item

Frequently asked questions about 1385 Peninsula Rd

  • What is 1385 Peninsula Rd estimated to be worth?
    Trulia's estimated value for 1385 Peninsula Rd in Ely, MN is $791,300.
  • What is the price history for 1385 Peninsula Rd?
    1385 Peninsula Rd in Ely, MN last sold for $675,000 in December 2023.
  • 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 1385 Peninsula Rd?
    The lot at 1385 Peninsula Rd in Ely, MN is about 5 acres.
  • Does 1385 Peninsula Rd have a garage?
    Yes, 1385 Peninsula Rd in Ely, MN has a garage.
Based on information submitted to the MLS GRID as of 2026-08-10 15:47:27 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