2045 Highway 1, Ely, MN 55731
OFF MARKET

2045 Highway 1
Ely, MN 55731

  • 3 Beds
  • 2 Baths
  • 2,438 sqft (on 40 acres)

$605,600

Trulia Estimate
as of May 27, 2026
Est. Refi. Payment $3,665/mo*
Refinance Your Home

$605,600

Trulia Estimate
as of May 27, 2026
Est. Refi. Payment $3,665/mo*
Refinance Your Home
3 Beds
2 Baths
2,438 sqft
(on 40 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Fabulous log home just 2+/- miles from Ely. This gorgeous hand-scribed log home sits on 40+/- acres that adjoin acres of state/federal land for privacy. One-level showcase home features 3 BR and 2 BA, has massive logs throughout, a large stone fireplace and cathedral ceiling in the great room. Other features include a large custom kitchen with lots of counter space and cabinets, a huge master BR & master BA w/ Jacuzzi tub, and walk-in closet. Also an office and large main floor laundry. There is a nice deck on the front and a large one on the back of the house that provides stunning views of the ponderosa ranch look-alike backyard that includes a landscaped pond w/ waterfall. Other buildings include a 40' x 30' insulated/heated garage, a 33' x 18.5' storage building, and a phenomenal 60' x 50' insulated workshop/garage w/ office heated with wirzbo in-floor heating. Could be used for a business or just for private use. You will love all this property has to offer! Brokered And Advertised By: Bear Island Land Co., Inc Listing Agent: Jeff Hway
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
Garage
Outdoor
Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
No Info

Home Details for 2045 Highway 1

Interior Features

Interior Details
BasementCeiling Fan
Heating & Cooling
Heating: Radiant, OilAir ConditioningCooling System: CentralHeating Fuel: Radiant
Levels, Entrance, & Accessibility
Stories: 1
Appliances & Utilities
DishwasherDryerRefrigeratorWasher
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltDeckExterior: Wood
Parking & Garage
GarageParking Spaces: 4Parking: Garage Detached

Property Information

Year Built
Year Built: 1995Year Updated: 1998
Property Type / Style
Property Type: Single Family HomeArchitecture: Log Cabin/Rustic

Community

Units in Building: 1

Lot Information

Lot Area: 40.00 acres

Price History for 2045 Highway 1

DatePriceEventSource
12/08/2022$275,000Sold
N/A
11/04/2015$381,000Sold
N/A
08/29/2014$459,000ListingRemovedAgent Provided
04/17/2014$459,000Listed For SaleAgent Provided
01/17/2013$545,000ListingRemovedAgent Provided
09/01/2012$545,000Listed For SaleAgent Provided
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Property Tax and Assessment

Year2024
Tax$4,898
Assessment$563,200
Home facts updated by county records

Comparable Sales for 2045 Highway 1

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
236 Ahola Rd, Ely, MN
1.73
Single-Family Home
$364,000
11/17/25
3
2
2,520
36 E Beacon Hill Rd, Ely, MN
1.86
Single-Family Home
$198,000
11/12/25
3
2
1,920
11 Ahola Rd, Ely, MN
1.85
Single-Family Home
$272,000
07/28/25
4
2.5
2,367
628 E Boundary St, Ely, MN
2.00
Single-Family Home
$230,000
09/10/25
3
2
1,644
647 E Boundary St, Ely, MN
2.02
Single-Family Home
$195,000
10/07/25
3
2
2,000
545 E Wilson St, Ely, MN
1.98
Single-Family Home
$220,000
04/15/26
3
2
1,544
638 E James St, Ely, MN
2.05
Single-Family Home
$230,000
05/01/26
3
1.5
1,350
1512 E Harvey St, Ely, MN
2.23
Single-Family Home
$259,900
05/30/25
4
2
2,152
2137 Deer Ridge Rd, Ely, MN
1.82
Single-Family Home
$420,000
11/14/25
1
1
1,440
137 E Boundary St, Ely, MN
2.14
Single-Family Home
$209,000
12/12/25
2
2
1,287

Nearby homes

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Assigned Schools

These are the assigned schools for 2045 Highway 1.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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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Apartments for Rent

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Homes for sale near 2045 Highway 1

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Off Market Homes Near 2045 Highway 1

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Homes for rent near 2045 Highway 1

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2045 Highway 1, Ely, MN 55731 is a 3 bedroom, 2 bathroom, 2,438 sqft single-family home built in 1995. This property is not currently available for sale. 2045 Highway 1 was last sold on Dec 8, 2022 for $275,000. The current Trulia Estimate for 2045 Highway 1 is $605,600.