Large country home located approx. 6 miles east of Ely on the Fall Lake Road, and very near the Fall Lake public landing and campground, providing easy access to Fall Lake and the BWCAW! This property has approx. 3.2 acres, and directly adjoins thousands of acres of state and federal lands. The home has over 3000 square feet of living space and is one level over a full finished basement. There is also a second building (56'x16') that previously served as a store and bait shop serving the nearby landing and campground, and it also has a 2 bedroom, 1 bath apartment on the second floor that is currently rented. Back to the house: the main floor has a huge living room, large kitchen/dining room combo, 2 nice bedrooms, and a full bath. The lower level has a large rec room with a 2nd kitchen, a 3/4 bath, 2 nice bonus rooms, and a large storage room. Walkout door to the backyard. There are 2 covered porches on the home: 1 facing the front and the other facing the gorgeous peaceful woods! Also, a carport that attaches the house to the 4 car capacity garage. Brand new 4 bedroom septic system in 2024. This is a great property with lots of exciting options for the future.
For sale
Price cut: $20K (10/24)
$359,000
14108 Fall Lake Rd, Ely, MN 55731
2beds
3,274sqft
Est.:
Single Family Residence
Built in ----
3.2 Acres Lot
$348,900 Zestimate®
$110/sqft
$-- HOA
What's special
Gorgeous peaceful woodsFull finished basementLarge storage roomLarge rec room
- 71 days |
- 553 |
- 20 |
Zillow last checked: 8 hours ago
Listing updated: October 24, 2025 at 08:10am
Listed by:
Jeff Hway 218-349-0906,
Bear Island Realty LLC,
Zachary Hway 651-341-0383,
Bear Island Realty LLC
Source: Lake Superior Area Realtors,MLS#: 6122166
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Main
- Area: 170 Square Feet
- Dimensions: 10 x 17
Bedroom
- Level: Main
- Area: 112.5 Square Feet
- Dimensions: 9 x 12.5
Bonus room
- Level: Lower
- Area: 115.5 Square Feet
- Dimensions: 10.5 x 11
Bonus room
- Description: A second bonus room for a variety of uses
- Level: Lower
- Area: 115.5 Square Feet
- Dimensions: 10.5 x 11
Kitchen
- Description: Combined with the dining room
- Level: Main
- Area: 315 Square Feet
- Dimensions: 14 x 22.5
Living room
- Level: Main
- Area: 575 Square Feet
- Dimensions: 23 x 25
Rec room
- Description: Also has a second kitchen. Walkout to back yard. Has a wood burning furnace and propane heater.
- Level: Lower
- Area: 473 Square Feet
- Dimensions: 21.5 x 22
Storage
- Description: Would be a great work room!
- Level: Lower
- Area: 202.5 Square Feet
- Dimensions: 9 x 22.5
Heating
- Baseboard, Fireplace(s), Propane, Electric
Features
- Basement: Full,Finished,Walkout,Bath,Family/Rec Room,Kitchen,Utility Room
- Number of fireplaces: 1
- Fireplace features: Gas
Interior area
- Total interior livable area: 3,274 sqft
- Finished area above ground: 1,637
- Finished area below ground: 1,637
Property
Parking
- Total spaces: 4
- Parking features: Attached, Electrical Service, Slab
- Attached garage spaces: 4
Lot
- Size: 3.2 Acres
- Dimensions: 610' x 300' (irregular)
Details
- Foundation area: 2037
- Parcel number: 28631115325, 28631115330, and 28631115317
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood, Frame/Wood
- Foundation: Concrete Perimeter
Condition
- Previously Owned
Utilities & green energy
- Electric: Lake Country Power
- Sewer: Private Sewer, Mound Septic
- Water: Drilled
Community & HOA
HOA
- Has HOA: No
Location
- Region: Ely
Financial & listing details
- Price per square foot: $110/sqft
- Tax assessed value: $267,100
- Annual tax amount: $2,936
- Date on market: 9/30/2025
- Cumulative days on market: 73 days
Estimated market value
$348,900
$331,000 - $366,000
$2,414/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/24/2025 | Price change | $359,000-5.3%$110/sqft |
Source:  Lake Superior Area Realtors #6122166 Report a problem | ||
| 9/30/2025 | Listed for sale | $379,000$116/sqft |
Source: Lake Superior Area Realtors #6122166 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,673 -3.8% | $267,100 +3.2% |
| 2024 | $1,739 +9.6% | $258,700 -5.1% |
| 2023 | $1,587 +9.6% | $272,600 +69% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,114/mo
Principal & interest
$1764
Property taxes
$224
Home insurance
$126
Climate risks
Neighborhood: 55731
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
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