OFF MARKET

Off Market Dec 2023 for $675K

$733,656

•

1.75 ba

•

2,497

sq ft

1385 Peninsula Rd, Ely, MN 55731

About this home

AMAZING HOUSE FOR SALE! Eagles Nest Lake 2 home with circle driveway, walkout lower level, wrap around deck and portico. 5 acres of towering pines and 852 feet of shoreline resembling a private park! FireWise safe! Ledge rock outcroppings. Lake views from every window, perennial flower gardens. Dual fuel and off-peak electric heating (plus wood furnace), generator. Newer appliances and windows, lots of closets and storage. 3 bedrooms, master bath, guest bath, kitchen/dining room with center island & Cambria countertops, living room with fireplace, foyer, Lower level rec room, bedroom and 4-season sun room on lakeside. 200 amp panels in the house and in the heated workshop attached to the 2 car garage. Wood shed and potting shed. Drilled well, lake water system and mound septic system. This is a must-see property to appreciate it!

Single-familyProperty Type

1978Year Built

5 acresLot Size

$294Est. Price/Sq.Ft.

2 car garageParking

Listed by Karen Zupancich • Edina Realty, Inc.

Bought with Member Non • NON-MEMBER

Redfin checked: 3 minutes ago

•Source:RAOR #145051

Redfin Estimate

$733,656

$59K since sold in December 2023$29K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 49.6% higher than the average sale price ($490K) of 6 comparable homes.

SOLD FEB 19, 2026
$625,000
A
3 beds1.75 baths1,920 sq ft
5729 Puncher Point Rd, Tower, MN 55790
SOLD AUG 19, 2026
$136,900
B
3 beds2 baths— sq ft
47 Birch Blvd, Babbitt, MN 55706
SOLD AUG 12, 2026
$780,000
C
3 beds2 baths1,916 sq ft
1675 Bradach Rd, Ely, MN 55731
SOLD FEB 27, 2026
$210,000
D
3 beds2 baths1,987 sq ft
42 Locust Dr, Babbitt, MN 55706
SOLD APR 1, 2026
$900,000
E
3 beds2 baths2,706 sq ft
2375 Viste Point Rd, Ely, MN 55731
SOLD JUL 16, 2026
$290,000
F
3 beds1.75 baths1,830 sq ft
7675 Kaunonen Lake Rd, Embarrass, MN 55732

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Rent

$2,774/mo

Redfin rental estimate

List your home for rent

Market trends in 55731, MN

Last updated August 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

95.2%

+0.5% MoM

Median sale price

$272K

$7K MoM

Avg. days on market

41d

12 days MoM

Recently sold homes

5 MoM

New listings for sale

NEW 1 HR AGO
$317,000
2 beds— baths1,282 sq ft
651 Fernberg Rd, Ely, MN 55731
NEW 2 HRS AGO
$246,000
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
3D WALKTHROUGH
$648,500
3 beds1 bath1,136 sq ft
5005 N Lake Vermilion, Tower, MN 55790
$749,000
1 bed— baths352 sq ft
2815 Schaeffer Rd, Ely, MN 55731
$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
See all

Provided by Redfin

Sale history for 1385 Peninsula Rd

Date

Event

Price

RAOR #145051

Dec 14, 2023

Sold

$675,000

$270/sq ft

Oct 15, 2023

Pending

—

Sep 13, 2023

Price Changed

$699,900

$280/sq ft

Aug 31, 2023

Relisted

—

Aug 16, 2023

Delisted

—

Jul 8, 2023

Price Changed

$764,000

$306/sq ft

May 24, 2023

Listed

$775,000

$310/sq ft

LSAR #6108224

Dec 15, 2023

Sold

$675,000

$270/sq ft

May 24, 2023

Listed

$699,900

$280/sq ft

AMAZING HOUSE FOR SALE! Eagles Nest Lake 2 home with circle driveway, walkout lower level, wrap around deck and portico. 5 acres of towering pines and 852 feet of shoreline resembling a park! FireWise safe! Ledge rock outcroppings. Lake views from every window, perennial flower gardens. Dual fuel and off-peak electric heating (plus wood furnace), generator. Newer appliances and windows, lots of closets and storage. 3 bedrooms, owner's bath, guest bath, kitchen/dining room with center island & Cambria countertops, living room with fireplace, foyer, Lower level recreation room, bedroom and 4-season sun room on lakeside. 200 amp panels in the house and in the heated workshop attached to the 2 car garage. Wood shed and potting shed. Drilled well, lake water system and mound septic system. This is a must-see property to appreciate it!

Year

Property tax

Land + Additions

Assessment*

2026

$5,394 (+2.0%)

$250,300 + $326,700

$577,000

2025

$5,286 (+31.9%)

$263,700 + $320,600

$584,300

2024

$4,008 (−1.6%)

$204,100 + $237,700

$441,800

2023

$4,074 (+1.2%)

$204,100 + $226,300

$430,400

2022

$4,026 (+2.0%)

$204,100 + $162,300

$366,400

2021

$3,948 (−4.2%)

$204,100 + $162,300

$366,400

2020

$4,120 (+13.5%)

$204,100 + $162,300

$366,400

2019

$3,630 (−2.9%)

$186,201 + $157,494

$343,695

2018

$3,738 (+18.3%)

$186,206 + $157,498

$343,704

2017

$3,160 (−10.1%)

$164,845 + $135,355

$300,200

2016

$3,516 (+0.3%)

$183,800 + $151,100

$334,900

2014

$3,507 (+1.8%)

$162,500 + $183,200

$345,700

2013

$3,443

$162,500 + $183,200

$345,700

Tax history for 1385 Peninsula Rd

Year

Property tax

Land + Additions

Assessment*

2026

$5,394 (+2.0%)

$250,300 + $326,700

$577,000

2025

$5,286 (+31.9%)

$263,700 + $320,600

$584,300

2024

$4,008 (−1.6%)

$204,100 + $237,700

$441,800

2023

$4,074 (+1.2%)

$204,100 + $226,300

$430,400

2022

$4,026 (+2.0%)

$204,100 + $162,300

$366,400

2021

$3,948 (−4.2%)

$204,100 + $162,300

$366,400

2020

$4,120 (+13.5%)

$204,100 + $162,300

$366,400

2019

$3,630 (−2.9%)

$186,201 + $157,494

$343,695

2018

$3,738 (+18.3%)

$186,206 + $157,498

$343,704

2017

$3,160 (−10.1%)

$164,845 + $135,355

$300,200

2016

$3,516 (+0.3%)

$183,800 + $151,100

$334,900

2014

$3,507 (+1.8%)

$162,500 + $183,200

$345,700

2013

$3,443

$162,500 + $183,200

$345,700

*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

2.94 Acres

Year renovated

—

Sq. Ft.

1,387

Year built

—

Style

Single Family Residential

County

St. Louis County

APN

317-0230-00265

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 7, 2026.

Property details

Parking

Parking/Garage Information
Has Garage
# of Garage Spaces: 2
Parking Features: Garage Door Opener

Interior

Heating & Cooling
Has Heating
Heating: Baseboard, Electric, Forced Air

Interior Features
Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer, Electric Water Heater
Has Fireplace
# of Fireplaces: 2
Fireplace Features: Wood Burning

Room Information
Laundry Features: Electric Dryer Hookup
Has Basement
Basement Details: Walk-Out Access

Exterior

Exterior Features
Patio And Porch Features: Deck, Porch, Covered, Enclosed
Fencing: Privacy, None
Roof: Asphalt

Building Information
# of Stories Total: 1

Property Features
Waterfront Features: Lake

Property Information
Property Type: Residential
Property Sub Type: Single Family Residence

Lot Information
Lot Features: Irregular Lot
Water Body Name: Eagles Nest Lake 2
Lot Size : 712 x95
Lot Size Acres: 5

Utilities

Utility Information
Water Source: Well, Private
Sewer: Septic Tank

Location

Schools Information
School District: Ely-696

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 1,387
Stories: 1.0
Lot Size: 2.94 acres
Style: Single Family Residential
Year Built: —
Year Renovated: —
County: St. Louis County
APN: 317-0230-00265

Home facts updated by county records on Aug 7, 2026

Around this home

Schools

Tower-Soudan Elementary School

Public PreK-6 • Assigned • 7.6mi

5/10

Northeast Range Secondary

Public 7-12 • Assigned • 11.0mi

6/10

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

2/10 Fire Factor

0.00% chance of being in a wildfire in next 30 years

1/10 Heat Factor

7 days above 91° 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 8.5 hours in June and 2.7 hours in December, placing it below the U.S. average for solar exposure.

8.5 hrs

2.7 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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Home values near 1385 Peninsula Rd

Data from public records.

Address	Redfin Estimate
1368 Peninsula Road, Ely, MN 2 Beds \| 2 Baths \| 896 Sq. Ft.	$516,273
1392 Peninsula Road, Ely, MN 3 Beds \| 2 Baths \| 1040 Sq. Ft.	$369,685

Address	Redfin Estimate
1370 Peninsula Road, Ely, MN 1 Beds \| 1 Baths \| 660 Sq. Ft.	$425,104
1359 Peninsula Road, Ely, MN 2 Beds \| 2 Baths \| 884 Sq. Ft.	$530,802

Address	Redfin Estimate
1337 Peninsula Road, Ely, MN 3 Beds \| 2 Baths \| 2307 Sq. Ft.	$684,788
1376 Peninsula Road, Ely, MN 3 Beds \| 2 Baths \| 1380 Sq. Ft.	$580,393

Property information provided by RAOR when last listed in 2023. This data may not match . Learn more.

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