OFF MARKET

Off market sep 2020 for $259K

$402,162

Est. refi paymentEst. refi $574/mo

•

856

sq ft

2724 Bear Island River Rd, Ely, MN 55731

About this home

Nice cabin on Bear Island Lake south of Ely! Awesome island views of this gorgeous lake from this 2 BR, 1 bath cabin that has plenty of privacy and aprox 94 feet of nice lakeshore with a dock. Main floor has a large room that contains an open concept living room, dining room, and kitchen. Also on the main floor is a roomy bathroom with a shower. Up stairs are 2 bedrooms--access to the master is through the guest bedroom. Down at the lakeshore is a very cool 15' x 11' gazebo that is very close to the water, and features massive beams in the ceiling, and windows all around! Great place to enjoy right by the lake!!. Nice dock for your boat. Cabin has in-floor hot water heat. The boiler is not installed yet-but is included in the asking price, and seller will install prior to closing. Lake water system. Newer septic system with mound sized for 3 bedrooms. Great cabin on a great lake!!

Single-familyProperty Type

2006Year Built

0.68 acresLot Size

$470Est. Price/Sq.Ft.

3 spacesParking

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

Redfin checked: a minute ago

•Source:LSAR as distributed by WIREX #6091474

Redfin Estimate

$402,162

$143K since sold in September 2020$2,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 57.9% higher than the average sale price ($255K) of 6 comparable homes.

SOLD OCT 1, 2026
$418,000
A
2 beds2 baths— sq ft
2734 Bear Island River Rd, Ely, MN 55731
SOLD AUG 27, 2026
$135,000
B
2 beds1 bath— sq ft
61 Birch Blvd, Babbitt, MN 55706
SOLD JUL 29, 2026
$610,000
C
2 beds2 baths— sq ft
1787 N Bay Rd, Ely, MN 55731
SOLD JUL 28, 2026
$187,000
D
2 beds1 bath656 sq ft
8433 Timber Bay Rd, Babbitt, MN 55706
SOLD AUG 14, 2026
$30,000
E
1 bed2 baths— sq ft
28 Hemlock Cir, Babbitt, MN 55706
SOLD SEP 21, 2026
$148,500
F
2 beds2 baths1,368 sq ft
48 Elm Blvd, Babbitt, MN 55706

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Refinance

Est. cash available

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Market trends in 55731, MN

Last updated September 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-list price

92.3%

1.6% MoM

Median sale price

$282K

$10K MoM

Avg. days on market

64d

2 days MoM

Recently sold homes

2 MoM

New listings for sale

NEW 20 HRS AGO
$93,500
4 beds3 baths2,462 sq ft
106 E Harvey St, Ely, MN 55731
NEW 25 HRS AGO
$695,000
1 bed— baths839 sq ft
3692 Mackie Rd, Ely, MN 55731
$229,000
3 beds1 bath1,008 sq ft
444 Fernberg Rd #12, Ely, MN 55731
$865,000
3 beds2 baths1,378 sq ft
825 Kawishiwi Trl, Ely, MN 55731
$384,000
3 beds1 bath1,400 sq ft
3547 Norway Ln, Ely, MN 55731
3D WALKTHROUGH
$445,000
2 beds1 bath930 sq ft
1450 Trygg Rd, Ely, MN 55731
3D WALKTHROUGH
$219,900
3 beds2 baths1,140 sq ft
11 E White St, Ely, MN 55731
3D WALKTHROUGH
$179,000
2 beds2 baths1,054 sq ft
931 E Harvey St, Ely, MN 55731
3D WALKTHROUGH
$459,000
5 beds3 baths2,600 sq ft
438 Buck View Rd, Ely, MN 55731
See all

Provided by Redfin

Sale history for 2724 Bear Island River Rd

Year

Property tax

Land + Additions

Assessment*

2026

$3,134 (+1.9%)

$143,500 + $150,100

$293,600

2025

$3,076 (+24.0%)

$143,500 + $150,100

$293,600

2024

$2,480 (+3.2%)

$115,600 + $119,800

$235,400

2023

$2,404 (−2.8%)

$105,100 + $103,800

$208,900

2022

$2,472 (+17.5%)

$99,900 + $92,100

$192,000

2021

$2,104 (+5.0%)

$91,200 + $67,300

$158,500

2020

$2,004 (−5.3%)

$91,200 + $67,300

$158,500

2019

$2,116 (+0.2%)

$100,800 + $69,000

$169,800

2018

$2,112 (−1.3%)

$100,800 + $69,000

$169,800

2017

$2,140 (+1.7%)

$96,700 + $74,700

$171,400

2016

$2,104 (+2.1%)

$96,700 + $74,700

$171,400

2014

$2,061 (−2.8%)

$96,700 + $74,700

$171,400

2013

$2,121

$100,800 + $78,200

$179,000

Tax history for 2724 Bear Island River Rd

Year

Property tax

Land + Additions

Assessment*

2026

$3,134 (+1.9%)

$143,500 + $150,100

$293,600

2025

$3,076 (+24.0%)

$143,500 + $150,100

$293,600

2024

$2,480 (+3.2%)

$115,600 + $119,800

$235,400

2023

$2,404 (−2.8%)

$105,100 + $103,800

$208,900

2022

$2,472 (+17.5%)

$99,900 + $92,100

$192,000

2021

$2,104 (+5.0%)

$91,200 + $67,300

$158,500

2020

$2,004 (−5.3%)

$91,200 + $67,300

$158,500

2019

$2,116 (+0.2%)

$100,800 + $69,000

$169,800

2018

$2,112 (−1.3%)

$100,800 + $69,000

$169,800

2017

$2,140 (+1.7%)

$96,700 + $74,700

$171,400

2016

$2,104 (+2.1%)

$96,700 + $74,700

$171,400

2014

$2,061 (−2.8%)

$96,700 + $74,700

$171,400

2013

$2,121

$100,800 + $78,200

$179,000

*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

29,604

Year renovated

2021

Sq. Ft.

856

Year built

2006

Style

Single Family Residential

County

St. Louis County

APN

625-0026-00620

Parking Spaces

Basement

Accessible

HOA Dues

—

Garage

Features

Views, Waterfront

Last updated by owner on Dec 27, 2021.

Property details

Parking

Parking/Garage Information
Parking Features: None

Interior

Bathroom Information
# of Three Quarter Bathrooms: 1

Heating & Cooling
Has Heating
Heating: Propane, Floor Furnace

Interior Features
Appliances: Cooktop, Refrigerator

Room Information
Basement Details: None

Exterior

Building Information
Above Grade Finished Area: 924
# of Stories Total: 1

Property Features
On Waterfront
Waterfront Features: Lake
Has View
Other Structures: Gazebo

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

Lot Information
Lot Features: Many Trees
Water Body Name: Bear Island
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Lot Size Dimensions: 275 x 120
Lot Size Acres: 0.68

Financial

Tax Information
Tax Annual Amount: $2,004

Utilities

Utility Information
Water Source: Private
Sewer: Private Sewer, Mound Septic

Location

Schools Information
High School District: Ely #696

Location Information
Directions: From Ely take 21 south to bear island river road, go right, go approx 5 miles to the "T" in the road, go right approx 1000 ft to driveway on the left

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 856
Stories: 1.5
Parking Spaces: 3
Basement: No
Accessible: No
Lot Size: 0.68 acres
Style: Single Family Residential
Year Built: 2006
Year Renovated: 2021
County: St. Louis County
APN: 625-0026-00620
HOA Dues: —
Garage: No
Features: Views, Waterfront

Home facts updated by owner on Dec 27, 2021

Around this home

Schools

Washington Elementary School

Public PreK-5 • Assigned • 9.7mi

6/10

Memorial Middle School

Public 6-8 • Assigned • 9.6mi

7/10

Memorial Secondary

Public 9-12 • Assigned • 9.6mi

9/10

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

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Is this your home?

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Home values near 2724 Bear Island River Rd

Data from public records.

Address	Redfin Estimate
2734 Bear Island River Road, Ely, MN 2 Beds \| 2 Baths \| - Sq. Ft.	$479,166
2758 Bear Island River Road, Ely, MN 3 Beds \| 2 Baths \| 1928 Sq. Ft.	$612,805

Address	Redfin Estimate
2708 Bear Island River Road, Ely, MN 3 Beds \| 2 Baths \| 1694 Sq. Ft.	$621,830
2756 Bear Island River Road, Ely, MN 3 Beds \| 3 Baths \| 1728 Sq. Ft.	$554,685

Address	Redfin Estimate
2702 Bear Island River Road, Ely, MN 3 Beds \| 2.5 Baths \| 3780 Sq. Ft.	$562,440
2742 Bear Island River Road, Ely, MN 4 Beds \| 4 Baths \| 3728 Sq. Ft.	$991,200

Property information provided by LSAR as distributed by WIREX when last listed in 2020. This data may not show owner updates. Learn more.

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