Homes for sale - 540 Loop RD, Ely, MN 55731 – MLS#7000151

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2026

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Nick Leavy

nick@iheartexit.com +1(612) 236-5331

$719,900

Est. payment - /mo

3 Beds

2 Baths

2,480 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Contingent

Purchase Type For Sale

Square Footage 2,480 sqft

Price per Sqft $290

MLS Listing ID 7000151

Bedrooms 3

Full Baths 1

Three Quarter Bath 1

Year Built 2005

Annual Tax Amount $2,502

Tax Year 2025

Contingent Subject to Financing

Lot Size 2.620 Acres

Acres 2.62

Lot Dimensions 225.00 x 475.00

Property Sub-Type Single Family Residence

Property Description

Here's a Northwoods retreat people dream about but rarely find. This handcrafted log home on Farm Lake wraps you in warmth the moment you walk in — over 2,400 sq ft, wrapped in timber and sunlight. The main level is designed for togetherness: new custom kitchen cabinets, quartz countertops, a comfortable dining area, and a living room anchored by a cozy wood-burning stove. Two bedrooms & a full bath complete this level. Head up to the 700+ sq ft loft, with soaring ceilings, built-ins, and sweeping views make the space feel tucked-away and inspiring an artist's nook or simply reading a book while the pines sway outside your window. The walk-out level is its own retreat, featuring the Primary Suite, a utility/laundry room, and a rec room made for hosting. Private woods take you to the 220 ft of shoreline. Incredible view from the custom built 100 ft perm newer dock, complete with benches and a kayak step, makes slipping into the lake a breeze Best of all the BWCA is just a paddle away.

Location

State MN

County Lake

Zoning Residential-Single Family

Rooms

Basement Block, Finished, Full

Interior

Heating Baseboard

Cooling Window Unit(s)

Fireplaces Number 1

Fireplaces Type Wood Burning

Fireplace Yes

Appliance Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Washer

Exterior

Parking Features Detached Garage

Garage Spaces 2.0

Roof Type Asphalt

Building

Story One and One Half

Foundation 850

Sewer Mound Septic

Water Drilled

Level or Stories One and One Half

Structure Type Frame

New Construction false

Schools

School District Lake Superior

Others

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Listed by Andrea Zupancich • Z'Up North Realty, Inc.

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Nick Leavy

+1(612) 236-5331

President | License ID: 40668858

President License ID: 40668858

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540 Loop RD Ely, MN 55731

Nick Leavy

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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