5004 Paradise Ln, Ely, MN 55731
OFF MARKET

$382,900

Trulia Estimate
  • 3 Beds
  • 3 Baths
  • 1,700 sqft (on 3.10 acres)

5004 Paradise Ln, Ely, MN 55731

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Home Value

Trulia Estimate
$383K
Since last month
Decreased$5K (-1.3%)
Since last year
Increased$22K (+6.1%)
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 decreased by -17% in the last 10 years
MonthEstimated value
2026
August 2026$382K
August 2026$382K
July 2026$387K
June 2026$388K
May 2026$392K
April 2026$381K
March 2026$409K
February 2026$371K
January 2026$367K
2025
2024

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
5.96
Single-Family Home
$129,000
11/13/25
1
-
280
3784 Fenske Lake Rd Unit 5, Ely, MN
7.78
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
5049 Big Lake Rd, Ely, MN 55731
0.07
$62,500
-
-
-
For Sale
5039 Big Lake Rd, Ely, MN 55731
0.12
$79,900
-
-
-
For Sale
TBD Big Lake Rd, Ely, MN 55731
0.16
-
-
-
-
Off Market
3012 Echo Tr Unit 2, Ely, MN 55731
0.21
-
-
-
-
Off Market
3012 Echo Tr Unit 16, Ely, MN 55731
0.23
-
-
-
-
Off Market
4995 Big Lake Rd Unit 21, Ely, MN 55731
0.29
$102,000
2
1
382
Off Market
3012 Echo Tr, Ely, MN 55731
0.29
$112,600
1
1
282
Off Market
4994 Big Lake Rd, Ely, MN 55731
0.30
$200,000
2
1
400
For Sale
4996 Big Lake Rd, Ely, MN 55731
0.30
$222,500
2
1
400
For Sale
4990 Big Lake Rd, Ely, MN 55731
0.34
$231,600
3
1.5
632
Off Market

Local Information

  • Map ViewExplore the area around 5004 Paradise Ln.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2005
Lot Size
3.1 acres
Living Area
1,700 sqft
Price/Sqft
$225

About this House

Reduced from $800K! Log home (10" red pine logs). Large windows with views of forest, rock garden or lake. French doors opening on the screened porch from the great room and the bedroom. Large loft with small porch and plenty of sleeping space. Full walkout basement. Circle drive. Complete with furniture - all 3 years old and gently used. Some log beds. Kitchen furnished with custom-made hickory cabinets and a large island. Main Bathroom has custom pine cabinets and a large walk-in shower. Bathroom w/shower, in the loft and full bath in the basement. Beautiful cabin-themed light fixtures and 5 fans. Circle drive. State-of-the-art water purification system. Solar power supports use of the internet, TV, cell phone and all appliances. Tile floors in kitchen and main bathroom, hardwood floor in living area, carpet in bedroom and large walk-in closet.

Neighborhood Description

Big Lake is a beautiful remote wooded area 20 miles north of Ely,MN out the Echo Trail. Excellent walleye lake.
The lake has only 2 resorts and 7 private cabins on 25 miles of shoreline. Our lake home shares a road with one of the resorts, and is the only drive-in home on this quiet lake. Miles of hiking trails and several access points to the Boundary Waters are nearby.

5004 Paradise Ln, Ely, MN 55731 is a 3 bedroom, 3 bathroom, 1,700 sqft single-family home built in 2005. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $382,900, with a rent estimate of $2,559/month.

Home Details for 5004 Paradise Ln

Interior Features

Interior Details
BasementNumber of Rooms: 9Types of Rooms: Walk In Closet, Dining Room, Family Room, Laundry Room, Master Bath, WorkshopCeiling Fan
Heating & Cooling
Heating: Stove, Propane ButaneHeating Fuel: Stove
Levels, Entrance, & Accessibility
Stories: 2Floors: Tile, Carpet, Hardwood
Appliances & Utilities
DishwasherDryerMicrowaveRefrigeratorWasher

Exterior Features

Exterior Home Features
Roof: Shake ShingleExterior: WoodGardenPatioPorch
Parking & Garage
Parking: Off Street

Property Information

Year Built
Year Built: 2005
Property Type / Style
Property Type: Single Family HomeArchitecture: Loft

Lot Information

Lot Area: 3.10 acres

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

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

LGBTQ Local Legal Protections

Frequently asked questions about 5004 Paradise Ln

  • What is 5004 Paradise Ln estimated to be worth?
    Trulia's estimated value for 5004 Paradise Ln in Ely, MN is $382,900.
  • 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 5004 Paradise Ln?
    The closest schools to 5004 Paradise Ln in Ely, MN are Northeast Range Secondary (Middle/High, rated 6/10), Tower-Soudan Elementary School (Pre-K, rated 5/10).
  • Does 5004 Paradise Ln have laundry facilities?
    Yes, 5004 Paradise Ln in Ely, MN has in-unit laundry.
  • How big is the lot at 5004 Paradise Ln?
    The lot at 5004 Paradise Ln in Ely, MN is about 3.1 acres.

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