Fernberg Rd, Ely, MN

$390,000 - Fall Lake

4

Beds

1,400

Square feet

3.80

Acres

About Fernberg Rd

Two Cabin North woods Retreat on Shagawa River & Fall Lake Rare opportunity to own 3.8 beautiful acres with an impressive 714 feet of combined Shagawa River and Fall Lake shoreline. Westerly facing and surrounded by the natural beauty of the North woods, this unique property offers two classic cabins, abundant shoreline, and tremendous potential for a private family retreat, or seasonal getaway. The property features two separate 2-bedroom, 1-bath seasonal cabins, each with a comfortable combined kitchen and living area and a deck at the entrance. Both cabins are being offered furnished, existing dishes, cookware and miscellaneous items, making it easy to start enjoying the property right away. The cabins share a well, while each has its own septic system. Cabin #1 will require a new septic system, providing an opportunity for the next owner to make improvements suited to their plans. A gravel boat landing provides direct access to the river. Although currently grown in with weeds, the landing has historically provided easy boat launching. Additional improvements include a storage/pump house containing the water heater and providing valuable storage space, along with a screened fish cleaning house equipped with a cleaning table, sink, and running water; perfectly suited to the North woods lifestyle. With two cabins, extensive shoreline, western exposure, boat access, and nearly four acres of beautiful North woods property, this is a rare opportunity to create your own lake-and-river retreat with room for family, friends, and recreation. The two cabins were used as rental properties until 2022. Direct access to Fall Lake, a large, classic North woods lake with direct BWCAW wilderness access.

Features of Fernberg Rd

MLS® # 6128282
Price $390,000
Bedrooms 4
Bathrooms 0.00
Square Footage 1,400
Acres 3.80
Year Built 1983
Type Single Family
Sub-Type Multi Family
Status Active
Lake Name Fall Lake

Community Information

Address Fernberg Rd
City Ely
County Lake County
State MN
Zip Code 55731

Amenities

Is Waterfront No
Waterfront Inland Lake
Has Pool No

Interior

Heating Electric
Fireplace No
# of Stories 1
Has Basement No
Basement None

Exterior

Lot Description Low, Tree Coverage - Medium, Level
Construction Wood

School Information

District Ely #696

Additional Information

Date Listed October 1st, 2026
Foreclosure No
Short Sale No
Taxes $1
Tax Year 2026
Office Bear Island Realty LLC

Listing Details

OfficeBear Island Realty LLC

Interested in this property?

Request Showing

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?