2826 Cedar Lake Rd, Ely, MN 55731
Property image
Property image
FOR SALE
5 ACRES

$495,000

Original price: $499,000
  • 4 Beds
  • 3 Baths
  • 2,722 sqft (on 5 acres)

2826 Cedar Lake Rd, Ely, MN 55731

Est. Mortgage $3,236/mo*
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Home Highlights

Single-Family Home
Built in 1978
5 acre lot
$182/sqft
5 Car Garage

Local Information

  • Map ViewExplore the area around 2826 Cedar Lake Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:One-car attached garageWarm tongue-and-groove woodwork throughoutAmple storageGenerous living space
Welcome to your Northern Minnesota retreat. Nestled on 5 private acres in Ely, this solid, efficient home offers the space and seclusion you’ve been searching for—without sacrificing convenience. This 4-bedroom, 3-bath home features warm tongue-and-groove woodwork throughout, adding character and craftsmanship. Generous living space flows naturally, providing room to spread out along with ample storage. The property is well-equipped for both everyday living and recreation, featuring a 30×40 pole building ideal for a workshop, equipment storage, or hobby space, along with a 28×32 detached garage with plenty of room for vehicles, boats, snowmobiles, and gear. A one-car attached garage offers added convenience, while the paved circular driveway ensures easy access year-round. Central A/C keeps the home comfortable during the summer months. Surrounded by five acres of privacy, this property offers a peaceful buffer from the outside world while remaining just minutes from downtown Ely’s shops, restaurants, and access to the Boundary Waters Canoe Area Wilderness. Enjoy endless outdoor recreation right out your door, with easy access to hiking, fishing, biking, snowmobiling, and countless lakes and trails that make Ely a true Northwoods destination. Built for all seasons, this is a home where you can host, store your toys, and truly enjoy the quiet. Solid bones, smart design, and room to breathe.
Last check for updates: about 10 hours ago
Listing courtesy of Lori Schulze, (218) 343-1787
Keller Williams Classic Realty NW - Ely
Heather Franciskovich, (218) 235-3895
Keller Williams Classic Realty NW - Ely
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6124517
Also Listed on Lake Superior Area Realtors as distributed by MLS GRID.

Home Details for 2826 Cedar Lake Rd

Interior Features

Interior Details
Basement: Full,Partially Finished,Walkout,Bath,Bedrooms,Den/Office,Family/Rec Room,Fireplace,Utility Room,Washer Hook-Ups,Dryer Hook-UpsNumber of Rooms: 12Types of Rooms: Master Bedroom, Bedroom, Bathroom, Bonus Room, Dining Room, Family Room, Great Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 3Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 2
Dimensions and Layout
Living Area: 2722 Square Feet
Appliances & Utilities
Laundry: Main Level,Dryer Hook-Ups,Washer Hookup
Heating & Cooling
Heating: Forced Air,Propane,OilHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Gas, BasementHas a Fireplace
Gas & Electric
Electric: Lake Country Power
Windows, Doors, Floors & Walls
Door: Patio DoorFlooring: Hardwood Floors
Levels, Entrance, & Accessibility
Number of Stories: 1Floors: Hardwood Floors
View
No View

Exterior Features

Exterior Home Features
Roof: Asphalt ShinglePatio / Porch: Deck, PatioFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 5Number of Covered Spaces: 5No CarportHas a GarageHas an Attached GarageParking Spaces: 5Parking: Asphalt,Attached,Detached,Multiple,Slab
Frontage
Road Frontage: County RoadResponsible for Road Maintenance: Public Maintained RoadNot on Waterfront
Water & Sewer
Sewer: Private Sewer, Mound Septic
Finished Area
Finished Area (above surface): 1920 Square FeetFinished Area (below surface): 802 Square Feet

Days on Market

Cumulative Days on Market: 177Days on Market: 180+

Property Information

Year Built
Year Built: 1978
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Vinyl, Wood, Frame/Wood
Property Information
Parcel Number: 465002003701

Price & Status

Price
List Price: $495,000Price Per Sqft: $182
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: 6124517

HOA

No HOA

Lot Information

Lot Area: 5 Acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 6124517Attribution Contact: ***Above Grade Unfinished Area: 1920

Around this home

What Locals Say about Ely

This October

Trick-or-Treat Score

Built from what locals say about this neighborhood.
  • 80% say there's holiday spirit
  • 75% say there are sidewalks
  • 72% say neighbors are friendly
Trulia Trick or TreatStart Ghost Hunt
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
    Flag
  • 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 September 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
100
3MoM
Sourced by Trulia Market Trends

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

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
2211 Spaulding Dr, Ely, MN
1.12
Single-Family Home
$640,000
07/17/26
4
3
3,336
1280 Heather St, Ely, MN
1.40
Single-Family Home
$205,000
02/20/26
3
3
3,048
2581 Hallmark Dr, Ely, MN
1.38
Single-Family Home
$375,000
09/15/26
4
2
2,457
1326 N 21st Ave E, Ely, MN
1.19
Single-Family Home
$250,000
12/18/25
3
2
1,728
607 N Main St, Winton, MN
0.85
Single-Family Home
$415,000
03/06/26
2
1
1,088
1530 N 20th Ave E, Ely, MN
1.14
Single-Family Home
$130,000
07/31/26
3
1
1,373
105 N Klondike Dr, Ely, MN
2.47
Single-Family Home
$875,000
11/21/25
3
2.5
2,187
1471 N Pioneer Rd, Ely, MN
1.66
Single-Family Home
$626,000
05/01/26
2
2
1,258

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
2798 Cedar Lake Rd, Ely, MN 55731
0.07
$287,600
2
2
1,120
Off Market
2842 Cedar Lake Rd, Ely, MN 55731
0.08
$386,000
4
2
1,544
Off Market
2852 Tulla Rd, Ely, MN 55731
0.11
$206,100
3
2
988
Off Market
2776 Cedar Lake Rd, Ely, MN 55731
0.13
$317,000
3
1
1,573
Off Market
2765 Cloquet Line, Ely, MN 55731
0.15
$411,200
2
1.5
2,040
Off Market
2839 Cedar Lake Rd, Ely, MN 55731
0.19
-
Studio
-
-
Off Market
2854 Tulla Rd, Ely, MN 55731
0.20
-
-
-
-
Off Market
2762 Cedar Lake Rd, Ely, MN 55731
0.22
$499,999
2
2
2,382
For Sale
2847 Cedar Lake Rd, Ely, MN 55731
0.22
$322,200
1
1
480
Off Market
2858 Cloquet Line, Ely, MN 55731
0.23
$283,000
4
2
1,809
Off Market
2882 Cloquet Line, Ely, MN 55731
0.30
-
2
1
784
Off Market
1225 Winton Rd, Ely, MN 55731
0.30
-
Studio
-
-
Off Market
2758 Cedar Lake Rd, Ely, MN 55731
0.30
$283,600
2
1
1,092
Off Market
2891 Cloquet Line, Ely, MN 55731
0.31
$310,900
2
2
1,296
Off Market
1238 Winton Rd, Ely, MN 55731
0.37
$328,300
3
2
1,248
Off Market
2874 Cloquet Line, Ely, MN 55731
0.38
$491,900
4
3
1,296
Off Market
1222 Winton Rd, Ely, MN 55731
0.40
$94,700
Studio
1
400
Off Market
2744 Cedar Lake Rd, Ely, MN 55731
0.40
$401,100
3
2
1,480
Off Market
Cedar Lake Rd, Ely, MN 55731
0.40
-
-
-
-
Off Market
1262 Winton Rd, Ely, MN 55731
0.41
$103,000
2
1
924
Off Market

Price and Tax history

DateEventPrice
Aug 5, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6124517
PriceChange
$495,000
Price decreased by 1%
Jun 2, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6124517
PriceChange
$499,000
Price decreased by 5%
Apr 15, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6124517
Listed For Sale
$525,000

LGBTQ Local Legal Protections

Lori Schulze, Keller Williams Classic Realty NW - Ely
Agent Phone: (218) 343-1787
Based on information submitted to the MLS GRID as of 2026-10-18 00:57:17 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 2826 Cedar Lake Rd

  • What is the estimated monthly payment for 2826 Cedar Lake Rd?
    Based on a $495,000 list price with 20% down at today's rates, the estimated monthly payment for 2826 Cedar Lake Rd in Ely, MN is approximately $3,278 (about $2,762 principal & interest, $441 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 2826 Cedar Lake Rd?
    The closest schools to 2826 Cedar Lake 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).
  • Does 2826 Cedar Lake Rd have air conditioning?
    Yes, 2826 Cedar Lake Rd in Ely, MN has air conditioning.
  • Does 2826 Cedar Lake Rd have laundry facilities?
    Yes, 2826 Cedar Lake Rd in Ely, MN has laundry facilities.
  • How big is the lot at 2826 Cedar Lake Rd?
    The lot at 2826 Cedar Lake Rd in Ely, MN is about 5 acres.
2826 Cedar Lake Rd, Ely, MN 55731 is a 4 bedroom, 3 bathroom, 2,722 sqft single-family home built in 1978. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on Apr 15, 2026. The MLS # for this home is MLS# 6124517.