#6558966, Listing Office: z'Up North Realty, Inc.
3231 Wolf Lake Rd Ely, MN 55731
$4,500,000 List price
5 beds
2 full, 2 partial
5,250 sqft
20.0 acres
$857 / sqft
House
Property details
About 3231 Wolf Lake Rd
Ready to make this dream estate your legacy? Burntside Lake Home on Outlet Bay in Ely is now available. Whether watching trout swim upstream, observing eagles dive for fish, or enjoying the serenity of the woodland surroundings, you'll find countless reasons to stay and call Greystone home. Unparalleled living experience in Ely, MN. This one-of-a-kind custom home 5BR/6BA home is being offered for the very first time. Nestled on a sprawling 20-acre estate, this property boasts 1155 ft of pristine shoreline along Burntside Lake's Outlet Bay and the Burntside River. Surrounded by the beauty of nature, this estate is designed for those who seek both luxury and adventure. Greystone offers many features, too many to list, but include: 2 double sided Tulikivi green soapstone fireplaces (one with a pizza oven), two laundry rooms (main floor and 2nd flr), elevator, secret underground passage to the garage and guest rooms, outdoor kitchen, boathouse with patio, walking paths, pole bldg, She Shed /Potting Shed, reclaimed hardwood floors, wood paneled walls, Creston Security System, Folding Marvin Windows with electronic screens, real stone facade, Fir Douglas flooring, knotty alder custom cabinets, and the list keeps going!
Highlights
HeatingForced Air, Propane
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air, Ceiling Fan(s)
Size5,250 sqft
Lot size20 Acres
Year builtNew Const., 2007
ParkingDetached, Multiple
MLS #6114471
Garage2 spaces
WaterfrontLake
FireplaceMultiple - See Remarks
ViewBay, River
Summary
- MLS Number: 6114471
- Office Name: Z' Up North Realty
- Listing Agent: Andrea Zupancich
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: 2/10/2025, 4:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$4,500,000
3231 Wolf Lake Rd
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 16, 2006 | Home Sold | $900,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $1,147,700 | $14,814 |
| 2021 | $992,400 | $13,428 |
| 2020 | $992,400 | $13,328 |
| 2019 | $992,400 | $12,626 |
| 2017 | $992,600 | $12,038 |
History based on county public records data.
Nearby schools
7
Washington Elementary School
Public District PK-5
7.6 mi
•600 E Harvey St
2
Tower-Soudan Elementary School
Public District PK-6
13.0 mi
•415 2nd St N
4
Babbit Elementary School
Public District PK-6
13.2 mi
•30 South Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $62,745. Most Ely, MN residents have annual incomes between $35k-100k. Residents typically live in married, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
22%
<35k
56%
35k-100k
18%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
35%
Single, No Kids
4%
Single, with Kids
49%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
5%
12-17 yrs old
9%
18-34 yrs old
51%
35-64 yrs old
27%
65+ yrs old
What do the neighbors do for fun?
Hunting
Figure Skating
NASCAR
Where do the neighbors shop?
Dillards
Dollar General
Dick's Sporting Goods
Where do the neighbors go to eat?
Cracker Barrel
Applebees
Texas Roadhouse
What do the neighbors drive?
Cadillac
Subaru
Oldsmobile
What do the neighbors listen to?
News/Talk/Information
Classic Country
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 3231 Wolf Lake Rd
This home is located at 3231 Wolf Lake Rd in Ely, MN and zip code 55731. This 5,250 square foot home, which was built in 2007, sits on a 20.00 acre lot. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since June 22, 2024 and is currently priced at $4,500,000.
Over 2 listings were sold over their listed price in January 2025 in Ely, MN. In the same period over 7 listings were sold below the listed price and 1 listings were sold for the listed price. The inventory of homes for sale in Ely, MN between December and January 2025 increased by 7.7%. In January 2025 median list price was $183,500 and the average listing age was 87 days.
From Rocket Homes Real Estate and based on county public records data.