Ely Homes under $750,000

Welcome to Ely, Minnesota – a hidden gem nestled in the heart of the North Woods! Known for its breathtaking natural beauty and vibrant outdoor lifestyle, Ely is a charming small town that offers a unique blend of adventure and tranquility. With its stunning lakes, lush forests, and access to the Boundary Waters Canoe Area Wilderness, Ely is a paradise for nature lovers, outdoor enthusiasts, and anyone seeking a serene escape from the hustle and bustle of city life.

Ely boasts a rich history and a welcoming community spirit that makes it an ideal place to call home. The town is dotted with quaint shops, delightful cafes, and art galleries that reflect the local culture and creativity. Whether you’re exploring the numerous hiking trails, fishing in crystal-clear waters, or enjoying winter sports, Ely offers year-round activities that cater to all interests.

For those looking to settle down in this picturesque town, Ely offers a range of homes under $750,000, making it accessible for families, retirees, and first-time homebuyers alike. From charming cabins with rustic charm to modern homes with stunning views, you’ll find properties that fit your lifestyle and budget. With the perfect blend of comfort and nature, these homes provide an ideal sanctuary for relaxation and adventure.

Discover the magic of Ely, MN, where you can enjoy a peaceful retreat while being surrounded by nature’s wonders. Whether you’re looking for a permanent residence or a vacation getaway, Ely has something special waiting for you. Come explore the possibilities and find your dream home in this enchanting town!

Newest Ely Homes under $750,000

$429,900

ACTIVE Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 7151744 MLS ⋅ 998 SqFt.

Escape to Moose Lake and enjoy classic Northwoods cabin living at 2793 Wolf Track Tr. Built in 2008, this log cabin sits on .28 acres with approximately 80 feet of waterfront and offers a warm, rustic interior filled with natural wood character. The main level features an open kitchen and living area, full bathroom, while the lofted upper level offers 2 bedrooms, or an additional 3rd sleeping space, or an office area. With approximately 998 finished square feet, the cabin makes the most of its footprint while maintaining the cozy feel of a true lake retreat. The interior showcases a combination of red pine and aspen beams, posts, and ceilings, laminate flooring, and a wood stove for heat, with additional space heaters for added comfort. The property has been winterized annually and includes a newer hot water heater, along with a new well pump and pressure gauge within the past two years. Extensive improvements completed in 2008 included windows, siding, flooring, roof, electrical, and plumbing. Outside, enjoy approximately 80 feet of frontage on Moose Lake with access to a shared dock and the option to have your own dock if desired. Property amenities also include access to a shared garage building for boat and recreational storage, as well as a shared heated bathhouse with men’s and women’s facilities and laundry. The septic system and drainage field are shared with neighboring properties, while the well is privately owned. Annual HOA dues are approximately $750 and include snow plowing and yard maintenance; garbage service is the owner’s responsibility. Adding to the turnkey appeal, most furnishings are included in the sale along with Wenonah canoes, making it easy to start enjoying lake life right away. Artwork and the decorative canoe paddles inside the cabin are excluded. Whether you’re spending summer days on the water, gathering around the wood stove on a cool fall evening, or simply looking for a peaceful place to unplug, this Moose Lake property offers a quintessential Minnesota cabin experience.

2793 Wolf Track Trail, Ely

Listing courtesy of RE/MAX Results.

$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.

$699,000

ACTIVE Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 7124426 MLS ⋅ 1,427 SqFt.

Newly remodeled with a casual elegant easy feel, this 2,854 sq ft home rests on 211 feet of south-facing shoreline—gradual, inviting, and among the finest views on the lake. From nearly every room, light and water unfolds as sunsets pour through Marvin windows into the lakefront living room, while the updated kitchen with island opens through glass doors onto a lakeside deck. The main level offers a serene primary suite with private ¾ bath, two additional bedrooms, and a full bath. Below, the walkout level holds unlimited possibilities: a second master suite, flexible rec or game room, workshop, you name it, and of course - a private lakeside patio. A 2½-stall garage, central air, beautiful yard, reliable internet, and a dock complete the picture. Just miles from Ely and the edge of the Boundary Waters yet set back on a paved drive off a quiet paved road. Shagawa holds some of area’s finest walleye and you can fish almost year-round. Fantastic swimming, kayaking, and fishing begin at the dock. A rare and graceful lakeside home, ready for every season.

1756 Grant Mcmahan Boulevard, Ely

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

$395,000

ACTIVE Status ⋅ 3 Beds ⋅ 1 Baths ⋅ 7125017 MLS ⋅ 1,400 SqFt.

Step into the warmth of this stunning log home, perfectly designed for those seeking a peaceful escape. Log home tucked under the White Pines on Everett Lake outsideof Ely MN. The open-floor concept blends the kitchen, dining, and living areas beautifully, making it the heart of the home. Picture yourself enjoying a morning coffee at the kitchen breakfast bar or cozying up by the wood-burning fireplace after a day outside. The home boasts in-floor heating, adding comfort to every season. A loft bedroom provides a private retreat, while two spacious main-floor bedrooms and a main-floor laundry offer convenience and practicality. Outdoor Paradise with waterfront access with 331 feet of shoreline, you'll have endless opportunities for kayaking, fishing, or simply soaking up the views. Spread out on your own peaceful 3+acre lot surrounded by nature. Two-Car Garage includes a finished loft space perfect for an artist's studio, a home office, exercise room, or play area. This property is ideal for nature lovers and those seeking tranquility right outside their front door. Whether you're enjoying serene lake views, hosting friends for a cozy weekend, or creating your dream studio in the loft above the garage, the possibilities are endless.

3547 Norway Lane, Ely

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

$379,000

ACTIVE Status ⋅ 1 Beds ⋅ 1 Baths ⋅ 7114547 MLS ⋅ 720 SqFt.

OPEN HOUSE: Click link for 3D Virtual Tour. Ely Country Home On 11.5 acres, just 5 miles south of Ely set back off Highway 169. 1B/1B yr rnd home, screen porch has potential to become second bedrm. 4920SF storage bldg has 17ft high double doors on each end, office w/laundry bath, 1B/1B upstairs yr rnd apt & huge space for indoor storage. Drilled well. Good internet. Area for garden. Looking to start/expand your business—part of this property has excellent visibility from the corner of Hwy 169 & Grand McMahon. Move in ready!

2331-1 Old HIghway 169, Ely

Listing courtesy of Janisch Realty, Inc.

$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.

$445,000

ACTIVE Status ⋅ 1 Beds ⋅ 2 Baths ⋅ 7096515 MLS ⋅ 1,890 SqFt.

Sitting on almost two acres with 260 ft of lake shore on One Pine Lake – Well-Cared-For Lake Home with Outbuildings. This well-maintained lake home offers comfortable living, lake views, and an impressive collection of outbuildings for all your storage, hobby, and workshop needs. The main level features a legal primary bedroom, a full bathroom, an L-shaped kitchen, dining area, and a spacious living room designed to take advantage of the lake views. Step out onto the approximately 20' x 18' deck and enjoy your morning coffee, entertain guests, or simply relax while overlooking the water. The walkout lower level provides additional living space with two non-conforming bedrooms, a laundry area, and a large family/recreation room. A single-car attached garage. Outside, you'll find an impressive assortment of outbuildings, including: 36' x 27' insulated and heated garage/workshop, 14' x 40' metal storage building, 19' x 16.5' metal storage building near the lake, 17' x 15' wood shed. If this home could speak, it might say: "I have been well cared for throughout the years. While some of my finishes may be dated, I am ready to welcome new owners who can add their own personal touches and updates while enjoying everything I already have to offer." Important Note: All original property photos are displayed first. Some AI-staged photos may be included to help visualize decorating and furnishing possibilities. The AI staging has not altered the physical architecture, layout, or dimensions, of the property.

1717 Pine Street Road, Ely

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

$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..

$550,000

ACTIVE Status ⋅ 4 Beds ⋅ 3 Baths ⋅ 7044811 MLS ⋅ 2,111 SqFt.

Exquisite Year-Round Log Home Retreat on 4 Wooded Acres. Priced below appraisal value. Set on 4 private, wooded acres just outside Ely. This finished log home is a rare combination of year-round comfort and true multi-purpose space — the kind of property that's hard to find and even harder to replace. The main log home offers a private primary suite plus a loft for additional sleeping space, warm-tile floors in the kitchen and bath, and the timeless character only a real log home delivers. But the real story here is everything around it: a heated two-car garage with two separate workshops — ideal for woodworking, mechanics, fabrication, or serious hobbyists —topped by a fully finished upper level with three additional bedrooms and a half bath. Altogether, this property offers flexible living and sleeping space for extended family, guests, or multi-generational living, all while keeping the main home private and quiet. Whether you need serious workshop space, room for a growing or visiting family, or simply want elbow room and privacy just minutes from Ely's lakes, trails, and the Boundary Waters, this property delivers.

12957 W Ridge Road, Ely

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

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