8953 BEAR ISLAND CABIN RD, Ely, MN 55731
Property image
Property image
OFF MARKET

$439,200

Trulia Estimate
  • 1 Bed
  • 792 sqft

8953 BEAR ISLAND CABIN RD, Ely, MN 55731

Est. Refi. Payment $2,737/mo*
Refinance Your Home
Currently Off Market - Sold Jul 31, 2009 for $230,000

Home Value

Trulia Estimate
$439K
Since last month
Decreased$53K (-10.7%)
Since last year
Decreased$24K (-5.2%)
Since last sale
Increased$209K (+91%)
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 -5% in the last 10 years
MonthEstimated value
2026
August 2026$439K
August 2026$435K
July 2026$492K
June 2026$466K
May 2026$447K
April 2026$430K
March 2026$440K
February 2026$402K
January 2026$421K
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
8702 Sock Lake Road, Babbitt, MN
1.09
Single-Family Home
$285,000
12/08/25
3
2
1,292
9362 Vandelay Dr, Ely, MN
3.37
Single-Family Home
$265,000
05/15/26
2
1
976
8644 Pulkinen Rd, Embarrass, MN
3.92
Single-Family Home
$209,000
05/29/26
2
-
576
34 Elm Blvd, Babbitt, MN
4.31
Single-Family Home
$136,000
11/07/25
3
1.5
912
20 Ivy Blvd, Babbitt, MN
4.19
Single-Family Home
$179,000
09/30/25
3
2
1,872
42 Locust Dr, Babbitt, MN
4.32
Single-Family Home
$210,000
02/27/26
3
2
2,019
50 Beech Crt, Babbitt, MN
4.58
Single-Family Home
$108,000
06/22/26
2
1.5
768
8431 Timber Bay Rd, Babbitt, MN
4.89
Single-Family Home
$192,500
07/01/26
1
1
1,008

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
8958 BEAR ISLAND CABIN RD, Ely, MN 55731
0.06
$348,500
1
-
468
Off Market
8958 Bear Island Cabin Dr, Babbitt, MN 55706
0.08
$280,200
1
-
468
Off Market
9030 Bear Island Cabin Dr, Babbitt, MN 55706
0.46
$285,600
2
-
357
Off Market
2941 Makkyla Tr, Babbitt, MN 55706
0.53
$499,000
2
-
672
For Sale
8759 W Bear Island Lake, Ely, MN 55731
0.82
$287,300
2
1
978
Off Market
0 W Bear Island Lake Rd, Ely, MN 55731
0.86
-
-
-
-
Off Market
TBD Muckwa Lake Rd, Babbitt, MN 55706
0.99
$65,000
-
-
-
For Sale
8702 Sock Lake Road, Babbitt, MN 55706
1.09
$285,000
3
2
1,292
Recently Sold
3054 County Rd 904, Babbitt, MN 55706
1.44
$212,800
4
1
1,331
Off Market

Local Information

  • Map ViewExplore the area around 8953 BEAR ISLAND CABIN RD.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
792 sqft
$555/sqft
Garage

About this House

Modest one bedroom lake cabin on the south shore of beautiful Bear Island Lake. Includes boat house with rail system for easy lake access and a 3 year old detached garage. A public boat landing and swimming area are located within easy walking distance of the cabin. This is a great opportunity to enjoy a lake retreat at an affordable price!
8953 BEAR ISLAND CABIN RD, Ely, MN 55731 is a 1 bedroom, 792 sqft single-family home. It last sold for $230,000 on Jul 31, 2009 (8% below the $250,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $439,200, with a rent estimate of $1,198/month.
Last check for updates: about 20 hours ago
Listed by Gil Knight, (218) 349-0679
Wildwoods Land Company
Bought with: Gil Knight, (218) 349-0679, Wildwoods Land Company
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#1404582

Home Details for 8953 BEAR ISLAND CABIN RD

Interior Features

Beds & Baths
Number of Bedrooms: 1
Dimensions and Layout
Living Area: 792 Square Feet
Heating & Cooling
Heating: WoodHas HeatingHeating Fuel: Wood
Windows, Doors, Floors & Walls
Window: Wood Frames
Levels, Entrance, & Accessibility
Number of Stories: 1
View
Has a ViewView: Lake Superior

Exterior Features

Exterior Home Features
Roof: Asphalt ShingleOther Structures: Storage ShedExterior: Dock
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1No CarportHas a GarageNo Attached GarageHas Open ParkingParking Spaces: 1Parking: Off Street,Detached
Frontage
WaterfrontWaterfront: Inland LakeRoad Frontage: County RoadResponsible for Road Maintenance: Public Maintained RoadOn Waterfront
Water & Sewer
Sewer: OuthouseWater Body: Bear Island
Farm & Range
Frontage Length: 100
Finished Area
Finished Area (above surface): 792 Square Feet

Days on Market

Cumulative Days on Market: 61

Property Information

Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Rustic
Building
Construction Materials: Wood, Frame/Wood
Property Information
Parcel Number: 625001500120

Price & Status

Price
List Price: $250,000
Status Change & Dates
Off Market Date: Sun Jun 28 2009

Active Status

MLS Status: SOLD

Location

Direction & Address
City: Ely

Offer

Listing Terms: Cash

Miscellaneous

Mls Number: 1404582Water ViewWater View: Lake SuperiorAbove Grade Unfinished Area: 792

Price and Tax history

DateEventPrice
Jul 31, 2009
Source: Lake Superior Area Realtors as distributed by MLS GRID #1404582
Sold
$230,000

Market trends in Babbitt

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
19
1MoM

Around this home

What Locals Say about Babbitt

At least 4 Trulia users voted on each feature.

  • 100 % Say parking is easy

  • 100 % Say yards are well-kept

  • 86 % Say car is needed

  • 86 % Say it's dog friendly

  • 86 % Say it's walkable to grocery stores

  • 83 % Say there's wildlife

  • 80 % Say people would walk alone at night

  • 75 % Say there are sidewalks

  • 67 % Say streets are well-lit

  • 63 % Say there's holiday spirit

  • 56 % Say neighbors are friendly

  • 50 % Say it's walkable to restaurants

  • 50 % Say it's quiet

  • 50 % Say they plan to stay for at least 5 years

  • 29 % Say kids play outside

  • 25 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-06 16:57:27 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 8953 BEAR ISLAND CABIN RD

  • What is 8953 BEAR ISLAND CABIN RD estimated to be worth?
    Trulia's estimated value for 8953 BEAR ISLAND CABIN RD in Ely, MN is $439,200.
  • What is the price history for 8953 BEAR ISLAND CABIN RD?
    8953 BEAR ISLAND CABIN RD in Ely, MN last sold for $230,000 in July 2009.
  • Is Ely a buyer's or seller's market?
    Ely is currently a balanced market, based on recent for-sale activity.
  • What are the closest schools to 8953 BEAR ISLAND CABIN RD?
    The closest schools to 8953 BEAR ISLAND CABIN RD in Ely, MN are Memorial Middle School (rated 7/10), Memorial Secondary (High, rated 9/10), Washington Elementary School (Pre-K, rated 6/10).
  • Does 8953 BEAR ISLAND CABIN RD have a garage?
    Yes, 8953 BEAR ISLAND CABIN RD in Ely, MN has a garage.

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