3216 Shady Rest, Ely, MN 55731
Property image
Property image
OFF MARKET

3216 Shady Rest
Ely, MN 55731

    (on 3 acres)

    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
    TBD Black Bear Tr, Ely, MN
    1.94
    Lot/Land
    $69,500
    08/18/26
    -
    -
    1356 Southwest Shores Tr, Ely, MN
    3.15
    Lot/Land
    $300,000
    10/17/25
    -
    -
    TBD Lot 5 Truman LN, Ely, MN
    2.85
    Lot/Land
    $52,900
    12/05/25
    -
    -
    2125 Sibley Court, Ely, MN
    3.55
    Lot/Land
    $490,000
    05/27/26
    -
    -
    XXX3 Powerhouse Trail Lot 3, Ely, MN
    3.94
    Lot/Land
    $225,000
    09/04/25
    -
    -
    XXX5 Powerhouse Trail Lot 5, Ely, MN
    3.92
    Lot/Land
    $240,000
    08/29/25
    -
    -
    XXX4 Powerhouse Trail Lot 4, Ely, MN
    3.93
    Lot/Land
    $215,000
    09/11/25
    -
    -
    2128 and 2136 Sibley Court, Ely, MN
    3.49
    Lot/Land
    $38,900
    10/23/25
    -
    -

    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
    0.04
    $725,500
    2
    2
    1,768
    Off Market
    260 Sunset Rd, Ely, MN 55731
    0.18
    $301,600
    1
    -
    416
    Off Market
    3229 Big Rock Dr, Ely, MN 55731
    0.27
    $894,200
    2
    2
    1,923
    Off Market
    Sunset Rd, Ely, MN 55731
    0.32
    -
    -
    -
    -
    Off Market
    201 Sunset Rd, Ely, MN 55731
    0.34
    $809,700
    3
    1
    1,490
    Off Market
    167 Sunset Rd, Ely, MN 55731
    0.53
    $801,200
    3
    2
    2,520
    Off Market
    359 Sunset Rd, Ely, MN 55731
    0.67
    $625,000
    2
    2
    2,079
    For Sale
    tbd Sunset Rd, Ely, MN 55731
    0.71
    -
    -
    -
    -
    Off Market
    tbd Sunset Rd, Ely, MN 55731
    0.71
    -
    -
    -
    -
    Off Market
    tbd Sunset Rd, Ely, MN 55731
    0.80
    -
    -
    -
    -
    Off Market
    tbd Sunset Rd, Ely, MN 55731
    0.83
    -
    -
    -
    -
    Off Market

    Local Information

    • Map ViewExplore the area around 3216 Shady Rest.
    • Schools1 Preschool School1 Elementary School1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    Home Highlights

    Property Type
    Lot/Land
    Lot Size
    3 acres

    About this House

    Located on the shores of White Iron Lake in Ely, MN, this stunning property features +/-3 acres of gently sloping land with beautifully manicured trees to the +/-340’ of level shoreline providing a blueberry haven on a ledgerock point with phenomenal westerly views and great swimming. An established driveway is in place offering options for the perfect build site. This property comes with a shared boat launch just down the road.
    3216 Shady Rest, Ely, MN 55731 is a lot/land. It last sold for $315,000 on Oct 23, 2025 (3% below the $325,000 asking price). It is currently off market. The Trulia Estimate rent is $1,696/month.
    Last check for updates: about 22 hours ago
    Listed by Anna Yahnke, (218) 235-3547
    Bear Island Realty LLC
    Kate Davies, (218) 343-9173
    Bear Island Realty LLC
    Bought with: Chris Eilrich, (218) 343-6169, Wildwoods Land Company
    Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6121867

    Home Details for 3216 Shady Rest

    Interior Features

    Appliances & Utilities
    Utilities: Satellite, Electricity Available
    Gas & Electric
    Electric: Minnesota Power
    View
    Has a ViewView: Inland Lake, Panoramic

    Exterior Features

    Exterior Home Features
    Vegetation: Heavily Wooded
    Parking & Garage
    Parking: Gravel
    Frontage
    WaterfrontWaterfront: Inland Lake, Waterfront Access(Private)Road Frontage: Dead End/No Outlet, Private RoadResponsible for Road Maintenance: Association Maintained Road, Year RoundOn Waterfront
    Water & Sewer
    Water Body: White Iron
    Farm & Range
    Frontage Length: 315

    Days on Market

    Cumulative Days on Market: 10

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Property Information
    Parcel Number: 28622501070

    Price & Status

    Price
    List Price: $325,000
    Status Change & Dates
    Off Market Date: Sat Sep 20 2025Possession Timing: See Remarks

    Active Status

    MLS Status: SOLD

    Location

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

    HOA

    No HOA

    Lot Information

    Lot Area: 3 Acres

    Offer

    Listing Terms: Cash, Conventional

    Miscellaneous

    Mls Number: 6121867Water ViewWater View: LakeAttribution Contact: ***

    Price and Tax history

    DateEventPrice
    Oct 23, 2025
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6121867
    		Sold
    $315,000
    Sep 23, 2025
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6121867
    		Pending
    $325,000
    Sep 11, 2025
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6121867
    		Listed For Sale
    $325,000
    Apr 24, 2019
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6080391
    		Sold
    $165,000
    Apr 3, 2019
    Source: Agent Provided
    		Pending
    $179,900

    Market trends in Ely

    Last updated July 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    —
    Sale-to-List Price
    —
    Price per sq ft
    —
    Available listings
    98
    2    MoM

    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. "
      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

    Based on information submitted to the MLS GRID as of 2026-08-22 10:57:29 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

    Frequently asked questions about 3216 Shady Rest

    • What is the price history for 3216 Shady Rest?
      3216 Shady Rest in Ely, MN last sold for $315,000 in October 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.
    • What are the closest schools to 3216 Shady Rest?
      The closest schools to 3216 Shady Rest in Ely, MN are Minnehaha Elementary School (Pre-K, rated 6/10), Two Harbors Secondary (Middle/High, rated 7/10).

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