Last Sold Price
3 beds3,160 sqft$225/sqft
540 Loop Rd, Ely, MN 55731

Description

Here's a Northwoods retreat people dream about but rarely find. This handcrafted log home on Farm Lake wraps you in warmth the moment you walk in — over 2,400 sq ft, wrapped in timber and sunlight. The main level is designed for togetherness: new custom kitchen cabinets, quartz countertops, a comfortable dining area, and a living room anchored by a cozy wood-burning stove. Two bedrooms & a full bath complete this level. Head up to the 700+ sq ft loft, with soaring ceilings, built-ins, and sweeping...Here's a Northwoods retreat people dream about but rarely find. This handcrafted log home on Farm Lake wraps you in warmth the moment you walk in — over 2,400 sq ft, wrapped in timber and sunlight. The main level is designed for togetherness: new custom kitchen cabinets, quartz countertops, a comfortable dining area, and a living room anchored by a cozy wood-burning stove. Two bedrooms & a full bath complete this level. Head up to the 700+ sq ft loft, with soaring ceilings, built-ins, and sweeping views make the space feel tucked-away and inspiring an artist’s nook or simply reading a book while the pines sway outside your window. The walk-out level is its own retreat, featuring the Primary Suite, a utility/laundry room, and a rec room made for hosting. Private woods take you to the 220 ft of shoreline. Incredible view from the custom built 100 ft perm newer dock, complete with benches and a kayak step, makes slipping into the lake a breeze Best of all the BWCA is just a paddle away.
LISTING CLOSED: 02/07/2026 01:41 PM

Property Details for 540 Loop Road

Status
MLS #
6123162
Days on Compass
7
Taxes
$2,615 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Detached
Year Built
2007
Lot Size
2.60 AC / 113,256 SF
Architectural Style
Traditional
View
Inland Lake
Waterfront Features
Inland Lake
Waterfront YN
Yes

Location

Listing Courtesy of Z' Up North Realty

Sold By Ely Realty

Add your commute

Building Information for 540 Loop Road

Stories1Year Built2007Building Size-Lot Size2.60 AC / 113,256 SF

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Principal and Interest

$3,609

Property Taxes

$218

HOA Dues

$0

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Property Information for 540 Loop Road

Summary
Location and General Information
  • Directions: Hwy 169 N to Kawishiiwi Trail, Right to Bay Road, Left to Loop Road, right to fire number
  • Latitude: 48
  • Longitude: -92
  • DNR Lake Id Number: 38078200
  • Range: 11
  • Road Between Waterfront And Home: No
  • Waterfront Access: Private
  • Waterfrontage Feet: 220
  • MLSArea Major: LSAR
  • Township: 63
  • Zoning Description: Residential
Parking
  • Garage Spaces: 2.0
  • Garage Dimensions: 24 x 26
  • Garage Type: Detached
  • Parking Features: Detached
School Information
  • High School District: Ely #696
Taxes and HOA
  • Association YN: No
  • Taxes With Assessments: 2700
  • Twp Number: 63
  • Parcel Number: 28631133337
  • Tax Annual Amount: $2,615.00
  • Tax Legal Description: Legal to Govern Sec 33 T 63N RllW
  • Tax Year: 2025
Virtual Tour
Property
Lot Information
  • Above Grade Finished Area: 1580.0
  • Below Grade Finished Area: 1580.0
  • Living Area: 3160.0
  • Lot Features: Irregular Lot
  • Lot Size Acres: 2.6
  • Lot Size Dimensions: 225.00 x 475.00
  • Basement Square Feet: ***
  • Construction Type: Frame/Wood
  • Foundation Dimensions: 28 x 30
Property and Assessments
  • Development Status: Previously Owned
  • Assessment Balance: 85
  • Land Access: ***
  • New Construction YN: No
  • Possession: Close Escrow
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Public Survey Section: 33
  • Year Built: 2007
Utilities
  • Sewer: Private Sewer
  • Water Body Name: Farm
  • Water Source: Drilled
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Log
  • Exterior Features: Deck, Porch
  • Foundation Details: Concrete
  • Roof: Asphalt Shingle
  • Stories: 2
  • Stories Total: 1
Interior Features
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Basement: Full
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 1
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 3
  • Cooling: Window Unit(s)
  • Fireplace Features: Wood Burning
  • Fireplaces Total: 1
  • Fireplace YN: Yes
  • Heating: Wood, Electric
  • Laundry Features: Electric Dryer Hookup
  • Basement Features: Finished,Walkout,Bath,Bedrooms,Family/Rec Room,Utility Room,Washer Hook-Ups,Dryer Hook-Ups
  • Bath Description: Full Main Floor
  • Extra Rooms: Family/Rec,Utility Room
  • Main Floor Bedroom: 1
  • Mechanicals: Water Heater-Electric
Room Information
Room 1
  • RoomLength: 13.0
  • RoomLevel: Lower
  • RoomType: Family Room
  • RoomWidth: 23.0
Room 2
  • RoomLength: 16.0
  • RoomLevel: Main
  • RoomType: Bedroom
  • RoomWidth: 122.0
Room 3
  • RoomLength: 10.0
  • RoomLevel: Main
  • RoomType: Kitchen
  • RoomWidth: 13.0
Room 4
  • RoomLength: 10.0
  • RoomLevel: Main
  • RoomType: Living Room
  • RoomWidth: 11.0
Room 5
  • RoomLength: 10.0
  • RoomLevel: Upper
  • RoomType: Loft
  • RoomWidth: 10.0
Room 6
  • RoomLength: 10.0
  • RoomLevel: Main
  • RoomType: Bedroom 2
  • RoomWidth: 16.0
Room 7
  • RoomLength: 12.0
  • RoomLevel: Lower
  • RoomType: Bedroom 3
  • RoomWidth: 11.0
Room 8
  • RoomLength: 29.0
  • RoomLevel: Lower
  • RoomType: Utility Room
  • RoomWidth: 27.0
Agent
Agent Information
  • Listing Agent Primary Office: ***
Sale and Listing
  • Auction: No
  • Auction End Date: ***
  • LVTDate: 2025-12-15
  • Management Company: ***
  • Management Company Phone Email: ***
  • Power Company: City Of Ely
  • Transaction Type: For Sale
Rental
Rent Information
  • Leased Land: Owned
  • Lender Owned: No

Property History for 540 Loop Road

DateEvent & SourcePriceAppreciation
Feb 7, 2026

Sold

NorthStar #7000151

Feb 7, 2026

Pending

NorthStar #7000151

Feb 6, 2026

Sold

Lake Superior Area REALTORS #6123162

$710,000
DateEvent & SourcePrice
02/07/2026

Sold

NorthStar #7000151

02/07/2026

Pending

NorthStar #7000151

02/06/2026

Sold

Lake Superior Area REALTORS #6123162

$710,000

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

Public Records for 540 Loop Road

Taxable ValueLand$144,000Additions$368,300Total$512,300
Tax Record2025$2,700 ($225 / month)
Home Facts
Beds2Baths1Total Finished SqFt816 SqFtAbove Grade Finished SqFt816 SqFtStories1Lot Size114,127 SqFtStyleSingle Family ResidenceYear Built2005Year Renovated2005CountyLAKEAPN28-6311-33337

Schools near 540 Loop 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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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 02/06/2026 07:05 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.