Lake Vermilion Realty - Your local connection for ALL Ely, MN real estate listings.
Nestled in the heart of Minnesota's wilderness, Ely, MN is a picturesque town renowned for its pristine lakes and breathtaking natural beauty. With a vibrant real estate market, Ely offers an idyllic haven for those seeking a serene lakeside lifestyle. Let's delve into the fascinating world of Ely, MN real estate and discover the allure of lakes in this enchanting region.
Ely, MN is located in northeastern Minnesota, surrounded by the Superior National Forest and the Boundary Waters Canoe Area Wilderness. This remote location boasts over 1,100 lakes, making it a haven for outdoor enthusiasts and nature lovers. From crystal-clear waters to densely forested shores, the lakes of Ely, MN offer a plethora of recreational opportunities, including boating, fishing, kayaking, and swimming.
One of the most famous lakes in the Ely, MN area is the stunningly beautiful Lake Vermilion. Spanning over 40,000 acres, Lake Vermilion is the fifth largest lake in Minnesota and is known for its pristine waters, rocky shoreline, sought after sandy beaches, and excellent fishing opportunities. It is home to various fish species, including walleye, muskie, northern pike, and smallmouth bass, making it a paradise for anglers.
Another popular lake in the Ely, MN real estate market is Shagawa Lake. With its clear waters and abundant wildlife, Shagawa Lake is a favorite among outdoor enthusiasts. Boasting over 7,000 acres of surface area, it provides ample space for water-based activities such as boating, fishing, and paddling. In winter, Shagawa Lake transforms into a winter wonderland, offering opportunities for ice fishing, snowmobiling, and cross-country skiing.
Real estate in Ely, MN offers a diverse range of options, from quaint cabins and cottages to luxurious lakefront homes. Many properties in Ely, MN boast stunning lake views, private docks, and easy access to recreational activities. The Ely, MN real estate market is known for its affordability, making it an attractive destination for those seeking a peaceful lakeside retreat without breaking the bank.
According to recent statistics, the Ely, MN real estate market has experienced steady growth in recent years. The median off-lake home price in Ely, MN is around $180,000, making it an affordable option for both primary residences and vacation homes. The market has remained stable, with a balanced supply and demand, making it an ideal time for buyers and sellers to enter the market.
Apart from the stunning lakes, Ely, MN is also known for its vibrant community and rich cultural heritage. The town offers a range of amenities, including schools, healthcare facilities, restaurants, and shops, catering to the needs of its residents. The Ely Arts & Heritage Center showcases the town's history and artistic talents, while the International Wolf Center and the North American Bear Center offer unique educational experiences for nature enthusiasts.
In addition to its recreational opportunities and community offerings, Ely, MN also hosts various events and festivals throughout the year, including the Ely Blueberry Arts Festival, the Harvest Moon Festival, and the Winter Festival, adding to the town's charm and appeal.
Ely, Minnesota is a hidden gem in the real estate market, offering an unparalleled lakeside living experience in the heart of Minnesota's wilderness. With its pristine lakes, affordable housing options, and vibrant community, Ely, MN is a haven for those seeking a peaceful and nature-filled lifestyle. Whether it's fishing, boating, or simply enjoying the breathtaking scenery, Ely, MN has something for everyone, making it a truly unique and desirable destination for homeowners and outdoor enthusiasts alike. If you're considering investing in Ely, MN real estate, here are a few key facts and tips to keep in mind...
Location is Everything: Real Estate in Ely, MN is all about location. The lakes are the main draw for residents and visitors alike, so when looking for properties, consider factors such as lake access, proximity to amenities, and views. Lakefront properties tend to be highly sought after and command a premium, but there are also plenty of properties with deeded access or nearby lake access points that can offer a more affordable option.
Embrace the Outdoor Lifestyle: Ely, MN is a paradise for outdoor enthusiasts. With its abundant lakes, forests, and trails, there's no shortage of recreational opportunities year-round. From boating, fishing, and swimming in the summer to hiking, hunting, and snowmobiling in the winter, there's always something to do outdoors. Embrace the lifestyle and make sure the property you choose can accommodate your outdoor interests.
Work with a Local Real Estate Agent: Partnering with a local real estate agent who is familiar with the Ely, MN real estate market can be invaluable. They can provide insights on local market trends, help you navigate the buying or selling process, and assist with understanding any unique considerations related to lakeside properties, such as lake regulations, water quality, and shoreline ownership.
Consider Seasonal Use: Some properties in Ely, MN are used seasonally, particularly as vacation homes or cabins. If you're considering a property for seasonal use, be sure to factor in considerations such as maintenance during the off-season, access to amenities, and potential rental income if you plan to rent out the property when you're not using it.
Understand Lake Regulations: Lakes in Minnesota are governed by regulations designed to protect their natural beauty and ecological integrity. Familiarize yourself with any applicable lake regulations, such as boating restrictions, fishing regulations, and shoreline development guidelines, to ensure you can enjoy your lakeside property while respecting the environment.
Plan for Winter: Ely, MN experiences long, snowy winters, which can impact property maintenance and accessibility. Make sure to plan for winter, including snow removal, heating, and other winter-related considerations when owning a property in Ely, MN.
In conclusion, the Ely, MN real estate market offers a unique opportunity for lakeside living in a pristine wilderness setting. With its stunning lakes, affordable housing options, and abundant recreational opportunities, Ely, MN is a haven for those seeking a peaceful and nature-filled lifestyle. Whether you're looking for a primary residence, a vacation home, or an investment property, working with a local real estate agent and understanding the nuances of the Ely, MN real estate market will help you make an informed decision and fully enjoy the beauty and serenity of lakeside living in this enchanting region.
The Ely, MN Real Estate Market: Gateway to the BWCAW
Nestled in the breathtaking wilderness of northern Minnesota, Ely is a charming town that offers a unique and picturesque real estate market. With its pristine lakes, vast forests, and abundant wildlife, Ely has become a haven for outdoor enthusiasts and nature lovers alike. Among the many highlights of Ely's real estate market are the opportunities to own properties on popular lakes such as Garden Lake, Burntside Lake, White Iron Lake, and Eagles Nest Lake, which offer unparalleled beauty and recreational opportunities.
Garden Lake is a serene and scenic lake located just outside of Ely, known for its clear waters, sandy beaches, and lush green surroundings. It is part of the White Iron Chain of Lakes, which also includes Farm Lake, South Farm Lake, and White Iron Lake. Properties on Garden Lake offer stunning lake views, private access to the lake, and a range of recreational activities, including fishing, boating, kayaking, and swimming. The real estate options on Garden Lake range from cozy cabins to spacious lakefront homes, offering a variety of choices for potential buyers.
Burntside Lake, often referred to as the "Gem of the North," is a premier destination for those seeking pristine wilderness and a pristine lake experience. Known for its crystal-clear waters, rocky shorelines, and over 150 islands, Burntside Lake offers a unique and picturesque setting for owning a lakefront property. The real estate market on Burntside Lake includes a mix of rustic cabins, charming cottages, and luxurious lake homes, each offering its own unique appeal. Properties on Burntside Lake are highly sought after, with some featuring private islands, sandy beaches, and panoramic lake views.
White Iron Lake, located just west of Ely, is a popular destination for fishing enthusiasts and water sports enthusiasts alike. The lake is known for its excellent walleye, northern pike, and smallmouth bass fishing, making it a haven for anglers. Properties on White Iron Lake offer easy access to the lake, with opportunities for boating, fishing, and other water-based activities. The real estate options on White Iron Lake range from cozy cabins to modern lake homes, providing something for everyone's taste and budget.
Eagles Nest Lake, located just north of Ely, is a hidden gem known for its tranquil waters, scenic beauty, and abundant wildlife. The lake is surrounded by the Superior National Forest, providing a pristine and secluded setting for owning a lakefront property. Properties on Eagles Nest Lake offer a private and serene escape, with opportunities for fishing, boating, and wildlife watching. The real estate market on Eagles Nest Lake includes a mix of rustic cabins, cozy cottages, and modern lake homes, catering to a wide range of preferences and lifestyles.
When considering buying a property on these pristine lakes in Ely, it's essential to work with a local real estate agent who has in-depth knowledge of the area and the real estate market. Factors such as lake access, shoreline characteristics, property size, and location can impact the value and desirability of a property. A local agent can provide valuable insights and guidance throughout the buying process, helping you make informed decisions and find your dream lakefront home.
Beyond its stunning lakes, Ely also offers a vibrant community with a rich cultural heritage, excellent schools, and a variety of local amenities. The town is renowned for its friendly residents, welcoming atmosphere, and a range of recreational opportunities, including hiking, camping, hunting, and more. Ely is also home to the Boundary Waters Canoe Area Wilderness, a vast wilderness area known for its pristine lakes, rugged terrain, and unparalleled wilderness experiences.
In conclusion, Ely, MN offers a unique and picturesque real estate market with its stunning lakes, including Garden Lake, Burntside Lake, White Iron Lake, and Eagles Nest Lake. These lakes provide not only breathtaking natural beauty but also ample opportunities for outdoor recreation, making them highly desirable for potential buyers looking to own a lakefront property.
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