3206 Shadyrest, Ely, MN 55731
OFF MARKET

$714,500

Trulia Estimate
  • 2 Beds
  • 2 Baths
  • 918 sqft (on 2.69 acres)

3206 Shadyrest, Ely, MN 55731

Est. Refi. Payment $4,623/mo*
Refinance Your Home
Currently Off Market - Sold Aug 29, 2025 for $710,200

Home Value

Trulia Estimate
$715K
Since last month
Decreased$2K (-0.2%)
Since last year
Increased$4K (+0.5%)
Since last sale
Increased$5K (+0.7%)
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 +18% in the last 10 years
MonthEstimated value
2026
October 2026$715K
September 2026$717K
August 2026$721K
July 2026$726K
June 2026$721K
May 2026$724K
April 2026$718K
March 2026$706K
February 2026$706K
January 2026$711K
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
377 Sunset Rd, Ely, MN
0.76
Single-Family Home
$747,000
07/06/26
3
3
3,175
413 Sunset Rd, Ely, MN
1.00
Single-Family Home
$519,000
07/31/26
3
2
1,320
13359 Villa Rd, Ely, MN
1.36
Single-Family Home
$475,000
08/24/26
3
1.5
1,248
2137 Deer Ridge Rd, Ely, MN
1.52
Single-Family Home
$420,000
11/14/25
1
1
1,440
13462 Villa Rd, Ely, MN
1.67
Single-Family Home
$465,000
05/27/26
4
2.5
1,962
13464 Chestnut Dr, Ely, MN
1.60
Single-Family Home
$210,000
07/27/26
2
1
1,215
540 Loop Rd, Ely, MN
2.13
Single-Family Home
$710,000
02/06/26
3
2
3,160
xxxxx White Iron Lake, Ely, MN
1.22
Single-Family Home
$285,000
03/06/26
3
-
1,072
1280 S White Iron Rd, Ely, MN
2.32
Single-Family Home
$745,000
09/10/26
4
2.5
2,371
632 Voyageur Rd, Ely, MN
2.53
Single-Family Home
$475,000
08/28/26
2
1
1,335

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
3206 Shady Rest, Ely, MN 55731
0.02
$714,500
2
2
1,768
Off Market
3200 Shady Rst, Ely, MN 55731
0.05
$973,500
3
2
2,188
Off Market
3216 Shady Rest, Ely, MN 55731
0.05
-
-
-
-
Off Market
3203 Shady Rst, Ely, MN 55731
0.08
$538,400
2
2.5
4,320
Off Market
3209 Big Rock Dr, Ely, MN 55731
0.08
$710,800
3
1
1,782
Off Market
3234 Shady Rst, Ely, MN 55731
0.11
$912,900
3
2
2,700
Off Market
3217 Shady Rst, Ely, MN 55731
0.11
$152,100
1
-
-
Off Market
3217 Big Rock Dr, Ely, MN 55731
0.12
$835,900
3
2
1,736
Off Market
Sunset Rd, Ely, MN 55731
0.13
-
-
-
-
Off Market
3216 Big Rock Dr, Ely, MN 55731
0.14
-
Studio
-
-
Off Market
274 Sunset Rd, Ely, MN 55731
0.15
-
-
-
-
Off Market
3242 Shady Rst, Ely, MN 55731
0.15
$832,100
3
2
2,400
Off Market
3225 Big Rock Dr, Ely, MN 55731
0.16
$681,500
4
2
-
Off Market
3244 Shady Rst, Ely, MN 55731
0.18
-
2
-
672
Off Market
260 Sunset Rd, Ely, MN 55731
0.19
$297,400
1
-
416
Off Market
237 Sunset Rd, Ely, MN 55731
0.20
$343,200
2
2
1,176
Off Market
3229 Big Rock Dr, Ely, MN 55731
0.21
-
-
-
-
Off Market
3248 Shady Rst, Ely, MN 55731
0.22
$1,123,200
1
3
2,048
Off Market
3229 Big Rock Dr, Ely, MN 55731
0.22
$880,400
2
2
1,923
Off Market
221 Sunset Rd, Ely, MN 55731
0.25
$523,000
4
2
2,200
Off Market

Local Information

  • Map ViewExplore the area around 3206 Shadyrest.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1993
2.69 acre lot
918 sqft
$778/sqft
Garage

About this House

This single-family home is located at 3206 Shadyrest, Ely, MN. 3206 Shadyrest is in Ely, MN and in ZIP code 55731. This property has 2 bedrooms, 2 bathrooms and approximately 918 sqft of floor space. This property has a lot size of 2.69 acres and was built in 1993.
3206 Shadyrest, Ely, MN 55731 is a 2 bedroom, 2 bathroom, 918 sqft single-family home built in 1993. It last sold for $710,200 on Aug 29, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $714,500, with a rent estimate of $1,912/month.

Home Details for 3206 Shadyrest

Interior Features

Levels, Entrance, & Accessibility
Stories: 2
Interior Details
In-law unit
Heating & Cooling
Air Conditioning
Fireplace & Spa
FireplaceHot Tub or Spa

Property Information

Year Built
Year Built: 1993
Property Type / Style
Property Type: Single Family HomeArchitecture: Log Cabin/Rustic

Exterior Features

Exterior Home Features
DeckExterior: Wood
Pool
Pool
Parking & Garage
GarageParking: Garage Attached

Community

Units in Building: 1

Lot Information

Lot Area: 2.69 acres

Building

Pool
Sauna

Price and Tax history

DateEventPrice
Aug 29, 2025
Source: N/A
Sold
$710,200

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

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

LGBTQ Local Legal Protections

Frequently asked questions about 3206 Shadyrest

  • What is 3206 Shadyrest estimated to be worth?
    Trulia's estimated value for 3206 Shadyrest in Ely, MN is $714,500.
  • What is the price history for 3206 Shadyrest?
    3206 Shadyrest in Ely, MN last sold for $710,200 in August 2025.
  • Is Ely a buyer's or seller's market?
    Ely is currently a buyer's market, based on recent for-sale activity.
  • 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 recently sold homes in Ely, MN.
  • Does 3206 Shadyrest have a pool?
    Yes, 3206 Shadyrest in Ely, MN has a pool.
  • How big is the lot at 3206 Shadyrest?
    The lot at 3206 Shadyrest in Ely, MN is about 2.7 acres.

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