2811 Schaeffer Rd, Ely, MN 55731
Property image
Property image
FOR SALE
0.44 ACRES

$799,000

  • 2 Beds
  • 1 Bath
  • 988 sqft (on 0.44 acres)

2811 Schaeffer Rd, Ely, MN 55731

Est. Mortgage $5,121/mo*
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Home Highlights

Single-Family Home
Built in 2001
0.44 acre lot
$809/sqft
Garage

Local Information

  • Map ViewExplore the area around 2811 Schaeffer Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Gas fireplaceSpectacular big-water viewsEnergy trussesElectric baseboard heatMarvin windowsBeautiful sunsets
First time on the market and offered furnished! Enjoy 99 feet of Burntside Lake shoreline with an elevated setting, spectacular big-water views, and beautiful sunsets. This well-maintained 26 x 38 seasonal cabin was built in 2001 by Tholen Construction and features 2x6 construction, insulation, energy trusses, Marvin windows, steel siding and roof, ductless A/C, gas fireplace, and electric baseboard heat. The inviting interior includes a 12 x 17 kitchen/dining area with lake views, 12 x 19 living room with a million-dollar view, two spacious 12 x 14 bedrooms, ¾ bath, and main-floor laundry with Asko washer and dryer. Enjoy the lake from the 24 x 6 lakeside deck leading to a 30 x 12 open deck—perfect for relaxing and entertaining. Property also includes a 9 x 18 boathouse with electricity, a dock, grandfathered in for replacement, plus an 8 x 14 vintage Finnish sauna with wood-fired Kuuma stove and change room. The 36 x 20 garage/shop offers a 12 x 16 office, finished upper loft, insulated concrete floor, heat, and abundant storage or hobby space. A Burntside Lake water system with submersible pump provides unlimited soft water for bathing and laundry. A St Louis County permitted 2,000-gallon seasonal holding tank serves the needs it was designed for. A special Burntside Lake property with incredible views, excellent amenities, and the classic Northwoods lifestyle! 12 minutes from Ely and you are in a different world of your choosing! The property next door is listed and would be a great investment opportunity with more of the same great views.
Last check for updates: about 2 hours ago
Listing courtesy of Jerry Fink, (218) 343-1318
Canoe Capital Realty, LLC
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6127578
Also Listed on Lake Superior Area Realtors as distributed by MLS GRID.

Home Details for 2811 Schaeffer Rd

Interior Features

Interior Details
Basement: Posts,N/ANumber of Rooms: 8Types of Rooms: Bedroom, Bathroom, Deck, Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 988 Square FeetFoundation Area: 988
Appliances & Utilities
Utilities: Fiber OpticAppliances: Water Heater-Electric, Dryer, Microwave, Range, Refrigerator, WasherDryerLaundry: Main Level,Dryer Hook-Ups,Washer HookupMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Baseboard,Fireplace(s),Propane,ElectricHas HeatingHeating Fuel: Baseboard
Fireplace & Spa
Number of Fireplaces: 1Fireplace: GasHas a Fireplace
Gas & Electric
Electric: Lake Country Power
Windows, Doors, Floors & Walls
Window: See Remarks, Wood Frames
Levels, Entrance, & Accessibility
Number of Stories: 1
View
Has a ViewView: Inland Lake, Panoramic

Exterior Features

Exterior Home Features
Roof: MetalOther Structures: Boat House, Sauna, Workshop, Other, Studio
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageHas Open ParkingParking Spaces: 2Parking: Off Street,Gravel,Detached,Electrical Service,Heat,Insulation
Frontage
WaterfrontWaterfront: Inland Lake, Waterfront Access(Private)Road Frontage: County RoadResponsible for Road Maintenance: Public Maintained RoadRoad Surface Type: UnimprovedOn Waterfront
Water & Sewer
Sewer: Holding TankWater Body: Burntside
Farm & Range
Frontage Length: 99
Finished Area
Finished Area (above surface): 988 Square Feet

Days on Market

Cumulative Days on Market: 9Days on Market: 30

Property Information

Year Built
Year Built: 2001
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Steel Siding, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 465008000030

Price & Status

Price
List Price: $799,000Price Per Sqft: $809
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: 6127578

HOA

No HOA

Lot Information

Lot Area: 0.44 acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 6127578Water ViewWater View: LakeAttribution Contact: ***Above Grade Unfinished Area: 988

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
    Flag

Market trends in Ely

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
103
5MoM

Home Value

Trulia Estimate
$745K
Since last month
Decreased$31K (-3.9%)
Since last year
Increased$249K (+49.7%)
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 +142% in the last 10 years
MonthEstimated value
2026
September 2026$749K
August 2026$780K
July 2026$559K
June 2026$542K
May 2026$517K
April 2026$496K
March 2026$501K
February 2026$480K
January 2026$475K
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
0.25
Single-Family Home
$665,000
01/30/26
3
2
1,296
3009 Burntside Ridge Rd, Ely, MN
1.39
Single-Family Home
$729,000
09/18/26
2
1
773
1995 Pine Tree Tr, Ely, MN
2.32
Single-Family Home
$489,400
10/03/25
2
1
911
2050 Shipman Island, Ely, MN
2.15
Single-Family Home
$290,000
08/12/26
2
-
560
2263 Longstorff Rd, Ely, MN
2.41
Single-Family Home
$510,000
10/06/25
3
2
1,581
85 W Chandler St., Ely, MN
3.56
Single-Family Home
$161,000
11/04/25
3
1
1,275
1852 Grant McMahan Blvd, Ely, MN
2.89
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
2815 Schaeffer Rd, Ely, MN 55731
0.02
$749,000
1
-
352
For Sale
2786 Clayton Rd, Ely, MN 55731
0.17
$360,200
2
1
576
Off Market
2768 Clayton Rd, Ely, MN 55731
0.18
$1,671,100
4
3
2,000
Off Market
2796 Clayton Rd, Ely, MN 55731
0.25
$665,000
3
2
1,296
Recently Sold
xxx Clayton Rd, Ely, MN 55731
0.27
$596,300
3
0.5
1,400
Off Market
2492 B Grant McMahan Blvd, Ely, MN 55731
0.25
-
-
-
-
Off Market
2492A Grant McMahan Blvd, Ely, MN 55731
0.25
-
-
-
-
Off Market
2854 Blueberry Island, Ely, MN 55731
0.68
$529,000
2
-
837
For Sale
2568 Grant McMahan Blvd, Ely, MN 55731
0.92
-
-
-
-
Off Market
2657 Van Vac Rd, Ely, MN 55731
1.11
$469,500
2
2
1,600
Off Market
XXX Olson Bay Tr, Ely, MN 55731
1.13
$299,500
-
-
-
For Sale

Price and Tax history

DateEventPrice
Aug 25, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6127578
Listed For Sale
$799,000

LGBTQ Local Legal Protections

Jerry Fink, Canoe Capital Realty, LLC
Agent Phone: (218) 343-1318
Based on information submitted to the MLS GRID as of 2026-09-24 10:57:11 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 2811 Schaeffer Rd

  • What is the estimated monthly payment for 2811 Schaeffer Rd?
    Based on a $799,000 list price with 20% down at today's rates, the estimated monthly payment for 2811 Schaeffer Rd in Ely, MN is approximately $5,228 (about $4,441 principal & interest, $712 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 2811 Schaeffer Rd?
    The closest schools to 2811 Schaeffer 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 2811 Schaeffer Rd estimated to be worth?
    Trulia's estimated value for 2811 Schaeffer Rd in Ely, MN is $745,000.
  • Does 2811 Schaeffer Rd have laundry facilities?
    Yes, 2811 Schaeffer Rd in Ely, MN has in-unit laundry.
  • How big is the lot at 2811 Schaeffer Rd?
    The lot at 2811 Schaeffer Rd in Ely, MN is about 0.44 acres (19,166 sq ft).
2811 Schaeffer Rd, Ely, MN 55731 is a 2 bedroom, 1 bathroom, 988 sqft single-family home built in 2001. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on Aug 25, 2026. The MLS # for this home is MLS# 6127578.