1550 Pyhola Rd, Ely, MN 55731
Property image
Property image
FOR SALE
3D VIEW
1.02 ACRES

1550 Pyhola Rd
Ely, MN 55731

  • 2 Beds
  • 1 Bath
  • 1,400 sqft (on 1.02 acres)

$649,000

Est. Mortgage $3,966/mo*
Get Pre-Qualified

$649,000

Est. Mortgage $3,966/mo*
Get Pre-Qualified
2 Beds
1 Bath
1,400 sqft
(on 1.02 acres)

Home Highlights

Parking
Garage
Climate Control
Heating only
Price/Sqft
$464
Listed
61 days ago

Local Information

  • Map ViewExplore the area around 1550 Pyhola Rd.
-- mins to
Commute Destination

About this House

End of the road privacy and fantastic views at this White Iron Lake home! Located just 6 miles south of Ely off of Highway 1 is this very nice 2 BR, 1 bath (plus sauna) year around home or cabin! Located at the quiet south end of the lake where your awesome views are of gorgeous islands and 3 miles of federally owned wilderness shoreline! You can hear the roar of the Kawishiwi River in the distance as it flows into White Iron Lake. Great fishing very close by! This property has been used by the family for many years as their year around fishing and getaway cabin. The main floor has a large kitchen with attached dining room with great lake views! Then into the beautiful living room with an authentic wood burning fireplace! Down the hall is a large bathroom with walk-in shower. Also the large main bedroom looking right down the lake, and a second nice bedroom as well. Downstairs is the walk out basement, that is mostly unfinished, with a finished bonus room, and a large sauna with shower! Plenty of room to make a finished rec room there. Large deck all along the lakeside of the home will provide great lifetime memories! At the lake is a very large dock with 2 top quality boat lifts and all located in a quiet bay out of the wind! Large 2 stall insulated garage. Septic system and drilled well. This is a great property with stunning views, easy access to great fishing, and located on the largest lake chain in the Ely area and direct water access into the BWCAW!

Home Details for 1550 Pyhola Rd

Interior Features

Interior Details
Basement: Partial,Egress Windows,Partially Finished,Walkout,Washer Hook-Ups,Dryer Hook-UpsNumber of Rooms: 8Types of Rooms: Master Bedroom, Bedroom, Bonus Room, Entry Hall, Kitchen, Living Room, Office, Sauna
Beds & Baths
Number of Bedrooms: 2Main Level Bedrooms: 1Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1400 Square FeetFoundation Area: 1456
Appliances & Utilities
Laundry: Dryer Hook-Ups,Washer Hookup
Heating & Cooling
Heating: Fireplace(s),Forced Air,PropaneNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Fireplace S
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Wood BurningHas a Fireplace
Gas & Electric
Electric: Lake Country Power
Windows, Doors, Floors & Walls
Window: Wood Frames
Levels, Entrance, & Accessibility
Number of Stories: 1
View
Has a ViewView: Inland Lake, Panoramic

Exterior Features

Exterior Home Features
Roof: Asphalt ShingleFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Gravel,Detached,Electrical Service,Insulation,Slab
Frontage
WaterfrontWaterfront: Inland Lake, Waterfront Access(Private)On Waterfront
Water & Sewer
Sewer: Private Sewer, Mound SepticWater Body: White Iron
Farm & Range
Frontage Length: 200
Finished Area
Finished Area (above surface): 1400 Square Feet

Days on Market

Cumulative Days on Market: 11Days on Market: 61

Property Information

Year Built
Year Built: 1935
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Wood, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 465001003445

Price & Status

Price
List Price: $649,000Price Per Sqft: $464
Status Change & Dates
Possession Timing: Immediate

Active Status

MLS Status: ACTIVE

Media

Location

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

Agent Information

Listing Agent
Listing ID: 6126040

HOA

No HOA

Lot Information

Lot Area: 1.02 Acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 6126040Water ViewWater View: LakeAttribution Contact: ***Above Grade Unfinished Area: 1400
Last check for updates: about 5 hours ago
Listing courtesy of Jeff Hway, (218) 349-0906
Bear Island Realty LLC
Zachary Hway, (651) 341-0383
Bear Island Realty LLC
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6126040
Also Listed on Lake Superior Area Realtors as distributed by MLS GRID.

Market trends in Ely

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
98
2MoM

Price and Tax history

DateEventPrice
Jun 13, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6126040
Listed For Sale
$649,000

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Home Value

Trulia Estimate
$601K
Since last month
Decreased$23K (-3.7%)
Since last year
Increased$85K (+16.5%)
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 +12% in the last 10 years
MonthEstimated value
2026
August 2026$600K
July 2026$605K
June 2026$623K
May 2026$505K
April 2026$487K
March 2026$472K
February 2026$473K
January 2026$451K
2025
2024
2023

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
1480 Maijala Rd, Ely, MN
1.63
Single-Family Home
$265,000
06/10/26
3
1.5
1,408
2137 Deer Ridge Rd, Ely, MN
3.05
Single-Family Home
$420,000
11/14/25
1
1
1,440
xxxxx White Iron Lake, Ely, MN
2.23
Single-Family Home
$285,000
03/06/26
3
-
1,072
1493 Inspiration Road, Ely, MN
2.79
Single-Family Home
$439,000
06/30/26
3
2
2,085
3206 Shady Rest, Ely, MN
3.43
Single-Family Home
$710,200
08/29/25
2
2
1,768
297 S Kawishiwi Summer Homes Rd, Ely, MN
3.24
Single-Family Home
$280,000
09/30/25
1
-
459
12351 Endless Waters Rd, Ely, MN
4.22
Single-Family Home
$540,000
09/30/25
3
1
1,144
413 Sunset Rd, Ely, MN
4.35
Single-Family Home
$519,000
07/31/26
3
2
1,320

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
XXX Saari Rd, Ely, MN 55731
0.59
-
-
-
-
Off Market
1543 Highway 1, Ely, MN 55731
0.75
$378,600
2
1
1,392
Off Market
TBD Birch Lake Rd, Ely, MN 55731
0.93
-
-
-
-
Off Market
XXX Southwest Shores Tr, Ely, MN 55731
1.00
-
-
-
-
Off Market
1356 Southwest Shores Tr, Ely, MN 55731
1.02
$300,000
-
-
-
Recently Sold
xxx Southwest Shores Tr, Ely, MN 55731
1.05
-
-
-
-
Off Market
1359 Southwest Shores Tr, Ely, MN 55731
1.11
$480,000
1
1
1,080
For Sale
xxx Southwest Shores Tr, Ely, MN 55731
1.11
-
-
-
-
Off Market
XXX Southwest Shores Tr, Ely, MN 55731
1.13
-
-
-
-
Off Market
XXX Southwest Shores Tr, Ely, MN 55731
1.16
-
-
-
-
Off Market
TBD Souja Rd, Ely, MN 55731
1.20
-
-
-
-
Off Market

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

LGBTQ Local Legal Protections

Frequently asked questions about 1550 Pyhola Rd

  • What is the estimated monthly payment for 1550 Pyhola Rd?
    Based on a $649,000 list price with 20% down at today's rates, the estimated monthly payment for 1550 Pyhola Rd in Ely, MN is approximately $4,051 (about $3,397 principal & interest, $579 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 1550 Pyhola Rd?
    The closest schools to 1550 Pyhola Rd in Ely, MN are Memorial Middle School (rated 7/10), Memorial Secondary (High, rated 9/10), Washington Elementary School (Pre-K, rated 6/10).
  • What is 1550 Pyhola Rd estimated to be worth?
    Trulia's estimated value for 1550 Pyhola Rd in Ely, MN is $601,300.
  • Does 1550 Pyhola Rd have laundry facilities?
    Yes, 1550 Pyhola Rd in Ely, MN has laundry facilities.
  • How big is the lot at 1550 Pyhola Rd?
    The lot at 1550 Pyhola Rd in Ely, MN is about 1 acre.
Jeff Hway, Bear Island Realty LLC
Agent Phone: (218) 349-0906
Based on information submitted to the MLS GRID as of 2026-08-13 04:27:38 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
1550 Pyhola Rd, Ely, MN 55731 is a 2 bedroom, 1 bathroom, 1,400 sqft single-family home built in 1935. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on Jun 13, 2026. The MLS # for this home is MLS# 6126040.