2734 Bear Island River Rd, Ely, MN 55731
Property image
Property image
FOR SALE
0.75 ACRES

2734 Bear Island River Rd
Ely, MN 55731

  • 2 Beds
  • 1.5 Baths
  • 1,172 sqft (on 0.75 acres)

$599,000

Est. Mortgage $3,578/mo*

$599,000

Est. Mortgage $3,578/mo*
2 Beds
1.5 Baths
1,172 sqft
(on 0.75 acres)

Local Information

  • Map ViewExplore the area around 2734 Bear Island River Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Stop the scroll—this is the lake place you’ve been waiting for! With 266 feet of prime shoreline, this one-level 2+ bedroom, 2 bath cabin is perched perfectly for sweeping island views, southwest exposure, and jaw-dropping sunsets over Bear Island Lake. Inside, enjoy a bright, eat-in kitchen where you can watch the lake sparkle while you dine, plus comfortable bedrooms and two baths with plenty of room for everyone. The living is easy with everything on one level. Outside, you’ll find a 22x26 detached garage, shed for gear, and outdoor spaces that make lake living a dream. Imagine evenings on the shore, campfires with friends, and mornings where the only sound is the call of a loon. Lovingly held as a long-time family cabin, this retreat is now ready for new memories. Whether you’re looking for weekends of relaxation or a forever place by the water, this property delivers all the Up North vibes. Don’t miss this rare opportunity to claim your spot on Bear Island Lake!

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$511
Listed
118 days ago

Home Details for 2734 Bear Island River Rd

Interior Features

Interior Details
Basement: N/ANumber of Rooms: 5Types of Rooms: Bedroom, Kitchen, Living Room, Office
Beds & Baths
Number of Bedrooms: 2Main Level Bedrooms: 1Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (quarter): 1
Dimensions and Layout
Living Area: 1172 Square FeetFoundation Area: 864
Appliances & Utilities
Appliances: Water Heater-Electric, Range, RefrigeratorRefrigerator
Heating & Cooling
Heating: Propane,ElectricNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Propane
Fireplace & Spa
Number of Fireplaces: 1Fireplace: GasHas a Fireplace
Gas & Electric
Electric: Lake Country Power
Levels, Entrance, & Accessibility
Number of Stories: 1
View
Has a ViewView: Inland Lake

Exterior Features

Exterior Home Features
Roof: Asphalt ShingleOther Structures: Storage Shed
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Detached
Frontage
WaterfrontWaterfront: Inland Lake, Waterfront Access(Private)On Waterfront
Water & Sewer
Sewer: Private SewerWater Body: Bear Island
Farm & Range
Frontage Length: 266
Finished Area
Finished Area (above surface): 1172 Square Feet

Days on Market

Days on Market: 118

Property Information

Year Built
Year Built: 1972
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Wood, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 625002600650

Price & Status

Price
List Price: $599,000Price Per Sqft: $511
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: ACTIVE

Location

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

Agent Information

Listing Agent
Listing ID: 6124119

HOA

No HOA

Lot Information

Lot Area: 0.75 acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

Mls Number: 6124119Water ViewWater View: LakeAttribution Contact: ***Above Grade Unfinished Area: 1172
Last check for updates: about 4 hours ago
Listing courtesy of Andrea Zupancich, (218) 749-0159
Z' Up North Realty

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
16
MoM

Price History for 2734 Bear Island River Rd

DatePriceEventSource
03/20/2026$599,000Listed For SaleRange AOR #149639
12/26/2025$695,000ListingRemovedLake Superior Area Realtors as distributed by MLS GRID #6122301
10/06/2025$695,000Listed For SaleRange AOR #149125
06/25/2020$60,000Sold
N/A
09/14/2015$60,000Sold
N/A

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Property Tax and Assessment

Year2024
Tax$4,750
Assessment$456,600
Home facts updated by county records

Comparable Sales for 2734 Bear Island River Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1.34
Single-Family Home
$265,000
05/15/26
2
1
976
2.86
Single-Family Home
$285,000
12/08/25
3
2
1,292
3.07
Single-Family Home
$475,000
08/15/25
2
2
850
4.84
Single-Family Home
$179,000
09/30/25
3
2
1,872
4.96
Single-Family Home
$108,000
06/22/26
2
1.5
768
4.25
Single-Family Home
$350,000
09/05/25
3
1.5
2,400
5.08
Single-Family Home
$60,000
01/23/26
3
1
1,056

Nearby homes

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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. "
  • 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 . "
  • 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. "
  • 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."
  • 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."
  • 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."

LGBTQ Local Legal Protections

Andrea Zupancich, Z' Up North Realty
Agent Phone: (218) 749-0159
Based on information submitted to the MLS GRID as of 2026-07-16 12:22:55 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
2734 Bear Island River Rd, Ely, MN 55731 is a 2 bedroom, 2 bathroom, 1,172 sqft single-family home built in 1972. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on Mar 20, 2026. The MLS # for this home is MLS# 6124119.