Waters Is, Ely, MN 55731
OFF MARKET

Waters Is
Ely, MN 55731

  • 3 Beds
  • 1,232 sqft (on 5.42 acres)
3 Beds
1,232 sqft
(on 5.42 acres)

Local Information

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

Description

This lot/land is located at Waters Is, Ely, MN. Waters Is is in Ely, MN and in ZIP code 55731. This property has 3 bedrooms and approximately 1,232 sqft of floor space. This property has a lot size of 5.42 acres and was built in 1978.
Waters Is, Ely, MN 55731 is a 3 bedroom, 1,232 sqft lot/land built in 1978. It is currently off market. The Trulia Estimate rent is $1,425/month.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for Waters Is

Interior Features

Heating & Cooling
Heating: RadiantHeating Fuel: Radiant

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Wood

Property Information

Year Built
Year Built: 1978
Property Type / Style
Property Type: Lot Land

Lot Information

Lot Area: 5.42 acres

Price History for Waters Is

DatePriceEventSource
12/08/2021ListingRemovedNorthstarMLS as distributed by MLS GRID #6095578
09/04/2021$325,000Listed For SaleNorthstarMLS as distributed by MLS GRID #6095578
01/01/2015$750,000ListingRemovedAgent Provided
07/03/2014$750,000Listed For SaleAgent Provided

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
16MoM
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Comparable Sales for Waters Is

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
TBD Burntside Lake Island, Ely, MN
1.41
Lot/Land
$175,000
06/18/26
-
-
XXX Burntside Lake Island, Ely, MN
3.10
Lot/Land
$250,000
10/09/25
-
-
XXX Burntside Lake Island, Ely, MN
3.10
Lot/Land
$275,000
10/09/25
-
-
TBD Highway 169, Ely, MN
3.20
Lot/Land
$34,000
12/15/25
-
-
2365 Aisle Of Pines Rd, Ely, MN
4.12
Lot/Land
$75,000
01/21/26
-
1,319
Xxx Grant McMahan Blvd, Ely, MN
3.49
Lot/Land
$375,000
08/29/25
-
-
XXX Highway 169, Ely, MN
4.13
Lot/Land
$75,000
01/09/26
-
-
TBD Moose Junction Tr, Ely, MN
4.60
Lot/Land
$51,000
12/15/25
-
-
TBD Moose Creek Tr, Ely, MN
5.76
Lot/Land
$100,000
04/01/26
-
-
3732 Hwy 169, Ely, MN
6.47
Lot/Land
$290,000
12/05/25
-
-

Nearby homes

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Assigned Schools

These are the assigned schools for Waters Is.
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 . "
    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
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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."
    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
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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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Homes for sale near Waters Is

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Off Market Homes Near Waters Is

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