2815 Schaeffer Rd, Ely, MN 55731
Property image
Property image
FOR SALE
1.3 ACRES

$749,000

  • 1 Bed
  • 352 sqft (on 1.30 acres)

2815 Schaeffer Rd, Ely, MN 55731

Est. Mortgage $4,806/mo*
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Home Highlights

Single-Family Home
Built in 1900
1.3 acre lot
$2,128/sqft
Garage

Local Information

  • Map ViewExplore the area around 2815 Schaeffer Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Vintage seasonal cabinBeautiful burntside lakeRoll-out aluminum dockClear burntside waterSoft sand beachExpansive lot
Your Northwoods Story Begins at 2815 Schaeffer Road, Burntside Lake, Ely, Mn. Some places simply hold you. This vintage seasonal cabin on beautiful Burntside Lake is one of them - a quiet, charmed escape where towering pines frame big water views and every sunset feels hand-painted. Step inside to rustic warmth and lake light. Step outside to the full-size deck, where morning coffee lingers a little longer and the sauna - Finnish, woodfired, and lake-adjacent - turns evenings into ritual. A roll-out aluminum dock invites you closer, a soft sand beach invites you in, and the clear Burntside water does the rest. The expansive lot gives room to breathe, dream, and imagine. And a newer 22×24 garage with finished loft stretches the possibilities - guest quarters, lakeside studio, or your own creative hideaway. Perched minutes from Ely and the Boundary Waters Canoe Area Wilderness, this cabin is both retreat and opportunity: a seasonal sanctuary, an adventurer’s basecamp, and a rare slice of paradise on one of Minnesota’s most beloved lakes. Embrace the magic. Own the getaway. 2815 Schaeffer Road, Beautiful Burntside Lake, Ely, Minnesota.
Last check for updates: about 3 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#6127579
Also Listed on Lake Superior Area Realtors as distributed by MLS GRID.

Home Details for 2815 Schaeffer Rd

Interior Features

Interior Details
Number of Rooms: 2Types of Rooms: Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 1
Dimensions and Layout
Living Area: 352 Square FeetFoundation Area: 352
Heating & Cooling
Heating: Wood,ElectricHas HeatingHeating Fuel: Wood
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: Lake Country Power
Levels, Entrance, & Accessibility
Number of Stories: 1
View
No View

Exterior Features

Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Detached,Multiple,Apartment,Electrical Service,Heat
Frontage
WaterfrontWaterfront: Inland Lake, Waterfront Access(Private)On Waterfront
Water & Sewer
Sewer: OuthouseWater Body: Burntside
Farm & Range
Frontage Length: 200
Finished Area
Finished Area (above surface): 352 Square Feet

Days on Market

Cumulative Days on Market: 1Days on Market: 30

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Rustic
Building
Construction Materials: Wood, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 465008000040

Price & Status

Price
List Price: $749,000Price Per Sqft: $2,128
Status Change & Dates
Possession Timing: Immediate

Active Status

MLS Status: ACTIVE

Location

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

Agent Information

Listing Agent
Listing ID: 6127579

HOA

No HOA

Lot Information

Lot Area: 1.3 Acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

Mls Number: 6127579Attribution Contact: ***Above Grade Unfinished Area: 352

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

Home Value

Trulia Estimate
$689K
Since last month
Decreased$35K (-4.8%)
Since last year
Increased$244K (+55.4%)
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 increased by +59% in the last 10 years
MonthEstimated value
2026
September 2026$685K
August 2026$720K
July 2026$497K
June 2026$496K
May 2026$458K
April 2026$440K
March 2026$449K
February 2026$442K
January 2026$397K
2025
2024
2023

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
0.26
Single-Family Home
$665,000
01/30/26
3
2
1,296
3009 Burntside Ridge Rd, Ely, MN
1.37
Single-Family Home
$729,000
09/18/26
2
1
773
2050 Shipman Island, Ely, MN
2.14
Single-Family Home
$290,000
08/12/26
2
-
560
1995 Pine Tree Tr, Ely, MN
2.31
Single-Family Home
$489,400
10/03/25
2
1
911
2263 Longstorff Rd, Ely, MN
2.41
Single-Family Home
$510,000
10/06/25
3
2
1,581
2450 Newgord Dr, Ely, MN
3.28
Single-Family Home
$240,000
10/03/25
1
-
551
2151 Echo Tr, Ely, MN
3.30
Single-Family Home
$135,000
12/05/25
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
2811 Schaeffer Rd, Ely, MN 55731
0.02
$799,000
2
1
988
For Sale
2786 Clayton Rd, Ely, MN 55731
0.19
$360,200
2
1
576
Off Market
2768 Clayton Rd, Ely, MN 55731
0.20
$1,671,100
4
3
2,000
Off Market
2796 Clayton Rd, Ely, MN 55731
0.26
$665,000
3
2
1,296
Recently Sold
xxx Clayton Rd, Ely, MN 55731
0.28
$596,300
3
0.5
1,400
Off Market
2492 B Grant McMahan Blvd, Ely, MN 55731
0.26
-
-
-
-
Off Market
2492A Grant McMahan Blvd, Ely, MN 55731
0.26
-
-
-
-
Off Market
2854 Blueberry Island, Ely, MN 55731
0.69
$529,000
2
-
837
For Sale
2568 Grant McMahan Blvd, Ely, MN 55731
0.93
-
-
-
-
Off Market
2657 Van Vac Rd, Ely, MN 55731
1.13
$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 #6127579
Listed For Sale
$749,000

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 13:02:08 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 2815 Schaeffer Rd

  • What is the estimated monthly payment for 2815 Schaeffer Rd?
    Based on a $749,000 list price with 20% down at today's rates, the estimated monthly payment for 2815 Schaeffer Rd in Ely, MN is approximately $4,927 (about $4,184 principal & interest, $668 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 2815 Schaeffer Rd?
    The closest schools to 2815 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 2815 Schaeffer Rd estimated to be worth?
    Trulia's estimated value for 2815 Schaeffer Rd in Ely, MN is $688,900.
  • How big is the lot at 2815 Schaeffer Rd?
    The lot at 2815 Schaeffer Rd in Ely, MN is about 1.3 acres.
  • Does 2815 Schaeffer Rd have a garage?
    Yes, 2815 Schaeffer Rd in Ely, MN has a garage.
2815 Schaeffer Rd, Ely, MN 55731 is a 1 bedroom, 352 sqft single-family home built in 1900. 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# 6127579.