2264 Highway 1, Ely, MN 55731
OFF MARKET

2264 Highway 1
Ely, MN 55731

  • 6 Beds
  • 4 Baths
  • 4,312 sqft (on 25.55 acres)

$735,000

Trulia Estimate
as of Aug 21, 2026
Est. Refi. Payment $4,493/mo*
Refinance Your Home

$735,000

Trulia Estimate
as of Aug 21, 2026
Est. Refi. Payment $4,493/mo*
Refinance Your Home
6 Beds
4 Baths
4,312 sqft
(on 25.55 acres)

Home Value

Trulia Estimate
$735K
Since last month
Increased$12K (+1.6%)
Since last year
Increased$77K (+11.7%)
Since last sale
Increased$676K (+1,137.4%)
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 decreased by -3% in the last 10 years
MonthEstimated value
2026
August 2026$735K
July 2026$723K
June 2026$697K
May 2026$709K
April 2026$687K
March 2026$687K
February 2026$677K
January 2026$702K
2025
2024

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
1510 E Conan St, Ely, MN
0.87
Single-Family Home
$150,000
09/09/25
3
2
1,214
1493 Inspiration Road, Ely, MN
1.23
Single-Family Home
$439,000
06/30/26
3
2
2,085
111 E James St, Ely, MN
1.42
Single-Family Home
$58,000
07/15/26
2
2.5
2,340
647 E Boundary St, Ely, MN
1.06
Single-Family Home
$195,000
10/07/25
3
2
2,000
1029 E White St, Ely, MN
0.99
Single-Family Home
$120,000
12/12/25
2
1
2,166
1027 E Chapman St, Ely, MN
1.13
Single-Family Home
$180,500
10/15/25
4
2
1,496
1249 E Madison St, Ely, MN
1.25
Single-Family Home
$220,000
06/02/26
3
3
2,940
1151 E Camp St, Ely, MN
1.21
Single-Family Home
$221,000
02/19/26
3
3
1,975
915 E James St, Ely, MN
0.95
Single-Family Home
$25,000
11/20/25
3
1
1,386
1419 E Chapman St, Ely, MN
1.03
Single-Family Home
$249,000
07/29/26
3
1.5
1,480

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 Highway 1, Ely, MN 55731
0.23
-
-
-
-
Off Market
xx Highway 1, Ely, MN 55731
0.53
-
-
-
-
Off Market
230 S 16th Ave E, Ely, MN 55731
0.82
$267,900
3
2
1,900
Off Market
207 S 17TH ST, Ely, MN 55731
0.84
$193,900
2
1
860
Off Market
1435 E White St, Ely, MN 55731
0.87
$322,600
3
2
1,880
Off Market
Xxxx Trygg Rd, Ely, MN 55731
0.90
-
-
-
-
Off Market
112 S 16th Ave, Ely, MN 55731
0.90
$239,400
3
2
1,040
Off Market
1602 E Harvey St, Ely, MN 55731
0.91
$274,600
3
1.5
1,560
Off Market
1512 E Harvey St, Ely, MN 55731
0.93
$269,200
4
2
2,152
Off Market
124 S 14th Ave E, Ely, MN 55731
0.93
$214,600
3
1
1,186
Off Market
9xx James St, Ely, MN 55731
0.96
-
-
-
-
Off Market
xxx Johnson Creek Rd, Ely, MN 55731
0.99
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 2264 Highway 1.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2022
Lot Size
25.55 acres
Living Area
4,312 sqft
Price/Sqft
$170
Parking
Garage

About this House

This single-family home is located at 2264 Highway 1, Ely, MN. 2264 Highway 1 is in Ely, MN and in ZIP code 55731. This property has 6 bedrooms, 4 bathrooms and approximately 4,312 sqft of floor space. This property has a lot size of 25.55 acres and was built in 2022.
2264 Highway 1, Ely, MN 55731 is a 6 bedroom, 4 bathroom, 4,312 sqft single-family home built in 2022. It last sold for $59,400 on Apr 16, 2021. It is currently off market. The Trulia Estimate is $735,000, with a rent estimate of $4,555/month.

Home Details for 2264 Highway 1

Interior Features

Interior Details
Basement
Levels, Entrance, & Accessibility
Stories: 2
Heating & Cooling
Air ConditioningCooling System: Central

Property Information

Year Built
Year Built: 2022
Property Type / Style
Property Type: Single Family HomeArchitecture: Custom

Exterior Features

Exterior Home Features
Exterior: Other
Parking & Garage
GarageParking: Garage Attached

Lot Information

Lot Area: 25.55 acres

Price and Tax history

DateEventPrice
Apr 16, 2021
Source: N/A
Sold
$59,400
May 17, 2005
Source: N/A
Sold
$47,500

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

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 2264 Highway 1

  • What is 2264 Highway 1 estimated to be worth?
    Trulia's estimated value for 2264 Highway 1 in Ely, MN is $735,000.
  • What is the price history for 2264 Highway 1?
    2264 Highway 1 in Ely, MN last sold for $59,400 in April 2021.
  • 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.
  • Does 2264 Highway 1 have air conditioning?
    Yes, 2264 Highway 1 in Ely, MN has air conditioning.
  • How big is the lot at 2264 Highway 1?
    The lot at 2264 Highway 1 in Ely, MN is about 25.6 acres.

Apartments for Rent

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