1340 Walsh Rd, Ely, MN, 55731
About This Home
Lakefront Living on Eagle's Nest Lake #3! This year-round cabin offers approximately 100 feet of level shoreline and provides easy access to the water, by dock, boat launch and plenty of room to enjoy the outdoors. The 4-bedroom, 1 1/2-bath home features an open-concept kitchen, dining, and living area that creates a comfortable gathering space for family and friends, overflowing to a screened porch that extends the entire length of the front of the house. Enjoy beautiful lake views and the convenience of a property designed for both seasonal enjoyment and year-round living. Whether you're looking for a recreational retreat or a full-time residence, this Eagle's Nest Lake property offers an excellent opportunity to enjoy lake life in the Northwoods. This property (1340 Walsh Rd) and the neighboring seasonal cabin (1342 Walsh Rd) are owned by the same family and may be purchased separately or together for a unique lakefront opportunity.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Previously Owned
- Year built: 1973
Materials
- Foundation: Concrete Perimeter
- Roof: Metal
- Construction materials: Wood,Frame/Wood
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Water Heater-Electric,Dishwasher,Dryer,Exhaust Fan,Range,Refrigerator,Washer
- Laundry features: Dryer Hook-Ups,Washer Hookup
Basement
- Has basement: Yes
- Basement: Full,Unfinished,Walkout,Utility Room,Washer Hook-Ups,Dryer Hook-Ups
Bathroom
- Level: Main
- Area: 66
- Dimensions: 11 x 6
Bathroom
- Level: Main
- Area: 64
- Dimensions: 8 x 8
Bedroom
- Level: Main
- Area: 63
- Dimensions: 7 x 9
Bedroom
- Level: Main
- Area: 77
- Dimensions: 7 x 11
Bedroom
- Level: Main
- Area: 80
- Dimensions: 8 x 10
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- 3/4 bathrooms: 2
- Main level bedrooms: 1
Deck
- Level: Main
- Area: 360
- Dimensions: 9 x 40
Dining Room
- Level: Main
- Area: 110
- Dimensions: 11 x 10
Features
- Ceiling Fan(s),Natural Woodwork,Vaulted Ceilings,Beamed Ceilings
- Door features: Patio Door
- Window features: Wood Frames
- Finished area below ground: 0
- Finished area above ground: 768
Heating & Cooling
- Heating features: Baseboard,Boiler,Radiant,Oil
- Cooling features: Wall Unit(s),Ductless
Interior Area
- Total interior livable area: 768 sqft
Kitchen
- Level: Main
- Area: 110
- Dimensions: 11 x 10
Living Room
- Level: Main
- Area: 121
- Dimensions: 11 x 11
Master Bedroom
- Level: Main
- Area: 156
- Dimensions: 13 x 12
Storage
- Level: Basement
- Area: 660
- Dimensions: 22 x 30
Utility Room
- Level: Basement
- Area: 253
- Dimensions: 11 x 23
Property
Accessibility
- Accessibility features: Accessible Approach with Ramp,Grab Bars In Bathroom
Details
- Parcel number: 317015000080
- Other equipment: Fuel Tank-Owned,Generator
- Foundation area: 1080
Features
- Patio & porch: Deck
- Exterior features: Dock,Rain Gutters
- Fencing: Invisible
- Has view: Yes
- View description: Inland Lake
- Has water view: Yes
- Water view: Lake
- On waterfront: Yes
- Waterfront features: Inland Lake,Waterfront Access(Private),Shoreline Characteristics(Gravel,Rocky,Sand,Shore-Accessible,Elevation-Low)
- Waterbody name: Eagles Nest 3
- Frontage length: 110
Lot
- Lot size: 0.54 Acres
- Features: Accessible Shoreline,Level
- Lot size dimensions: 102 x 220
Parking
- Total spaces: 2
- Parking features: Off Street,Gravel,Carport,Detached,Electrical Service,Slab
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
- Carport: 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
- Heat Wave
- Inland Flooding
- 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 | $2,654 | $31,848 |
| Home Insurance * | $166 | $1,992 |
| Property Taxes | $307 | $3,684 |
| Electricity | $170 | $2,050 |
| Total | $3,297 | $39,564 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-04 | Price change | $495,000 |
| 2026-07-27 | Price change | $525,000 |
| 2026-06-01 | Listed for sale | $575,000 |
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