8958 BEAR ISLAND CABIN RD, Ely, MN 55731
Property image
Property image
OFF MARKET

$348,500

Trulia Estimate
  • 1 Bed
  • 468 sqft (on 0.89 acres)

8958 BEAR ISLAND CABIN RD, Ely, MN 55731

Est. Refi. Payment $2,187/mo*
Refinance Your Home
Currently Off Market - Sold Aug 25, 2008 for $178,000

Home Value

Trulia Estimate
$349K
Since last month
Decreased$35K (-9.2%)
Since last year
Decreased$12K (-3.4%)
Since last sale
Increased$171K (+95.8%)
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 -3% in the last 10 years
MonthEstimated value
2026
August 2026$349K
August 2026$345K
July 2026$384K
June 2026$370K
May 2026$356K
April 2026$344K
March 2026$336K
February 2026$313K
January 2026$329K
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
1.15
Single-Family Home
$285,000
12/08/25
3
2
1,292
9362 Vandelay Dr, Ely, MN
3.35
Single-Family Home
$265,000
05/15/26
2
1
976
8644 Pulkinen Rd, Embarrass, MN
3.93
Single-Family Home
$209,000
05/29/26
2
-
576
20 Ivy Blvd, Babbitt, MN
4.25
Single-Family Home
$179,000
09/30/25
3
2
1,872
8431 Timber Bay Rd, Babbitt, MN
4.94
Single-Family Home
$192,500
07/01/26
1
1
1,008
8433 Timber Bay Rd, Babbitt, MN
4.95
Single-Family Home
$187,000
07/28/26
2
1
656
34 Elm Blvd, Babbitt, MN
4.37
Single-Family Home
$136,000
11/07/25
3
1.5
912
42 Locust Dr, Babbitt, MN
4.38
Single-Family Home
$210,000
02/27/26
3
2
2,019
50 Beech Crt, Babbitt, MN
4.64
Single-Family Home
$108,000
06/22/26
2
1.5
768

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 Dr, Babbitt, MN 55706
0.02
$280,200
1
-
468
Off Market
8953 BEAR ISLAND CABIN RD, Ely, MN 55731
0.06
$439,200
1
-
792
Off Market
9030 Bear Island Cabin Dr, Babbitt, MN 55706
0.40
$285,600
2
-
357
Off Market
2941 Makkyla Tr, Babbitt, MN 55706
0.58
$499,000
2
-
672
For Sale
8759 W Bear Island Lake, Ely, MN 55731
0.87
$287,300
2
1
978
Off Market
0 W Bear Island Lake Rd, Ely, MN 55731
0.90
-
-
-
-
Off Market
TBD Muckwa Lake Rd, Babbitt, MN 55706
0.94
$65,000
-
-
-
For Sale
8702 Sock Lake Road, Babbitt, MN 55706
1.15
$285,000
3
2
1,292
Recently Sold
3054 County Rd 904, Babbitt, MN 55706
1.50
$212,800
4
1
1,331
Off Market

Local Information

  • Map ViewExplore the area around 8958 BEAR ISLAND CABIN RD.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
0.89 acre lot
468 sqft
$745/sqft

About this House

WHAT A VIEW! BEAR ISLAND LAKE RUSTIC CABIN ON 100 FT. LOT. Power on site. Fix up or start from scratch. Easy road access to Babbitt and Ely.
8958 BEAR ISLAND CABIN RD, Ely, MN 55731 is a 1 bedroom, 468 sqft single-family home. It last sold for $178,000 on Aug 25, 2008 (1% below the $179,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $348,500, with a rent estimate of $1,083/month.
Last check for updates: about 4 hours ago
Listed by Gil Knight, (218) 349-0679
Border Lakes Realty
Bought with: Nonmember NONMEMBER, Nonmember Office
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#1300539

Home Details for 8958 BEAR ISLAND CABIN RD

Interior Features

Interior Details
Number of Rooms: 3Types of Rooms: Master Bedroom, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 1
Dimensions and Layout
Living Area: 468 Square Feet
Heating & Cooling
Heating: ElectricHas HeatingHeating Fuel: Electric
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
No CarportNo GarageNo Attached GarageParking: Common,None
Frontage
WaterfrontWaterfront: Inland LakeRoad Frontage: Private RoadOn Waterfront
Water & Sewer
Sewer: OuthouseWater Body: Bear Island
Farm & Range
Frontage Length: 100
Finished Area
Finished Area (above surface): 468 Square Feet

Days on Market

Cumulative Days on Market: 9

Property Information

Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Rustic
Building
Construction Materials: Asphalt, Frame/Wood
Property Information
Parcel Number: 625001500240

Price & Status

Price
List Price: $179,000
Status Change & Dates
Off Market Date: Thu Jul 31 2008

Active Status

MLS Status: SOLD

Location

Direction & Address
City: Ely

Lot Information

Lot Area: 0.89 acres

Miscellaneous

Mls Number: 1300539Water ViewWater View: Lake SuperiorAbove Grade Unfinished Area: 468

Price and Tax history

DateEventPrice
Aug 25, 2008
Source: Lake Superior Area Realtors as distributed by MLS GRID #1300539
Sold
$178,000

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 2026-09-04 15:37:33 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 8958 BEAR ISLAND CABIN RD

  • What is 8958 BEAR ISLAND CABIN RD estimated to be worth?
    Trulia's estimated value for 8958 BEAR ISLAND CABIN RD in Ely, MN is $348,500.
  • What is the price history for 8958 BEAR ISLAND CABIN RD?
    8958 BEAR ISLAND CABIN RD in Ely, MN last sold for $178,000 in August 2008.
  • 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 8958 BEAR ISLAND CABIN RD?
    The closest schools to 8958 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).
  • How big is the lot at 8958 BEAR ISLAND CABIN RD?
    The lot at 8958 BEAR ISLAND CABIN RD in Ely, MN is about 0.89 acres (38,768 sq ft).
  • Does 8958 BEAR ISLAND CABIN RD have parking?
    Yes, 8958 BEAR ISLAND CABIN RD in Ely, MN has on-site parking.

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