$550,000
 $2,953 est/mo Sourced by Back At You

12957 W Ridge Road,Ely, MN 55731

Ely, MN 55731

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Description

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.

Details

MLS #7044811
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year2001
Days On Site172
Listing Provided ByZ'Up North Realty, Inc. | Julian Rasmusson

Features

Bed(s)4
Bath(s) 3 Total
SQ Feet2,111
Garage2
Car PortYes
BasementY
Story(s)1
ZoningResidential-Single Family
Acreage4.20

Interior

CoolingNone
HeatingBoiler, Dual Fuel/Off Peak, Forced Air, In-Floor Heating, Wood Stove
AppliancesCentral Vacuum, Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Water Softener Owned

Exterior

RoofAge Over 8 Years, Asphalt, Metal
Construction MaterialsLog
Lot FeaturesTree Coverage - Heavy

Parking

Parking FeaturesCarport, Detached Garage, Gravel, Heated Garage

Taxes

Property3043

Area Information

StateMN
CountyLake
CityEly
Zip Code55731
School District381
High SchoolLake Superior
Listing VS Median (in 55731)
Price:
$550,000
low | high
Med:
$454,250
67.409090909091% of Average
sqft:
2,111
low | high
Med:
773
100% of Average
$ / sqft:
$261
low | high
Med:
$591
76.903422865014% of Average
On site:
172
low | high
Med:
236.5
72.727272727273% of Average
Sourced by Back At You

Market Activity 55731

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 Listings courtesy of Northstar MLS as distributed by MLS GRID. 

Based on information submitted to the MLS GRID as of September 20, 2026 at 3:36:03 PM PDT 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.

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Learn More About This Property

StateMN
CountyLake
CityEly
Zip Code55731
School District381
High SchoolLake Superior
Listing VS Median (in 55731)
Price:
$550,000
low | high
Med:
$454,250
67.409090909091% of Average
sqft:
2,111
low | high
Med:
773
100% of Average
$ / sqft:
$261
low | high
Med:
$591
76.903422865014% of Average
On site:
172
low | high
Med:
236.5
72.727272727273% of Average
Sourced by Back At You
Listing Updated: September 19, 2026 at 10:54:36 AM PDT