$10,000

closing credit¹

590 Riverview Rd Ely, MN 55731

$1,495,000
4 beds
1 full, 1 partial
2,846 sqft
$525 / sqft
House

Property details

About 590 Riverview Rd

Once in a lifetime, gem property only available due to a job change! Nearly new, custom built 1-1/2 story year-round lake home, 4 bed,3 bath,3 car garage, sits on 2.4 acres on the shores of Farm Lake, with 212 feet of level shoreline! Amazing wooded lot with very gradual elevation to the lake (no stairs to get to the dock!) and beautiful views from every window(south facing to the loake)! With this much amazing nature and wildlife it is hard to believe that you are only 5 miles from the quaint town of Ely with an array of shops, restaurants and live music. This home will stun from the moment you walk in the door, with vaulted ceilings over the Great Room, beautiful 2 story stone fireplace, custom 2 story Marvin windows to view lake and sky. Great open floor plan with large chefs kitchen that feature custom cabinetry, leathered granite countertops, stainless appliances, wall oven, custom venthood above the range and a pantry, as well as a large island! Open to the dining area with access to the large patio for outdoor dining and relaxing. There's also a beautiful sunroom with a stone fireplace to enjoy your morning coffee or curl up with a good book! Main floor primary suite with large windows for amazing day time and night time views, as well as a walk-in closet, ensuite bath with double sinks and tiled walk-in shower! There is a mud room/laundry room with built in cubby system right off the oversized 3 car heated garage for added convenience. Luxury plank flooring and tile throughout the main level with in-floor heat (as well as forced air and central AC). The upper level has an amazing family room with open loft for spectacular views of the lake and woods! There are also 2 bedrooms on the upper level, as well as another flex room -- bunk room, bedroom, office, craft room, you decide! There is a full bathroom and dual vanity upstairs as well! Back outside along with the amazing nature views, this home shines with its Smart LP engineered wood siding, stonework, a porch, a patio and a flagstone firepit area with a path to the dock and lake! There is a storage shed. Compliant septic system and well. This property is a boater/fisherman's paradise, Farm Lake itself is over 1200 acres with restaurants and resorts on the lake, access to the White Iron Chain of lakes more than 6,000 acres, The Kawishiwi River and direct access to the BWCA, you will never tire of the lake! Don't miss another day in this paradise!

Highlights

Home typeSingle Family Residence
HeatingForced Air, Fireplace(s), Radiant Floor
StatusActive
CoolingCentral Air
Size2,846 sqft
Year built2023
ParkingAttached Garage, Electric, Floor Drain, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, Storage
MLS #6653751
Attached garage3 spaces
WaterfrontDock, Lake Front, Lake
FireplaceCirculating, Gas, Living Room, Stone
ViewLake, Panoramic, Other

Virtual tour

Summary

  • MLS Number: 6653751
  • MLS Name: NORTHSTAR
  • Office Name: Realty Group LLC

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$1,495,000

590 Riverview Rd

$10,000

closing credit¹

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Seller rebate

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Price information

Property sales

DateEventPrice
Sep 23, 2020
Home Sold
$150,000

Tax history

YearAssessmentProperty Tax
2024$836,100$4,649
2023$646,200$-
2022$299,800$-
2021$146,000$18
2020$162,200$18
2018$184,700$196
2017$195,000$1,823

History based on county public records data.

Nearby schools

7

Washington Elementary School

Public District PK-5

5.5 mi

600 E Harvey St

4

Babbit Elementary School

Public District PK-6

17.0 mi

30 South Dr

2

Tower-Soudan Elementary School

Public District PK-6

25.7 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. The majority of Ely, MN residents have income between $35k-100k annually. The majority of families are married, no kids. Residents of this area typically 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

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Frequently asked questions

About 590 Riverview Rd

This home is located at 590 Riverview Rd in Ely, MN and zip code 55731. This 2,846 square foot home was built in 2023. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 29, 2025 and is currently priced at $1,495,000.

In January 2025, from all listings sold in Ely, MN there were more than 2 sold above asking price, over 7 sold below and more than 1 were sold right at the asked price. The inventory of homes for sale in Ely, MN between December and January 2025 increased by 7.7%. While the average time on the market in January 2025 was 87 days, the median list price was $183,500.

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

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