4994 Big Lake Rd, Ely, MN, 55731
About This Home
Cabin in the wilderness on Big Lake in Ely. Big Lake Wilderness Retreat CIC. Investment Opportunity. This 2 bedroom, 1 bath cabin features an open living, kitchen and dining area with 2 adjacent bedrooms and a ¾ bath. Deck overlooking the lake. Big Lake is a recreational development lake, 1900 acres with a maximum depth of 22 ft. Excellent fishing. For your private use and enjoyment and also allows for rentals. Rentals managed by an on-site well established management company. General maintenance taken care of as part of the income split. Includes a newer pontoon boat for you and renters to use. The cabin is completely furnished and well cared for.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Previously Owned
- Year built: 1950
Materials
- Roof: Metal
- Construction materials: Wood,Frame/Wood
Type & Style
- Home type: SingleFamily
- Architectural style: Rustic
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Microwave,Range,Refrigerator
Bathroom
- Level: Main
- Area: 40
- Dimensions: 5 x 8
Bedroom
- Level: Main
- Area: 64
- Dimensions: 8 x 8
Bedroom
- Level: Main
- Area: 64
- Dimensions: 8 x 8
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- 3/4 bathrooms: 1
- Main level bedrooms: 1
Features
- Natural Woodwork
- Window features: Vinyl Windows
- Finished area below ground: 0
- Finished area above ground: 400
Heating & Cooling
- Heating features: Wall Unit(s),Propane
- Cooling features: None
Interior Area
- Total interior livable area: 400 sqft
Living Room
- Level: Main
- Area: 165
- Dimensions: 15 x 11
Property
Details
- Parcel number: 629003200050
- Zoning description: Residential-Rec Business
- Foundation area: 396
Features
- Patio & porch: Deck
- Has view: Yes
- View description: Inland Lake,Panoramic
- Has water view: Yes
- Water view: Lake
- On waterfront: Yes
- Waterfront features: Inland Lake,Waterfront Access(Private),Shoreline Characteristics(Elevation-Medium)
- Waterbody name: Big Lake
- Frontage length: 1500
Lot
- Lot size: 7,840 sqft
- Features: Accessible Shoreline,Tree Coverage - Medium
- Lot size dimensions: 110 x 75
Parking
- Parking features: Off Street,None
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Winter Weather
- Inland Flooding
- Heat Wave
- Lightning
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in St. Louis County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,011 | $12,132 |
| Home Insurance * | $166 | $1,992 |
| Property Taxes | $170 | $2,040 |
| Electricity | $170 | $2,050 |
| Total | $1,517 | $18,204 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-07 | Price change | $200,000 |
| 2026-04-23 | Price change | $219 |
| 2026-04-13 | Listed for sale | $219,000 |
| 2025-11-07 | Listing removed | $210,000 |
| 2025-09-19 | Price change | $210,000 |
| 2025-07-05 | Price change | $222,000 |
| 2025-05-08 | Listed for sale | $232,000 |
| 2022-04-01 | Sold | $200,000 |
| 2022-02-21 | Pending sale | $219,000 |
| 2021-09-15 | Listed for sale | $219,000 |
| 2013-08-03 | Listing removed | $184,000 |
| 2013-05-11 | Listed for sale | $184,000 |
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