296 Shady Ln, Ely, MN

$249,000 - Other

2

Beds

912

Square feet

5.75

Acres

About 296 Shady Ln

This Northwoods two bedroom, one bath cabin with drilled well and compliant septic can be enjoyed year-round! The open floor plan features beautiful natural woodwork throughout, a cozy woodstove in the living room, a main floor bedroom and bathroom, and an open sleeping loft above—perfect for guests or additional space. Set on 5.75 private acres overlooking a scenic pond, this property offers the peaceful setting you’ve been looking for, with plenty of room to explore and unwind. Included is an additional parcel on Fall Lake, providing direct access to the renowned Boundary Waters Canoe Area Wilderness—a rare opportunity for paddling, fishing, and world-class outdoor adventure right at your fingertips. Whether you’re enjoying quiet mornings by the water, evenings around the fire, or year-round recreation like hiking, snowmobiling, and exploring the surrounding wilderness, this property is a wonderful, private up-north retreat that truly captures the best of Minnesota’s Northwoods lifestyle.

Features of 296 Shady Ln

MLS® # 6124796
Price $249,000
Bedrooms 2
Bathrooms 0.00
Square Footage 912
Acres 5.75
Year Built 1998
Type Single Family
Sub-Type Single Family Detached
Style Bungalow
Status Active
Lake Name Other

Community Information

Address 296 Shady Ln
City Ely
County Lake County
State MN
Zip Code 55731

Amenities

Is Waterfront No
Waterfront Pond
Has Pool No

Interior

Heating Fireplace(s), Wood
Fireplace Yes
# of Fireplaces 1
# of Stories 1
Has Basement No
Basement Crawl Space

Exterior

Construction Wood

School Information

District Lake Superior #381

Additional Information

Date Listed April 28th, 2026
Foreclosure No
Short Sale No
Taxes $1,366
Tax Year 2026
Office Keller Williams Classic Realty NW - Ely

Listing Details

OfficeKeller Williams Classic Realty NW - Ely

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