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  • $418,000

    2734 Bear Island River Rd, Ely, MN 55731

    2beds
    1,172sqft
    Single Family
    Built in 1972
    0.97 Acres Lot
    $418,100 Zestimate®
    $357/sqft
    $1,636 Estimated rent

    Home value

    $418,100

    $397,000 - $439,000

    $1,636/mo

    Zestimate® history
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    What's special

    Stop the scroll—this is the lake place you’ve been waiting for! With 266 feet of prime shoreline, this one-level 2+ bedroom, 2 bath cabin is perched perfectly for sweeping island views, southwest exposure, and jaw-dropping sunsets over Bear Island Lake. Inside, enjoy a bright, eat-in kitchen where you can watch the lake sparkle while you dine, plus comfortable bedrooms and two baths with plenty of room for everyone. The living is easy with everything on one level. Outside, you’ll find a 22x26 detached garage, shed for gear, and outdoor spaces that make lake living a dream. Imagine evenings on the shore, campfires with friends, and mornings where the only sound is the call of a loon. Lovingly held as a long-time family cabin, this retreat is now ready for new memories. Whether you’re looking for weekends of relaxation or a forever place by the water, this property delivers all the Up North vibes. Don’t miss this rare opportunity to claim your spot on Bear Island Lake!

    Zillow last checked:

    Listing updated:

    Listed by:

    Andrea Zupancich 218-749-0159,

    Z'Up North Realty, Inc.

    Bought with:

    JULIA MAKI

    BIC Realty

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7046331MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/4 bathrooms: 1
    Bedroom
    • Level: Main
    • Area: 96 Square Feet
    • Dimensions: 12 x 8
    Bedroom 2
    • Level: Main
    • Area: 210 Square Feet
    • Dimensions: 15 x 14
    Den
    • Level: Main
    • Area: 64 Square Feet
    • Dimensions: 8 x 8
    Kitchen
    • Level: Main
    • Area: 144 Square Feet
    • Dimensions: 12 x 12
    Living room
    • Level: Main
    • Area: 336 Square Feet
    • Dimensions: 12 x 28
    Heating
    • Baseboard
    Cooling
    • None
    Appliances
    • Included: Range, Refrigerator
    Features
    • Basement: None
    • Number of fireplaces: 1
    • Fireplace features: Gas
    Interior area
    • Total structure area: 1,172
    • Total interior livable area: 1,172 sqft
    • Finished area above ground: 1,172
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached Garage
    • Garage spaces: 2
    • Details: Garage Dimensions (26 x 22)
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Deck
    • On waterfront: Yes
    • Waterfront features: Lake Front
    • Frontage length: Water Frontage: 266
    Lot
    • Size: 0.97 Acres
    • Dimensions: 315.00 x 242.00
    Details
    • Additional structures: Storage Shed
    • Foundation area: 1172
    • Parcel number: 625002600650
    • Zoning description: Residential-Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family
    Materials
    • Frame
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1972

    Utilities & green energy

    • Electric: 100 Amp Service
    • Gas: Propane
    • Sewer: Private Sewer
    • Water: Drilled

    Community & HOA

    Community
    • Subdivision: Lahti Land First Add To
    HOA
    • Has HOA: No
    Location
    • Region: Ely

    Financial & listing details

    • Price per square foot: $357/sqft
    • Tax assessed value: $456,600
    • Annual tax amount: $4,765
    • Date on market: 3/31/2026
    • Cumulative days on market: 247 days

    Price history

    DateEventPrice
    10/1/2026Sold$418,000-12%$357/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7046331 Report a problem
    9/13/2026Pending sale$475,000$405/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6124119 Report a problem
    7/30/2026Price change$475,000-20.7%$405/sqft
    Source: Range AOR #149639 Report a problem
    3/20/2026Listed for sale$599,000-13.8%$511/sqft
    Source: Range AOR #149639 Report a problem
    12/26/2025Listing removed$695,000$593/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6122301 Report a problem
    10/6/2025Listed for sale$695,000+1058.3%$593/sqft
    Source: Range AOR #149125 Report a problem
    6/25/2020Sold$60,000$51/sqft
    Source: Public Record Report a problem
    9/14/2015Sold$60,000$51/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,924 +24.7%$456,600
    2024$4,750 +2.6%$456,600 +24.7%
    2023$4,630 -3.9%$366,300 +12.1%
    2022$4,820 +37.8%$326,800 +6.1%
    2021$3,498 $308,000 +11.6%
    2020$3,498 $275,900
    2019$3,498 -6%$275,900 -7.1%
    2018$3,722 -0.1%$297,100
    2017$3,724 +0.1%$297,100 -4.8%
    2016$3,722 -5.1%$312,200 +4.8%
    2015$3,924 +14.9%$297,800
    2014$3,414 +2%$297,800 -3%
    2013$3,348 -9.9%$306,900 -15.6%
    2012$3,715 +20%$363,600 -1.1%
    2011$3,095 +0.7%$367,700
    2010$3,073 $367,700
    2009$3,073 +54%$367,700 +51.3%
    2008$1,995 +7.6%$243,000 +15%
    2007$1,854 +47.8%$211,300 +15%
    2006$1,254 +25%$183,700 +47.6%
    2004$1,004 +47.9%$124,500 +28.9%
    2003$679 +61.8%$96,600 +14.3%
    2002$419 -33.5%$84,500 +9.2%
    2001$630 +20.6%$77,400 +8.6%
    2000$523 $71,300
    Find assessor info on the county website

    Neighborhood: 55731

    Nearby schools

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