SOLD OCT 1, 2026

Sold on oct 2026

$418,000

•

—

sq ft

2734 Bear Island River Rd, Ely, MN 55731

Track this home’s value and nearby sales activity

About this home

Stop the scroll—this is the lake place you’ve been waiting for! With 266 feet of prime shoreline, this one-level 2+ bedroom, 2 bath cabin is perched perfectly for sweeping island views, southwest exposure, and jaw-dropping sunsets over Bear Island Lake. Inside, enjoy a bright, eat-in kitchen where you can watch the lake sparkle while you dine, plus comfortable bedrooms and two baths with plenty of room for everyone. The living is easy with everything on one level. Outside, you’ll find a 22x26 detached garage, shed for gear, and outdoor spaces that make lake living a dream. Imagine evenings on the shore, campfires with friends, and mornings where the only sound is the call of a loon. Lovingly held as a long-time family cabin, this retreat is now ready for new memories. Whether you’re looking for weekends of relaxation or a forever place by the water, this property delivers all the Up North vibes. Don’t miss this rare opportunity to claim your spot on Bear Island Lake!

Single-familyProperty Type

1972Year Built

0.97 acresLot Size

2 car garageParking

Listed by Andrea Zupancich • Z'Up North Realty, Inc.

Redfin checked: 3 minutes ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #7046331

Redfin Estimate

$488,320

$70K since sold in October 2026$2,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 313% higher than the average sale price ($118K) of 6 comparable homes.

SOLD AUG 27, 2026
$135,000
A
2 beds1 bath— sq ft
61 Birch Blvd, Babbitt, MN 55706
SOLD SEP 21, 2026
$148,500
B
2 beds2 baths1,368 sq ft
48 Elm Blvd, Babbitt, MN 55706
SOLD JUN 22, 2026
$108,000
C
2 beds2 baths— sq ft
50 Beech Ct, Babbitt, MN 55706
SOLD JUL 27, 2026
$210,000
D
2 beds1 bath1,215 sq ft
13464 Chestnut Dr, Ely, MN 55731
SOLD AUG 14, 2026
$30,000
E
1 bed2 baths— sq ft
28 Hemlock Cir, Babbitt, MN 55706
SOLD JUL 20, 2026
$78,000
F
3 beds1 bath1,056 sq ft
14 Dogwood Blvd, Babbitt, MN 55706

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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

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Rental estimate

Est. $1,557 per month, based on comparable rentals

Sale and tax history for 2734 Bear Island River Rd

Sale History
Tax History

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #7046331

Oct 1, 2026

Sold

$418,000

Sep 13, 2026

Pending

—

Aug 27, 2026

Contingent

—

Jul 29, 2026

Price Changed

$475,000

Mar 31, 2026

Listed

$599,000

RAOR #149639

Sep 30, 2026

Sold

$418,000

Sep 7, 2026

Relisted

—

Sep 7, 2026

Pending

—

Jul 29, 2026

Price Changed

$475,000

Mar 20, 2026

Listed

$599,000

+28

LSAR as distributed by WIREX #6124119

Sep 30, 2026

Sold

$418,000

Sep 13, 2026

Pending

—

Aug 3, 2026

Price Changed

$475,000

Mar 20, 2026

Listed

$599,000

+33

NORTHSTARMLS as Distributed by MLS Grid #6800026

Dec 26, 2025

Listing Removed

—

Oct 6, 2025

Listed

$695,000

Year

Property tax

Land + Additions

Assessment*

2026

$4,850 (−18.1%)

$275,400 + $181,200

$456,600

2025

$5,924 (+24.7%)

$275,400 + $181,200

$456,600

2024

$4,750 (+2.6%)

$221,600 + $144,700

$366,300

2023

$4,630 (−3.9%)

$201,400 + $125,400

$326,800

2022

$4,820 (+31.8%)

$191,300 + $116,700

$308,000

2021

$3,658 (+4.6%)

$174,500 + $101,400

$275,900

2020

$3,498 (−6.1%)

$174,500 + $101,400

$275,900

2019

$3,724

$193,000 + $104,000

$297,000

2018

$3,722 (−5.1%)

$193,100 + $104,000

$297,100

2017

$3,924 (+14.9%)

$197,300 + $114,900

$312,200

2016

$3,414 (+3.3%)

$191,100 + $106,700

$297,800

2014

$3,305 (−1.3%)

$191,100 + $106,700

$297,800

2013

$3,348

$200,200 + $106,700

$306,900

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.97 Acres

Year renovated

—

Sq. Ft.

864

Year built

1972

Style

Single Family Residential

County

St. Louis County

APN

625-0026-00650

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 7, 2026.

Property details

Parking

Parking Information
Garage Spaces: 2
Garage Dimensions: 26 x 22
Garage Sq. Ft.: 572

Interior

Virtual Tour

Bedroom Information
# of Bedrooms: 2

Bathroom Information
# of Full Baths (Total): 1
# of Quarter Baths (Total): 1
Description: Main Floor Full Bath

Room 1 Information
Room Type: Den
Room Dimensions: 8 x 8
Room Level: Main

Room 2 Information
Room Type: Bedroom
Room Dimensions: 12 x 8
Room Level: Main

Room 3 Information
Room Type: Kitchen
Room Dimensions: 12 x 12
Room Level: Main

Room 4 Information
Room Type: Living Room
Room Dimensions: 12 x 28
Room Level: Main

Room 5 Information
Room Type: Bedroom 2
Room Dimensions: 15 x 14
Room Level: Main

Basement Information
Basement Features: None

Other Rooms Information
All Living Facilities on One Level

Fireplace Information
Has Fireplace
# of Fireplaces: 1
Fireplace Features: Gas

Heating & Cooling
Heating Information: Baseboard
Cooling Information: None

Interior Features
Appliances: Range, Refrigerator

Exterior

Building Information
Construction Materials: Frame
Foundation Area: 1,172
Roof: Asphalt

Exterior Features
Patio Porch Type: Deck
Exterior Features: Wood

Waterfront Information
On Waterfront
Waterfront Features: Lake Front
Waterfront Feet: 266
Road Between Waterfront And Home Y/N: N

Property Information
Above Ground Total Sq. Ft.: 1,172
FractionalOwnershipYN: No
Property Type: Residential
Other Structures: Storage Shed
Above Grade Finished Area: 1,172

Lot Information
Lot Size Area: 0.97
Lot Size Units: Acres
Lot Size Dimensions: 315.00 x 242.00

Financial

Assessment Information
Other Annual Assessment Amount: $85

Tax Information
Tax Annual Amount: $4,765
Tax Year: 2026
Tax With Assessments: $4,850

Utilities

Utility Information
Water Source: Drilled
Electric: 100 Amp Service
Sewer: Private Sewer
Fuel: Propane

Location

School Information
High School District: Ely
School District Number: 696
School District Phone: 2183656166

Location Information
Directions: Hwy 21 to Bear Island River Road, stay to the right at the T and follow to address on the left.
Map Coordinate: 999-A1

Public facts

Beds: 1
Baths: 1.0
Sq. Ft.: 864
Stories: 1.0
Lot Size: 0.97 acres
Style: Single Family Residential
Year Built: 1972
Year Renovated: —
County: St. Louis County
APN: 625-0026-00650

Home facts updated by county records on Aug 7, 2026

Other

Home Information
Living Area: 1172
Living Area Units: Square Feet
Main Level Finished Area: 1172
Building Area Total: 1172
Foundation Details: Slab
Foundation Dimensions: 24 x 36
Levels: One

Around this home

Schools

Washington Elementary School

Public PreK-5 • Assigned • 9.7mi

6/10

Memorial Middle School

Public 6-8 • Assigned • 9.7mi

7/10

Memorial Secondary

Public 9-12 • Assigned • 9.7mi

9/10

Provided by GreatSchools

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

99/ 100

Exceptional sunlight

Sunscore

This home ranks in the top 18% for direct sun exposure in Ely. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10.5 hrs

5.7 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 2734 Bear Island River Rd

Data from public records.

Address	Redfin Estimate
2746 Bear Island River Rd, Ely, MN 2 Beds \| - Baths \| 624 Sq. Ft.	—
2708 Bear Island River Rd, Ely, MN 3 Beds \| 2 Baths \| 1694 Sq. Ft.	$613,138

Address	Redfin Estimate
2738 Bear Island River Rd, Ely, MN 1 Beds \| - Baths \| 850 Sq. Ft.	—
2766 Bear Island River Rd, Ely, MN 2 Beds \| 1 Baths \| 1008 Sq. Ft.	$307,181

Address	Redfin Estimate
2724 Bear Island River Rd, Ely, MN 2 Beds \| 1 Baths \| 856 Sq. Ft.	$403,681
2770 Bear Island River Rd, Ely, MN 3 Beds \| 1 Baths \| 910 Sq. Ft.	—

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2026. This data may not match . Learn more.

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