OFF MARKET

Off market sep 2021 for $510K

$514,525

Est. refi paymentEst. refi $3,525/mo

•

1,296

sq ft

2732 Bear Island River Rd, Ely, MN 55731

About this home

Private Bear Island Lake home nestled among the pines with 130 ft of swimming shoreline located 15 mins south of Ely. Built in 2006, 1296 sq ft, 3 bedroom/1 bath cedar sided home’s Great Room features walls of windows with phenomenal lake views, tongue & groove walls & vaulted ceilings, propane fireplace, ceramic flooring, open kitchen concept with large island, all new appliances & so much more! Behind double doors, the Master continues with the vaulted ceilings & lake views. Two additional bedrooms, den, full bath & laundry finish off the floorplan. In-floor heat, septic & drilled well. Outdoor spaces include lake side deck & stone patio; then a soft slope to level lakeshore with a firepit where you will be mesmerized by haunting cry of loons & spectacular dance of northern lights!

Single-familyProperty Type

2006Year Built

0.66 acresLot Size

$397Est. Price/Sq.Ft.

Bought with Nonmember NONMEMBER • Nonmember Office

Redfin checked: a few seconds ago

•Source:LSAR as distributed by WIREX #6099119

Redfin Estimate

$514,525

$4,525 since sold in September 2021$1,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 57.6% higher than the average sale price ($326K) of 6 comparable homes.

SOLD AUG 27, 2026
$135,000
A
2 beds1 bath— sq ft
61 Birch Blvd, Babbitt, MN 55706
SOLD SEP 25, 2026
$850,000
B
3 beds1 bath1,560 sq ft
3003 Burntside Ridge Rd, Ely, MN 55731
SOLD SEP 21, 2026
$148,500
C
2 beds2 baths1,368 sq ft
48 Elm Blvd, Babbitt, MN 55706
SOLD AUG 19, 2026
$136,900
D
3 beds2 baths— sq ft
47 Birch Blvd, Babbitt, MN 55706
SOLD JUL 20, 2026
$78,000
E
3 beds1 bath1,056 sq ft
14 Dogwood Blvd, Babbitt, MN 55706
SOLD JUL 29, 2026
$610,000
F
2 beds2 baths— sq ft
1787 N Bay Rd, Ely, MN 55731

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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

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

$675,000
2 beds1 bath960 sq ft
2166 Passi Rd, Ely, MN 55731
$585,000
2 beds2 baths1,775 sq ft
1877 Echo Trl, Ely, MN 55731
$390,000
4 beds2 baths1,400 sq ft
000 Fernberg Rd, Fall Lake Township, MN 55731
3D WALKTHROUGH
$674,000
4 beds2 baths2,720 sq ft
139 Fernberg Rd, Ely, MN 55731
$169,000
3 beds1 bath1,087 sq ft
34 N Klondike Dr, Ely, MN 55731
3D WALKTHROUGH
$450,000
2 beds2 baths1,260 sq ft
1875 Echo Trl, Ely, MN 55731
$429,900
2 beds1 bath998 sq ft
2793 Wolf Track Trl, Ely, MN 55731
3D WALKTHROUGH
$329,000
3 beds1.5 baths2,313 sq ft
1298 Heather St, Ely, MN 55731
See all

Provided by Redfin

Sale history for 2732 Bear Island River Rd

Date

Event

Price

RAOR #142165

Sep 30, 2021

Sold

$510,000

$394/sq ft

Aug 18, 2021

Listed

$469,900

$363/sq ft

Private Bear Island Lake home nestled among the pines with 130 ft of swimming shoreline located 15 mins south of Ely. Built in 2006, 1296 sq ft, 3 bedroom/1 bath cedar sided home’s Great Room features walls of windows with phenomenal lake views, tongue & groove walls & vaulted ceilings, propane fireplace, ceramic flooring, open kitchen concept with large island, all new appliances & so much more! Behind double doors, the Master continues with the vaulted ceilings & lake views. Two additional bedrooms, den, full bath & laundry finish off the floorplan. In-floor heat, septic & drilled well. Outdoor spaces include lake side deck & stone patio; then a soft slope to level lakeshore with a firepit where you will be mesmerized by cry of loons & spectacular dance of northern lights!

LSAR as distributed by WIREX #6099119

Sep 30, 2021

Sold

$510,000

$394/sq ft

Aug 18, 2021

Listed

$469,900

$363/sq ft

RAOR #121167

Oct 16, 2013

Sold

$285,000

$220/sq ft

May 1, 2013

Listed

$339,000

$262/sq ft

Bear Island Lake yr round 3BR with an additional 3 acre back lot. Lots of features included in this one; Drilled well, cedar siding, in-floor heat off peak heating, ceramic tile floors and custom birch kitchen cabinetry, comes completely furnished and included is the FLOE dock and boat lift! Open floor plan overlooking the lake, 113' ft of sandy shoreline and hard to find, big open water views! recently REDUCED!

NORTHSTARMLS as Distributed by MLS Grid #MAM6000818

May 1, 2013

Listed

$339,000

$262/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$4,654 (+1.9%)

$173,100 + $264,800

$437,900

2025

$4,568 (+23.9%)

$173,100 + $264,800

$437,900

2024

$3,686 (+3.3%)

$140,200 + $211,400

$351,600

2023

$3,568 (+7.7%)

$127,900 + $183,200

$311,100

2022

$3,314 (+8.7%)

$121,700 + $136,000

$257,700

2021

$3,048 (+4.7%)

$111,400 + $118,300

$229,700

2020

$2,910 (−4.7%)

$111,400 + $118,300

$229,700

2019

$3,054 (+0.1%)

$122,700 + $121,200

$243,900

2018

$3,050 (−2.1%)

$122,700 + $121,200

$243,900

2017

$3,116 (+1.0%)

$121,600 + $126,800

$248,400

2016

$3,084 (+2.0%)

$121,600 + $126,800

$248,400

2014

$3,024 (−2.0%)

$121,600 + $126,800

$248,400

2013

$3,085

$126,800 + $130,500

$257,300

Tax history for 2732 Bear Island River Rd

Year

Property tax

Land + Additions

Assessment*

2026

$4,654 (+1.9%)

$173,100 + $264,800

$437,900

2025

$4,568 (+23.9%)

$173,100 + $264,800

$437,900

2024

$3,686 (+3.3%)

$140,200 + $211,400

$351,600

2023

$3,568 (+7.7%)

$127,900 + $183,200

$311,100

2022

$3,314 (+8.7%)

$121,700 + $136,000

$257,700

2021

$3,048 (+4.7%)

$111,400 + $118,300

$229,700

2020

$2,910 (−4.7%)

$111,400 + $118,300

$229,700

2019

$3,054 (+0.1%)

$122,700 + $121,200

$243,900

2018

$3,050 (−2.1%)

$122,700 + $121,200

$243,900

2017

$3,116 (+1.0%)

$121,600 + $126,800

$248,400

2016

$3,084 (+2.0%)

$121,600 + $126,800

$248,400

2014

$3,024 (−2.0%)

$121,600 + $126,800

$248,400

2013

$3,085

$126,800 + $130,500

$257,300

*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

0.55 Acres

Year renovated

—

Sq. Ft.

1,296

Year built

2006

Style

Other

County

St. Louis County

APN

625-0026-00640

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 15, 2026.

Property details

Parking

Parking/Garage Information
Parking Features: Gravel, None

Interior

Bathroom Information
# of Full Bathrooms: 1

Heating & Cooling
Has Heating
Heating: Fireplace(s), Propane, Floor Furnace

Interior Features
Interior Features: Ceiling Fan(s), Kitchen Island, Natural Woodwork, Vaulted Ceiling(s), Breakfast Bar, Master Downstairs
Window Features: ENERGY STAR Qualified Windows
Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Flooring: Tile
Has Fireplace
# of Fireplaces: 1
Fireplace Features: Gas

Room Information
Laundry Features: Main Level

Exterior

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

Building Information
Above Grade Finished Area: 1,296
# of Stories Total: 1
Foundation Details: Slab

Property Features
On Waterfront
Waterfront Features: Lake
Has View
Accessibility Features: Accessible Approach with Ramp
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: Cul-De-Sac, Many Trees, Level
Water Body Name: Bear Island
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Road Frontage Type: County Road
Lot Size Dimensions: 113 x 220 x 123 x 267
Lot Size Acres: 0.66

Financial

Tax Information
Tax Annual Amount: $2,963

Utilities

Utility Information
Water Source: Well
Sewer: Mound Septic

Location

Schools Information
High School District: Ely #696

Location Information
Directions: From Ely, take Hwy 21 South approximately 6 miles, turn Right onto Bear Island River Rd, follow road approximately 3 miles to “T” intersection, turn Right, turn left at real estate sign to driveway.

Public facts

Beds: 3
Baths: 1.0
Sq. Ft.: 1,296
Stories: 1.0
Lot Size: 0.55 acres
Style: Other
Year Built: 2006
Year Renovated: —
County: St. Louis County
APN: 625-0026-00640

Home facts updated by county records on Jun 15, 2026

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?

Track this home’s value and nearby sales activity

Nearby similar homes

$585,000

2 beds2 baths1,775 sq ft

1877 Echo Trl, Ely, MN 55731

3D WALKTHROUGH

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3D WALKTHROUGH

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3D WALKTHROUGH

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New listings for sale in 55731

$675,000

2 beds1 bath960 sq ft

2166 Passi Rd, Ely, MN 55731

$585,000

2 beds2 baths1,775 sq ft

1877 Echo Trl, Ely, MN 55731

$390,000

4 beds2 baths1,400 sq ft

000 Fernberg Rd, Fall Lake Township, MN 55731

3D WALKTHROUGH

$674,000

4 beds2 baths2,720 sq ft

139 Fernberg Rd, Ely, MN 55731

$169,000

3 beds1 bath1,087 sq ft

34 N Klondike Dr, Ely, MN 55731

3D WALKTHROUGH

$450,000

2 beds2 baths1,260 sq ft

1875 Echo Trl, Ely, MN 55731

$429,900

2 beds1 bath998 sq ft

2793 Wolf Track Trl, Ely, MN 55731

3D WALKTHROUGH

$329,000

3 beds1.5 baths2,313 sq ft

1298 Heather St, Ely, MN 55731

Home values near 2732 Bear Island River Rd

Data from public records.

Address	Redfin Estimate
2734 Bear Island River Road, Ely, MN 2 Beds \| 2 Baths \| - Sq. Ft.	$488,320
2702 Bear Island River Road, Ely, MN 3 Beds \| 2.5 Baths \| 3780 Sq. Ft.	$574,646

Address	Redfin Estimate
2724 Bear Island River Road, Ely, MN 2 Beds \| 1 Baths \| 856 Sq. Ft.	$403,681
2758 Bear Island River Road, Ely, MN 3 Beds \| 2 Baths \| 1928 Sq. Ft.	$597,448

Address	Redfin Estimate
2708 Bear Island River Road, Ely, MN 3 Beds \| 2 Baths \| 1694 Sq. Ft.	$613,138
2756 Bear Island River Road, Ely, MN 3 Beds \| 3 Baths \| 1728 Sq. Ft.	$541,205

Property information provided by LSAR as distributed by WIREX when last listed in 2021. This data may not match . Learn more.

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