296 Shady Ln, Ely, MN 55731
Property image
Property image
FOR SALE
5.75 ACRES

$249,000

Original price: $279,000
  • 2 Beds
  • 1 Bath
  • 912 sqft (on 5.75 acres)

296 Shady Ln, Ely, MN 55731

Est. Mortgage $1,645/mo*
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Home Highlights

Single-Family Home
Built in 1998
5.75 acre lot
$273/sqft

Local Information

  • Map ViewExplore the area around 296 Shady Ln.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

This Northwoods two bedroom, one bath cabin with drilled well and compliant septic can be enjoyed year-round! The open floor plan features beautiful natural woodwork throughout, a cozy woodstove in the living room, a main floor bedroom and bathroom, and an open sleeping loft above—perfect for guests or additional space. Set on 5.75 private acres overlooking a scenic pond, this property offers the peaceful setting you’ve been looking for, with plenty of room to explore and unwind. Included is an additional parcel on Fall Lake, providing direct access to the renowned Boundary Waters Canoe Area Wilderness—a rare opportunity for paddling, fishing, and world-class outdoor adventure right at your fingertips. Whether you’re enjoying quiet mornings by the water, evenings around the fire, or year-round recreation like hiking, snowmobiling, and exploring the surrounding wilderness, this property is a wonderful, private up-north retreat that truly captures the best of Minnesota’s Northwoods lifestyle.
Last check for updates: about 15 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#6124796
Also Listed on Lake Superior Area Realtors as distributed by MLS GRID.

Home Details for 296 Shady Ln

Interior Features

Interior Details
Number of Rooms: 4Types of Rooms: Bedroom, Kitchen, Living Room, Loft
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (three quarters): 1
Dimensions and Layout
Living Area: 912 Square FeetFoundation Area: 672
Heating & Cooling
Heating: Fireplace(s),WoodHas HeatingHeating Fuel: Fireplace S
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Free StandingHas a Fireplace
Gas & Electric
Electric: Lake Country Power
Levels, Entrance, & Accessibility
Number of Stories: 1
View
No View

Exterior Features

Parking & Garage
No CarportNo GarageNo Attached GarageParking: None
Frontage
WaterfrontWaterfront: Pond, Waterfront Access(Private)On Waterfront
Water & Sewer
Sewer: Private Sewer, Mound SepticWater Body: Other - See Remarks
Farm & Range
Frontage Length: 600
Finished Area
Finished Area (above surface): 912 Square Feet

Days on Market

Cumulative Days on Market: 65Days on Market: 145

Property Information

Year Built
Year Built: 1998
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Bungalow
Building
Construction Materials: Wood, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 28631118045, 28637518270 & 18315

Price & Status

Price
List Price: $249,000Price Per Sqft: $273

Active Status

MLS Status: ACTIVE

Location

Direction & Address
City: Ely
School Information
High School District: Lake Superior #381

Agent Information

Listing Agent
Listing ID: 6124796

HOA

No HOA

Lot Information

Lot Area: 5.75 Acres

Miscellaneous

BasementMls Number: 6124796Attribution Contact: ***Above Grade Unfinished Area: 912

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

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
607 N Main St, Winton, MN
1.75
Single-Family Home
$415,000
03/06/26
2
1
1,088
631 Circle Dr, Ely, MN
1.51
Single-Family Home
$805,000
01/16/26
3
2.5
2,373
386 Garden Lake Rd, Ely, MN
2.11
Single-Family Home
$419,000
12/08/25
3
2
2,281
14108 Fall Lake Rd, Ely, MN
1.93
Single-Family Home
$359,000
05/29/26
2
2
3,274
13464 Chestnut Dr, Ely, MN
3.08
Single-Family Home
$210,000
07/27/26
2
1
1,215
13408 Black Bear Tr, Ely, MN
3.59
Single-Family Home
$210,000
09/25/25
2
1
614
632 Voyageur Rd, Ely, MN
3.42
Single-Family Home
$475,000
08/28/26
2
1
1,335
13462 Villa Rd, Ely, MN
3.02
Single-Family Home
$465,000
05/27/26
4
2.5
1,962
1530 N 20th Ave E, Ely, MN
3.69
Single-Family Home
$130,000
07/31/26
3
1
1,373

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
14057 Mikana Rd, Ely, MN 55731
0.30
-
-
-
-
Off Market
xxx Shady Ln, Ely, MN 55731
0.30
-
-
-
-
Off Market
14026 Chickadee Ln, Ely, MN 55731
0.70
$1,207,500
3
2.5
3,000
Off Market
XXX3 Powerhouse Trail Lot 3, Ely, MN 55731
0.78
-
-
-
-
Off Market
XXX4 Powerhouse Trail Lot 4, Ely, MN 55731
0.79
-
-
-
-
Off Market
XXX2 Powerhouse Trail Lot 2, Ely, MN 55731
0.79
-
-
-
-
Off Market
XXX5 Powerhouse Trail Lot 5, Ely, MN 55731
0.80
-
-
-
-
Off Market
XXX1 Powerhouse Trail Lot 1, Ely, MN 55731
0.83
-
-
-
-
Off Market
XXX6 Powerhouse Trail Lot 6, Ely, MN 55731
0.84
-
-
-
-
Off Market
TBD Powerhouse Trail Lot 6, Ely, MN 55731
0.84
$344,900
-
-
-
For Sale

Price and Tax history

DateEventPrice
Jun 30, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6124796
PriceChange
$249,000
Price decreased by 11%
Apr 28, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6124796
Listed For Sale
$279,000
Jan 17, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6114954
ListingRemoved
$299,000
Sep 17, 2025
Source: Lake Superior Area Realtors as distributed by MLS GRID #6114954
PriceChange
$299,000
Price decreased by 3%
Jul 14, 2025
Source: Lake Superior Area Realtors as distributed by MLS GRID #6114954
PriceChange
$309,000
Price decreased by 3%

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 2026-09-20 11:57:08 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 296 Shady Ln

  • What is the estimated monthly payment for 296 Shady Ln?
    Based on a $249,000 list price with 20% down at today's rates, the estimated monthly payment for 296 Shady Ln in Ely, MN is approximately $1,662 (about $1,365 principal & interest, $222 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 296 Shady Ln?
    The closest schools to 296 Shady Ln in Ely, MN are Minnehaha Elementary School (Pre-K, rated 6/10), Two Harbors Secondary (Middle/High, rated 7/10).
  • How big is the lot at 296 Shady Ln?
    The lot at 296 Shady Ln in Ely, MN is about 5.8 acres.
296 Shady Ln, Ely, MN 55731 is a 2 bedroom, 1 bathroom, 912 sqft single-family home built in 1998. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on Apr 28, 2026. The MLS # for this home is MLS# 6124796.