3245 Wolf Lake Rd, Ely, MN 55731
Property image
Property image
OFF MARKET

3245 Wolf Lake Rd
Ely, MN 55731

  • 5 Beds
  • 6 Baths
  • 7,750 sqft (on 5.40 acres)

$1,820,600

Trulia Estimate
as of Aug 17, 2026
Est. Refi. Payment $11,000/mo*
Refinance Your Home

$1,820,600

Trulia Estimate
as of Aug 17, 2026
Est. Refi. Payment $11,000/mo*
Refinance Your Home
5 Beds
6 Baths
7,750 sqft
(on 5.40 acres)

Home Value

Trulia Estimate
$1.82M
Since last month
Decreased$5K (-0.3%)
Since last year
Increased$71K (+4%)
Since last sale
Increased$686K (+59.7%)
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 +57% in the last 10 years
MonthEstimated value
2026
August 2026$1.84M
July 2026$1.87M
June 2026$1.84M
May 2026$1.8M
April 2026$1.75M
March 2026$1.77M
February 2026$1.76M
January 2026$1.72M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
2375 Viste Point Rd, Ely, MN
0.04
Single-Family Home
$900,000
04/01/26
3
2
2,706
2375 Visti Point Rd, Ely, MN
0.04
Single-Family Home
$900,000
04/24/26
3
2
1,488
1859 Bobence Rd, Ely, MN
3.08
Single-Family Home
$420,000
06/22/26
3
3
1,532
2102 Twin Lakes Rd, Ely, MN
3.35
Single-Family Home
$109,864
12/29/25
3
2
2,172
1675 Bradach Rd, Ely, MN
4.06
Single-Family Home
$780,000
08/12/26
3
2
1,916
3819 Dorem Dr, Ely, MN
4.49
Single-Family Home
$798,500
06/10/26
2
2.5
1,774
2796 Clayton Rd, Ely, MN
4.06
Single-Family Home
$665,000
01/30/26
3
2
1,296
1755 Bradach Rd, Ely, MN
3.43
Single-Family Home
$260,000
07/08/26
1
1
694
1739 Bear Head State Park Rd, Ely, MN
4.74
Single-Family Home
$265,000
06/09/26
2
1
1,346
3810 Mud Creek Rd, Ely, MN
4.36
Single-Family Home
$110,000
05/06/26
2
-
840

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
2375 Viste Point Rd, Ely, MN 55731
0.04
$900,000
3
2
2,706
Recently Sold
3231 Wolf Lake Rd, Ely, MN 55731
0.12
$3,591,300
5
5
5,250
Off Market
XXX Wolf Lake Rd, Ely, MN 55731
0.21
-
-
-
-
Off Market
xxx Wolf Lake Rd, Ely, MN 55731
0.31
-
-
-
-
Off Market
3168 Wolf Lake Rd, Ely, MN 55731
0.49
-
-
-
-
Off Market
Wolf Lake Rd, Ely, MN 55731
0.50
-
-
-
-
Off Market
3297 Aspen Ln, Ely, MN 55731
0.59
$224,000
3
1
560
For Sale
TBD Wolf Lake Rd, Ely, MN 55731
0.91
-
-
-
-
Off Market
xxx Wolf Lake Rd, Ely, MN 55731
0.98
-
-
-
-
Off Market
Parcel A Van Vac Rd, Ely, MN 55731
1.06
-
-
-
-
Off Market
2296 Balsam Ln, Ely, MN 55731
1.03
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 3245 Wolf Lake Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2006
Lot Size
5.4 acres
Living Area
7,750 sqft
Price/Sqft
$235
Parking
Garage

About this House

This spectacular lake home has a commanding view of Burntside Lake. Professional grade appliances in two gourmet kitchens featuring granite counters and custom cabinetry. Two master bedroom suites plus 3 bedrooms, 5 baths, home theater, Ledgestone fireplace, an incredible work out area that includes a 6'depth Endless pool, cedar sauna,and large open shower. Wine cellar, Ledgerock screen porch, wrap around decks with glass paneled rails, 3 stall attached garage, 2 stall detached garage, plus 72X30 pole building. All this on 5+acres and 200'+ lksh. Seller completed this house in 2012 with quality materials and outstanding workmanship. Sold completely furnished with high end furniture. Brokered And Advertised By: BIC Realty Corp Listing Agent: Barb Hegg
3245 Wolf Lake Rd, Ely, MN 55731 is a 5 bedroom, 6 bathroom, 7,750 sqft single-family home built in 2006. It last sold for $1,150,000 on Mar 14, 2014. It is currently off market. The Trulia Estimate is $1,820,600, with a rent estimate of $4,369/month.

Home Details for 3245 Wolf Lake Rd

Interior Features

Interior Details
Basement
Heating & Cooling
Heating: OtherAir ConditioningCooling System: CentralHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1.7000000476837158
Appliances & Utilities
DishwasherDryerMicrowaveRefrigeratorWasher
Fireplace & Spa
FireplaceHot Tub or Spa

Exterior Features

Exterior Home Features
Roof: MetalExterior: VinylPatio
Parking & Garage
GarageParking Spaces: 5Parking: Garage Attached, Garage Detached

Property Information

Year Built
Year Built: 2006
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 5.40 acres

Building

Pool
Sauna

Price and Tax history

DateEventPrice
Mar 14, 2014
Source: Lake Superior Area Realtors as distributed by MLS GRID #1998932
Sold
$1,150,000
Nov 3, 2013
Source: Agent Provided
PriceChange
$1,450,000
Price decreased by 3%
Oct 16, 2013
Source: Agent Provided
PriceChange
$1,499,900
Price decreased by 3%
Sep 15, 2013
Source: Agent Provided
PriceChange
$1,550,000
Price decreased by 3%
Sep 6, 2013
Source: Agent Provided
PriceChange
$1,600,000
Price decreased by 7%

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
2MoM
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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
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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. "
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    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

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Apartments for Rent

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Homes for sale near 3245 Wolf Lake Rd

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Off Market Homes Near 3245 Wolf Lake Rd

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Frequently asked questions about 3245 Wolf Lake Rd

  • What is 3245 Wolf Lake Rd estimated to be worth?
    Trulia's estimated value for 3245 Wolf Lake Rd in Ely, MN is $1,820,600.
  • What is the price history for 3245 Wolf Lake Rd?
    3245 Wolf Lake Rd in Ely, MN last sold for $1,150,000 in March 2014.
  • 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 3245 Wolf Lake Rd have air conditioning?
    Yes, 3245 Wolf Lake Rd in Ely, MN has air conditioning.
  • Does 3245 Wolf Lake Rd have laundry facilities?
    Yes, 3245 Wolf Lake Rd in Ely, MN has in-unit laundry.