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

296 Shady Ln
Ely, MN 55731

  • 2 Beds
  • 1 Bath
  • 912 sqft (on 5.75 acres)

$279,000

Est. Mortgage $1,701/mo*
Get Pre-Qualified

$279,000

Est. Mortgage $1,701/mo*
Get Pre-Qualified
2 Beds
1 Bath
912 sqft
(on 5.75 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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.

Home Highlights

Parking
None
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$306
Listed
9 days ago

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: 2Main Level Bedrooms: 1Number 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: 1Days on Market: 9

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: $279,000Price Per Sqft: $306

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
Last check for updates: about 14 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.

Price History for 296 Shady Ln

DatePriceEventSource
04/28/2026$279,000Listed For SaleLake Superior Area Realtors as distributed by MLS GRID #6124796
01/17/2026$299,000ListingRemovedLake Superior Area Realtors as distributed by MLS GRID #6114954
09/17/2025$299,000PriceChange
Lake Superior Area Realtors as distributed by MLS GRID #6114954
07/14/2025$309,000PriceChange
Lake Superior Area Realtors as distributed by MLS GRID #6114954
06/28/2025$319,000PriceChange
Lake Superior Area Realtors as distributed by MLS GRID #6114954
07/17/2024$329,000Listed For SaleLake Superior Area Realtors as distributed by MLS GRID #6114954
06/02/2017$119,000Sold
Lake Superior Area Realtors as distributed by MLS GRID #6021277
03/13/2017$119,000PendingAgent Provided
04/05/2016$119,000Listed For SaleAgent Provided
12/12/2015$129,900ListingRemovedAgent Provided
08/14/2015$129,900Listed For SaleAgent Provided
02/26/2015$139,900ListingRemovedAgent Provided
06/15/2014$139,900Listed For SaleAgent Provided

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Property Tax and Assessment

Year2025
Tax$46
Assessment$7,400
Home facts updated by county records

Comparable Sales for 296 Shady Ln

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
444 Fernberg Rd #9, Ely, MN
1.40
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$260,000
05/30/25
2
1
871
611 Circle Dr, Ely, MN
1.34
Single-Family Home
$616,500
07/18/25
3
1
1,253
142 Onigum Trl, Ely, MN
1.26
Single-Family Home
$930,000
08/29/25
3
2
2,042
607 Main St N, Winton, MN
1.75
Single-Family Home
$415,000
03/06/26
2
1
1,088
110 2nd Ave E, Winton, MN
1.98
Single-Family Home
$115,000
07/28/25
1
1
1,008
118 Onigum Trl, Ely, MN
1.37
Single-Family Home
$735,000
09/04/25
3
2
2,189
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
13872 Outback Rd, Ely, MN
2.23
Single-Family Home
$135,000
08/15/25
1
-
486
615 Kellys Lots, Ely, MN
3.09
Single-Family Home
$330,000
07/15/25
1
1
777

Assigned Schools

These are the assigned schools for 296 Shady Ln.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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 it's walkable to grocery stores

  • 75 % Say there are sidewalks

  • 73 % Say streets are well-lit

  • 72 % Say neighbors are friendly

  • 45 % Say there are community events

  • 36 % Say they plan to stay for at least 5 years

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

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 2026-05-07 16:37:21 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
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.