




2826 Cedar Lake Rd, Ely, MN, 55731
About This Home
Welcome to your Northern Minnesota retreat. Nestled on 5 private acres in Ely, this solid, efficient home offers the space and seclusion you’ve been searching for—without sacrificing convenience. This 4-bedroom, 3-bath home features warm tongue-and-groove woodwork throughout, adding character and craftsmanship. Generous living space flows naturally, providing room to spread out along with ample storage. The property is well-equipped for both everyday living and recreation, featuring a 30×40 pole building ideal for a workshop, equipment storage, or hobby space, along with a 28×32 detached garage with plenty of room for vehicles, boats, snowmobiles, and gear. A one-car attached garage offers added convenience, while the paved circular driveway ensures easy access year-round. Central A/C keeps the home comfortable during the summer months. Surrounded by five acres of privacy, this property offers a peaceful buffer from the outside world while remaining just minutes from downtown Ely’s shops, restaurants, and access to the Boundary Waters Canoe Area Wilderness. Enjoy endless outdoor recreation right out your door, with easy access to hiking, fishing, biking, snowmobiling, and countless lakes and trails that make Ely a true Northwoods destination. Built for all seasons, this is a home where you can host, store your toys, and truly enjoy the quiet. Solid bones, smart design, and room to breathe.
Getting Around
Schools
Construction
Condition
- Year built: 1978
Materials
- Foundation: Concrete Perimeter
- Roof: Asphalt Shingle
- Construction materials: Vinyl,Wood,Frame/Wood
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Laundry features: Main Level,Dryer Hook-Ups,Washer Hookup
Basement
- Has basement: Yes
- Basement: Full,Partially Finished,Walkout,Bath,Bedrooms,Den/Office,Family/Rec Room,Fireplace,Utility Room,Washer Hook-Ups,Dryer Hook-Ups
Bathroom
- Level: Lower
- Area: 59.4
- Dimensions: 6.6 x 9
Bathroom
- Level: Main
- Area: 36
- Dimensions: 6 x 6
Bedroom
- Level: Lower
- Area: 133.56
- Dimensions: 12.6 x 10.6
Bedroom
- Level: Main
- Area: 201.4
- Dimensions: 10.6 x 19
Bedroom
- Level: Main
- Area: 169.6
- Dimensions: 10.6 x 16
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 2
- Main level bedrooms: 1
Bonus Room
- Level: Lower
- Area: 512
- Dimensions: 32 x 16
Dining Room
- Level: Main
- Area: 124.8
- Dimensions: 9.6 x 13
Family Room
- Level: Lower
- Area: 361
- Dimensions: 19 x 19
Features
- Ceiling Fan(s),Natural Woodwork,Vaulted Ceilings,Foyer-Entrance
- Door features: Patio Door
- Flooring: Hardwood Floors
- Number of fireplaces: 1
- Fireplace features: Gas,Basement
- Fireplace: Yes
- Finished area below ground: 802
- Finished area above ground: 1,920
Great Room
- Level: Main
- Area: 512
- Dimensions: 16 x 32
Heating & Cooling
- Heating features: Forced Air,Propane,Oil
- Cooling features: Central Air
Interior Area
- Total interior livable area: 2,722 sqft
Kitchen
- Level: Main
- Area: 120
- Dimensions: 10 x 12
Living Room
- Level: Main
- Area: 361
- Dimensions: 19 x 19
Master Bedroom
- Level: Main
- Area: 168
- Dimensions: 12 x 14
Property
Details
- Parcel number: 465002003701
Features
- Patio & porch: Deck,Patio
Lot
- Lot size: 5 Acres
- Lot size dimensions: 658 x 332
Parking
- Total spaces: 5
- Parking features: Asphalt,Attached,Detached,Multiple,Slab
- Has garage: Yes
- Attached garage spaces: 5
- Covered spaces: 5
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
- Lightning
- Heat Wave
- Inland Flooding
- 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 | $2,523 | $30,276 |
| Home Insurance * | $166 | $1,992 |
| Property Taxes | $335 | $4,020 |
| Electricity | $229 | $2,754 |
| Total | $3,253 | $39,036 |
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 |
|---|---|---|
| 2026-04-15 | Listed for sale | $525,000 |
