$134,900

4194 First Lake Rd Ely, MN 55731

$1,602
Closing credit¹
1 bed
280 sqft
11.4 acres
$482 / sqft
House

Property details

About 4194 First Lake Rd

Located 11 miles north of Ely, just off the renowned Echo Trail, this serene retreat spans 11.46 acres of stunning pink granite and towering century-old White Pines. Constructed in 2016, this 14 x 20 cabin is designed for year-round use, providing a perfect escape from city life and an ideal vantage point for observing the Northern Lights and the expansive northern sky. Nearby, walking access to the Boundary Waters Canoe Area (BWCA) enhances the outdoor experience. This "glamping" cabin features wood heating, a propane cooking stove, a sink with a 5-gallon grey water washstand, an 11 x 14 dining/living area, and an 8 x 11 open bedroom. Guests need only to bring potable water and can enjoy a mostly furnished space equipped with essential amenities. The cabin is powered by three 12-volt ceiling fixtures connected to a marine battery, with the option of using a solar charger for year-round battery maintenance. An inviting 6 x 14 deck at the entrance provides seasonal outdoor space for grilling or relaxation. Additionally, an 8 x 14 woodshed with attached 4-wheeler storage, complete with ramps, is fully stocked and ready for use. The property also includes a vaulted privy system, permitted by St. Louis County, which is scheduled for inspection soon. A cozy outdoor firepit area invites gatherings under the starlit sky, allowing for a truly immersive experience in nature. With a gated entry off the Echo Trail, this 11.46-acre property offers abundant privacy and tranquility.

Highlights

Home typeSingle Family Residence
HeatingWood
StatusActive
(ACTIVE)
Size280 sqft
Lot size11.43 Acres
Year built2016
MLS #6120238

Summary

  • Total Bedroom Count: 1
  • Attached Garage: No
  • Parking: None
  • Architectural Style: Rustic Cabin
  • Heating: Wood
  • List Price: $134,900
  • Price/SqFt: $481
  • Annual Tax Amount: $686
  • Tax Year: 2022
  • Directions: 11 miles north of Ely on the Echo Trail to sign on right
  • Year Built: 2016
  • Stories: 1
  • Living Area: 280 SqFt
  • Lot Size: 11.43 Acres
  • MLS Number: 6120238
  • Office Name: Canoe Capital Realty, LLC
  • Listing Agent: Jerry Fink

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: 6/27/2025, 12:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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4194 First Lake Rd, Ely, MN 55731 - view of home's exterior with a deck

$134,900

4194 First Lake Rd

$1,602

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
May 05, 2016
Home Sold
$42,500
Dec 20, 2004
Home Sold
$79,500
Dec 03, 2004
Home Sold
$79,500

Tax history

YearAssessmentProperty Tax
2022$60,900$686
2021$54,100$676
2020$55,000$690
2019$55,000$660
2017$50,400$590

History based on county public records data.

Nearby schools

7

Washington Elementary School

Public District PK-5

9.2 mi

600 E Harvey St

4

Babbit Elementary School

Public District PK-6

21.9 mi

30 South Dr

2

Tower-Soudan Elementary School

Public District PK-6

21.9 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 $67,298. Typical income of Ely, MN residents is between $35k-100k annually. The most common type of family is married, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

22%
<35k
51%
35k-100k
24%
100k-200k
3%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

35%
Single, No Kids
8%
Single, with Kids
48%
Married, No Kids
9%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

10%
<11 yrs old
7%
12-17 yrs old
10%
18-34 yrs old
48%
35-64 yrs old
25%
65+ yrs old

What do the neighbors do for fun?

  • HuntingHunting
  • NASCARNASCAR
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • DillardsDillards
  • Bass Pro ShopsBass Pro Shops
  • Dollar GeneralDollar General

Where do the neighbors go to eat?

  • Cracker BarrelCracker Barrel
  • Hardee'sHardee's
  • ApplebeesApplebees

What do the neighbors drive?

  • CadillacCadillac
  • GMCGMC
  • RamRam

What do the neighbors listen to?

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

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Frequently asked questions

About 4194 First Lake Rd

The listing price of 4194 First Lake Rd property is $134,900.

The property 4194 First Lake Rd is a house located in Ely, Minnesota, 55731.

Active Listing: 4194 First Lake Rd is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 4194 First Lake Rd 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 2022 is $686 (source: MLS/based on county public records data).

The last sale was on May 5, 2016 for $42,500 (source: MLS/tax record).

The property at 4194 First Lake Rd has 1 bedroom and 0 bathroom.

The property 4194 First Lake Rd is 280 SqFt (source: MLS/tax record).

The year of construction for 4194 First Lake Rd is 2016.

This home is located at 4194 First Lake Rd in Ely, MN and zip code 55731. This 280 square foot home, which was built in 2016, sits on a 11.43 acre lot. Features: 1 bedroom, 0 bathroom. It has been listed on Rocket Homes since June 20, 2025 and is currently priced at $134,900.

In May 2025, from all listings sold in Ely, MN there were more than 2 sold above asking price, over 9 sold below and more than 2 were sold right at the asked price. In May 2025 in Ely, MN there were 19.3% more homes for sale than in April. In May 2025 median list price was $235,000 and the average listing age was 80 days.

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

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