7273 Ely Lake Drive, Eveleth, MN 55734

$575,000
4
BD
2
BA
2,144
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$575,000
List Price
$565,000
Status
CLOSED
Days on Market
80
Closing Date
Dec 02, 2024
MLS#
6596666
Subtype
Residential
Style
(SF) Single Family
Year Built
1966
Bedrooms
4
Bathrooms
2
Full Baths
1
Half Baths
1
Living Area
2,144
Acres
2.10
Subdivision
Ely Lake Cottage Sites

Property Description

Showings begin 2pm Mon, 9/16. No showings Fri & Sat 9/20 & 21. This is everything you can dream of in a perfect year-round lake home. Located on popular Ely Lake in Eveleth/Fayal Township, this stunning mid-century modern home was custom designed by architect Michael McGuire for the one family that’s homesteaded here it’s entire life. It is brilliantly sited on the lake’s most tranquil bay with a gradual 2.1 acre lot offering complete privacy and 253ft of crystal clear shoreline. Its Western exposure showcases amazing lake and sunset views. The landscaping features a beautiful heritage flower garden, many perennial plantings, and decorative trees — all framed by gorgeous mature White Pines. No need to walk stairs to get to shore as the home is just steps from (and level to) the water’s edge. You will enjoy incredible swimming, fishing, boating, snowmobiling, saunaing, and relaxing in this peaceful retreat. Interior features include a wall of lake-facing sliding glass doors, 4 large bedrooms, a bathroom on each floor, 2-sided wood burning fireplace, custom Birch doors and frames throughout, and tasteful rough-cut Cedar accents. Also included is a 3-car garage w/metal roof, dock, large sauna with changing room, large lake-facing screened porch, asphalt drive, and city sewer & gas. The home was re-roofed in 2021 and a new well was installed in 2011. It is located 2.75 hours from the Twin Cites with convenient access (10-20 minutes) to charming downtown Eveleth, Gilbert, Virginia & Giants Ridge. Ely Lake is spring-fed and known for its size, depth, water clarity, quality fish stock, and lack of weeds. The island at the center of the lake (just a 10 minute canoe paddle) is an amazing secret getaway — you’ll feel like you’ve been magically transported to the pristine beauty of the Boundary Waters. Owner is a licensed MN Real Estate Agent.

Additional Information

Taxes
$3,910
Property Description
(SF) Single Family
Zoning
Residential-Single Family
Heating
Forced Air
Stories
Split Entry (Bi-Level)
Levels
Split Entry (Bi-Level)
Roof
Age 8 Years or Less, Asphalt
Parking
Detached Garage
Garage Spaces
3
School District
Eveleth-Gilbert
View
Bay, Lake, Panoramic, West

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Verve Realty.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.