Luxury homes for sale & real estate in Ely, MN

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ABOUT THIS HOME
Luxury Home for sale in Ely, MN:
Embrace the beauty of lakeside living with this exceptional lake home on Burntside Lake in Ely, Minnesota. As the second owner of this meticulously crafted residence, you’ll enjoy 6 acres of serene landscape and 625 feet of lake shore, perfect for year-round enjoyment or weekend getaways. This charming home features three spacious bedrooms and two bathrooms plus an additional bonus room on the lower level. The open-concept living area and kitchen are highlighted by vaulted ceilings and large windows, offering breathtaking views of the expansive bay and Burntside Lake. Whether you’re relaxing indoors or entertaining on the deck, the stunning scenery is always on display. The main

$1,200,000

3 beds2 baths2,706 sq ft

2375 Viste Point Rd, Ely, MN 55731

Large windows • 6 acres of landscape • Walk-out basement

ABOUT THIS HOME
Luxury Home for sale in Ely, MN:
White Iron Lake, Ely, Minnesota - Custom built 5200 sq. ft. home with 320 feet of level lakeshore with a private boat launch. 8.7 acres of land. Both levels completed with quality materials. Features an open floor plan for the living, dining and kitchen. 4 bedrooms & 4 baths on the main floor. Walkout Lower level features a den/office, family room, full bath, sauna, pool/rec room Sleeps up to 19 people. Dual fuel heat. Tuck under garage + a 30 x 48 Morton Building. RV Hookup. Rollout dock. Access to the BWCAW. Being sold furnished.

$1,250,000

4 beds4 baths5,016 sq ft

1663 Saari Rd, Ely, MN 55731

Pool rec room • Open floor plan • Walkout lower level

3D WALKTHROUGH

ABOUT THIS HOME
Luxury Home for sale in Ely, MN:
Breathtaking panoramic views from this 4000 sq ft architecturally designed log home, situated on 13 acres with 986+/- ft of Farm Lake shoreline. The open living room features huge windows overlooking the lake, vaulted ceilings, wood floor, and a floor to ceiling woodburning flagstone fireplace. The main level primary bedroom ensuite has patio door access to the lakeside deck, bathroom including a jetted bathtub, double sink vanity, step in shower and walk in closet. The kitchen features counter seating, granite countertops, double oven, electric range, maple cabinets, and stainless appliances. Pine tongue & groove ceiling in the dining room with patio door access to the charming scree

$1,975,000

3 beds2.5 baths4,000 sq ft

693 Kawishiwi Trl, Ely, MN 55731

Electric sauna • Panoramic views • Custom stairways

ABOUT THIS HOME
Luxury Home for sale in Ely, MN:
Burntside Lake Retreat – 5.5 Acres with Sandy Shoreline in Highly Sought-After Ely, MN Location! Welcome to a truly rare opportunity on the legendary Burntside Lake, known for its crystal-clear waters, dramatic scenery, and exceptional recreational quality. This year-round Northwoods retreat is set on 5.5 acres with towering pines, privacy, and one of the most desirable sandy, west-facing shorelines on the lake—perfect for swimming, sunbathing, and unforgettable sunsets. The expansive 4,872 sq ft home is as unique as the setting itself, offering three separate yet connected living areas under one roof. Each section includes its own kitchen, bathroom, and living room, allowing fo

$1,095,000

4 beds3 baths4,872 sq ft

2445 Reed Rd, Ely, MN 55731

Dry guest cabin • Premier location • Towering pines

ABOUT THIS HOME
Luxury Home for sale in Ely, MN:
There is no other property on iconic Burntside Lake like this one! Welcome to Aurora Waters, a one of a kind, landmark home on a spectacular island! This is a magical property: 5 hand crafted cabins and 4 exotic Yurts spread through an enchanted, open forest of 20.9 acres with 2,140 feet of sunny, southern facing shoreline. Towering Norway pines and high granite bluffs offer shimmering island studded views across the vast, main body of the lake to the legendary Boundary Waters Wilderness, world famous for canoe trips. Catch giant lake trout in the 120’ clear, spring fed depths in front of your dock, and sauna and swim under the shimmer of the Northern Lights. Bald eagles and deer abou

$1,585,000

4 beds4 baths2,146 sq ft

X Waters Is, Morse Township, MN 55731

1400ft shoreline • Exotic yurts • 15.6 acres

Property at 2928 Waters Island And Dock Van Vac Rd, Morse Township, MN 55731, 6 beds, 4 baths

$2,450,000

6 beds4 baths2,146 sq ft

2928 Waters Island And Dock Van Vac Rd, Morse Township, MN 55731

Property at 2713 Burntside Lk NE, Ely, MN 55731, 3 beds, 3 baths

$1,985,500

3 beds3 baths3,710 sq ft

2713 Burntside Lk NE, Ely, MN 55731

Property at 2928 Waters Is & Dock Van Vac Rd, Ely, MN 55731, 6 beds, 4 baths

$2,450,000

6 beds4 baths2,146 sq ft

2928 Waters Is & Dock Van Vac Rd, Ely, MN 55731

Property at XX Sellwood Rd, Fall Lake Township, MN 55731

$2,400,000

— beds— baths— sq ft

XX Sellwood Rd, Fall Lake Township, MN 55731

Property at TBD Waters Is, Ely, MN 55731

$945,000

— beds— baths— sq ft

TBD Waters Is, Ely, MN 55731

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ABOUT THIS HOME
Luxury Home for sale in Ely, MN:
Lake Vermilion – Year-Round Lake Home in Premier Location. Beautifully maintained 4-bedroom, 3-bath home (3 conforming bedrooms plus 1 non-conforming) on a level lot in a quiet, protected bay of Daisy Bay. Enjoy one of the most desirable settings on Lake Vermilion with stunning views and easy, level access to the water. This home features an open floor plan with a walk-out lower level, full-length lakeside deck, and large windows that fill the space with natural light. The main living area offers in-floor heat, two cozy fireplaces, and comfortable year-round living. Outside, relax in your private sauna house after a day on the lake, or enjoy the peaceful views from the spacious deck.

$925,000

4 beds3 baths2,998 sq ft

4281 End Of Trail Ln, Tower, MN 55790

Open floor plan • Level lot • Protected bay

ABOUT THIS HOME
Luxury Home for sale in Ely, MN:
A main home, 3 cabins, 4 camper sites with all utilities, an oversized garage and storage shed, 300+ feet of LAKESHORE, and SO MUCH MORE, you can’t miss this opportunity! The main home is a cute ranch home that boasts 3 bedrooms and 2 full baths, a large back deck with hot tub while overlooking the property! The 3 cabins are all cozy, each with their own unique features. This place is always ready for wonderful summer nights of get togethers with friends and family! And beautiful in every season! Sitting on any of the 4 decks will give you the perfect sunset over Lake Vermilion that you’ve been dreaming of! Along with an abundance of things to do from watersports, boating, fanta

$1,400,000

3 beds2 baths1,344 sq ft

2001 A&B Bayview Rd, Tower, MN 55790

Large back deck • 4 decks • Hot tub

3D WALKTHROUGH

ABOUT THIS HOME
Luxury Home for sale in Ely, MN:
A Rare Luxury Retreat at the End of the Gunflint Trail and Lakeside Living on Pristine Gull Lake! Welcome to an extraordinary opportunity to own a true Northwoods sanctuary at the edge of the Boundary Waters Canoe Area Wilderness. Set on the crystal-clear shores of Gull Lake—one of Minnesota’s most secluded and unspoiled lakes—this stunning four-bedroom, three-bath home sits on approximately five acres with 467 feet of private frontage, offering unmatched tranquility, world-class fishing, and timeless natural beauty. Very little private property exists on Gull Lake, making this a truly rare find. This property offers the perfect blend of wilderness adventure and refined l

$1,399,000

4 beds3 baths2,928 sq ft

185 Sag Lake Trl, Grand Marais, MN 55604

Gourmet kitchen • Panoramic lake views • Sun-drenched deck

VIDEO TOUR

ABOUT THIS HOME
Luxury Home for sale in Ely, MN:
What an opportunity to own a piece of history on McDougal Lake. This expansive property was a turn of the century logging camp until the 1930’s when it was converted into a CCC Camp with many of the buildings still from that era. After that, Camp Buckskin operated for nearly 60 years as a youth camp. +-150 acres of land, +-2,600’ of shoreline on McDougal Lake, +-3,000’ on the Stony River and another +-3,200’ of channel frontage. There are 34 buildings and an amazing 60,000 square feet of space. The 15,800 sq. ft. dining hall could be converted into a year-round home that sleeps your entire extended family. A few changes to the 3-story office building and you could ho

$2,700,000

33 beds13 baths46,943 sq ft

9830a Fredrickson Rd, Isabella, MN 55607

2600 of shoreline • 150 acres of land • Expansive property

3D WALKTHROUGH

ABOUT THIS HOME
Luxury Home for sale in Ely, MN:
Lake Vermilion Home. South-Facing On Everett Bay Just Off South Shore of Big Bay, Offers 3+ Lakefront BRs, 3 BA, 3 Stall Garage W/ Yr Rnd Guest Home Above, Boathouse W/ Rail, 2 Docks, 1.3 Acres & 200 ft Excellent Swimming Shore! Great rm w/ two story windows, massive wd burning firepl, two glass drs open to wrap around lakefront deck & gazebo. Stainless kitch w/ island open to great rm, dining & blue water vistas. Lakeside main flr primary ste. Lakeside main flr guest BR. Main flr office & laundry. Downstairs lakeview rec rm, lakeside guest BR & sauna, bth. A/C. Drilled well. Backup generator. Good internet. Please review features sheet & click link for 3

$1,975,000

3 beds3 baths3,394 sq ft

1880 Everett Rd S, Tower, MN 55790

Lakefront • Stainless kitch • Lake vermilion home

ABOUT THIS HOME
Luxury Home for sale in Ely, MN:
Beautiful Off-Grid Retreat – Self-Sufficient Living in Total Privacy Discover a rare opportunity to own a fully self-contained off-grid retreat designed for sustainable living, comfort, and seclusion. This exceptional property features a highly efficient home paired with quality-built outbuildings, offering everything you need to live independently and in harmony with nature. Energy Independence – A robust solar array powers the home and buildings, ensuring reliable, renewable energy year-round. Backup systems in place for added peace of mind. Thoughtfully Designed Home – The main residence is cozy and efficient, constructed with premium materials and craftsmanship. I

$939,000

1 bed1 bath1,200 sq ft

5876 Meander Lake Rd, Orr, MN 55771

Organic garden beds • Off-grid retreat • Energy independence

Property at 163 Pancore Lake Rd, Tofte, MN 55615

$2,000,000

— beds— baths— sq ft

163 Pancore Lake Rd, Tofte, MN 55615

Based on information submitted to the MLS GRID as of Sat Nov 29 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Luxury Homes for Sale in Ely

There are currently 10 luxury homes for sale in Ely at a median listing price of $205K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Ely stay on the market for 70 days. This map is refreshed with the newest listings in Ely every 15 minutes.

In the past month, 6 homes have been sold in Ely. In addition to houses in Ely, there were also 0 condos, 2 townhouses, and 1 multi-family unit for sale in Ely last month. Find your dream home in Ely using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Ely are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Ely. Our Ely real estate stats and trends will give you more information about home buying and selling trends in Ely. If you're looking to sell your home in the Ely area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Ely with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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