XXX Olson Bay Tr, Ely, MN 55731
Property image
Property image
SOLD
NOV 5, 2026

$275,000

Last sold price

    XXX Olson Bay Tr, Ely, MN 55731

    Est. Refi. Payment $1,778/mo*
    Refinance Your Home
    Currently Off Market - Sold Nov 5, 2026 for $275,000 (8% below list price)

    Home Value

    Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

    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
    XXX Highway 169, Ely, MN
    1.57
    Lot/Land
    $75,000
    01/09/26
    -
    -
    TBD Lindbeck Rd, Ely, MN
    2.40
    Lot/Land
    $105,000
    06/15/26
    -
    -
    TBD Moose Creek Tr, Ely, MN
    2.60
    Lot/Land
    $100,000
    04/01/26
    -
    -
    1648 Golden Ridge Tr, Ely, MN
    3.11
    Lot/Land
    $149,000
    10/13/26
    -
    -
    1317 N Pioneer Rd, Ely, MN
    3.44
    Lot/Land
    $270,000
    06/05/26
    -
    -
    527 E Camp St, Ely, MN
    3.11
    Lot/Land
    $20,000
    10/01/26
    -
    -

    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
    2721 Olson Bay Trl, Ely, MN 55731
    0.15
    $736,700
    3
    2
    1,562
    Off Market
    2727 Olson Bay Trl, Ely, MN 55731
    0.18
    $139,100
    Studio
    -
    -
    Off Market
    2279 Grant McMahan Blvd, Ely, MN 55731
    0.33
    -
    3
    2
    294
    Off Market
    2279 Grant McMahan Blvd, Ely, MN 55731
    0.33
    -
    -
    -
    -
    Off Market
    2279 Grant McMahan Blvd, Ely, MN 55731
    0.33
    $212,000
    Studio
    -
    732
    Off Market
    2255 Grant McMahan Blvd, Ely, MN 55731
    0.34
    -
    3
    2
    1,144
    Off Market
    2245 Grant McMahan Blvd, Ely, MN 55731
    0.35
    $355,600
    2
    2
    1,232
    Off Market
    2345 Grant McMahan Blvd, Ely, MN 55731
    0.35
    $196,400
    Studio
    -
    -
    Off Market
    2345 Grant McMahan Blvd, Ely, MN 55731
    0.35
    $316,400
    3
    2
    924
    Off Market
    2241 Grant McMahan Blvd, Ely, MN 55731
    0.37
    $455,700
    2
    2
    2,156
    Off Market
    2237 Grant McMahan Blvd, Ely, MN 55731
    0.38
    $393,900
    -
    -
    2,688
    Off Market
    2231 Grant McMahan Blvd, Ely, MN 55731
    0.40
    $319,900
    3
    1
    864
    Off Market
    xxx Grant McMahan Blvd, Ely, MN 55731
    0.44
    -
    -
    -
    -
    Off Market
    Grant McMahan Blvd, Ely, MN 55731
    0.46
    -
    -
    -
    -
    Off Market
    Olson Bay Rd S, Ely, MN 55731
    0.48
    -
    -
    -
    -
    Off Market
    2381 Grant McMahan Blvd, Ely, MN 55731
    0.49
    $255,100
    2
    1
    576
    Off Market
    2920 Burntside Ridge Rd, Ely, MN 55731
    0.50
    $301,900
    3
    1
    1,092
    Off Market
    2382 Grant McMahan Blvd, Ely, MN 55731
    0.60
    $425,200
    3
    2
    1,236
    Off Market
    3132 BURNTSIDE RIDGE RD, Ely, MN 55731
    0.61
    $734,000
    2
    -
    572
    Off Market
    Burntside Ridge Rd, Ely, MN 55731
    0.61
    -
    -
    -
    -
    Off Market

    Local Information

    • Map ViewExplore the area around XXX Olson Bay Tr.
    • Schools1 Preschool School1 Elementary School1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    Home Highlights

    Lot/Land
    4.87 acre lot

    About this House

    What's unique:Fantastic lake viewsPrivate lake lotGently sloped shorelinePeaceful natural settingExcellent privacy
    Beautiful Shagawa Lake parcel located on the desirable west end in Olson Bay. This private lake lot offers approximately 4.87 acres with 265 feet of shoreline, fantastic lake views, and a peaceful natural setting. The driveway is already in place and leads to a cleared building site and parking area, making it easy to envision your future Northwoods retreat. Two trails provide access down to the lake, while the gently sloped shoreline, excellent privacy, and beautiful setting on one of Ely’s most sought-after lakes create a rare opportunity to build your ideal lake getaway.
    XXX Olson Bay Tr, Ely, MN 55731 is a lot/land. It last sold for $275,000 on Nov 5, 2026 (8% below the $299,500 asking price). This property is not currently displayed as for sale or rent on Trulia.
    Last check for updates: about 1 hour ago
    Listed by Kate Davies, (218) 343-9173
    Bear Island Realty LLC
    Anna Yahnke, (218) 235-3547
    Bear Island Realty LLC
    Bought with: Nonmember NONMEMBER, Nonmember Office
    Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6124409

    Home Details for XXX Olson Bay Tr

    Interior Features

    Appliances & Utilities
    Utilities: Electricity Available
    Gas & Electric
    Electric: Lake Country Power
    View
    Has a ViewView: Inland Lake, Panoramic

    Exterior Features

    Exterior Home Features
    Other Structures: Other
    Parking & Garage
    Parking: Gravel
    Frontage
    WaterfrontWaterfront: Inland Lake, Waterfront Access(Private)Road Frontage: Private RoadResponsible for Road Maintenance: Private Maintained RoadOn Waterfront
    Water & Sewer
    Water Body: Shagawa
    Farm & Range
    Frontage Length: 265

    Days on Market

    Cumulative Days on Market: 185

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Property Information
    Parcel Number: 465002002714

    Price & Status

    Price
    List Price: $299,500
    Status Change & Dates
    Off Market Date: Fri Oct 09 2026Possession Timing: Immediate

    Active Status

    MLS Status: SOLD

    Location

    Direction & Address
    City: Ely
    School Information
    High School District: Ely #696

    HOA

    No HOA

    Lot Information

    Lot Area: 4.87 Acres

    Offer

    Listing Terms: Cash, Conventional

    Miscellaneous

    Mls Number: 6124409Water ViewWater View: LakeAttribution Contact: ***

    Price and Tax history

    DateEventPrice
    Nov 5, 2026
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6124409
    		Sold
    $275,000
    Oct 21, 2026
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6124409
    		Pending
    $299,500
    May 14, 2026
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6124409
    		PriceChange
    $299,500
    Price decreased by 8%
    Apr 9, 2026
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6124409
    		Listed For Sale
    $325,000
    Jan 1, 2026
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6121227
    		ListingRemoved
    $325,000

    Market trends in Ely

    Last updated September 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    —
    Sale-to-List Price
    —
    Price per sq ft
    —
    Available listings
    100
    3    MoM
    Sourced by Trulia Market Trends

    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
      Flag
    • 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

    Based on information submitted to the MLS GRID as of 2026-11-05 10:22:38 PST. 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 XXX Olson Bay Tr

    • What is the price history for XXX Olson Bay Tr?
      XXX Olson Bay Tr in Ely, MN last sold for $275,000 in November 2026.
    • 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 XXX Olson Bay Tr?
      The closest schools to XXX Olson Bay Tr in Ely, MN are Memorial Middle School (rated 7/10), Memorial Secondary (High, rated 9/10), Washington Elementary School (Pre-K, rated 6/10).

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