3206 Shady Rest Rd

Ely, MN 55731

$710,200
Last Sold Price
2
Beds
1,768 Sq. Ft.
$402 / Sq. Ft.
1,768
Sq. Ft.
$402
per Sq. Ft.
Sold 8/29/25
Sold 8/29/25

Description

Located on the shores of White Iron Lake in Ely, Mn, this stunning property features +/-2.7 acres of well-manicured trails, perennial gardens, and majestic pines. The +/- 240’ of level shoreline provides phenomenal westerly views and great swimming. The beautiful 2-bedroom, 2-bath energy efficient home was built by Barry Bissonette, a well-known log contractor in the area – using only the best building materials for our climate – including red cedar logs from British Columbia and a “polar roof” (extra...Located on the shores of White Iron Lake in Ely, Mn, this stunning property features +/-2.7 acres of well-manicured trails, perennial gardens, and majestic pines. The +/- 240’ of level shoreline provides phenomenal westerly views and great swimming. The beautiful 2-bedroom, 2-bath energy efficient home was built by Barry Bissonette, a well-known log contractor in the area – using only the best building materials for our climate – including red cedar logs from British Columbia and a “polar roof” (extra insulated designed for harsh Alaskan winters). The home features a large living/dining room with a wood burning fireplace, spectacular lake views, main-floor bed and bath, and an updated kitchen with solid surface counters and stainless appliances. The walk-out lower primary suite features in-floor heat, corner wood stove, a built-in desk, and a sitting area with ideal lake views. Private ¾ bath with a sauna plus a laundry/utility room complete the lower level. At the shore you will find a lovely water accessory building, quality dock and boat lift. The 2.5-stall detached garage provides additional storage for all your lake toys! This property comes with a shared boat launch just down the road. Additional acreage and lakeshore are available. Home is being sold furnished - so move right it and enjoy lake living at its finest.

Property Details for 3206 Shady Rest Road

Architectural Style
Ranch
View
Inland Lake, Panoramic
Waterfront Features
Inland Lake
Waterfront YN
Yes
LISTING UPDATED: 08/30/2025 08:05 PM

Property Details for 3206 Shady Rest Road

StatusSold
MLS #6120378
Days on Compass38
Taxes$4,433 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Detached
Year Built1992
Lot Size2.69 AC / 117,176 SF
CountyLake County

Location

Listing Courtesy of Bear Island Realty LLC

Sold By Canoe Capital Realty, LLC

Add your commute

Building Information for 3206 Shady Rest Road

Stories1Year Built1992Building Size-Lot Size2.69 AC / 117,176 SF

Payment Calculator

$3,831 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,461

Property Taxes

$369

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3206 Shady Rest Road

Summary
Location and General Information
  • Directions: From Ely, follow Hwy 169E to Kawishiwi Trail, take a right. Follow to Sunset Road, take a right. Follow to Shady Rest, take a right and then at the T take a left to the property address on your right.
  • Latitude: 48
  • Longitude: -92
  • Road Between Waterfront And Home: No
  • Waterfront Access: Private
  • Waterfrontage Feet: 240
  • MLSArea Major: LSAR
  • Road Frontage Type: Private Road
  • Road Responsibility: Association Maintained Road
Parking
  • Garage Spaces: 2.0
  • Garage Type: Detached
  • Parking Features: Gravel
School Information
  • High School District: Lake Superior #381
Taxes and HOA
  • Association Fee Frequency: Yearly
  • Association YN: No
  • Taxes With Assessments: 4518
  • Parcel Number: 28-6225-01080
  • Tax Annual Amount: $4,433.00
  • Tax Legal Description: Lot 8, Block 1, and an undivided 1/26 in Lot 2, Block 1 White Iron's Shady Rest
  • Tax Year: 2025
Virtual Tour
Property
Lot Information
  • Above Grade Finished Area: 884.0
  • Below Grade Finished Area: 884.0
  • Living Area: 1768.0
  • Lot Features: Landscaped, Many Trees, Level
  • Lot Size Acres: 2.69
  • Lot Size Dimensions: 250' x 400'
  • Basement Square Feet: ***
  • Construction Type: Log Home
  • Foundation Dimensions: 26' x 34'
  • Other Structures: Boat House
Property and Assessments
  • Development Status: Previously Owned
  • Assessment Balance: 85
  • Land Access: ***
  • Remodeled Addition: No
  • Possession: Immediate
  • Property Sub Type: Single Family Detached
  • Property Type: Residential
  • Year Built: 1992
Utilities
  • Sewer: Private Sewer, Mound Septic
  • Water Body Name: White Iron
  • Water Source: Private, Drilled
Interior and Exterior Features
Exterior Features
  • Construction Materials: Log, Wood
  • Exterior Features: Deck, Dock
  • Foundation Details: Concrete
  • Roof: Asphalt Shingle
  • Stories Total: 1
Interior Features
  • Appliances: Dryer, Exhaust Fan, 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: 2
  • Cooling: Ductless Mini-Split
  • Fireplace Features: Wood Burning
  • Fireplaces Total: 2
  • Fireplace YN: Yes
  • Heating: Baseboard, Fireplace(s), In Floor Heat, Wood, Electric
  • Interior Features: Ceiling Fan(s), Hardwood Floors, Natural Woodwork, Sauna, Vaulted Ceiling(s)
  • Basement Features: Egress Windows,Finished,Walkout,Bath,Bedrooms,Utility Room,Washer Hook-Ups,Dryer Hook-Ups
  • Bath Description: 3/4 Basement,Full Main Floor
  • Main Floor Bedroom: 1
Room Information
Room 1
  • RoomLength: 19.0
  • RoomLevel: Main
  • RoomType: Living Room
  • RoomWidth: 15.0
Room 2
  • RoomLength: 10.0
  • RoomLevel: Main
  • RoomType: Dining Room
  • RoomWidth: 12.0
Room 3
  • RoomLength: 10.0
  • RoomLevel: Main
  • RoomType: Kitchen
  • RoomWidth: 10.0
Room 4
  • RoomLength: 11.0
  • RoomLevel: Main
  • RoomType: Bedroom
  • RoomWidth: 12.0
Room 5
  • RoomLength: 20.0
  • RoomLevel: Lower
  • RoomType: Primary Bedroom
  • RoomWidth: 24.0
Room 6
  • RoomLength: 13.0
  • RoomLevel: Lower
  • RoomType: Laundry
  • RoomWidth: 10.0
Agent
Agent Information
  • Listing Agent Primary Office: ***
Sale and Listing
  • Auction: No
  • Auction End Date: ***
  • LVTDate: 2025-06-27
  • Management Company: ***
  • Management Company Phone Email: ***
  • Power Company: Minnesota Power
  • Transaction Type: For Sale
Rental
Rent Information
  • Leased Land: Owned
  • Lender Owned: No

Property History for 3206 Shady Rest Road

DateEvent & SourcePriceAppreciation
Aug 29, 2025

Sold

Lake Superior Area REALTORS #6120378

$710,200—
Aug 27, 2025

Sold (Public Record)

Public Record #1912162190

$710,200—
Aug 3, 2025

Pending

Lake Superior Area REALTORS #6120378

—
Jun 26, 2025

Listed (Active)

Lake Superior Area REALTORS #6120378

$765,000—
DateEvent & SourcePrice
08/29/2025

Sold

Lake Superior Area REALTORS #6120378

$710,200
08/27/2025

Sold (Public Record)

Public Record #1912162190

$710,200
08/03/2025

Pending

Lake Superior Area REALTORS #6120378

—
06/26/2025

Listed (Active)

Lake Superior Area REALTORS #6120378

$765,000

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

Public Records for 3206 Shady Rest Road

Taxable ValueLand$240,900Additions$407,200Total$648,100
Tax Record2025$4,518 ($376 / month)
Home Facts
Beds2Total Finished SqFt918 SqFtAbove Grade Finished SqFt918 SqFtStories1Lot Size117,176 SqFtStyleMiscellaneous ResidentialYear Built1993Year Renovated2000CountyLAKEAPN28-6225-01080Fireplace TypeHas Fireplace

Schools near 3206 Shady Rest Road

This home is within Lake Superior Public School Dist..
Rating
School
Type
Grades
Distance
William Kelley Elementary School
Public - PK to 6
Kelley Secondary
Public - 7 to 12
Rating
School
Distance
William Kelley Elementary School
PublicPK to 6

Kelley Secondary
Public7 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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes 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 08/30/2025 08:05 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.