Located on the shores of White Iron Lake in Ely, MN, this stunning property features +/-3 acres of gently sloping land with beautifully manicured trees to the +/-340’ of level shoreline providing a blueberry haven on a ledgerock point with phenomenal westerly views and great swimming. An established driveway is in place offering options for the perfect build site. This property comes with a shared boat launch just down the road.
Sold for $315,000
$315,000
3216 Shady Rest, Ely, MN 55731-1635
--beds
--baths
3Acres
Unimproved Land
Built in ----
3 Acres Lot
$-- Zestimate®
$--/sqft
$1,696 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,696/mo
Zestimate® history
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List your homeWhat's special
Level shorelineBeautifully manicured treesEstablished driveway
Zillow last checked:
Listing updated:
Listed by:
Anna Yahnke 218-235-3547,
Bear Island Realty LLC,
Kate Davies 218-343-9173,
Bear Island Realty LLC
Bought with:
Chris Eilrich, MN 40199284
Wildwoods Land Company
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6121867
Facts & features
Property
Parking
- Parking features: Gravel
Features
- Has view: Yes
- View description: Inland Lake, Panoramic
- Has water view: Yes
- Water view: Lake
- Waterfront features: Inland Lake, Waterfront Access(Private)
- Body of water: White Iron
- Frontage length: 315
Lot
- Size: 3 Acres
- Dimensions: 265' x 475'
- Features: Many Trees, Level
- Residential vegetation: Heavily Wooded
Details
- Parcel number: 28622501070
Utilities & green energy
- Electric: Minnesota Power
- Utilities for property: Satellite, Electricity Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Ely
Financial & listing details
- Tax assessed value: $236,700
- Annual tax amount: $1,570
- Date on market: 9/11/2025
- Cumulative days on market: 10 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 10/23/2025 | Sold | $315,000-3.1% |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6121867 Report a problem | ||
| 9/23/2025 | Pending sale | $325,000 |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6121867 Report a problem | ||
| 9/11/2025 | Listed for sale | $325,000+97% |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6121867 Report a problem | ||
| 4/24/2019 | Sold | $165,000-8.3% |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6080391 Report a problem | ||
| 4/3/2019 | Pending sale | $179,900 |
Source: Bear Island Land Co., Inc #6080391 Report a problem | ||
| 1/21/2019 | Price change | $179,900-7.7% |
Source: Bear Island Land Co., Inc #6080391 Report a problem | ||
| 4/30/2018 | Listed for sale | $195,000 |
Source: Bear Island Land Co., Inc #6074540 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,570 +17.5% | $236,700 +1.7% |
| 2024 | $1,336 -8.7% | $232,800 +15.6% |
| 2023 | $1,464 -15.3% | $201,400 +6.4% |
| 2022 | $1,729 -1.7% | $189,300 |
| 2021 | $1,759 -28% | $189,300 |
| 2020 | $2,442 -20.8% | $189,300 -33.5% |
| 2018 | $3,084 +7.8% | $284,800 -5.3% |
| 2017 | $2,862 +0.3% | $300,600 +5.5% |
| 2016 | $2,852 +0% | $284,800 |
| 2015 | $2,851 | $284,800 |
| 2014 | $2,851 -1.2% | -- |
| 2013 | $2,885 +6.6% | -- |
| 2012 | $2,706 | -- |
| 2011 | -- | -- |
| 2010 | $2,623 | -- |
Find assessor info on the county website
Neighborhood: 55731
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Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
- Minnesota
- Lake County
- Ely
- 55731
- 3216 Shady Rest
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