OFF MARKET

Off Market Jul 2018 for $425K

$776,145

•

1,700

sq ft

122 Old Airport Rd, Ely, MN 55731

About this home

Price Reduced! Just 4 miles from Ely, this immaculate open concept 2+ bedroom home has many fine features including in-floor heat, metal roof, all season sun room, and gas fireplace. The level lot features picturesque pine tree coverage, southern exposure with rocky shoreline and natural landscaping. Oversized 2-car garage and storage shed. This premier, sought-after lake is part of a chain of lakes with direct access into the BWCAW. Motivated Seller! * SLLS *

Single-familyProperty Type

2004Year Built

1.01 acresLot Size

$457Est. Price/Sq.Ft.

2 car garageParking

Bought with Jim Burke • Bear Island Land Co., Inc

Redfin checked: a minute ago

•Source:LSAR as distributed by WIREX #6033088

Redfin Estimate

$776,145

$351K since sold in July 2018$46K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 153.1% higher than the average sale price ($307K) of 6 comparable homes.

SOLD JUL 29, 2026
$249,000
A
3 beds1.5 baths1,480 sq ft
1419 E Chapman St, Ely, MN 55731
SOLD JUL 31, 2026
$519,000
B
3 beds2 baths1,320 sq ft
413 Sunset Rd, Ely, MN 55731
SOLD AUG 24, 2026
$475,000
C
3 beds1.5 baths1,248 sq ft
13359 Villa Rd, Ely, MN 55731
SOLD AUG 19, 2026
$136,900
D
3 beds2 baths— sq ft
47 Birch Blvd, Babbitt, MN 55706
SOLD JUL 27, 2026
$210,000
E
2 beds1 bath1,215 sq ft
13464 Chestnut Dr, Ely, MN 55731
SOLD DEC 18, 2025
$250,000
F
3 beds2 baths— sq ft
1326 N 21st Ave E, Ely, MN 55731

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Earn from this home

Rent

$2,296/mo

Redfin rental estimate

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Market trends in 55731, MN

Last updated August 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

94.2%

0.8% MoM

Median sale price

$275K

$6K MoM

Avg. days on market

62d

20 days MoM

Recently sold homes

6 MoM

New listings for sale

$239,000
2 beds1 bath992 sq ft
408 S 7th Ave Ave E, Ely, MN 55731
$175,000
1 bed— baths290 sq ft
4704 Highway 169, Ely, MN 55731
$317,000
2 beds— baths1,282 sq ft
651 Fernberg Rd, Ely, MN 55731
$230,000
7 beds4 baths2,600 sq ft
429 S 4th Ave Ave E, Ely, MN 55731
3D WALKTHROUGH
$160,000
2 beds1 bath1,064 sq ft
1211 E Camp St, Ely, MN 55731
See all

Provided by Redfin

Sale history for 122 Old Airport Rd

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Year

Property tax

Land + Additions

Assessment*

2026

$5,267 (−4.9%)

$171,900 + $563,200

$735,100

2025

$5,539 (+73.7%)

$174,200 + $569,300

$743,500

2024

$3,189 (+13.6%)

$153,700 + $569,400

$723,100

2023

$2,808 (−28.5%)

$153,700 + $443,000

$596,700

2022

$3,929 (+6.2%)

$147,400 + $274,900

$422,300

2021

$3,699 (−8.4%)

$147,400 + $241,700

$389,100

2020

$4,040 (+0.5%)

$198,600 + $224,800

$423,400

2019

$4,018 (−3.0%)

$198,600 + $227,200

$425,800

2018

$4,140 (+14.5%)

$208,300 + $227,200

$435,500

2017

$3,616 (+1.8%)

$198,600 + $191,400

$390,000

2016

$3,552 (−2.4%)

$198,600 + $193,500

$392,100

2015

$3,639 (+34.6%)

$198,600 + $195,500

$394,100

2013

$2,704

$207,700 + $197,300

$405,000

Tax history for 122 Old Airport Rd

Year

Property tax

Land + Additions

Assessment*

2026

$5,267 (−4.9%)

$171,900 + $563,200

$735,100

2025

$5,539 (+73.7%)

$174,200 + $569,300

$743,500

2024

$3,189 (+13.6%)

$153,700 + $569,400

$723,100

2023

$2,808 (−28.5%)

$153,700 + $443,000

$596,700

2022

$3,929 (+6.2%)

$147,400 + $274,900

$422,300

2021

$3,699 (−8.4%)

$147,400 + $241,700

$389,100

2020

$4,040 (+0.5%)

$198,600 + $224,800

$423,400

2019

$4,018 (−3.0%)

$198,600 + $227,200

$425,800

2018

$4,140 (+14.5%)

$208,300 + $227,200

$435,500

2017

$3,616 (+1.8%)

$198,600 + $191,400

$390,000

2016

$3,552 (−2.4%)

$198,600 + $193,500

$392,100

2015

$3,639 (+34.6%)

$198,600 + $195,500

$394,100

2013

$2,704

$207,700 + $197,300

$405,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

0.82 Acres

Year renovated

2005

Sq. Ft.

1,769

Year built

2003

Style

Single Family Residential

County

Lake County

APN

28-6211-06400

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 12, 2026.

Property details

Parking

Parking/Garage Information
Has Garage
# of Garage Spaces: 2
Parking Features: Off Street, Gravel, Garage Door Opener, Detached

Interior

Virtual Tour

Bathroom Information
# of Three Quarter Bathrooms: 1
# of Half Bathrooms: 1

Heating & Cooling
Cooling: None
Has Heating
Heating: Propane, Electric, Floor Furnace

Interior Features
Interior Features: Ceiling Fan(s), Eat-in Kitchen, Kitchen Island, Natural Woodwork, Master Downstairs
Window Features: Screens, Wood Frames, ENERGY STAR Qualified Windows
Appliances: Dishwasher, Microwave, Range, Refrigerator
Flooring: Hardwood
Has Fireplace
Fireplace Features: Gas

Room Information
Laundry Features: Washer Hookup
Basement Details: None

Exterior

Exterior Features
Patio And Porch Features: Deck, Porch, Enclosed
Roof: Metal

Building Information
Above Grade Finished Area: 1,700
# of Stories Total: 2
Construction Materials: Log

Property Features
On Waterfront
Waterfront Features: Lake
Has View
Other Structures: Shed(s)

Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Raw Mls Property Sub Type: Single Family Detached

Lot Information
Lot Features: Landscaped, Many Trees, Level
Water Body Name: White Iron
Road Responsibility: Private Maintained Road
Road Frontage Type: Private Road
Lot Size Dimensions: 290 x 145
Lot Size Acres: 1.01

Financial

Tax Information
Tax Annual Amount: $3,466.24

Utilities

Utility Information
Water Source: Private
Sewer: Private Sewer

Location

Schools Information
High School District: Ely #696

Location Information
Directions: From Ely, travel east on Hwy 169 to Kawishiwi Trail. Turn right and follow Kawishiwi Trail to Pine Road. Turn right and follow to Mushroom Island Rd. Go right on Mushroom Island Rd and then left on Old Airport Road. Follow to Fire #122.

Public facts

Beds: 2
Baths: —
Sq. Ft.: 1,769
Stories: —
Lot Size: 0.82 acres
Style: Single Family Residential
Year Built: 2003
Year Renovated: 2005
County: Lake County
APN: 28-6211-06400

Home facts updated by county records on Aug 12, 2026

Around this home

Schools

Minnehaha Elementary School

Public PreK-5 • Assigned • 59.9mi

6/10

Two Harbors Secondary

Public 6-12 • Assigned • 58.1mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.15% chance of being in a wildfire in next 30 years

1/10 Heat Factor

7 days above 92° expected this year, 12 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

2/10 Air Factor

0 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Ely, MN • 55731

Average low and high temperatures (°F)

-5

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.4 hours in June and 2.7 hours in December, placing it below the U.S. average for solar exposure.

8.4 hrs

2.7 hrs

JuneDecember

Provided by Shadowmap

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Home values near 122 Old Airport Rd

Data from public records.

Address	Redfin Estimate
143 Old Airport Rd, Ely, MN - Beds \| - Baths \| - Sq. Ft.	$485,144
13216 Mushroom Is Rd, Ely, MN 2 Beds \| 2.5 Baths \| 2080 Sq. Ft.	$694,856

Address	Redfin Estimate
132 Old Airport Rd, Ely, MN 2 Beds \| - Baths \| 1052 Sq. Ft.	$459,651
1565 Highway 1, Ely, MN 3 Beds \| 2 Baths \| 1500 Sq. Ft.	$437,233

Address	Redfin Estimate
13192 Mushroom Island Rd, Ely, MN 4 Beds \| 3 Baths \| - Sq. Ft.	$1,931,766

Property information provided by LSAR as distributed by WIREX when last listed in 2018. This data may not match . Learn more.

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