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7273 Ely Lake Drive

Fayal Twp, MN 55734

4 beds
2 baths
2,144 sqft
~2 acre lot
$268 per sqft
1966 build
– on site

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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.

Listing courtesy of NORTHSTAR / Amy Sperling / Verve Realty

Last checked: Checking… • Last updated Dec 4, 2024 •

MLS# 6596666 —

The Building

Year Built:

1966
New Construction:

false
Age Of Property:

58
Construction Materials:

Cedar
Construction Materials Desc:

Frame
Roof:

Age 8 Years or Less, Asphalt
Accessibility Features:

None
Levels:

Split Entry (Bi-Level)
Main Level Finished Area:

1120.0000
Basement:

None
Basement:

false
Foundation Area:

1024
Foundation Dimensions:

32 x 32
Manufactured Home:

No
Building Area Total:

2144
Above Grade Finished Area:

2144

Interior

Dining Room Description:

Eat In Kitchen
Fireplace:

true
Fireplaces Total:

1
Fireplace Features:

Two Sided, Wood Burning

Room Dimensions

Living Area:

2144

Location

Directions:

From Hwy 53 - Exit on and go East on 153 (Miller Trunk Road) - turn at the Short Stop gas station and go East on Ely Lake Drive to home.
Latitude:

47.450641
Longitude:

-92.463546

The Property

Parcel Number:

340007000060
Zoning Description:

Residential-Single Family
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Additional Parcels:

false
Lot Features:

Tree Coverage - Heavy
Lot Size Area:

2.1
Lot Size Dimensions:

229 x 333 x 266 x 396
Lot Size SqFt:

91301.76
Lot Size Units:

Acres
View:

Bay, Lake, Panoramic, West
Lake Chain:

N
Lake Acres:

723
Lake Depth:

70
Lake Bottom:

Hard
Water Body Name:

Ely
Waterfront Feet:

253
Road Between Waterfront and Home:

No
Road Frontage Type:

City Street
Road Responsibility:

Public Maintained Road
Water Source:

Well
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

3910
Tax With Assessments:

3910.0000

Beds

Bedrooms Total:

4

Baths

Total Baths:

2
Bath Description:

Main Floor 1/2 Bath,Upper Level Full Bath
Full Baths:

1
Half Baths:

1

Heating & Cooling

Heating:

Forced Air
Cooling:

None

Utilities

Electric:

100 Amp Service
Sewer:

City Sewer/Connected

Schools

High School District:

Eveleth-Gilbert

The Community

Subdivision Name:

Ely Lake Cottage Sites
Waterfront:

true
Waterfront Features:

Dock, Lake Front, Lake View
Association:

false
Assessment Pending:

No

Parking

Parking Features:

Detached
Garage Spaces:

3
Garage Door Height:

7
Garage Door Width:

16
Garage Dimensions:

22 x 36
Garage SqFt:

792

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Air Pollution Index

Provided by ClearlyEnergy

Utility Costs

$256/mo.

Estimate provided by ClearlyEnergy

View a full report

Sale history

Date	Event	Source	Price	% Change
12/2/24 Dec 2, 2024	Sold	NORTHSTAR	$575,000	1.8%
9/23/24 Sep 23, 2024	Pending	NORTHSTAR	$565,000
9/15/24 Sep 15, 2024	Listed / Active	NORTHSTAR	$565,000

House Sold on 12/2/2024

$575,000

Listing provided by broker:

Amy Sperling

Verve Realty

Newest listings in 55734

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Listing Courtesy of: NORTHSTAR and Verve Realty.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. 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.

7273 Ely Lake Drive

Fayal Twp, MN 55734