2538 Martilla Rd, Ely, MN 55731
Property image
Property image
FOR SALE
3D VIEW
200 ACRES

$779,000

  • 2 Beds
  • 1 Bath
  • 900 sqft (on 200 acres)

2538 Martilla Rd, Ely, MN 55731

Est. Mortgage $4,796/mo*
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Home Highlights

Single-Family Home
200 acre lot
$866/sqft
Garage

Local Information

  • Map ViewExplore the area around 2538 Martilla Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

A rare opportunity to own a truly unique and historic farmstead featuring 200 acres and approximately 4,400 feet of pristine meandering Burntside River shoreline. Set in a peaceful meadow surrounded by mature pine forest, this one-of-a-kind property offers breathtaking panoramic views of the river and a tranquil Northwoods setting. The rustic farmhouse combines an original dovetail log structure with a framed wood addition, offering two bedrooms and one bathroom. The open-concept kitchen and living area capture beautiful southern views of the river and surrounding forest. Approximately 11 acres comprise the road-accessible homestead, while the majority of the acreage lies across the Burntside River, providing exceptional privacy and natural beauty, with rolling hills of Norway pine throughout the south forties. Please note that the land across the river is not accessible by road. The property is abundant with wildlife: ducks, geese, grouse, deer and more. Steeped in history and rich in character, the property includes several original dovetail log outbuildings that add timeless charm and authentic appeal. Whether you're seeking a private retreat, recreational getaway, restoration project, or the foundation for a future homestead, this remarkable property offers endless possibilities in an extraordinary setting.
Last check for updates: about 20 hours ago
Listing courtesy of Patricia Bulinski, (218) 349-5595
Bear Island Realty LLC
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6126950
Also Listed on Lake Superior Area Realtors as distributed by MLS GRID.

Home Details for 2538 Martilla Rd

Interior Features

Interior Details
Basement: PartialNumber of Rooms: 8Types of Rooms: Bedroom, Bathroom, Entry Hall, Kitchen, Living Room, Mud Room, Office
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 900 Square FeetFoundation Area: 728
Heating & Cooling
Heating: Fireplace(s),WoodHas HeatingHeating Fuel: Fireplace S
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Free StandingHas a Fireplace
Gas & Electric
Electric: Lake Country Power
Levels, Entrance, & Accessibility
Number of Stories: 1
View
No View

Exterior Features

Exterior Home Features
Roof: Asphalt ShingleOther Structures: Storage Shed, BunkhouseFoundation: Stone
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Detached,Dirt Floor
Frontage
WaterfrontWaterfront: River, Waterfront Access(Private)Road Surface Type: UnimprovedOn Waterfront
Water & Sewer
Sewer: Private SewerWater Body: Burntside River
Farm & Range
Frontage Length: 4400
Finished Area
Finished Area (above surface): 900 Square Feet

Days on Market

Cumulative Days on Market: 44Days on Market: 46

Property Information

Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Rustic
Building
Construction Materials: Wood, Frame/Wood, Log Home
Property Information
Condition: Previously OwnedParcel Number: 465004004420, 04440, 04450, 04190, 04180

Price & Status

Price
List Price: $779,000Price Per Sqft: $866

Active Status

MLS Status: ACTIVE

Location

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

Agent Information

Listing Agent
Listing ID: 6126950

HOA

No HOA

Lot Information

Lot Area: 200 Acres

Miscellaneous

BasementMls Number: 6126950Attribution Contact: ***Above Grade Unfinished Area: 900

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
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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
    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
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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
$713K
Since last month
Decreased$30K (-4%)
Since last year
Increased$461K (+181.2%)
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 +278% in the last 10 years
MonthEstimated value
2026
August 2026$715K
August 2026$712K
July 2026$745K
June 2026$273K
May 2026$267K
April 2026$261K
March 2026$261K
February 2026$245K
January 2026$242K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
2796 Clayton Rd, Ely, MN
1.49
Single-Family Home
$665,000
01/30/26
3
2
1,296
2263 Longstorff Rd, Ely, MN
2.52
Single-Family Home
$510,000
10/06/25
3
2
1,581
2375 Viste Point Rd, Ely, MN
2.68
Single-Family Home
$900,000
04/01/26
3
2
2,706
1995 Pine Tree Tr, Ely, MN
3.89
Single-Family Home
$489,400
10/03/25
2
1
911
2050 Shipman Island, Ely, MN
3.35
Single-Family Home
$290,000
08/12/26
2
-
560
1852 Grant McMahan Blvd, Ely, MN
4.16
Single-Family Home
$880,000
05/06/26
3
2
2,460

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 Van Vac Rd, Ely, MN 55731
0.42
-
-
-
-
Off Market
2657 Van Vac Rd, Ely, MN 55731
0.60
$465,900
2
2
1,600
Off Market
2763 Van Vac Rd, Ely, MN 55731
0.67
$1,490,000
3
1
1,122
For Sale
- BURNTSIDE LAKE, Ely, MN 55731
0.84
-
-
-
-
Off Market
2823 Moroni Point Rd, Ely, MN 55731
0.87
$735,300
2
0.5
1,175
Off Market
2568 Grant McMahan Blvd, Ely, MN 55731
1.06
-
-
-
-
Off Market
2510 Smolen Ln, Ely, MN 55731
1.14
$375,600
3
2
1,692
Off Market
2889 Waters Is, Ely, MN 55731
1.31
$1,490,000
3
1
1,122
For Sale
2969 Van Vac Rd, Ely, MN 55731
1.33
-
-
-
-
Off Market
xxx Clayton Rd, Ely, MN 55731
1.46
$602,700
3
0.5
1,400
Off Market
2796 Clayton Rd, Ely, MN 55731
1.49
$665,000
3
2
1,296
Recently Sold

Price and Tax history

DateEventPrice
Jul 24, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6126950
Listed For Sale
$779,000

LGBTQ Local Legal Protections

Patricia Bulinski, Bear Island Realty LLC
Agent Phone: (218) 349-5595
Based on information submitted to the MLS GRID as of 2026-09-08 05:32:28 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 2538 Martilla Rd

  • What is the estimated monthly payment for 2538 Martilla Rd?
    Based on a $779,000 list price with 20% down at today's rates, the estimated monthly payment for 2538 Martilla Rd in Ely, MN is approximately $4,891 (about $4,121 principal & interest, $695 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 2538 Martilla Rd?
    The closest schools to 2538 Martilla 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 2538 Martilla Rd estimated to be worth?
    Trulia's estimated value for 2538 Martilla Rd in Ely, MN is $712,800.
  • How big is the lot at 2538 Martilla Rd?
    The lot at 2538 Martilla Rd in Ely, MN is about 200 acres.
  • Does 2538 Martilla Rd have a garage?
    Yes, 2538 Martilla Rd in Ely, MN has a garage.
2538 Martilla Rd, Ely, MN 55731 is a 2 bedroom, 1 bathroom, 900 sqft single-family home. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on Jul 24, 2026. The MLS # for this home is MLS# 6126950.