$765,000

3206 Shady Rst Ely, MN 55731

$9,084
Closing credit¹
2 beds
1 full
1,768 sqft
2.7 acres
$433 / sqft
House

Property details

About 3206 Shady Rst

Located on the shores of White Iron Lake in Ely, Mn, this stunning property features +/-2.7 acres of well-manicured trails, perennial gardens, and majestic pines. The +/- 240’ of level shoreline provides phenomenal westerly views and great swimming. The beautiful 2-bedroom, 2-bath energy efficient home was built by Barry Bissonette, a well-known log contractor in the area – using only the best building materials for our climate – including red cedar logs from British Columbia and a “polar roof” (extra insulated designed for harsh Alaskan winters). The home features a large living/dining room with a wood burning fireplace, spectacular lake views, main-floor bed and bath, and an updated kitchen with solid surface counters and stainless appliances. The walk-out lower primary suite features in-floor heat, corner wood stove, a built-in desk, and a sitting area with ideal lake views. Private ¾ bath with a sauna plus a laundry/utility room complete the lower level. At the shore you will find a lovely water accessory building, quality dock and boat lift. The 2.5-stall detached garage provides additional storage for all your lake toys! This property comes with a shared boat launch just down the road. Additional acreage and lakeshore are available.

Highlights

HeatingBaseboard, Fireplace(s), Radiant Floor, Wood, Electric
StatusActive
(COMING SOON)
CoolingDuctless, Ceiling Fan(s)
Size1,768 sqft
Lot size2.69 Acres
Year built1992
ParkingDetached
MLS #6120378
Garage2 spaces
WaterfrontLake
FireplaceWood Burning
ViewLake, Panoramic

Virtual tour

Summary

  • Full Bathrooms: 1
  • Appliances: Dryer, Range Hood, Microwave, Range, Refrigerator, Washer
  • Interior: Ceiling Fans, Hardwood Floors, Natural Woodwork, Sauna, Vaulted Ceilings
  • Fireplace: Wood Burning
  • Total Bedroom Count: 2
  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached
  • Waterfront: Lake
  • View: Lake, Panoramic
  • Exterior: Deck, Dock
  • Architectural Style: Ranch/Rambler
  • Heating: Baseboard, Fireplace(s), Radiant Floor, Wood, Electric
  • Cooling: Ductless, Ceiling Fan(s)
  • List Price: $765,000
  • Price/SqFt: $432
  • Annual Tax Amount: $4,177
  • Tax Year: 2024
  • Lot: Landscaped, Some Trees, Level
  • Directions: From Ely, follow Hwy 169E to Kawishiwi Trail, take a right. Follow to Sunset Road, take a right. Follow to Shady Rest, take a right and then at the T take a left to the property address on your right.
  • Year Built: 1992
  • Stories: 1
  • Living Area: 1,768 SqFt
  • Lot Size: 2.69 Acres
  • MLS Number: 6120378
  • Office Name: Bear Island Realty LLC
  • Listing Agent: Anna Yahnke

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information is supplied by seller and other third parties and has not been verified. ©2025 Lake Superior Area REALTORS® MLS - All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/28/2025, 6:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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3206 Shady Rst, Ely, MN 55731 - back of house with a deck, a lawn, and a chimney

$765,000

3206 Shady Rst

$9,084

closing credit¹

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0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2024$616,600$4,177
2023$591,800$-
2022$502,400$-
2021$409,400$417
2020$384,200$417
2018$407,600$4,371
2017$422,300$3,910

History based on county public records data.

Nearby schools

7

Washington Elementary School

Public District PK-5

4.1 mi

600 E Harvey St

4

Babbit Elementary School

Public District PK-6

14.3 mi

30 South Dr

2

Tower-Soudan Elementary School

Public District PK-6

23.6 mi

415 2nd St N

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $59,643. Typical income of Ely, MN residents is between $35k-100k annually. The most common type of family is married, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

32%
<35k
48%
35k-100k
19%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

39%
Single, No Kids
2%
Single, with Kids
50%
Married, No Kids
9%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

8%
<11 yrs old
3%
12-17 yrs old
10%
18-34 yrs old
51%
35-64 yrs old
28%
65+ yrs old

What do the neighbors do for fun?

  • HuntingHunting
  • Figure SkatingFigure Skating
  • NASCARNASCAR

Where do the neighbors shop?

  • DillardsDillards
  • Dollar GeneralDollar General
  • Dick's Sporting GoodsDick's Sporting Goods

Where do the neighbors go to eat?

  • Cracker BarrelCracker Barrel
  • ApplebeesApplebees
  • Texas RoadhouseTexas Roadhouse

What do the neighbors drive?

  • CadillacCadillac
  • SubaruSubaru
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • News/Talk/InformationNews/Talk/Information
  • Classic CountryClassic Country
  • New CountryNew Country
All data provided by Home Junction and Claritas

Frequently asked questions

About 3206 Shady Rst

The listing price of 3206 Shady Rst property is $765,000.

The property 3206 Shady Rst is a house located in Ely, Minnesota, 55731.

Active Listing: 3206 Shady Rst is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 3206 Shady Rst are: Washington Elementary School (GreatSchools Rating 7/10), Babbit Elementary School (GreatSchools Rating 4/10), Tower-Soudan Elementary School (GreatSchools Rating 2/10), Memorial Middle School (GreatSchools Rating 4/10), Memorial High School (GreatSchools Rating 8/10), Northeast Range Secondary School (GreatSchools Rating 7/10).

According to the records, the last property tax for 2024 is $4,177 (source: MLS/based on county public records data).

The property at 3206 Shady Rst has 2 bedrooms and 2 bathrooms.

The property 3206 Shady Rst is 1,768 SqFt (source: MLS/tax record).

The year of construction for 3206 Shady Rst is 1992.

This home is located at 3206 Shady Rst in Ely, MN and zip code 55731. This 1,768 square foot home, which was built in 1992, sits on a 2.69 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 27, 2025 and is currently priced at $765,000.

Ely, MN housing market in May 2025 saw over 2 listings sold above listed price, more than 2 sold at listed price and over 9 sold below. In May 2025 in Ely, MN there were 19.3% more homes for sale than in April. While the average time on the market in May 2025 was 80 days, the median list price was $235,000.

From Rocket Homes Real Estate and based on county public records data.

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