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7436 Ely Lake Drive, Eveleth, MN 55734

$730,000

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Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 2,978 Lot Size (sq. ft.): 28,750 Status: Closed

Current Price: $730,000 List Date: 4/01/2025 Last Modified: 6/14/2026

Overview

Description

Experience the perfect blend of refined style and beauty in this efficient custom-built 2016 lakefront masterpiece-without the high lakefront taxes! Designed by a professional interior designer, this three-bedroom, four-bathroom home showcases high-end finishes and thoughtful details throughout. The main-floor primary suite is a true retreat, featuring his-and-hers closets, dual vanities, a spa-like walk-in shower, and a relaxing soaker tub. The open-concept living space flows seamlessly into the chef’s kitchen, boasting premium appliances such as an induction range and designer touches. Step outside onto the wrap-around composite deck and take in the serene lake views, or head down to the 32-foot dock and boathouse for a day on the water. The upper level offers a cozy second living area with a bar, perfect for entertaining or relaxing, plus access to a walkout deck with stunning lake views. A bonus room in the garage with a ¾ bath provides endless possibilities as an office, bedroo ... (Read more)

Listing Details MLS# 6692434

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: Yes
New Development: No
Road Btwn WF & Home?: Yes
Waterfront Frontage: 25
Waterfront YN: Yes
Year Built: 2016
Yearly/Seasonal: Yearly
Zoning: Shoreline, Residential-Single Family
Bath Full: Yes
Bath Three Quarters: 2
Bath Half: Yes
Main Floor Total SqFt: 1951
Above Grd Total SqFt: 2978
Total SqFt: 2978
Total Finished Sqft: 2978.00
FireplaceYN: No
Lake/Waterfront Name: Ely
Style: (SF) Single Family
Foundation Size: 1728
Power Company: Minnesota Power
Garage Stalls: 6
Lot Dimensions: 187x150; 25x20
Acres: 0.66
Assessment Pending: Yes
Number of Fireplaces: 0
Bath Quarter: 0
Below Grd Total SqFt: 0
Association Fee: 0

Property Features

Accessible: None Air Conditioning: Central Air Appliances: Air-To-Air Exchanger; Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Basement: None Bath Description: Main Floor 1/2 Bath; Main Floor 3/4 Bath; Main Floor Full Bath; Upper Level 3/4 Bath Construction Materials: Frame Construction Status: Previously Owned Dining Room Description: Kitchen/Dining Room Electric: 200+ Amp Service Elevation Highpoint to Waterfront Slope: Steep Exterior: Brick/Stone; Engineered Wood Financing Terms: Conventional Fireplace Characteristics: Electric; Gas Burning; Living Room; Primary Bedroom Foundation: None Fuel: Electric; Natural Gas Heating: Boiler; Dual Fuel/Off Peak; Forced Air; Heat Pump; In-Floor Heating Lake Details: Sand; Soft Laundry: Main Level Lock Box Type: Combo Lot Description: Accessible Shoreline Parking Characteristics: Multiple Garages; Heated Garage; Insulated Garage Road Frontage: Township Road Responsibility: Public Maintained Road Roof: Metal Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Special Search: Main Floor Bedroom; Main Floor Laundry; Main Floor Primary Stories: Two Water: Well Waterfront View: Lake; Panoramic; West

Contract Information

Off Market Date: 2025-06-13
Contingency: None
Closed Date: 2025-06-13
Original List Price: 749000
Sales Close Price: 730000
ListPrice: 749000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 7436
Street Name: Ely Lake Drive
Postal City: Eveleth
County: St. Louis
State: MN
Zip Code: 55734

Additional Parcels Information

Property ID #2: 340004000833

Assessments

Assessment Balance: 85
Tax With Assessments: 5706

More Information

Basement

Foundation Dimensions: 48x36
None: Yes

Building Information

Finished SqFt Above Ground: 2978

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet: 4-10

Lake Details

Lake Acres: 723
Lake Depth: 70
Sand: Yes
Soft: Yes

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 48x36
Garage Square Feet: 1728
Multiple Garages: Yes
Heated Garage: Yes
Insulated Garage: Yes

Public Survey Info

Range#: 17
Section#: 2
Township#: 57

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: Lengthy; see attached addendum
Listing City: Eveleth
Map Page: 999
Municipality: Eveleth
DNR Lake ID#: 69066000
DNR Lake Classification: General Development
Property ID Number: 340004000730
Tax Year: 2025
Tax Amount: 5621
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Experience the perfect blend of refined style and beauty in this efficient custom-built 2016 lakefront masterpiece-without the high lakefront taxes! Designed by a professional interior designer, this three-bedroom, four-bathroom home showcases high-end finishes and thoughtful details throughout. The main-floor primary suite is a true retreat, featuring his-and-hers closets, dual vanities, a spa-like walk-in shower, and a relaxing soaker tub. The open-concept living space flows seamlessly into the chef’s kitchen, boasting premium appliances such as an induction range and designer touches. Step outside onto the wrap-around composite deck and take in the serene lake views, or head down to the 32-foot dock and boathouse for a day on the water. The upper level offers a cozy second living area with a bar, perfect for entertaining or relaxing, plus access to a walkout deck with stunning lake views. A bonus room in the garage with a ¾ bath provides endless possibilities as an office, bedroom, or rec room. For ultimate convenience, the home features main-floor laundry, central air, and in-floor heating throughout, including the attached four-stall garage—plus an additional two-stall detached garage for extra storage and parking. Built for efficiency, this home boasts minimal utility costs, a durable metal roof, and high-performance systems. This is a rare opportunity to own a luxury lakefront estate on Ely Lake. Furnishings are negotiable for a move-in-ready experience. Schedule your private tour today!
Directions: Heading S on Hwy 53, turn L onto Miller trunk Roadfor 1.3 mi; Turn L into Ely Lake Dr. for 1.7mi; destination on right

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Appliances

Air-To-Air Exchanger: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Bath Description

Main Floor 1/2 Bath: Yes
Main Floor 3/4 Bath: Yes
Main Floor Full Bath: Yes
Upper Level 3/4 Bath: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Kitchen/Dining Room: Yes

Electric

200+ Amp Service: Yes

Elevation Highpoint to Waterfront Slope

Steep: Yes

Exterior

Brick/Stone: Yes
Engineered Wood: Yes

Financing Terms

Conventional: Yes

Fireplace Characteristics

Electric: Yes
Gas Burning: Yes
Living Room: Yes
Primary Bedroom: Yes

Foundation

None: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Boiler: Yes
Dual Fuel/Off Peak: Yes
Forced Air: Yes
Heat Pump: Yes
In-Floor Heating: Yes

Insurance Fee

Insurance Fee: 0

Laundry

Main Level: Yes

Lock Box Type

Combo: Yes

Lot Description

Accessible Shoreline: Yes

Patio, Porch and Deck Features

Composite Decking: Yes
Deck: Yes

Road Frontage

Township: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Metal: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Special Search

Main Floor Bedroom: Yes
Main Floor Laundry: Yes
Main Floor Primary: Yes

Stories

Two: Yes

Water

Well: Yes

Waterfront View

Lake: Yes
Panoramic: Yes
West: Yes

Room Information

Room Name	Dimensions	Level
Laundry	12x11	Main
Office	22x13	Main
Family Room	20x17	Upper
Living Room	21x17	Main
Dining Room	15x11	Main
Kitchen	16x15	Main
Third (3rd) Bedroom	27x12	Upper
Second (2nd) Bedroom	22x11	Upper
First (1st) Bedroom	21x14	Main

Listing Office: My Place Realty, Inc.

Last Updated: June - 14 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.