OFF MARKET

Off Market Jul 2021 for $800K

$869,852

•

—

sq ft

3538 Wolf Lake Rd, Ely, MN 55731

About this home

Once in a lifetime opportunity to own your own private peninsula with 1175' of spectacular shoreline on Pristine Burntside Lake, undeniably one of the most beautiful lakes in the world. Set on 6.38 acres with beautiful mature pine, rock outcroppings, 2 points with amazing views, and a sandy swimming cove, it's like driving to your own private island. This property has been in the same family for generations and is on the market for the first time. The main home features 2 BRs, vaulted ceiling, gas log FP, and 2 enclosed porches, 1 with a wood- burning FP. You are instantly transported back in time when you enter the guest cabin which was hauled log by log from the BWCA and reassembled on site. Sauna, boathouse and 2+ stall garage complete this amazing property. Each structure is a stones throw away from waters edge. Make this property yours and enjoy the natural beauty and crystal waters of Burntside Lake.

Single-familyProperty Type

1930Year Built

6.38 acresLot Size

2 car garageParking

Listed by Sherry Anderson • Vermilion Land Office, Inc.

Redfin checked: 2 minutes ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #5725757

Redfin Estimate

$869,852

$70K since sold in July 2021$31K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 192.4% higher than the average sale price ($297K) of 6 comparable homes.

SOLD AUG 28, 2026
$872,250
A
1 bed1 bath693 sq ft
228 E White St, Ely, MN 55731
SOLD AUG 7, 2026
$164,000
B
3 beds1 bath— sq ft
13 Fourth Ave, Soudan, MN 55782
SOLD JUL 31, 2026
$130,000
C
3 beds1 bath— sq ft
1530 N 20th Ave E, Ely, MN 55731
SOLD MAY 4, 2026
$234,000
D
3 beds1 bath1,160 sq ft
1239 E Washington St, Ely, MN 55731
SOLD JUN 30, 2026
$272,500
E
1 bed1 bath1,160 sq ft
1475 Echo Trl, Ely, MN 55731
SOLD MAY 11, 2026
$112,000
F
2 beds1 bath1,250 sq ft
1135 E Harvey St, Ely, MN 55731

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

Earn from this home

Rent

$4,141/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 28 HRS AGO
$175,000
1 bed— baths290 sq ft
4704 Highway 169, Ely, MN 55731
$317,000
2 beds— baths1,282 sq ft
651 Fernberg Rd, Ely, MN 55731
$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
See all

Provided by Redfin

Sale history for 3538 Wolf Lake Rd

Date

Event

Price

RAOR #140920

Jun 15, 2021

Sold

$800,000

Mar 15, 2021

Listed

$899,900

+30

NORTHSTARMLS as Distributed by MLS Grid #5725757

Jul 15, 2021

Sold

$800,000

May 7, 2021

Pending

—

Apr 7, 2021

Price Changed

$899,900

Mar 15, 2021

Listed

$950,000

LSAR as distributed by WIREX #6095328

Jul 15, 2021

Sold

$800,000

Mar 15, 2021

Listed

$899,900

+30

Year

Property tax

Land + Additions

Assessment*

2026

$24,610 (+43.1%)

$1,028,600 + $1,045,700

$2,074,300

2025

$17,198 (+30.4%)

$895,500 + $680,000

$1,575,500

2024

$13,188 (+34.4%)

$844,800 + $334,800

$1,179,600

2023

$9,812 (+53.5%)

$692,400 + $157,100

$849,500

2022

$6,392 (−0.2%)

$456,700 + $95,200

$551,900

2021

$6,404 (−1.2%)

$456,700 + $95,200

$551,900

2020

$6,482 (+4.5%)

$456,700 + $95,200

$551,900

2019

$6,200 (−1.3%)

$465,600 + $79,200

$544,800

2018

$6,280 (−0.6%)

$465,600 + $79,200

$544,800

2017

$6,316 (−3.8%)

$465,600 + $79,200

$544,800

2016

$6,564 (+0.2%)

$489,800 + $76,800

$566,600

2014

$6,554 (−11.9%)

$516,400 + $69,900

$586,300

2013

$7,438

$602,800 + $66,700

$669,500

Tax history for 3538 Wolf Lake Rd

Year

Property tax

Land + Additions

Assessment*

2026

$24,610 (+43.1%)

$1,028,600 + $1,045,700

$2,074,300

2025

$17,198 (+30.4%)

$895,500 + $680,000

$1,575,500

2024

$13,188 (+34.4%)

$844,800 + $334,800

$1,179,600

2023

$9,812 (+53.5%)

$692,400 + $157,100

$849,500

2022

$6,392 (−0.2%)

$456,700 + $95,200

$551,900

2021

$6,404 (−1.2%)

$456,700 + $95,200

$551,900

2020

$6,482 (+4.5%)

$456,700 + $95,200

$551,900

2019

$6,200 (−1.3%)

$465,600 + $79,200

$544,800

2018

$6,280 (−0.6%)

$465,600 + $79,200

$544,800

2017

$6,316 (−3.8%)

$465,600 + $79,200

$544,800

2016

$6,564 (+0.2%)

$489,800 + $76,800

$566,600

2014

$6,554 (−11.9%)

$516,400 + $69,900

$586,300

2013

$7,438

$602,800 + $66,700

$669,500

*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

6.38 Acres

Year renovated

—

Sq. Ft.

2,598

Year built

2023

Style

Single Family Residential

County

St. Louis County

APN

652-0010-05525

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 7, 2026.

Property details

Parking

Parking Information
Parking Features: Detached, Gravel
Garage Spaces: 2
Garage Dimensions: 20x30
Garage Sq. Ft.: 600

Interior

Bedroom Information
# of Bedrooms: 2

Bathroom Information
# of Three Quarter Baths (Total): 1
Description: Main Floor 3/4 Bath

Room 1 Information
Room Type: Bedroom 1
Room Dimensions: 9x10
Room Level: Main

Room 2 Information
Room Type: Kitchen
Room Dimensions: 9x20
Room Level: Main

Room 3 Information
Room Type: Living Room
Room Dimensions: 11x14
Room Level: Main

Room 4 Information
Room Dimensions: 5x13
Room Level: Main

Room 5 Information
Room Type: Bedroom 2
Room Dimensions: 13x15
Room Level: Main

Basement Information
Basement Features: Crawl Space

Dining Room Information
Dining Room Features: Eat In Kitchen,Kitchen/Dining Room

Other Rooms Information
All Living Facilities on One Level

Fireplace Information
Has Fireplace
# of Fireplaces: 2
Fireplace Features: Gas, Wood Burning

Heating & Cooling
Heating Information: Forced Air, Fireplace(s)
Cooling Information: None

Interior Features
Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2, Porch
Appliances: Exhaust Fan, Microwave, Range, Refrigerator

Exterior

Building Information
Construction Materials: Wood Siding
Foundation Area: 749
Roof: Metal

Waterfront Information
On Waterfront
Waterfront Features: Lake Front
Water Body Name: Burntside
Waterfront Num: 69011800
Lake Acres: 7,313
Lake Bottom: Sand
Lake Classification: Recreational Development
Lake Depth: 126
Waterfront Feet: 1175
Road Between Waterfront And Home Y/N: No

Property Information
Total Sq. Ft.: 749
Above Ground Total Sq. Ft.: 749
FractionalOwnershipYN: No
Property Type: Residential
Property Sub Type: Single Family Residence
Other Structures: Boat House, Guest House, Sauna
Accessibility Features: Wheelchair Ramp(s)
Above Grade Finished Area: 749

Lot Information
Lot Features: Island/Peninsula, Tree Coverage - Medium
Lot Size Area: 6.38
Lot Size Units: Acres
Lot Size Dimensions: 875x279
Road Frontage Type: County Road
Road Responsibility: Public Maintained Road

Financial

Assessment Information
Other Annual Assessment Amount: $85

Tax Information
Tax Annual Amount: $6,319
Tax Year: 2021
Tax With Assessments: $6,404

Lease / Rent Details
RentalLicense Y/N: No

Utilities

Utility Information
Water Source: Lake Water
Sewer: Private Sewer
Fuel: Propane,Wood

Location

School Information
High School District: St. Louis County
School District Number: 2142
School District Phone: 218-749-8130

Location Information
Directions: Hwy 53 North to Hwy 169 North. From Tower-Soudan continue North to Wolf Lake Road to FN.
Map Coordinate: 999-A1

Public facts

Beds: 4
Baths: 4.0
Sq. Ft.: 2,598
Stories: 1.0
Lot Size: 6.38 acres
Style: Single Family Residential
Year Built: 2023
Year Renovated: —
County: St. Louis County
APN: 652-0010-05525

Home facts updated by county records on Aug 7, 2026

Other

Home Information
Living Area: 749
Main Level Finished Area: 749.0000
Age Of Property: 92
Levels: One

Around this home

Schools

Tower-Soudan Elementary School

Public PreK-6 • Assigned • 11.8mi

5/10

Northeast Range Secondary

Public 7-12 • Assigned • 13.7mi

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

3/10 Fire Factor

0.31% 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 8.4 hours in June and 2.6 hours in December, placing it below the U.S. average for solar exposure.

8.4 hrs

2.6 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 3538 Wolf Lake Rd

Data from public records.

Address	Redfin Estimate
3518 Wolf Lake Rd, Ely, MN 4 Beds \| 3 Baths \| 2020 Sq. Ft.	$2,359,940
2444 Clark Lake Rd, Ely, MN 4 Beds \| 3 Baths \| 1688 Sq. Ft.	$853,758

Address	Redfin Estimate
3393 Wolf Lake Rd, Ely, MN 1 Beds \| - Baths \| - Sq. Ft.	$230,750
2334 Clark Lake Rd, Ely, MN 3 Beds \| 2 Baths \| 1344 Sq. Ft.	—

Address	Redfin Estimate
3551 Wolf Lake Rd, Ely, MN 4 Beds \| 3 Baths \| 1688 Sq. Ft.	$505,121
2342 Clark Lake Rd, Ely, MN 3 Beds \| 2 Baths \| 928 Sq. Ft.	$560,441

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2021. This data may not match . Learn more.

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