2724 Bear Island River Rd, Ely, MN 55731
Property image
Property image
OFF MARKET

2724 Bear Island River Rd
Ely, MN 55731

  • 2 Beds
  • 2 Baths
  • 924 sqft (on 0.68 acres)

$396,700

Trulia Estimate
as of Jul 22, 2026
Est. Refi. Payment $2,412/mo*
Refinance Your Home

$396,700

Trulia Estimate
as of Jul 22, 2026
Est. Refi. Payment $2,412/mo*
Refinance Your Home
2 Beds
2 Baths
924 sqft
(on 0.68 acres)

Local Information

  • Map ViewExplore the area around 2724 Bear Island River Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2006
Lot Size
0.68 acres
Living Area
924 sqft
Price/Sqft
$429

Description

This, quiet, modern cabin is absolute Heaven on Earth. Bear Island Lake is absolutely stunning all year round, ready for kayaking, canoeing, fishing and other water sports. This cabin also has a separate bunkhouse down by the water for guests to sleep under the stars.
2724 Bear Island River Rd, Ely, MN 55731 is a 2 bedroom, 1 bathroom, 924 sqft single-family home built in 2006. It last sold for $259,000 on Sep 18, 2020. It is currently off market. The Trulia Estimate is $396,700, with a rent estimate of $1,580/month.

Home Details for 2724 Bear Island River Rd

Interior Features

Heating & Cooling
Heating: Other, GasAir ConditioningHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 2Floors: Laminate
Interior Details
In-law unitNumber of Rooms: 5Types of Rooms: Dining Room, Family Room
Appliances & Utilities
Cable ReadyMicrowaveRefrigerator
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: Shake ShingleExterior: Wood
Parking & Garage
Parking Spaces: 4

Property Information

Year Built
Year Built: 2006
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Community

Units in Building: 1

Lot Information

Lot Area: 0.68 acres

Price History for 2724 Bear Island River Rd

DatePriceEventSource
09/18/2020$259,000Sold
Lake Superior Area Realtors as distributed by MLS GRID #6091474
08/06/2020$259,000PendingAgent Provided
07/08/2020$259,000Listed For SaleAgent Provided
08/13/2003$85,000Sold
N/A
07/25/2001$45,000Sold
N/A

Market trends in Ely

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
96
16MoM
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Property Tax and Assessment

Year2024
Tax$2,480
Assessment$293,600
Home facts updated by county records

Comparable Sales for 2724 Bear Island River Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
9362 Vandelay Dr, Ely, MN
1.28
Single-Family Home
$265,000
05/15/26
2
1
976
2734 Birch River Rd, Babbitt, MN
3.10
Single-Family Home
$475,000
08/15/25
2
2
850
8702 Sock Lake Road, Babbitt, MN
2.92
Single-Family Home
$285,000
12/08/25
3
2
1,292
1317 N Hwy 21, Ely, MN
4.19
Single-Family Home
$350,000
09/05/25
3
1.5
2,400
20 Ivy Blvd, Babbitt, MN
4.86
Single-Family Home
$179,000
09/30/25
3
2
1,872
42 Locust Dr, Babbitt, MN
4.97
Single-Family Home
$210,000
02/27/26
3
2
2,019
50 Beech Crt, Babbitt, MN
4.97
Single-Family Home
$108,000
06/22/26
2
1.5
768
34 Elm Blvd, Babbitt, MN
4.95
Single-Family Home
$136,000
11/07/25
3
1.5
912
28 Cottonwood Ct, Babbitt, MN
4.96
Single-Family Home
$135,000
09/24/25
2
2
2,146

Nearby homes

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Assigned Schools

These are the assigned schools for 2724 Bear Island River Rd.
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
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  • 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 2724 Bear Island River Rd

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Off Market Homes Near 2724 Bear Island River Rd

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