Ely Homes under $350,000

**Discover Ely, Minnesota: A Hidden Gem for Homebuyers**

Nestled in the heart of St. Louis County, Ely, Minnesota, is a charming city that captivates with its stunning natural beauty and vibrant community spirit. Known as the gateway to the Boundary Waters Canoe Area Wilderness, Ely offers outdoor enthusiasts a playground of pristine lakes, lush forests, and breathtaking landscapes. Whether you're an avid fisherman, a hiking enthusiast, or simply someone who enjoys the tranquility of nature, Ely has something for everyone.

Ely’s rich history as a mining town has evolved into a thriving hub for tourism and outdoor adventure. The city boasts a quaint downtown area filled with unique boutiques, cozy cafes, and local art galleries, creating a welcoming atmosphere for residents and visitors alike. With a strong sense of community and a variety of seasonal festivals, Ely offers a lifestyle that is both relaxed and engaging.

For homebuyers seeking affordable options, Ely presents an impressive selection of homes priced under $350,000. Whether you’re looking for a charming cabin, a cozy family home, or a modern townhouse, Ely’s real estate market has something to suit every taste and budget. These homes not only provide a great value but also offer the opportunity to live amidst the stunning natural beauty that defines this region.

Embrace the lifestyle that Ely has to offer. With its affordable housing options, rich community culture, and endless outdoor adventures, Ely, Minnesota, is the perfect place to call home. Come explore your future in this enchanting city!

Newest Ely Homes under $350,000

$175,000

ACTIVE Status ⋅ 1 Beds ⋅ 7138143 MLS ⋅ 290 SqFt.

This "one of a kind" recreational cabin is situated on 8+ wooded acres near Lake Vermilion. The cabin features a rustic "charm" with aged barn wood ceilings, tin accents and angled/sloped roof line and foundation. Cabin includes open kit/DR/LR area w/free standing wood fireplace, bedroom and small sleeping loft. Extras include 24x36 detached garage w/concrete floor (built in 2025), well (w/hand pump), electricity, woodshed and storage shed/privy. This property is in a great location as it is located between Tower & Ely, near Lake Vermilion State Park & Campground, Mesabi Bike Trail is across the road, minutes from the new OHV Campground and near other area lakes for year around recreation. Property adjoins hundreds of acres of public land. This property is ready for the next owner to start making great memories at now!

4704 Highway 169, Ely

Listing courtesy of BIC Realty.

$155,000

ACTIVE Status ⋅ 3 Beds ⋅ 1 Baths ⋅ 7107676 MLS ⋅ 1,238 SqFt.

Welcome to this charming 3 bedroom, 1 bath home in beautiful Ely, MN! Plenty of windows throughout provide natural light, and a cozy fireplace greets you after exploring the great outdoors. With an attached garage for all your northern activities, this house will serve you for years to come!

1111 E Camp Street, Ely

Listing courtesy of North Pine Realty.

$299,000

ACTIVE Status ⋅ 1 Beds ⋅ 1 Baths ⋅ 7099776 MLS ⋅ 800 SqFt.

Tucked away in a peaceful wooded setting on 4.6 acres just minutes outside of Ely, this one-of-a-kind A-frame built in 2023 is brimming with thoughtful craftsmanship. Every inch of this newly built 1 bed, 1 bath home has been intentionally designed, with each material carefully selected to tell a story. 800sq ft home showcases reclaimed and locally sourced materials creating a warm and inviting space nestled in the woods. A beautifully restored antique front door welcomes you inside where custom trim, concrete countertops, marble backsplash, and open kitchen shelving crafted from salvaged lumber from Rock Ridge Christian Camp in Ely. White oak flooring throughout as well as beautiful white oak beams in the cozy bedroom loft. In-floor heat and cozy wood burning stove made in Ireland. New septic and well. Plenty of room for growth! Whether you're searching for a full-time residence or weekend escape, this exceptional property offers privacy, artistry and an opportunity to unplug. This is more than a home; it's a story waiting for its next chapter!

1728 Maple St, Ely

Listing courtesy of eXp Realty.

$114,000

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7093046 MLS ⋅ 1,140 SqFt.

If you're searching for a unique escape that combines the charm of secluded living with the convenience of modern amenities, your search ends at this marvelous Ely property. Don't miss the opportunity to call this extraordinary place home. Tucked away under the Iconic Ely Water Tower, the gateway to Ely you'll find this hidden gem. 2 BR/1.5 BA home with hardwood floors, large eat in kitchen, and main floor laundry. Main floor boasts a large kitchen, expansive living room, office, and 1/4 bath. Upper-level features two bedrooms and a 3/4 bathroom. Large deck off the upper 20x11.5 bedroom! And let's not forget the massive 18 x 36 garage. Propane furnace too!!

355 W Harvey Street, Ely

Listing courtesy of Z'Up North Realty, Inc..

$118,999

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7088876 MLS ⋅ 762 SqFt.

This charming 3bedroom, 2 bath home in Ely offers comfortable living with a relaxed Northwoods feel. The main floor features an eat-in kitchen that flows into a spacious living room, plus a convenient half bath. Upstairs you’ll find three bedrooms and a full bath, giving everyone their own space. One of the highlights is the beautiful 4-season sunroom finished in warm knotty pine, perfect for morning coffee or watching the seasons change. Outside, a custom stone and cement patio creates a great spot for relaxing or entertaining. The basement includes an electric sauna for unwinding after a day outdoors. There’s also a 1 stall garage with extra room for tinkering or storage. Locationwise, you’re close to the Trezona Trail, Miners Lake, and Shagawa Lake, and just a short walk to downtown Ely for coffee or a bite to eat. It’s a practical, well-laid-out home in a convenient Ely location.

230 W Camp Street, Ely

Listing courtesy of Z'Up North Realty, Inc..

$189,000

ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 7086969 MLS ⋅ 1,042 SqFt.

37 E Boundary Street E, Ely

Listing courtesy of Z'Up North Realty, Inc..

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