Located a short drive east of Ely is this magnificent 2 story lake home on Fall Lake! Fantastic views of Fall Lake...including views right into the BWCAW from your patio! This lovely home, built in 2012, has 3 bedrooms and 3 baths and is on a very scenic wooded parcel with approx. 1.5 acres and approx. 200 feet of shoreline on this fantastic "edge of the Boundary Waters" lake! Enjoy elevated views of the lake, see eagles frequently soaring overhead and roosting on the state owned island out front, and paddle or motor right into the BWCAW right from your dock! The main floor has 9 foot ceilings and a large open concept living and dining room that flows right into the large kitchen with tons of counter space and top-quality cabinets. Enjoy the fantastic views out the tall windows and sliding glass door toward the large patio and lake. Also, a main floor bedroom that faces the lake with a private full bath with jacuzzi tub! Half bath, large utility room with washer and dryer, and 4 season porch round out the main floor. The 2nd floor has a large great room with pine vaulted ceilings that faces the lake and an additional back portion of it with a portable sliding wall that can be used to make it a private room, or extra sleeping space. 2 more large bedrooms and another full bath are here as well. Plus a large 2nd floor deck! Also a huge storage room over the attached garage that is great for storing so many things! Other features include the attached 2 stall garage, a sauna behind the house, large patio and entertaining area facing the lake, maintenance free top-quality siding, nice stairs to the lake-where there is a large dock and boat storage! This property would be great to live in year 'round, or use as your 4 season Ely area getaway. Drilled well, mound septic system, private driveway, storage shed. Fall Lake is 6 miles long and the northern quarter of the lake is in the famous Boundary Waters Wilderness Area, with motors being allowed on all of Fall Lake (25 HP in the BWCAW portion and unlimited on the rest of the lake). From Fall, you can wheel portage to Basswood Lake.. and the US/Canada border. Great fishing! Property faces N/NW and allows great viewing of the active northern lights activity. This is a great property just 10 minutes from Ely! Check out this Youtube Channel for footage of the night sky(including some amazing Northern Lights!) of this listing: https://youtube.com/@larryolson6464?si=6Wa-Cg7a-Lrk7vRT
Sold for $805,000
$805,000
631 Circle Dr, Ely, MN 55731
3beds
2,373sqft
Single Family Residence
Built in 2012
1.54 Acres Lot
$817,200 Zestimate®
$339/sqft
$3,011 Estimated rent
Home value
$817,200
Estimated sales range
Not available
$3,011/mo
Zestimate® history
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Sliding glass doorMaintenance free top-quality sidingTall windowsTons of counter spaceTop-quality cabinetsScenic wooded parcel
Zillow last checked:
Listing updated:
Listed by:
Jeff Hway 218-349-0906,
Bear Island Realty LLC,
Zachary Hway 651-341-0383,
Bear Island Realty LLC
Bought with:
Connie Coughlin
Bear Island Realty LLC
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6120784
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bedrooms: 1
Bedroom
- Level: Second
- Area: 159.5 Square Feet
- Dimensions: 11 x 14.5
Bedroom
- Level: Main
- Area: 174 Square Feet
- Dimensions: 12 x 14.5
Bedroom
- Level: Second
- Area: 159.5 Square Feet
- Dimensions: 11 x 14.5
Bathroom
- Description: Full Bath
- Level: Second
- Area: 50 Square Feet
- Dimensions: 5 x 10
Bathroom
- Description: with Jacuzzi tub/shower
- Level: Main
- Area: 72 Square Feet
- Dimensions: 6 x 12
Bathroom
- Level: Main
- Area: 19.25 Square Feet
- Dimensions: 3.5 x 5.5
Other
- Description: Insulated with an electric heater
- Level: Main
Great room
- Description: Plus another 16 x11 area that can be used as a Bedroom. Has plumbing for a wet bar.
- Level: Second
- Area: 413 Square Feet
- Dimensions: 14 x 29.5
Kitchen
- Level: Main
- Area: 149.5 Square Feet
- Dimensions: 11.5 x 13
Living room
- Description: Combined with Dining Room
- Level: Main
- Area: 383.5 Square Feet
- Dimensions: 13 x 29.5
Storage
- Description: Upper floor of garage. Huge storage room that could be easily finished if desired.
- Area: 646.25 Square Feet
- Dimensions: 27.5 x 23.5
Utility room
- Level: Main
- Area: 68 Square Feet
- Dimensions: 8 x 8.5
Heating
- Forced Air, In Floor Heat, Wood, Propane, Electric
Cooling
- Central Air
Appliances
- Included: Water Heater-Electric, Dishwasher, Dryer, Range, Refrigerator, Washer
- Laundry: Main Level, Dryer Hook-Ups, Washer Hookup
Features
- Ceiling Fan(s), Vaulted Ceiling(s)
- Doors: Patio Door
- Has basement: Yes
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 2,373 sqft
- Finished area above ground: 2,373
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Gravel, Attached, Electrical Service, Insulation
- Attached garage spaces: 2
Accessibility
- Accessibility features: Partially Wheelchair, Accessible Doors
Features
- Patio & porch: Deck, Patio
- 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(Hard, Rocky, Elevation-High)
- Body of water: Fall
- Frontage length: 200
Lot
- Size: 1.54 Acres
- Dimensions: 320 x 200
- Features: Accessible Shoreline, Tree Coverage - Heavy, High
Details
- Additional structures: Sauna
- Foundation area: 1125
- Parcel number: 28636901090
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- Composition, Frame/Wood
- Roof: Asphalt Shingle
Condition
- Previously Owned
- Year built: 2012
Utilities & green energy
- Electric: Lake Country Power
- Sewer: Private Sewer, Mound Septic
- Water: Drilled
Community & neighborhood
Location
- Region: Ely
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Unimproved
Price history
| Date | Event | Price |
|---|---|---|
| 1/16/2026 | Sold | $805,000-5.2%$339/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6120784 Report a problem | ||
| 12/8/2025 | Pending sale | $849,000$358/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6120784 Report a problem | ||
| 11/28/2025 | Contingent | $849,000$358/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6120784 Report a problem | ||
| 8/19/2025 | Price change | $849,000-5.6%$358/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6120784 Report a problem | ||
| 7/17/2025 | Listed for sale | $899,000+406.5%$379/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6120784 Report a problem | ||
| 10/19/2010 | Sold | $177,500$75/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,403 +1.3% | $1,064,200 -0.9% |
| 2024 | $8,297 +13.6% | $1,073,600 +0.3% |
| 2023 | $7,305 +22.8% | $1,070,500 +89.3% |
| 2022 | $5,950 +6.8% | $565,600 |
| 2021 | $5,572 +6% | $565,600 |
| 2020 | $5,255 +2% | $565,600 -4.2% |
| 2018 | $5,154 +14.9% | $590,200 +18.9% |
| 2017 | $4,485 +0.9% | $496,300 +12.5% |
| 2016 | $4,444 +0% | $441,100 +0.6% |
| 2015 | $4,443 | $438,500 |
| 2014 | $4,443 +153.2% | -- |
| 2013 | $1,755 +8.5% | -- |
| 2012 | $1,617 | -- |
| 2011 | -- | -- |
| 2010 | $911 | -- |
Find assessor info on the county website
Neighborhood: 55731
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- Minnesota
- Lake County
- Ely
- 55731
- 631 Circle Dr
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