OFF MARKET

Off Market Mar 2018 for $370K

$907,233

Est. refi paymentEst. refi $2,319/mo

•

— ba

•

2,160

sq ft

13487 Bay Rd, Ely, MN 55731

About this home

You must see to appreciate this beautiful home in it's glorious Northwoods park setting. This wonderful 3 bedroom, 2 bath year-round home sits on +-5 acres with +-275' of level, stunning shoreline on Farm Lake which is part of the White Iron chain of Lakes and provides direct access to the BWCAW. The original home was expanded to increase the living space by double. There is a large upper bedroom which could potentially be split into two bedrooms or a bedroom and an office. There is new, very nice flooring in the kitchen/dining area and ceramic floor in the full bath. Enjoy the outside decks overlooking a quiet bay with plenty of wildlife. The deck flooring is all new. The great tuck-under 4 car garage will accommodate your vehicles, boats and/or recreational toys. The property is private and beautifully landscaped with ledge rock outcroppings and captivating mature White and Red Pines. This is a must-see property with a great location, close to both Ely and the Boundary Waters

Single-familyProperty Type

1976Year Built

5 acresLot Size

$420Est. Price/Sq.Ft.

4 car garageParking

Listed by Lori Schulze • Wildwoods Land Company

Bought with Kate Davies • Bear Island Land Co., Inc

Source:LSAR #6027994

Redfin Estimate

$907,233

$537K since sold in March 2018$36K since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 81.7% higher than the average sale price ($499K) of 6 comparable homes.

SOLD JUL 31, 2026
$519,000
A
3 beds2 baths1,320 sq ft
413 Sunset Rd, Ely, MN 55731
SOLD DEC 8, 2025
$419,000
B
3 beds2 baths2,281 sq ft
386 Garden Lake Rd, Ely, MN 55731
SOLD JUL 29, 2026
$249,000
C
3 beds1.5 baths1,480 sq ft
1419 E Chapman St, Ely, MN 55731
SOLD NOV 17, 2025
$364,000
D
3 beds2 baths— sq ft
236 E Ahola Rd, Ely, MN 55731
SOLD SEP 4, 2025
$735,000
E
3 beds2 baths2,189 sq ft
118 Onigum Trl, Ely, MN 55731
SOLD FEB 6, 2026
$710,000
F
3 beds2 baths— sq ft
540 Loop Rd, Ely, MN 55731

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Earn from this home

Refinance

Est. cash available

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Rent

$2,495/mo

Redfin rental estimate

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Market trends in 55731, MN

Last updated July 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

94.7%

0.3% MoM

Median sale price

$265K

$31K MoM

Avg. days on market

53d

0 days MoM

Recently sold homes

9 MoM

New listings for sale

NEW 8 HRS AGO
$749,000
1 bed— baths352 sq ft
2815 Schaeffer Rd, Ely, MN 55731
NEW 8 HRS AGO
$799,000
2 beds1 bath988 sq ft
2811 Schaeffer Rd, Ely, MN 55731
$259,000
3 beds1 bath1,064 sq ft
308 S 8th Ave. Ave E, Ely, MN 55731
$684,500
3 beds2 baths1,806 sq ft
214 Cedar Ln, Ely, MN 55731
VIDEO TOUR
$887,900
2 beds1 bath525 sq ft
3530 North Arm Rd, Ely, MN 55731
$117,000
3 beds1 bath918 sq ft
31 E Harvey St, Ely, MN 55731
3D WALKTHROUGH
$395,000
2 beds1 bath955 sq ft
13412 Bear Paw Trl, Ely, MN 55731
3D WALKTHROUGH
$449,000
2 beds2 baths1,389 sq ft
1772 Hwy 120, Ely, MN 55731
3D WALKTHROUGH
$850,000
3 beds2 baths1,904 sq ft
14653 & 14655 Hulstrand Rd, Ely, MN 55731
3D WALKTHROUGH
$370,000
2 beds1 bath728 sq ft
1583 Jewel Ridge Rd, Ely, MN 55731
See all

Provided by Redfin

Sale history for 13487 Bay Rd

Date

Event

Price

Public Records

Mar 12, 2018

Sold

$370,100

$171/sq ft

LSAR #6027994

Aug 4, 2017

Sold

$370,000

$171/sq ft

Apr 9, 2017

Listed

$395,000

$183/sq ft

+11

NORTHSTARMLS as Distributed by MLS Grid #MAM6000710

Apr 1, 2014

Listing Removed

—

Mar 21, 2014

Listed

$499,900

$231/sq ft

NORTHSTARMLS as Distributed by MLS Grid #MAM31190

Apr 5, 2012

Listed

$549,900

$255/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$4,557 (−3.6%)

$299,000 + $453,800

$752,800

2025

$4,729 (+59.8%)

$299,000 + $453,800

$752,800

2024

$2,959 (+41.5%)

$280,400 + $437,800

$718,200

2023

$2,092 (−42.4%)

$310,300 + $196,300

$506,600

2022

$3,633 (−2.3%)

$310,300 + $125,400

$435,700

2021

$3,719 (−8.1%)

$310,300 + $127,100

$437,400

2020

$4,046 (+1.0%)

$310,300 + $128,800

$439,100

2019

$4,005 (−13.3%)

$310,300 + $129,400

$439,700

2018

$4,622 (+13.1%)

$359,900 + $153,700

$513,600

2017

$4,087 (+2.1%)

$342,200 + $129,800

$472,000

2016

$4,002 (−2.2%)

$342,200 + $131,600

$473,800

2015

$4,090 (+16.1%)

$342,200 + $132,200

$474,400

2013

$3,523

$377,700 + $135,000

$512,700

Tax history for 13487 Bay Rd

Year

Property tax

Land + Additions

Assessment*

2026

$4,557 (−3.6%)

$299,000 + $453,800

$752,800

2025

$4,729 (+59.8%)

$299,000 + $453,800

$752,800

2024

$2,959 (+41.5%)

$280,400 + $437,800

$718,200

2023

$2,092 (−42.4%)

$310,300 + $196,300

$506,600

2022

$3,633 (−2.3%)

$310,300 + $125,400

$435,700

2021

$3,719 (−8.1%)

$310,300 + $127,100

$437,400

2020

$4,046 (+1.0%)

$310,300 + $128,800

$439,100

2019

$4,005 (−13.3%)

$310,300 + $129,400

$439,700

2018

$4,622 (+13.1%)

$359,900 + $153,700

$513,600

2017

$4,087 (+2.1%)

$342,200 + $129,800

$472,000

2016

$4,002 (−2.2%)

$342,200 + $131,600

$473,800

2015

$4,090 (+16.1%)

$342,200 + $132,200

$474,400

2013

$3,523

$377,700 + $135,000

$512,700

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

Property details

Interior

Basement Information
Basement Finish: Finished
Basement Type: Finished

Fireplace Information
# of Fireplaces: 1
Has Fireplace

Exterior

Exterior Information
Building Style Type: A-Frame
Construction Type: Frame
Exterior Wall: Wood

Pool Information
Pool Type: Pool and Hot Tub/Spa
Has Pool

Property Information
Living Sq. Ft: 2,160
Building Sq. Ft: 2,160
Legal Description: 5 ACRES OUT OF LOT 2 AS DESC IN CERT OF

Parking & Garage Information
Garage/Parking Sq. Ft: 1,200

Lot Information
# of Buildings: 1
Land Sq. Ft: 217,800
Legal Lot Number: 2
Municipality Name: FALL LAKE TOWNSHIP
Acres: 5
County Use Description: RESIDENTIAL 1 UNIT

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 3
Baths: —
Sq. Ft.: 2,160
Stories: —
Lot Size: 5 acres
Style: Single Family Residential
Year Built: 1976
Year Renovated: 1990
County: Lake County
APN: 28-6311-33350

Home facts updated by county records on Aug 12, 2026

Around this home

Schools

Minnehaha Elementary School

Public PreK-5 • Assigned • 61.0mi

6/10

Two Harbors Secondary

Public 6-12 • Assigned • 59.2mi

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

1/10 Fire Factor

Unlikely to be 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

Is this your home?

Track this home’s value and nearby sales activity

Nearby similar homes

3D WALKTHROUGH

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3D WALKTHROUGH

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New listings for sale in 55731

NEW 8 HRS AGO

$749,000

1 bed— baths352 sq ft

2815 Schaeffer Rd, Ely, MN 55731

NEW 8 HRS AGO

$799,000

2 beds1 bath988 sq ft

2811 Schaeffer Rd, Ely, MN 55731

$259,000

3 beds1 bath1,064 sq ft

308 S 8th Ave. Ave E, Ely, MN 55731

$684,500

3 beds2 baths1,806 sq ft

214 Cedar Ln, Ely, MN 55731

VIDEO TOUR

$887,900

2 beds1 bath525 sq ft

3530 North Arm Rd, Ely, MN 55731

$117,000

3 beds1 bath918 sq ft

31 E Harvey St, Ely, MN 55731

3D WALKTHROUGH

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3D WALKTHROUGH

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2 beds2 baths1,389 sq ft

1772 Hwy 120, Ely, MN 55731

3D WALKTHROUGH

$850,000

3 beds2 baths1,904 sq ft

14653 & 14655 Hulstrand Rd, Ely, MN 55731

Home values near 13487 Bay Rd

Data from public records.

Address	Redfin Estimate
500 Kawishiwi Trl, Ely, MN 3 Beds \| 1 Baths \| 1400 Sq. Ft.	$276,803
549 Loop Rd, Ely, MN 5 Beds \| - Baths \| 5128 Sq. Ft.	$869,255

Address	Redfin Estimate
13461 Pinehurst Dr, Ely, MN 3 Beds \| 2 Baths \| 2822 Sq. Ft.	$743,697
528 Loop Rd, Ely, MN 4 Beds \| 2 Baths \| 1640 Sq. Ft.	$424,796

Address	Redfin Estimate
13491 Pinehurst Dr, Ely, MN - Beds \| - Baths \| - Sq. Ft.	$652,339

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