4996 Big Lake Rd, Ely, MN 55731
Property image
Property image
FOR SALE

$222,500

Original price: $219,000
  • 2 Beds
  • 1 Bath
  • 400 sqft

4996 Big Lake Rd, Ely, MN 55731

Est. Mortgage $1,728/mo*
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Home Highlights

Single-Family Home
Built in 1950
$556/sqft
HOA $250/mo

Local Information

  • Map ViewExplore the area around 4996 Big Lake Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Big Lake Common Interest Community, investment property. This 2 bedroom, 1 bath cabin features an open living, kitchen and dining area with 2 adjacent bedrooms and a ¾ bath. Deck overlooking the lake. Big Lake is a recreational development lake, 1900 acres with a maximum depth of 22 ft. Excellent fishing. For your private use and enjoyment and also requires rentals. Owner can use for 2 specific dates of their choice. Rentals managed by an on-site well established management company. General maintenance taken care of as part of the income split. Includes a newer pontoon boat for you and renters to use. The cabin is completely furnished and well cared for.
Last check for updates: about 1 hour ago
Listing courtesy of Lisa Poppenhagen, (218) 235-7836
Ely Realty
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6124548
Also Listed on Lake Superior Area Realtors as distributed by MLS GRID, Range AOR, Range AOR.

Home Details for 4996 Big Lake Rd

Interior Features

Interior Details
Basement: N/ANumber of Rooms: 4Types of Rooms: Bedroom, Bathroom, Living Room
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (three quarters): 1
Dimensions and Layout
Living Area: 400 Square FeetFoundation Area: 396
Appliances & Utilities
Appliances: Water Heater-Gas, Microwave, Range, RefrigeratorMicrowaveRefrigerator
Heating & Cooling
Heating: PropaneNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Propane
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: Other
Windows, Doors, Floors & Walls
Window: Vinyl Windows
Levels, Entrance, & Accessibility
Number of Stories: 1
View
Has a ViewView: Inland Lake, Panoramic

Exterior Features

Exterior Home Features
Roof: MetalPatio / Porch: DeckExterior: Dock
Parking & Garage
No CarportNo GarageNo Attached GarageParking: None
Frontage
WaterfrontWaterfront: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Rocky, Elevation-Medium)Road Frontage: Private RoadOn Waterfront
Water & Sewer
Sewer: Shared SepticWater Body: Big Lake
Farm & Range
Frontage Length: 1500
Finished Area
Finished Area (above surface): 400 Square Feet

Days on Market

Cumulative Days on Market: 65Days on Market: 157

Property Information

Year Built
Year Built: 1950
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Rustic
Building
Construction Materials: Wood, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 629003200040

Price & Status

Price
List Price: $222,500Price Per Sqft: $556
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: ACTIVE

Location

Direction & Address
City: Ely
School Information
High School District: St. Louis County #2142

Agent Information

Listing Agent
Listing ID: 6124548

HOA

HOA Fee Includes: Dock Maintenance, Shared AmenitiesHas an HOAHOA Fee: $3,000/Annually

Lot Information

Lot Area: 7840.8 sqft

Offer

Listing Terms: Cash, Conventional

Miscellaneous

Mls Number: 6124548Water ViewWater View: LakeAttribution Contact: ***Above Grade Unfinished Area: 400

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. "
    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

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

Home Value

Trulia Estimate
$214K
Since last month
Decreased$2K (-1.1%)
Since last year
Increased$20K (+10.2%)
Since last sale
Increased$14K (+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 +146% in the last 10 years
MonthEstimated value
2026
September 2026$214K
August 2026$216K
July 2026$218K
June 2026$283K
May 2026$218K
April 2026$215K
March 2026$194K
February 2026$194K
2025
2024
2023
2022
2021
2020

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
4194 First Lake Rd, Ely, MN
5.75
Single-Family Home
$129,000
11/13/25
1
-
280
3784 Fenske Lake Rd Unit 5, Ely, MN
7.55
Single-Family Home
$310,000
06/12/26
2
2
967

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
4990 Big Lake Rd, Ely, MN 55731
0.04
$237,400
3
1.5
632
Off Market
4994 Big Lake Rd, Ely, MN 55731
0.02
$200,000
2
1
400
For Sale
4995 Big Lake Rd Unit 21, Ely, MN 55731
0.03
$108,500
2
1
382
Off Market
3012 Echo Tr, Ely, MN 55731
0.05
$115,800
1
1
282
Off Market
3012 Echo Tr Unit 16, Ely, MN 55731
0.09
-
-
-
-
Off Market
3012 Echo Tr Unit 2, Ely, MN 55731
0.10
-
-
-
-
Off Market
TBD Big Lake Rd, Ely, MN 55731
0.17
-
-
-
-
Off Market
5039 Big Lake Rd, Ely, MN 55731
0.22
$79,900
-
-
-
For Sale
5049 Big Lake Rd, Ely, MN 55731
0.27
$62,500
-
-
-
For Sale

Price and Tax history

DateEventPrice
May 7, 2026
Source: Range AOR #149778
PriceChange
$222,500
Price increased by 2%
Apr 17, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6124548
Listed For Sale
$219,000
Nov 7, 2025
Source: Lake Superior Area Realtors as distributed by MLS GRID #6119179
ListingRemoved
$205,000
Sep 19, 2025
Source: Range AOR #148282
PriceChange
$205,000
Price decreased by 8%
Jul 5, 2025
Source: Range AOR #148282
PriceChange
$222,000
Price decreased by 4%

LGBTQ Local Legal Protections

Lisa Poppenhagen, Ely Realty
Agent Phone: (218) 235-7836
Based on information submitted to the MLS GRID as of 2026-09-22 00:37:14 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

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Frequently asked questions about 4996 Big Lake Rd

  • What is the estimated monthly payment for 4996 Big Lake Rd?
    Based on a $222,500 list price with 20% down at today's rates, the estimated monthly payment for 4996 Big Lake Rd in Ely, MN is approximately $1,487 (about $1,214 principal & interest, $198 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • 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 homes for sale in Ely, MN.
  • What are the closest schools to 4996 Big Lake Rd?
    The closest schools to 4996 Big Lake Rd in Ely, MN are Northeast Range Secondary (Middle/High, rated 6/10), Tower-Soudan Elementary School (Pre-K, rated 5/10).
  • What is 4996 Big Lake Rd estimated to be worth?
    Trulia's estimated value for 4996 Big Lake Rd in Ely, MN is $213,900.
  • How big is the lot at 4996 Big Lake Rd?
    The lot at 4996 Big Lake Rd in Ely, MN is about 0.18 acres (7,841 sq ft).
4996 Big Lake Rd, Ely, MN 55731 is a 2 bedroom, 1 bathroom, 400 sqft single-family home built in 1950. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on Apr 17, 2026. The MLS # for this home is MLS# 6124548.