2056 Mollywood Ln, Ely, MN 55731
Property image
Property image
FOR SALE
3D VIEW
3.4 ACRES

$1,295,000

Original price: $1,495,000
  • 3 Beds
  • 2 Baths
  • 1,350 sqft (on 3.40 acres)

2056 Mollywood Ln, Ely, MN 55731

Est. Mortgage $7,847/mo*
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Home Highlights

Parking
Garage
Outdoor
Patio, Deck
Price/Sqft
$959
Listed
74 days ago
Climate Control
Propane & Ductless

Local Information

  • Map ViewExplore the area around 2056 Mollywood Ln.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

An idyllic Burntside Lake retreat located up the famed Echo Trail in Ely, Minnesota, this exceptional one-level lake home offers a rare combination of privacy, quality, and premier shoreline. Set on approximately 3.4 wooded acres with approximately 585 feet of gorgeous level shoreline, the property captures the very best of Northwoods lake life in one of the area’s most sought-after locations. The shoreline is truly remarkable, featuring a sand beach, dramatic rock outcroppings, and a new permanent dock perfect for morning coffee, swimming, boating, and quiet evenings by the water. Situated on the quiet east end of Burntside Lake, the completely remodeled 2-bedroom, 1-bath home has been thoughtfully updated with high-quality materials and timeless finishes throughout. Marble tile flooring, granite countertops, top-of-the-line appliances, energy-efficient windows, vaulted ceilings, and an open, airy layout create a relaxed yet refined atmosphere. A beautiful new family room addition expands the living space and provides a comfortable gathering area designed to take in the peaceful lakeside setting. The 1,400 sq. ft. home is complemented by an impressive 1,500 sq. ft. heated garage with attached guest quarters featuring 1-bedroom, a ¾ bath and an open living area/kitchenette, offering excellent space for visitors, hobbies, storage, or year-round use. Additional improvements include a second garage, a beautiful sauna, and two lakeside sheds, adding both function and charm to this extraordinary property. Just 10 minutes from Ely, this Burntside Lake paradise offers the privacy and natural beauty buyers dream of, with convenient access to town. Properties with this much level shoreline, acreage, quality, and character are seldom available. A true premier offering on one of northern Minnesota’s most treasured lakes.
Last check for updates: about 3 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#6126014
Also Listed on Lake Superior Area Realtors as distributed by MLS GRID.

Home Details for 2056 Mollywood Ln

Interior Features

Interior Details
Basement: Utility RoomNumber of Rooms: 8Types of Rooms: Bedroom, Bathroom, Family Room, Kitchen, Laundry
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 1
Dimensions and Layout
Living Area: 1350 Square FeetFoundation Area: 1296
Appliances & Utilities
Utilities: SatelliteAppliances: Dryer, Microwave, Range, Refrigerator, WasherDryerLaundry: Main LevelMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: PropaneHas CoolingAir Conditioning: DuctlessHas HeatingHeating Fuel: Propane
Fireplace & Spa
Number of Fireplaces: 2Fireplace: MultipleHas a Fireplace
Gas & Electric
Electric: Lake Country Power
Windows, Doors, Floors & Walls
Window: Energy WindowsDoor: Patio DoorFlooring: Hardwood Floors
Levels, Entrance, & Accessibility
Number of Stories: 1Floors: Hardwood Floors
View
Has a ViewView: Inland Lake, Panoramic

Exterior Features

Exterior Home Features
Patio / Porch: Deck, PatioFencing: PartialOther Structures: Shed(s), Sauna, Storage Shed, Workshop, Guest HouseExterior: Dock
Parking & Garage
Number of Garage Spaces: 4Number of Covered Spaces: 4No CarportHas a GarageNo Attached GarageParking Spaces: 4Parking: Gravel,Detached,Multiple,Apartment,Bathroom,Bedroom,Electrical Service,Heat,Insulation
Frontage
WaterfrontWaterfront: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Sand, Shore-Accessible, Shore-Beach)Road Frontage: County RoadResponsible for Road Maintenance: Public Maintained RoadOn Waterfront
Water & Sewer
Sewer: Private SewerWater Body: Burntside
Farm & Range
Frontage Length: 585
Finished Area
Finished Area (above surface): 1350 Square Feet

Days on Market

Cumulative Days on Market: 71Days on Market: 74

Property Information

Year Built
Year Built: 2024
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Traditional
Building
Construction Materials: Fiber Board, Frame/Wood
Property Information
Parcel Number: 465015700050, 00042, 00045

Price & Status

Price
List Price: $1,295,000Price Per Sqft: $959
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: ACTIVE

Media

Location

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

Agent Information

Listing Agent
Listing ID: 6126014

HOA

No HOA

Lot Information

Lot Area: 3.4 Acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 6126014Water ViewWater View: LakeAttribution Contact: ***Above Grade Unfinished Area: 1350

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

Home Value

Trulia Estimate
$1.22M
Since last month
Decreased$187K (-13.3%)
Since last year
Increased$712K (+139.3%)
Since last sale
Increased$723K (+144.5%)
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 +94% in the last 10 years
MonthEstimated value
2026
August 2026$1.22M
July 2026$1.41M
June 2026$1.44M
May 2026$572K
April 2026$548K
March 2026$546K
February 2026$534K
January 2026$534K
2025
2024
2023
2022
2021

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
1883 Lindbeck Rd, Ely, MN
1.20
Single-Family Home
$725,000
01/12/26
4
4
2,628
1995 Pine Tree Tr, Ely, MN
1.45
Single-Family Home
$489,400
10/03/25
2
1
911
1918 Pine Tree Tr, Ely, MN
1.27
Single-Family Home
$1,078,500
01/13/26
4
3
4,300
1984 Grant McMahan Blvd, Ely, MN
2.07
Single-Family Home
$614,000
08/29/25
3
1
912
1984 Grant McMahan Blvd #1984, Ely, MN
2.08
Single-Family Home
$614,000
08/29/25
3
1
912
1475 Echo Tr, Ely, MN
1.74
Single-Family Home
$272,500
06/30/26
1
1
1,160
2151 Echo Tr, Ely, MN
1.11
Single-Family Home
$135,000
12/05/25
1
-
480
1852 Grant McMahan Blvd, Ely, MN
2.55
Single-Family Home
$880,000
05/06/26
3
2
2,460
2796 Clayton Rd, Ely, MN
2.89
Single-Family Home
$665,000
01/30/26
3
2
1,296

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
TBD Echo Tr, Ely, MN 55731
0.18
-
-
-
-
Off Market
2118 Sun Rock Ln, Ely, MN 55731
0.37
$539,500
3
2
2,600
Off Market
TBD Burntside Lake, Ely, MN 55731
0.47
-
-
-
-
Off Market
TBD Burntside Lake Island, Ely, MN 55731
0.63
-
-
-
-
Off Market
3067 East Arm Rd, Ely, MN 55731
0.69
-
-
-
-
Off Market
3061 E Arm Rd, Ely, MN 55731
0.71
$1,838,500
4
3.5
4,980
Off Market
xxx Echo Tr, Ely, MN 55731
0.80
-
-
-
-
Off Market
xxx Somero Rd, Ely, MN 55731
1.02
-
-
-
-
Off Market
2151 Echo Tr, Ely, MN 55731
1.11
$135,000
1
-
480
Recently Sold
3035 Burntside Ridge Trl, Ely, MN 55731
1.19
$466,000
3
2
1,210
Off Market
1883 Lindbeck Rd, Ely, MN 55731
1.20
$725,000
4
4
2,628
Recently Sold

Price and Tax history

DateEventPrice
Aug 18, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6126014
PriceChange
$1,295,000
Price decreased by 13%
Jun 12, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6126014
Listed For Sale
$1,495,000
Oct 22, 2021
Source: NorthstarMLS as distributed by MLS GRID #6023605
Sold
$500,000
Sep 27, 2021
Source: NorthstarMLS as distributed by MLS GRID #6023605
Pending
$579,000
Sep 15, 2021
Source: Lake Superior Area Realtors as distributed by MLS GRID #6098193
Contingent
$579,000

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 2026-08-26 05:27:34 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 2056 Mollywood Ln

  • What is the estimated monthly payment for 2056 Mollywood Ln?
    Based on a $1,295,000 list price with 20% down at today's rates, the estimated monthly payment for 2056 Mollywood Ln in Ely, MN is approximately $8,001 (about $6,771 principal & interest, $1,155 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 2056 Mollywood Ln?
    The closest schools to 2056 Mollywood Ln 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 2056 Mollywood Ln estimated to be worth?
    Trulia's estimated value for 2056 Mollywood Ln in Ely, MN is $1,222,700.
  • Does 2056 Mollywood Ln have air conditioning?
    Yes, 2056 Mollywood Ln in Ely, MN has air conditioning.
  • Does 2056 Mollywood Ln have laundry facilities?
    Yes, 2056 Mollywood Ln in Ely, MN has in-unit laundry.
2056 Mollywood Ln, Ely, MN 55731 is a 3 bedroom, 2 bathroom, 1,350 sqft single-family home built in 2024. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on Jun 12, 2026. The MLS # for this home is MLS# 6126014.