Active
4 beds2,720 sqft
139 Fernberg Rd, Ely, MN 55731
Est: $4,064/moGet pre-approved
Single FamilyProperty Type
4.5 acresLot Size
1982Year Built
$248/sq ftPrice per sq ft
4 carsParking Spaces

Description

Discover the kind of Northwoods property that rarely comes available. This beautiful west facing custom built, one owner home is privately set on 4.5 acres of diverse forest, surrounded by majestic pines and overlooking the scenic Shagawa River. With more than 1,200 feet of river frontage and breathtaking water and forest views, this is a true Ely area treasure. Inside, the main level welcomes you with a dramatic vaulted cedar paneled living room, abundant natural beauty, and walkout access to a...Discover the kind of Northwoods property that rarely comes available. This beautiful west facing custom built, one owner home is privately set on 4.5 acres of diverse forest, surrounded by majestic pines and overlooking the scenic Shagawa River. With more than 1,200 feet of river frontage and breathtaking water and forest views, this is a true Ely area treasure. Inside, the main level welcomes you with a dramatic vaulted cedar paneled living room, abundant natural beauty, and walkout access to a 21' x 8' deck overlooking the river. The spacious kitchen and dining area are ideal for entertaining, while a gorgeous two-sided field stone fireplace creates a stunning focal point shared by both spaces. The main level offers a river facing primary bedroom and second bedroom, each with cedar lined closets, plus a welcoming foyer with two additional closets. The finished walkout lower level expands the living space with two more river facing bedrooms, a 3/4 bath featuring an electric sauna, and a spacious family room centered around a second double sided wood burning brick fireplace. Walk out directly to the outdoors and enjoy the surrounding woods and river. A bonus area offers flexibility for an exercise room, home office, studio, or future finished space. Storage is plentiful throughout the home, and the attached two-stall garage provides convenient direct access into the foyer. Outside, a large detached garage and shop offers exceptional room for vehicles, boats, recreational equipment, projects, and storage. Additional features include cedar siding, drilled well, and a new four bedroom septic system scheduled for replacement this fall or next spring. Meticulously maintained and move in ready, this property combines the privacy and beauty of a North woods getaway with the convenience of being just a few miles from Ely. Whether you're looking for a year round home, a private family retreat, or a place to enjoy everything the Ely area has to offer, this exceptional riverfront property deserves a look. A very short distance from direct access to Fall Lake, a large, classic North woods lake with direct BWCAW wilderness access. River. Woods. Privacy. Space. Views. And just minutes from Ely. This is North woods living at its finest.
4 days on Market
  • Listed by: Patricia Bulinski 218.349.5595 trishab@citlink.net • Bear Island Realty LLC
Last updated: 10/03/2026 08:01 PM • Source: Lake Superior Area REALTORS as distributed by MLS GRID, MLS#: 6128277

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Listing Courtesy of Bear Island Realty LLC
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$4,064 per month

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Property Information for 139 Fernberg Road

Property Details
  • Taxes: $5,591 / year
  • MLS Type: Residential / Single Family Detached
  • County: Lake County
  • Architectural Style: Traditional
  • View: River
  • Waterfront Features: River
  • Waterfront YN: Yes
Building Information
  • Stories: 1
  • Year Built: 1982
  • Lot Size: 4.50 AC / 196,020 SF
Summary
Location and General Information
  • Directions: Follow Sheridan East out of town to 169 N, pass Winton, cross Shagawa River bridge to sign and address on left 139 Fernberg Rd. Turn in and stay left until you reach the home.
  • Latitude: 48
  • Longitude: -92
  • Range: 11W
  • Road Between Waterfront And Home: No
  • Waterfront Access: Private
  • Waterfrontage Feet: 1247
  • MLSArea Major: LSAR
  • Road Frontage Type: County Road, Paved Road
  • Road Responsibility: Public Maintained Road
  • Township: Fall Lake township (Lake County)
Parking
  • Garage Spaces: 4.0
  • Garage Dimensions: 25 x 26 attached 31 x 29 detached
  • Garage Features: Drains,Heat,Insulation,Plumbing,Slab
  • Garage Type: Attached,Detached
  • Parking Features: Off Street, Asphalt
School Information
  • High School District: Ely #696
Taxes and HOA
  • Association YN: No
  • Taxes With Assessments: 5676
  • Twp Number: 63N
  • Parcel Number: 28-6311-19600 & portion of 19375
  • Tax Annual Amount: $5,591.00
  • Tax Legal Description: Lengthy Legal see Attached Exhibit "A" THAT PART OF GOVT LOTS 4 & 6 DESC AS LOT 3
  • Tax Year: 2026
Property
Lot Information
  • Above Grade Finished Area: 1420.0
  • Below Grade Finished Area: 1300.0
  • Living Area: 2720.0
  • Lot Features: Low, Tree Coverage - Medium, High, Level
  • Lot Size Acres: 4.5
  • Lot Size Dimensions: Irregular
  • Basement Square Feet: ***
  • Construction Type: Frame/Wood
  • Foundation Dimensions: 22 x 46
Property and Assessments
  • Development Status: Previously Owned
  • Assessment Balance: 85
  • Land Access: ***
  • Property Adjoins Public Land: No
  • Property Sub Type: Single Family Detached
  • Property Type: Residential
  • Year Built: 1982
Utilities
  • Sewer: Private Sewer
  • Water Body Name: Shagawa
  • Water Source: Private, Drilled
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood
  • Foundation Details: Concrete
  • Roof: Asphalt Shingle
  • Stories Total: 1
Interior Features
  • Appliances: Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer
  • Basement: Full, Slab
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 4
  • Cooling: Central Air
  • Fireplace Features: Wood Burning
  • Fireplaces Total: 2
  • Fireplace YN: Yes
  • Heating: Fireplace(s), Forced Air, Wood, Propane
  • Basement Features: Egress Windows,Finished,Walkout,Bath,Bedrooms,Family/Rec Room,Fireplace,Utility Room,Washer Hook-Ups,Dryer Hook-Ups
  • Bath Description: 3/4 Basement,3/4 Main Floor
  • Dining Room Type: Formal Dining Room
  • Extra Rooms: Spa/Sauna
Room Information
Room 1
  • RoomDescription: Faces river, carpet, classic field stone wood Burning fireplace w/ blower, walkout to upper 21 x 8 deck
  • RoomLength: 21.0
  • RoomLevel: Main
  • RoomType: Living Room
  • RoomWidth: 17.0
Room 2
  • RoomDescription: Stone fireplace, carpet, knotty pine walls
  • RoomLength: 19.0
  • RoomLevel: Main
  • RoomType: Dining Room
  • RoomWidth: 12.0
Room 3
  • RoomLength: 11.0
  • RoomLevel: Main
  • RoomType: Kitchen
  • RoomWidth: 10.0
Room 4
  • RoomDescription: Carpet, Cedar lined closet
  • RoomLength: 12.0
  • RoomLevel: Main
  • RoomType: Bedroom
  • RoomWidth: 12.0
Room 5
  • RoomDescription: Carpet, Cedar lined closets
  • RoomLength: 15.0
  • RoomLevel: Main
  • RoomType: Primary Bedroom
  • RoomWidth: 12.0
Room 6
  • RoomDescription: Cedar lined closet
  • RoomLength: 12.0
  • RoomLevel: Lower
  • RoomType: Bedroom
  • RoomWidth: 10.0
Room 7
  • RoomDescription: Carpet, Cedar lined closet
  • RoomLength: 12.5
  • RoomLevel: Lower
  • RoomType: Bedroom
  • RoomWidth: 11.5
Room 8
  • RoomDescription: Two sided brick wood burning fireplace w/ blower, carpeted, walkout with river views and cement patio
  • RoomLength: 32.0
  • RoomLevel: Lower
  • RoomType: Great Room
  • RoomWidth: 21.0
Room 9
  • RoomDescription: Laundry room shared with mechanicals (pressure tank, electric box, HW heater and furnace), some unfinished walls & ceilings.
  • RoomLength: 15.0
  • RoomLevel: Lower
  • RoomType: Laundry
  • RoomWidth: 8.0
Room 10
  • RoomDescription: Unfinished walls and ceilings
  • RoomLength: 10.0
  • RoomLevel: Lower
  • RoomType: Storage
  • RoomWidth: 8.0
Room 11
  • RoomDescription: Step in Shower, linen closet
  • RoomLength: 10.0
  • RoomLevel: Main
  • RoomType: Bathroom
  • RoomWidth: 8.0
Agent
Agent Information
  • Listing Agent Primary Office: ***
Sale and Listing
  • Auction: No
  • Auction End Date: ***
  • LVTDate: 2026-10-01
  • Management Company: ***
  • Management Company Phone Email: ***
  • Power Company: Lake Country Power
  • Transaction Type: For Sale
Rental
Rent Information
  • Leased Land: Owned
  • Lender Owned: No

Property History for 139 Fernberg Road

DateEvent & SourcePriceAppreciation
Sep 30, 2026

Listed (Active)

Lake Superior Area REALTORS #6128277

$674,000—
Nov 2, 2022

Sold (Public Record)

Public Record #1501352082

$3,000—
Apr 30, 2008

Off Market

Lake Superior Area REALTORS #1862091

$825,000—
DateEvent & SourcePrice
09/30/2026

Listed (Active)

Lake Superior Area REALTORS #6128277

$674,000
11/02/2022

Sold (Public Record)

Public Record #1501352082

$3,000
04/30/2008

Off Market

Lake Superior Area REALTORS #1862091

$825,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 139 Fernberg Road

Taxable ValueLand$252,100Additions$797,100Total$1,049,200
Tax Record2026$5,591 ($466 / month)
Home Facts
Beds2Baths1.8Total Finished SqFt1,600 SqFtAbove Grade Finished SqFt1,600 SqFtStories1Lot Size1,076,803 SqFtStyleSingle Family ResidenceYear Built1982Year Renovated1985CountyLAKEAPN28-6311-19375

Schools near 139 Fernberg Road

This home is within Lake Superior Public School Dist..
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Rating
School
Distance
William Kelley Elementary School
PublicPK to 5

Kelley Secondary
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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139 Fernberg Road is a single family home for sale in Ely, MN 55731. This property was listed for sale on September 30, 2026 by Bear Island Realty LLC, it's currently listed at $674,000. It has been on the market for a total of 4 days and was last sold on November 2, 2022. This listing's school district is Lake Superior Public School Dist.. Nearby schools include William Kelley Elementary School and Kelley Secondary. 139 Fernberg Road is a 4-bed, 2-bath, 2,720 sqft single family home built in 1982.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Bear Island Realty LLC

Based on information submitted to the MLS GRID as of 10/03/2026 08:01 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.