Last Sold Price
5 beds5,250 sqft$667/sqft
3231 Wolf Lake Rd, Ely, MN 55731

Description

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...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!
LISTING CLOSED: 07/18/2025 12:00 AM

  1. Listed by Andrea Zupancich • Z' Up North Realty
    P: (218) 749-0159 andrea@zupnorth.com

Property Details for 3231 Wolf Lake Road

Status
MLS #
6114471
Days on Compass
175
Pet Policy
-
Taxes
$14,852 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Residence
Year Built
2007
Architectural Style
Traditional
View
Bay, River
Waterfront Features
Inland Lake
Waterfront YN
Yes

Recent comparable sales

Median sold price

$500,000

Avg days on market

91

Sale-to-list ratio

91.8%

Ely, MN

9 comparable properties found

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1

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4,812
Square Feet
5
Acres
$799,000 | 1545 North Pioneer Road, Ely, MN 55731
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Sold 06/18/25

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Bedrooms
4,300
Square Feet
2
Acres
$625,000 | 889 East 308th South Street, Ely, NV 89301
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Square Feet
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Acres
$819,000 | 13362 Pine Road, Ely, MN 55731
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Unavailable
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Square Feet
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Acres
$420,000 | 2665 Highway 490, Ely, NV 89301
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Bedrooms
3,192
Square Feet
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Acres

Location

Listing Courtesy of Z' Up North Realty

Sold By Bear Island Realty LLC

Add your commute

Building Information for 3231 Wolf Lake Road

Building/Complex3231 Wolf Lake RdFloor-Stories2Pet Policy-Pet Policy Details-Year Built2007Building Size-

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$19,028 per month

30 year fixed, 6.55% Interest

Principal and Interest

$17,790

Property Taxes

$1,238

HOA Dues

$0

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Property Information for 3231 Wolf Lake Road

Summary
Location and General Information
  • Directions: Hwy 169 to Wolf Lake Rd to Firenumber
  • Latitude: 48
  • Longitude: -92
  • Road Between Waterfront And Home: No
  • Shoreline Characteristics: Gravel,Rocky,Sand,Shore-Accessible
  • Waterfront Access: Private
  • Waterfrontage Feet: 1155
  • MLSArea Major: LSAR
  • Road Frontage Type: County Road
  • Road Responsibility: None
  • Township: Morse Twp
Parking
  • Garage Spaces: 2.0
  • Garage Dimensions: 25x32
  • Garage Features: Apartment,Bathroom,Bedroom,Drains,Electrical Service,Heat,Insulation,Slab
  • Garage Type: Detached,Multiple
  • Parking Features: Gravel
School Information
  • High School District: Ely #696
Taxes and HOA
  • Association YN: No
  • Taxes With Assessments: 14937
  • Parcel Number: 465-0040-05145 and 465-0040-05170
  • Tax Annual Amount: $14,852.00
  • Tax Legal Description: Legal to govern PC 465-0040-05145 and 465-0040-05170
  • Tax Year: 2024
Virtual Tour
Property
Lot Information
  • Above Grade Finished Area: 3500.0
  • Below Grade Finished Area: 1750.0
  • Building Area Total: 5250.0
  • Living Area: 5250.0
  • Lot Features: Accessible Shoreline, Irregular Lot, Many Trees, Underground Utilities, Level, Pond(s), Rolling Slope, BWCA Access
  • Lot Size Acres: 20.0
  • Lot Size Dimensions: 644x471x1074x332x939x218
  • Basement Square Feet: ***
  • Construction Type: Frame/Wood
  • Foundation Dimensions: 10x20,13x16x13x20x14x17x22x36
  • Other Structures: Boat House, Pole Building, Guest House, Studio
Property and Assessments
  • Development Status: Completed
  • Assessment Balance: 85
  • Land Access: ***
  • Property Adjoins Public Land: No
  • Remodeled Addition: No
  • New Construction YN: No
  • Possession: Close Escrow
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Public Survey Section: 32
  • Year Built: 2007
Utilities
  • Sewer: Private Sewer
  • Water Body Name: Burntside
  • Water Source: Private
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Elevator
  • Construction Materials: Stone, Wood
  • Exterior Features: Balcony, Deck, Dock, Patio, Outdoor Kitchen, Gutters & Downspouts
  • Foundation Details: Concrete
  • Roof: Metal
  • Stories: 2
  • Stories Total: 2
Interior Features
  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Range, Refrigerator, Wall Oven, Washer
  • Basement: Full
  • Bathrooms Full: 2
  • Bathrooms Half: 2
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 2
  • Bathrooms Total Integer: 6
  • Bedrooms Total: 5
  • Cooling: Central Air
  • Fireplace Features: Multiple
  • Fireplaces Total: 4
  • Fireplace YN: Yes
  • Heating: Forced Air, Propane
  • Interior Features: Ceiling Fan(s), Eat In Kitchen, Ethernet Wired, Garage Door Opener(s), Hardwood Floors, Hot Tub, Kitchen Island, Natural Woodwork, Sauna, Security System, Tiled Floors, Walk-In Closet(s), Wet Bar, Beamed Ceilings, Paneled, Patio Door, Main Floor Laundry, Second Floor Laundry
  • Laundry Features: Main Level, Upper Level
  • Basement Features: Egress Windows,Finished,Walkout,Bath,Den/Office,Family/Rec Room,Fireplace,Kitchen,Utility Room
  • Bath Description: 3/4 Basement,Full Master,1/2 Main Floor,Rough In,3/4 Upper,Full Upper
  • Dining Room Type: Breakfast Bar,Combine with Kitchen,Combine with Living Room,Eat-In Kitchen,Informal Dining Room
  • Extra Rooms: Den/Office,Enclosed Porch,Family/Rec,Mud Room,Spa/Sauna,Sitting/Parlor,Sunrm/Solarium,Utility Room,Media Room,4 Season Porch,Fitness Room,Foyer,Wine Cellar
  • Main Floor Bedroom: 0
  • Window Features: Double Glazed, Energy Windows, Wood Frames
Room Information
Room 1
  • RoomDescription: Granite Counters, Birch Cabinets, Sub Zero Freezer, Wolf Stove, Multilevel Breakfast Bar. Tulikivi green soapstone fireplace with pizza oven.
  • RoomLength: 17.9
  • RoomLevel: Upper
  • RoomType: Bathroom
  • RoomWidth: 11.5
Room 2
  • RoomDescription: Informal dining with Marvin Sliding doors to patio over looking lake
  • RoomLength: 15.0
  • RoomLevel: Lower
  • RoomType: Den
  • RoomWidth: 11.0
Room 3
  • RoomDescription: Built in Bookshelves, stunning views of the lake and river bridge
  • RoomLength: 17.1
  • RoomLevel: Main
  • RoomType: Dining Room
  • RoomWidth: 18.9
Room 4
  • RoomDescription: Windows all fold back to allow for screens to come down and enjoy the soothing sounds of the River. Deck off the front, Tulikivi Soapstone fp
  • RoomLength: 15.9
  • RoomLevel: Upper
  • RoomType: Bedroom
  • RoomWidth: 17.4
Room 5
  • RoomDescription: Built in Coat cubbies, washer and dryer, cabinets, granite counters, built in center bench and deep farms style sink.
  • RoomLength: 12.0
  • RoomLevel: Main
  • RoomType: Kitchen
  • RoomWidth: 10.9
Room 6
  • RoomDescription: With Juliette Balcony, large an spacious
  • RoomLength: 19.4
  • RoomLevel: Upper
  • RoomType: Laundry
  • RoomWidth: 18.1
Room 7
  • RoomDescription: in the master suite, soaking jetted tub, large walk in shower, double sink with granite counter
  • RoomLength: 17.5
  • RoomLevel: Main
  • RoomType: Living Room
  • RoomWidth: 10.7
Room 8
  • RoomDescription: With own 3/4 bath (13x12.6)
  • RoomLength: 13.0
  • RoomLevel: Main
  • RoomType: Mud Room
  • RoomWidth: 12.6
Room 9
  • RoomDescription: with own full bath (6x9), built in bookcases and reading nook
  • RoomLength: 18.6
  • RoomLevel: Lower
  • RoomType: Recreation Room
  • RoomWidth: 20.3
Room 10
  • RoomDescription: Granite counters, built in cabinetry
  • RoomLength: 6.6
  • RoomLevel: Upper
  • RoomType: Bedroom 2
  • RoomWidth: 10.9
Room 11
  • RoomDescription: with own wet bar, dishwasher & fridge. Built-in bookcase which is a secret door to the underground passage to the garage and soapstone fireplace
  • RoomLength: 30.0
  • RoomLevel: Main
  • RoomType: Sun Room
  • RoomWidth: 20.6
Agent
Agent Information
  • Listing Agent Primary Office: ***
Sale and Listing
  • Auction: No
  • Auction End Date: ***
  • LVTDate: 2024-06-21
  • Management Company: ***
  • Management Company Phone Email: ***
  • Power Company: Lake Country Power,Other
  • Transaction Type: For Sale
Rental
Rent Information
  • Leased Land: Owned
  • Lender Owned: No
  • Occupant Type: Owner

Property History for 3231 Wolf Lake Road

DateEvent & SourcePriceAppreciation
Jul 18, 2025

Sold (Public Record)

Public Record #1912664475

$3,500,000

+7.4% / yr

Jul 18, 2025

Sold

Range Association of REALTORS #146940

$3,500,000
Jul 18, 2025

Sold

Lake Superior Area REALTORS #6114471

$3,500,000
DateEvent & SourcePrice
07/18/2025

Sold (Public Record)

Public Record #1912664475

$3,500,000

+7.4% / yr

07/18/2025

Sold

Range Association of REALTORS #146940

$3,500,000
07/18/2025

Sold

Lake Superior Area REALTORS #6114471

$3,500,000

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

Public Records for 3231 Wolf Lake Road

Taxable ValueLand$610,800Additions$1,594,600Total$2,205,400
Tax Record2026$18,158 ($1,513 / month)
Home Facts
Beds4Baths2.8Total Finished SqFt4,971 SqFtAbove Grade Finished SqFt3,209 SqFtFinished Basement SqFt1,762 SqFtUnfinished Basement SqFt234 SqFtStories2Lot Size729,630 SqFtStyleSingle Family ResidenceYear Built2007Year Renovated2007ZoningRESCountyST. LOUISAPN465-0040-05145

Schools near 3231 Wolf Lake Road

This home is within Ely Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Washington Elementary School
PublicPK to 5

Memorial Middle School
Public6 to 8

Memorial Secondary
Public9 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 3231 Wolf Lake Road, Ely, MN 55731
$3,500,000
5
5,250
871,200
$1,150,000
5
7,750
235,224
4
3.5
2,994
461,736
8,712
3
1.75
1,274
114,127
$245,000
1
1,150
87,120

Explore Nearby Homes

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 Z' Up North Realty

Based on information submitted to the MLS GRID as of 07/18/2025 08:03 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.