Movoto Real Estate
Sold on 02/07/2026
  • Exterior
  • Kitchen
  • Dining
  • Living
  • Bedroom
  • Bath
  • Other
  • View/Area

540 Loop Rd, Ely, MN 55731

  • $710,000

    Last sold 02/07/2026 after 52 Days

  • 3

    bed

  • 2

    bath

  • 2,480

    Sqft ($286/Sqft)

House not for sale
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About 540 Loop Rd

Property type House
Year built 2005
HOA fee $0/month
Lot size 2.62 Acre
Movoto estimate
Parking 2 garage spaces
Property 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 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.
Listed by
Listing Agent - Andrea Zupancich
Listing Office - Z'UP NORTH REALTY, INC.
Source: Northstar MLS mls logo
MLS#7000151 • last updated 3 months ago
Movoto checked Northstar MLS for data 21 minutes ago
Overview
Cooling/AC Window Unit(s)
Heating Baseboard
Levels/Style One And One Half
Virtual Tour N/A
MLS # 7000151
Type Residential
SubType Single Family Residence
Property Tax 2502
Tax Assessment 2615
Foreclosure (Y/N) No
Short Sale (Y/N) No
Interior
# Three-Quarter Baths 1
Total # of Bathrooms 2
Bathrooms Main Floor Full Bath
# Full Baths 1
# Bedrooms 3
Accessibility Features None
Fireplace Wood Burning
Exterior
Construction Frame
# Garage Spaces 2
Parking Desc Detached Garage
Amenities / Utilities
Electric 200+ Amp Service
Power Company Minnesota Power
Water Source Drilled
Location
County Lake
High School District Lake Superior
APN 28631133337
Zoning Residential-Single Family
Lot/ Land Details
Present Use Yearly
$711K
Range: $661K-$760K
Last 30 days 
  • Feb 2026
    mls logo MLS # 7000151
  • Feb 7, 2026 Sold
    $710,000 (-1.4%)
  • Dec 16, 2025 Listed
    $719,900 (+200.0%)
  • Jul 2013
    mls logo MLS # MAM6000462
  • Jul 5, 2013 Sold
    $240,000 (-4.0%)
  • May 23, 2013 Listed
    $250,000
  • Feb 15, 2013 Listed
  • 540 Loop Rd
    $710K
  • 55731
    $599K -7% y/y
  • Ely
    $624K -10% y/y
No chart available
Statistics calculated by Movoto

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7/10
5/10
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • MN
  • Saint Louis County
  • Ely
  • 55731
  • 540 Loop Rd
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