Ely, MN Lake Property For Sale (75 Real Estate Listings)
Ely, MN Real Estate Statistics
| Average Price | $480K |
|---|---|
| Lowest Price | $25K |
| Highest Price | $3.3M |
| Total Listings | 152 |
| Avg. Price/SQFT | $373 |
Property Types (active listings)
As of October 11, 2025 there are 75 active Ely, MN lake property listings for sale with an average listing price of $742,671. The highest-priced waterfront listing is $3,300,000, while the lowest priced waterfront listing can be purchased for $49,500. Ely, MN lakeshore listings have an average price of $537 per square foot, based on listings with an average of 2.8 bedrooms, 2.1 bathrooms, and 1,369 square feet of living space.
Ely, MN Lakefront Properties For Sale
If you're looking for a tranquil escape from the hustle and bustle of city life, Ely, Minnesota, may be just the place for you. This small town located in northeastern Minnesota is known for its pristine lakes, lush forests, and endless opportunities for outdoor recreation. If you're considering buying a lake home, cabin, or lot in Ely, here's what you need to know.
Lakes in Ely, MN:
One of the primary draws of Ely is its proximity to numerous lakes. One of the most popular lakes in the area is Shagawa Lake, which covers over 3,200 acres and is located just north of town. The lake is known for its crystal-clear waters, excellent fishing opportunities, and scenic views. Other popular lakes in the area include Burntside Lake, Fall Lake, White Iron Lake, Eagle's Nest Lake, Garden Lake and Snowbank Lake...among thousands more of the Boundary Waters Canoe Area.
Each of these lakes offers unique features and recreational opportunities. Burntside Lake, for example, is a favorite among anglers, with a variety of fish species, including walleye, northern pike, and lake trout. Snowbank Lake, on the other hand, is known for its quiet, secluded beaches and excellent hiking trails.
Buying an Ely, MN Lake Home, Cabin, or Lake Lot:
If you're considering purchasing a lake property in Ely, there are several things to keep in mind. First, it's important to work with a knowledgeable local real estate agent at LakePlace.com who can help you navigate the local market and find the perfect property to suit your needs.
When it comes to lake properties, there are several factors to consider. One of the most important is the location. Do you prefer a secluded spot in the woods, or would you rather be close to town? Do you want a property with a sandy beach, or are you more interested in fishing opportunities? These are all important factors to consider when searching for the perfect lake property.
Another important factor to consider is the type of property you want. Lake homes and cabins offer a range of features and amenities, from rustic cabins to luxurious waterfront estates. If you're looking for a more affordable option, a lake lot may be the way to go, giving you the opportunity to build your dream home or cabin from scratch.
Ultimately, buying a lake home, cabin, or lake lot in Ely, MN can be an excellent investment in your quality of life. With access to some of the most beautiful lakes in the country, as well as endless opportunities for outdoor recreation, Ely is the perfect place to escape from the stresses of everyday life and enjoy the beauty of nature. So why not start exploring the local real estate market today and find the lake property of your dreams?
Ely, Minnesota - Lake Homes, Cabins & Lake Lots
Remote and far enough away to be a true respite from the outside world, the city of Ely is so much more than a fabulous nature destination in northern Minnesota. It's true that visitors flock to Ely to experience the thrill of outdoor destinations such as the Boundary Waters Canoe Area. Ely itself is a cultural hub and the home to a spectacular amount of American history.
Ely is located in the upper northeast corner of the state of Minnesota in St. Louis County. The population is small with approximately 3,500 year round residents. Located in the heart of the Vermilion Iron Range, Ely is commonly considered to be the gateway to the extraordinary Boundary Waters Canoe Area. Ely, MN is approximately 100 miles north of Duluth and two hundred and fifty miles north of Minneapolis-St. Paul.
Nature lovers everywhere are familiar with Ely as a phenomenal place to go to view wildlife of all shapes, sizes and species. Ely is home to the International Wolf Center and the North American Bear Center. The Boundary Waters Canoe Area offers a refuge for countless species of wildlife such as moose, elk, deer, beavers, the occasional black bear, osprey, bald eagles and many other species of waterfowl. Much of the Boundary Waters Canoe Area is accessible only by canoe, making it some of the most peaceful terrain in North America.
Every year in late July, Ely holds its annual Blueberry Fest. Members of the Ojibwe tribe once inhabited these lands and legend has it that they were drawn to the area due to the abundance of blueberries. French and European settlers moved into the area in search of pelts and other wealth. Iron ore, lumber and paper production became integral parts of the economic livelihood of many residents in this part of northern Minnesota. As society moved into the twenty-first century, Americans became aware of the extraordinary beauty and natural resources in and around the Ely area, making it an ideal travel destination for people seeking an opportunity to truly immerse themselves in the remote, rugged beauty of the Boundary Waters Canoe Area. Be sure to check into obtaining a permit before entering the Boundary Waters Canoe Area Wilderness because permits are required for even the shortest of daytrips. Depending on the type of permit you are seeking, you may be able to obtain a self-issued permit at one of the gateways to the park itself.
Other Ely area attractions include the Vermilion Interpretive Center, the Tower/Soudan Underground Mine and the Ely Arts and Heritage Canter at Pioneer Mine. In 1986, the last resident of the Boundary Waters Canoe Area passed away; Dorothy Molter's hospitality was legendary among visitors to this region, especially her homemade root beer. Explore her legacy at the Dorothy Molter Museum where her two cabins were relocated to Ely after her death. Care to take a break from learning about the history and culture of the Ely region? Why not schedule a round of golf at one of the area golf courses. For those looking for a little shopping therapy, the downtown Ely district offers many quaint shops filled with souvenirs and artisanal crafts. Or, simply get away from it all with a leisurely hike, snow-mobile ride, or cross country ski trip on one of the many area trails such as the Taconite Trail and the Tomahawk Trail. Also, the Blueberry Festival isn't the only festival in town. Be sure to check out the Fall Harvest Moon Festival, the Ely Winter Festival, the Embarrass Region Fair and the Wolf Track Classic Dog Sled Race if you should happen to be in the area while any of these wonderful events are scheduled. In the fall and winter, be sure to check out the night skies for a glimpse at the Northern Lights. Viewing them on the edge of a lake is perhaps the best way to view them. Other local cultural venues include the Bois Forte Heritage Center and Cultural Museum at Fortune Bay Casino where visitors can view the handiwork of Objiwe craftsmen and explore recreated homes and other Native American buildings.
Ely is not only a great place to visit for shorter trips or weekend getaways; Ely is also a great spot to live. Ely offers its residents world class medical care, a solid jobs economy and great public schools, all enhancing the quality of life here in Ely. Vacation homes and cabins here in the Ely area are sure to offer any amenity your heart might desire. Lakefront lots are available for those seeking the chance to construct their very own dream property in the heart of the Minnesotan North Woods. For peace, solitude, culture, and history all set against the backdrop of some remarkable scenery, Ely is the perfect choice. Why not plan a visit today?