4194 First Lake Rd, Ely, MN 55731
Property image
Property image
OFF MARKET

$131,300

Trulia Estimate
  • 1 Bed
  • 280 sqft (on 11.43 acres)

4194 First Lake Rd, Ely, MN 55731

Est. Refi. Payment $903/mo*
Refinance Your Home
Currently Off Market - Sold Nov 13, 2025 for $129,000

Home Value

Trulia Estimate
$131K
Since last month
Increased$700 (+0.5%)
Since last year
Increased$2K (+1.5%)
Since last sale
Increased$2K (+1.7%)
Learn more about this home's value by checking out its Trulia Estimate and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -2% in the last 10 years
MonthEstimated value
2026
September 2026$131K
August 2026$131K
July 2026$131K
June 2026$133K
May 2026$133K
April 2026$136K
March 2026$134K
February 2026$132K
January 2026$132K
2025

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
3784 Fenske Lake Rd Unit 5, Ely, MN
1.89
Single-Family Home
$310,000
06/12/26
2
2
967
1736 N Grassy Rd, Ely, MN
2.69
Single-Family Home
$335,000
10/01/25
2
1
760
2151 Echo Tr, Ely, MN
3.76
Single-Family Home
$135,000
12/05/25
1
-
480
3422 North Arm Rd, Ely, MN
4.71
Single-Family Home
$1,075,000
02/13/26
3
2
2,862
1475 Echo Tr, Ely, MN
5.74
Single-Family Home
$272,500
06/30/26
1
1
1,160
3009 Burntside Ridge Rd, Ely, MN
5.80
Single-Family Home
$729,000
09/18/26
2
1
773
1883 Lindbeck Rd, Ely, MN
5.92
Single-Family Home
$725,000
01/12/26
4
4
2,628

Local Information

  • Map ViewExplore the area around 4194 First Lake Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2016
11.43 acre lot
280 sqft
$469/sqft

About this House

Located 11 miles north of Ely, just off the renowned Echo Trail, this serene retreat spans 11.46 acres of stunning pink granite and towering century-old White Pines. Constructed in 2016, this 14 x 20 cabin is designed for year-round use, providing a perfect escape from city life and an ideal vantage point for observing the Northern Lights and the expansive northern sky. Nearby, walking access to the Boundary Waters Canoe Area (BWCA) enhances the outdoor experience. This "glamping" cabin features wood heating, a propane cooking stove, a sink with a 5-gallon grey water washstand, an 11 x 14 dining/living area, and an 8 x 11 open bedroom. Guests need only to bring potable water and can enjoy a mostly furnished space equipped with essential amenities. The cabin is powered by three 12-volt ceiling fixtures connected to a marine battery, with the option of using a solar charger for year-round battery maintenance. An inviting 6 x 14 deck at the entrance provides seasonal outdoor space for grilling or relaxation. Additionally, an 8 x 14 woodshed with attached 4-wheeler storage, complete with ramps, is fully stocked and ready for use. The property also includes a vaulted privy system, permitted by St. Louis County, which is scheduled for inspection soon. A cozy outdoor firepit area invites gatherings under the starlit sky, allowing for a truly immersive experience in nature. With a gated entry off the Echo Trail, this 11.46-acre property offers abundant privacy and tranquility.
4194 First Lake Rd, Ely, MN 55731 is a 1 bedroom, 280 sqft single-family home built in 2016. It last sold for the $129,000 asking price on Nov 13, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $131,300, with a rent estimate of $1,038/month.
Last check for updates: about 3 hours ago
Listed by Jerry Fink, (218) 343-1318
Canoe Capital Realty, LLC
Bought with: Jerry Fink, (218) 343-1318, Canoe Capital Realty, LLC
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6120238

Home Details for 4194 First Lake Rd

Interior Features

Interior Details
Number of Rooms: 2Types of Rooms: Bedroom, Dining Room
Beds & Baths
Number of Bedrooms: 1Main Level Bedrooms: 1
Dimensions and Layout
Living Area: 280 Square FeetFoundation Area: 280
Heating & Cooling
Heating: WoodHas HeatingHeating Fuel: Wood
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: None
Levels, Entrance, & Accessibility
Number of Stories: 1
View
No View

Exterior Features

Parking & Garage
No CarportNo GarageNo Attached GarageParking: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Private Sewer, Outhouse
Finished Area
Finished Area (above surface): 280 Square Feet

Days on Market

Cumulative Days on Market: 125

Property Information

Year Built
Year Built: 2016
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Rustic
Building
Construction Materials: Wood, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 628001001961

Price & Status

Price
List Price: $129,000
Status Change & Dates
Off Market Date: Mon Oct 20 2025

Active Status

MLS Status: SOLD

Location

Direction & Address
City: Ely
School Information
High School District: Ely #696

HOA

No HOA

Lot Information

Lot Area: 11.43 Acres

Miscellaneous

Mls Number: 6120238Attribution Contact: ***Above Grade Unfinished Area: 280

Price and Tax history

DateEventPrice
Nov 13, 2025
Source: Lake Superior Area Realtors as distributed by MLS GRID #6120238
Sold
$129,000
Oct 20, 2025
Source: Lake Superior Area Realtors as distributed by MLS GRID #6120238
Pending
$129,000
Aug 27, 2025
Source: Lake Superior Area Realtors as distributed by MLS GRID #6120238
PriceChange
$129,000
Price decreased by 4%
Jun 20, 2025
Source: Lake Superior Area Realtors as distributed by MLS GRID #6120238
Listed For Sale
$134,900

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

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
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-22 12:37:11 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 4194 First Lake Rd

  • What is 4194 First Lake Rd estimated to be worth?
    Trulia's estimated value for 4194 First Lake Rd in Ely, MN is $131,300.
  • What is the price history for 4194 First Lake Rd?
    4194 First Lake Rd in Ely, MN last sold for $129,000 in November 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.
  • How big is the lot at 4194 First Lake Rd?
    The lot at 4194 First Lake Rd in Ely, MN is about 11.4 acres.

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