OFF MARKET

Off Market Aug 2023 for $750K

$868,414

Est. refi paymentEst. refi $5,300/mo

•

—

sq ft

3845 Swanson Shores Rd, Ely, MN 55731

About this home

Private 3 BR, 3 BA log home on idyllic crystal-clear Eagles Nest Lake 3. The pine studded 1-acre lot is very gently sloped to the 200’ of level west facing shoreline. Main level features large main bedroom with en suite and laundry, an additional ¾ bath, kitchen combined with dining room, and a large living room with vaulted ceilings and exquisite stone wood-burning fireplace. The upper level provides additional sleeping space and features large closets and views of the lake. The finished walkout basement features a third bedroom, rec/family room with wood burning stove, laundry/utility room, a full bath and sauna. Multiple decks for enjoying the stunning Northwoods. Large 2-stall heated garage with multiple storage areas and a woodshed. Black top drive and beautiful landscaping with low maintenance in mind. Extremely quiet area with state park just across the road and located just 15 minutes to Ely or Tower with easy access to area trail systems.

Single-familyProperty Type

1990Year Built

1 acresLot Size

2 car garageParking

Listed by Jordan Riesgraf • Keller Williams Premier Realty Lake Minnetonka

Redfin checked: a few seconds ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #6269197

Redfin Estimate

$868,414

$118K since sold in August 2023$14K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 60.1% higher than the average sale price ($543K) of 6 comparable homes.

SOLD JUN 22, 2026
$420,000
A
3 beds3 baths1,532 sq ft
1859 Bobence Rd, Ely, MN 55731
SOLD MAY 21, 2026
$1,470,500
B
3 beds3 baths— sq ft
5743 Puncher Point Rd, Tower, MN 55790
SOLD MAY 29, 2026
$339,500
C
3 beds2 baths— sq ft
1224 Birch St N, Tower, MN 55790
SOLD FEB 19, 2026
$625,000
D
3 beds1.75 baths1,920 sq ft
5729 Puncher Point Rd, Tower, MN 55790
SOLD MAR 6, 2026
$170,500
E
3 beds3 baths— sq ft
410 S 2nd St, Tower, MN 55790
SOLD APR 10, 2026
$230,000
F
3 beds3 baths— sq ft
412 2nd St N, Tower, MN 55790

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Earn from this home

Refinance

Est. cash available

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Rent

$3,135/mo

Redfin rental estimate

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Market trends in 55731, MN

Last updated August 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

94.7%

0.3% MoM

Median sale price

$265K

$31K MoM

Avg. days on market

53d

0 days MoM

Recently sold homes

9 MoM

New listings for sale

NEW 12 HRS AGO
$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
$117,000
3 beds1 bath918 sq ft
31 E Harvey St, Ely, MN 55731
See all

Provided by Redfin

Sale history for 3845 Swanson Shores Rd

Date

Event

Price

LSAR #6105842

Aug 25, 2023

Sold

$750,000

Oct 4, 2022

Listed

$798,000

NORTHSTARMLS as Distributed by MLS Grid #6269197

Aug 25, 2023

Sold

$750,000

Jun 20, 2023

Price Changed

$798,000

Jun 1, 2023

Price Changed

$844,900

Oct 4, 2022

Listed

$899,900

Public Records

Jul 18, 2000

Sold

$336,000

Year

Property tax

Land + Additions

Assessment*

2026

$5,996 (+9.1%)

$211,100 + $440,300

$651,400

2025

$5,494 (+36.2%)

$222,400 + $403,800

$626,200

2024

$4,034 (−1.2%)

$172,400 + $272,100

$444,500

2023

$4,084 (+5.3%)

$172,400 + $259,000

$431,400

2022

$3,878 (+2.0%)

$169,988 + $183,101

$353,089

2021

$3,802 (−5.5%)

$169,988 + $183,101

$353,089

2020

$4,024 (+14.3%)

$169,988 + $183,101

$353,089

2019

$3,522 (−2.9%)

$154,826 + $178,752

$333,578

2018

$3,626 (+18.7%)

$154,826 + $178,752

$333,578

2017

$3,056 (−10.1%)

$137,001 + $153,522

$290,523

2016

$3,400 (−3.9%)

$152,800 + $171,300

$324,100

2014

$3,538 (+1.9%)

$150,200 + $198,200

$348,400

2013

$3,473

$150,200 + $198,200

$348,400

Tax history for 3845 Swanson Shores Rd

Year

Property tax

Land + Additions

Assessment*

2026

$5,996 (+9.1%)

$211,100 + $440,300

$651,400

2025

$5,494 (+36.2%)

$222,400 + $403,800

$626,200

2024

$4,034 (−1.2%)

$172,400 + $272,100

$444,500

2023

$4,084 (+5.3%)

$172,400 + $259,000

$431,400

2022

$3,878 (+2.0%)

$169,988 + $183,101

$353,089

2021

$3,802 (−5.5%)

$169,988 + $183,101

$353,089

2020

$4,024 (+14.3%)

$169,988 + $183,101

$353,089

2019

$3,522 (−2.9%)

$154,826 + $178,752

$333,578

2018

$3,626 (+18.7%)

$154,826 + $178,752

$333,578

2017

$3,056 (−10.1%)

$137,001 + $153,522

$290,523

2016

$3,400 (−3.9%)

$152,800 + $171,300

$324,100

2014

$3,538 (+1.9%)

$150,200 + $198,200

$348,400

2013

$3,473

$150,200 + $198,200

$348,400

*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

1.5

Lot width

—

Lot depth

—

Lot size

0.88 Acres

Year renovated

—

Sq. Ft.

1,478

Year built

1990

Style

Single Family Residential

County

St. Louis County

APN

317-0180-00290

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 7, 2026.

Property details

Parking

Parking Information
Parking Features: Detached
Garage Spaces: 2

Interior

Bedroom Information
# of Bedrooms: 3

Bathroom Information
# of Full Baths (Total): 1
# of Three Quarter Baths (Total): 1
# of Half Baths (Total): 1

Room 1 Information
Room Type: Bedroom 1
Room Dimensions: 18x13
Room Level: Main

Room 2 Information
Room Type: Kitchen
Room Dimensions: 17x15
Room Level: Main

Room 3 Information
Room Type: Laundry
Room Dimensions: 11x8
Room Level: Lower

Room 4 Information
Room Type: Living Room
Room Dimensions: 17x25
Room Level: Main

Room 5 Information
Room Type: Recreation Room
Room Dimensions: 17x17
Room Level: Lower

Room 6 Information
Room Type: Bedroom 2
Room Dimensions: 14x18
Room Level: Upper

Room 7 Information
Room Type: Sauna
Room Level: Lower

Room 8 Information
Room Type: Bedroom 3
Room Dimensions: 11x15
Room Level: Lower

Basement Information
Has Basement
Basement Features: Walkout

Other Rooms Information
Main Floor Bedroom,Main Floor Laundry

Fireplace Information
Has Fireplace
# of Fireplaces: 1
Fireplace Features: Living Room, Wood Burning

Heating & Cooling
Heating Information: Fireplace(s), Wood Stove
Cooling Information: None

Interior Features
Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Recreation Room, Laundry, Sauna
Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer

Exterior

Building Information
Construction Materials: Log
Foundation Area: 1,008

Waterfront Information
On Waterfront
Waterfront Features: Lake Front
Water Body Name: Eagles Nest #3
Waterfront Num: 69028503
Lake Acres: 1,027
Lake Bottom: Rocky,Sand
Lake Classification: Recreational Development
Lake Depth: 49
Waterfront Feet: 200

Property Information
Total Sq. Ft.: 2,643
Above Ground Total Sq. Ft.: 1,635
Below Ground Total Sq. Ft.: 1,008
FractionalOwnershipYN: No
Property Type: Residential
Property Sub Type: Single Family Residence
Property Sub Type Description: Log Home
Other Structures: Lean-To
Above Grade Finished Area: 1,635
Below Grade Finished Area: 1,008
Amenities: Hardwood Floors,Main Floor Primary Bedroom,Panoramic View,Sauna,Washer/Dryer Hookup

Lot Information
Lot Size Area: 1
Lot Size Units: Acres
Lot Size Dimensions: 200x250
Road Responsibility: Public Maintained Road

Financial

Assessment Information
Other Annual Assessment Amount: $85

Tax Information
Tax Annual Amount: $3,878
Tax Year: 2022
Tax With Assessments: $3,963

Lease / Rent Details
RentalLicense Y/N: No

Utilities

Utility Information
Water Source: Well
Sewer: Tank with Drainage Field
Fuel: Electric,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 169 N from Ely, left on Bear Head State Park Rd, Right on Walsh Rd, Follow to Swanson Shores Rd and continue to address
Map Coordinate: 999-A1

Public facts

Beds: 3
Baths: 3.0
Sq. Ft.: 1,478
Stories: 1.5
Lot Size: 0.88 acres
Style: Single Family Residential
Year Built: 1990
Year Renovated: —
County: St. Louis County
APN: 317-0180-00290

Home facts updated by county records on Aug 7, 2026

Other

Home Information
Living Area: 2643
Main Level Finished Area: 1635.0000
Age Of Property: 34
Levels: One and One Half

Around this home

Schools

Tower-Soudan Elementary School

Public PreK-6 • Assigned • 8.3mi

5/10

Northeast Range Secondary

Public 7-12 • Assigned • 9.6mi

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

0.15% 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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New listings for sale in 55731

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Home values near 3845 Swanson Shores Rd

Data from public records.

Address	Redfin Estimate
3857 Swanson Shores Rd, Ely, MN 2 Beds \| 2 Baths \| 720 Sq. Ft.	$387,527
3833 Swanson Shores Rd, Ely, MN 3 Beds \| 2 Baths \| 1408 Sq. Ft.	$420,939

Address	Redfin Estimate
3977 Swanson Shores Rd, Ely, MN 2 Beds \| 1 Baths \| 1190 Sq. Ft.	$459,860
3945 Swanson Shores Rd, Ely, MN 2 Beds \| 1 Baths \| 1492 Sq. Ft.	$691,790

Address	Redfin Estimate
3955 Swanson Shores Rd, Ely, MN 3 Beds \| 2 Baths \| 1680 Sq. Ft.	$722,619
3951 Swanson Shores Rd, Ely, MN 2 Beds \| 1 Baths \| 1314 Sq. Ft.	$418,578

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2022. This data may not match . Learn more.

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