For sale

Price increase: $3.5K (5/7)

$222,500

4996 Big Lake Rd, Ely, MN 55731-4994

2beds

400sqft

$1,771/mo

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Single Family Residence

Built in 1950

7,840 Square Feet Lot

$-- Zestimate^®

$556/sqft

$250/mo HOA

What's special

Deck overlooking the lake

Big Lake Common Interest Community, investment property. This 2 bedroom, 1 bath cabin features an open living, kitchen and dining area with 2 adjacent bedrooms and a ¾ bath. Deck overlooking the lake. Big Lake is a recreational development lake, 1900 acres with a maximum depth of 22 ft. Excellent fishing. For your private use and enjoyment and also requires rentals. Owner can use for 2 specific dates of their choice. Rentals managed by an on-site well established management company. General maintenance taken care of as part of the income split. Includes a newer pontoon boat for you and renters to use. The cabin is completely furnished and well cared for.

110 days

599

15

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
3/4 bathrooms: 1
Main level bedrooms: 1

Bedroom

Level: Lower
Area: 64 Square Feet
Dimensions: 8 x 8

Bedroom

Level: Main
Area: 64 Square Feet
Dimensions: 8 x 8

Bathroom

Description: 3/4 Bath
Level: Main
Area: 40 Square Feet
Dimensions: 8 x 5

Living room

Description: Kitchen, living and dining area
Level: Main
Area: 36 Square Feet
Dimensions: 6 x 6

Heating

Propane

Cooling

None

Appliances

Included: Water Heater-Gas, Microwave, Range, Refrigerator

Features

Natural Woodwork
Windows: Vinyl Windows
Basement: N/A
Has fireplace: No

Interior area

Total interior livable area: 400 sqft
Finished area above ground: 400
Finished area below ground: 0

Property

Parking

Parking features: None

Features

Patio & porch: Deck
Exterior features: Dock
Has view: Yes
View description: Inland Lake, Panoramic
Has water view: Yes
Water view: Lake
Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Rocky, Elevation-Medium)
Body of water: Big Lake
Frontage length: 1500

Lot

Size: 7,840 Square Feet
Dimensions: 110 x 75
Features: Accessible Shoreline, Tree Coverage - Medium

Details

Foundation area: 396
Parcel number: 629003200040
Zoning description: Residential-Rec Business

Construction

Type & style

Home type: SingleFamily
Architectural style: Rustic
Property subtype: Single Family Residence

Materials

Wood, Frame/Wood
Roof: Metal

Condition

Previously Owned
Year built: 1950

Utilities & green energy

Electric: Other
Sewer: Shared Septic
Water: Shared

Community & HOA

HOA

Has HOA: Yes
Services included: Dock Maintenance, Shared Amenities
HOA fee: $3,000 annually

Location

Region: Ely

Financial & listing details

Price per square foot: $556/sqft
Annual tax amount: $947
Date on market: 4/17/2026
Cumulative days on market: 112 days
Listing terms: Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/7/2026	Price change	$222,500+1.6%$556/sqft
Source: Range AOR #149778 Report a problem
4/17/2026	Listed for sale	$219,000+6.8%$548/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6124548 Report a problem
11/7/2025	Listing removed	$205,000$513/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6119179 Report a problem
9/19/2025	Price change	$205,000-7.7%$513/sqft
Source: Range AOR #148282 Report a problem
7/5/2025	Price change	$222,000-4.3%$555/sqft
Source: Range AOR #148282 Report a problem
5/8/2025	Listed for sale	$232,000+16%$580/sqft
Source: Range AOR #148282 Report a problem
4/1/2022	Sold	$200,000-8.7%$500/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6099682 Report a problem
2/21/2022	Pending sale	$219,000+10.6%$548/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6099682 Report a problem
12/12/2012	Listing removed	$198,000$495/sqft
Source: Wildwoods Land Company #30140 Report a problem
3/6/2012	Listed for sale	$198,000$495/sqft
Source: Wildwoods Land Company #30140 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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