740 Halfway Rd, Ely, MN 55731
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Property image
OFF MARKET

740 Halfway Rd
Ely, MN 55731

    (on 6 acres)

    Local Information

    • Map ViewExplore the area around 740 Halfway Rd.
    • Schools1 Preschool School1 Elementary School1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    Home Highlights

    Property Type
    Lot/Land
    Lot Size
    6 acres
    HOA
    $29/Monthly

    About this House

    Enjoy spectacular west facing views of a quiet bay on Birch Lake from the elevated build site of this spacious wooded property! Nature lover enthusiasts will appreciate the privacy of this 6 acre lot with 1,300 feet of lakeshore and public land to the north. Building your dream cabin or year round home will be fast tracked with the onsite improvements including driveway, build site, 3 bedroom compliant septic system, electricity, path to the lake and a permanent dock. Birch Lake is over 20 miles long and known as a top walleye fishing lake in the area. PRIVATE ROAD. NO DRIVE-BYS.
    740 Halfway Rd, Ely, MN 55731 is a lot/land. It last sold for $300,000 on Jul 11, 2025 (8% below the $325,000 asking price). It is currently off market.

    Home Details for 740 Halfway Rd

    Interior Features

    Appliances & Utilities
    Utilities: Cable, Satellite, Electricity Available, Natural Gas Available, Private Septic Available, Private Well Available
    Gas & Electric
    Electric: Lake Country PowerHas Electric on Property
    View
    Has a ViewView: Inland Lake

    Exterior Features

    Exterior Home Features
    Vegetation: Heavily Wooded
    Parking & Garage
    Parking: Gravel
    Frontage
    WaterfrontWaterfront: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Shore-Accessible, Elevation-Low, Elevation-High)Road Frontage: Private RoadResponsible for Road Maintenance: Association Maintained Road, Year RoundRoad Surface Type: UnimprovedOn Waterfront
    Water & Sewer
    Water Body: Birch
    Farm & Range
    Frontage Length: 1300

    Days on Market

    Cumulative Days on Market: 41

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Property Information
    Condition: Raw LandParcel Number: 28621127380

    Price & Status

    Price
    List Price: $325,000
    Status Change & Dates
    Off Market Date: Thu Jun 19 2025Possession Timing: Immediate

    Active Status

    MLS Status: SOLD

    Location

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

    HOA

    HOA Fee Includes: OtherHas an HOAHOA Fee: $350/Annually

    Lot Information

    Lot Area: 6 Acres

    Offer

    Listing Terms: Cash, Conventional

    Miscellaneous

    Mls Number: 6119189Water ViewWater View: LakeAttribution Contact: ***
    Last check for updates: about 3 hours ago
    Listed by Connie Coughlin, (218) 235-8289
    Bear Island Realty LLC
    Bought with: Jeff Hway, (218) 349-0906, Bear Island Realty LLC
    Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6119189

    Price History for 740 Halfway Rd

    DatePriceEventSource
    07/11/2025$300,000Sold
    Lake Superior Area Realtors as distributed by MLS GRID #6119189
    07/06/2025$325,000PendingLake Superior Area Realtors as distributed by MLS GRID #6119189
    06/20/2025$325,000ContingentLake Superior Area Realtors as distributed by MLS GRID #6119189
    05/09/2025$325,000Listed For SaleLake Superior Area Realtors as distributed by MLS GRID #6119189

    Market trends in Ely

    Last updated June 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    —
    Sale-to-List Price
    —
    Price per sq ft
    —
    Available listings
    96
    16    MoM
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    Comparable Sales for 740 Halfway Rd

    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    3216 Shady Rest, Ely, MN
    4.25
    Lot/Land
    $315,000
    10/23/25
    -
    -
    Unit 5 Fernberg Rd, Ely, MN
    7.00
    Lot/Land
    $246,000
    08/15/25
    -
    -
    TBD Lot 5 Truman LN, Ely, MN
    7.05
    Lot/Land
    $52,900
    12/05/25
    -
    -

    Nearby homes

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    Assigned Schools

    These are the assigned schools for 740 Halfway Rd.
    View nearby schools on GreatSchools
    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    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 . "
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    • 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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    • 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."
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    • 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."
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    • 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."
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    Apartments for Rent

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    Homes for sale near 740 Halfway Rd

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    Off Market Homes Near 740 Halfway Rd

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    Frequently asked questions about 740 Halfway Rd

    • What is the price history for 740 Halfway Rd?
      740 Halfway Rd in Ely, MN last sold for $300,000 in July 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 740 Halfway Rd?
      The closest schools to 740 Halfway Rd in Ely, MN are Minnehaha Elementary School (Pre-K, rated 6/10), Two Harbors Secondary (Middle/High, rated 7/10).
    Based on information submitted to the MLS GRID as of 2026-08-10 00:47:22 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