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4304 Mud Creek Rd, Ely, MN, 55731

2beds
1baths
1,450sqft
$389,000
$268price/sqft
$2,456/moest. monthly cost
$98,240/yrincome needed

About This Home

Off grid living at its finest! Large 2 bedroom home on 40 private acres located aprox 3.3 miles up county maintained Mud Creek Road from Highway 169, half way between Ely and Tower. Great location with state lands on 2 sides and very close to the Mud Creek public access where a boat or canoe can be launched to access Mud Lake, and great fishing! There are views of Mud Creek from the home. The land is high with rolling hills and gorgeous tree cover. The home is almost new, year-around, highly efficient, and built with SIP panels and has aprox 1450 feet of living space that is very well built and immaculately done! The main floor features post and beam construction with birch tongue and groove walls, and pigment dyed concrete floors with in-floor heat and houses the gorgeous kitchen, dining area, living room, the full bath, a bedroom, storage room, and utility room. Up a few stairs takes you to the large main bedroom. There is also a stairway to the huge 22 x 20 loft with gorgeous basswood vaulted ceilings that serves as an office, work out area, storage, and many other uses. The home is heated with propane and powered by solar panels located on the hill top with great access to the sun. The Bluetti solar system is new, robust, and designed for longevity and peace of mind. This turnkey system can be remotely monitored and generally feels like living in a regular grid connected home. There is a back up generator so power is never an issue. The home has maintenance free metal roofing and siding to help your peace of mind during fire season. Home has a high flow drilled well, on-demand hot water, and a new 2 BR mound septic system. Other features include a large screened in porch, 22x28 insulated garage, 22x27 carport, wood shed, utility shed, hose with hot water, and a 45' Starlink tower for reliable high speed internet. Also a wood stove for pleasant back up heat and ambience. Home is turnkey, very efficient, and ready for year around living...or use it as your "up north" recreation headquarters! Wildlife galore with all the area species regularly seen. Other features are garden areas, nearby gravel pit, nice trails & old roads for hiking, biking, trail running, dogsledding, etc. Also close proximity to ATV and snowmobile trails, and Lake Vermilion! This property is very awesome, and meticulously built and cared for! House was built to be good in case of forest fires w/ metal roof & siding, and there are ready made fire breaks around the land.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
13
BikeSomewhat Bikeable

Schools

5/10
6/10
Northeast Range SecondaryGrades 7-1214.3 mi

Construction

Condition

  • Property condition: Previously Owned
  • Year built: 2024

Materials

  • Roof: Metal
  • Construction materials: Steel Siding,Frame/Wood

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Water Heater-Tankless

Bathroom

  • Level: Main
  • Area: 37.5
  • Dimensions: 5 x 7.5

Bedroom

  • Level: Main
  • Area: 52.5
  • Dimensions: 7 x 7.5

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 1

Features

  • Natural Woodwork,Vaulted Ceilings,Beamed Ceilings
  • Number of fireplaces: 1
  • Fireplace features: Free Standing
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,450

Heating & Cooling

  • Heating features: In Floor Heat,Hot Water,Wood
  • Cooling features: None

Interior Area

  • Total interior livable area: 1,450 sqft

Kitchen

  • Level: Main
  • Area: 230
  • Dimensions: 11.5 x 20

Living Room

  • Level: Main
  • Area: 165.75
  • Dimensions: 8.5 x 19.5

Loft

  • Level: Second
  • Area: 450
  • Dimensions: 20 x 22.5

Master Bedroom

  • Level: Upper
  • Area: 195
  • Dimensions: 13 x 15

Other

  • Level: Main
  • Area: 132
  • Dimensions: 5.5 x 24

Storage

  • Level: Main
  • Area: 52.5
  • Dimensions: 7 x 7.5

Storage

  • Level: Upper
  • Area: 42
  • Dimensions: 6 x 7

Utility Room

  • Level: Main
  • Area: 15
  • Dimensions: 3 x 5

Property

Details

  • Parcel number: 370001001300
  • Zoning description: Forestry

Features

  • Fencing: Electric
  • Has view: Yes
  • View description: River,Panoramic
  • Has water view: Yes
  • Water view: River

Lot

  • Lot size: 40 Acres
  • Features: Tree Coverage - Heavy,High,Rolling Slope
  • Lot size dimensions: 1320 x 1320

Parking

  • Total spaces: 2
  • Parking features: Gravel,Detached,Electrical Service,Insulation
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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
    Cold WaveVery High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Cold Wave
Winter Weather
Heat Wave
Inland Flooding
Lightning
Wildfire

FEMA Declared Disasters in St. Louis County and Minnesota

Fire
Flood
Severe Storm
Straight Line Winds

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

MonthlyAnnual
Mortgage $1,966$23,592
Home Insurance *$166$1,992
Property Taxes $154$1,848
Electricity $170$2,050
Total$2,456$29,472
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$84,205/yr
40% on housing$73,680/yr
45% on housing$65,493/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

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.

Insurance Growth Rate5-year average: 6.6%
6.6%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 2.8%
2.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$268This listing

vs Other Active Listings

Avg $/sqft

ZIP 55731$215
St. Louis County$177

vs Homes Sold Last Month

Median $/sqft

ZIP 55731
St. Louis County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-07Price change$369,000
2026-06-04Listed for sale$389,000
2010-10-19Sold$60,000
2001-11-02Sold$22,500

For Sale by Agent

AgentJeff Hway
BrokerageBear Island Realty LLC

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