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7436 Ely Lake Drive

Eveleth, MN 55734

3 beds
4 baths
2,978 sqft
~3/4 acre lot
$251 per sqft
2016 build
– on site

Experience the perfect blend of refined style and beauty in this efficient custom-built 2016 lakefront masterpiece-without the high lakefront taxes! Designed by a professional interior designer, this three-bedroom, four-bathroom home showcases high-end finishes and thoughtful details throughout. The main-floor primary suite is a true retreat, featuring his-and-hers closets, dual vanities, a spa-like walk-in shower, and a relaxing soaker tub. The open-concept living space flows seamlessly into the chef’s kitchen, boasting premium appliances such as an induction range and designer touches. Step outside onto the wrap-around composite deck and take in the serene lake views, or head down to the 32-foot dock and boathouse for a day on the water. The upper level offers a cozy second living area with a bar, perfect for entertaining or relaxing, plus access to a walkout deck with stunning lake views. A bonus room in the garage with a ¾ bath provides endless possibilities as an office, bedroom, or rec room. For ultimate convenience, the home features main-floor laundry, central air, and in-floor heating throughout, including the attached four-stall garage—plus an additional two-stall detached garage for extra storage and parking. Built for efficiency, this home boasts minimal utility costs, a durable metal roof, and high-performance systems. This is a rare opportunity to own a luxury lakefront estate on Ely Lake. Furnishings are negotiable for a move-in-ready experience. Schedule your private tour today!

Listing courtesy of NORTHSTAR / Darcie Novak / My Place Realty, Inc.

Last checked: Checking… • Last updated May 8, 2025 •

MLS# 6692434 —

This home is listed in more than one place. See it here.

The Building

Year Built:

2016
New Construction:

false
Age Of Property:

9
Construction Materials:

Brick/Stone, Engineered Wood
Construction Materials Desc:

Frame
Roof:

Metal
Accessibility Features:

None
Levels:

Two
Main Level Finished Area:

1951.0000
Basement:

None
Basement:

false
Foundation Area:

1728
Foundation Dimensions:

48x36
Manufactured Home:

No
Building Area Total:

2978
Above Grade Finished Area:

2978

Interior

Dining Room Description:

Kitchen/Dining Room
Fireplace:

false
Fireplace Features:

Electric, Gas, Living Room, Primary Bedroom

Room Dimensions

Living Area:

2978

Location

Directions:

Heading S on Hwy 53, turn L onto Miller trunk Roadfor 1.3 mi; Turn L into Ely Lake Dr. for 1.7mi; destination on right
Latitude:

47.4453393451
Longitude:

-92.4721842969

The Property

Parcel Number:

340004000730
Zoning Description:

Shoreline,Residential-Single Family
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Additional Parcels:

true
Additional Parcels Description:

340004000833
Lot Features:

Accessible Shoreline
Lot Size Area:

0.66
Lot Size Dimensions:

187x150; 25x20
Lot Size SqFt:

28749.6
Lot Size Units:

Acres
View:

Lake, Panoramic, West
Lake Chain:

N
Lake Acres:

723
Lake Depth:

70
Lake Bottom:

Sand,Soft
Water Body Name:

Ely
Waterfront Slope:

Steep
Waterfront Feet:

25
Waterfront Elevation:

4-10
Road Between Waterfront and Home:

Yes
Road Frontage Type:

Township
Road Responsibility:

Public Maintained Road
Water Source:

Well
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

5621
Tax With Assessments:

5706.0000

Beds

Bedrooms Total:

3

Baths

Total Baths:

4
Bath Description:

Main Floor 1/2 Bath,Main Floor 3/4 Bath,Main Floor Full Bath,Upper Level 3/4 Bath
Full Baths:

1
Three Quarter Baths:

2
Half Baths:

1

Heating & Cooling

Heating:

Boiler, Dual, Forced Air, Heat Pump, Radiant Floor
Cooling:

Central Air

Utilities

Electric:

200+ Amp Service
Sewer:

City Sewer/Connected

Appliances

Appliances:

Air-To-Air Exchanger, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer

The Community

Waterfront:

true
Waterfront Features:

Dock, Lake Front, Lake View
Association:

false
Assessment Pending:

Yes

Parking

Parking Features:

Attached Garage, Detached, Heated Garage, Insulated Garage, Multiple Garages
Garage Spaces:

6
Garage Dimensions:

48x36
Garage SqFt:

1728

Monthly cost estimate

Asking price

$749,000

Expense	Monthly cost
Mortgage	$4,010
Taxes	$468
Insurance	$205
Utilities	$167 See report
Total	$4,850/mo.^*
	^*This is an estimate

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Provided by WalkScore® Inc.

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Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price
5/8/25 May 8, 2025	Listed / Active	NORTHSTAR	$749,000
10/23/13 Oct 23, 2013	Price Changed	DAAR
7/4/13 Jul 4, 2013	Price Changed	DAAR

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This house located in MN 55734 is currently for sale for $749,000. 7436 Ely Lake Drive is a 2,978 square foot house with 3 beds and 4 baths that has been on Estately for 5 days. This house is in the attendance area of Eveleth-Gilbert Secondary and Laurentian Elementary.

Listing Courtesy of: NORTHSTAR and My Place Realty, Inc..

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing 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 information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. 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.