540 Loop Road, Ely, MN 55731

$710,000
3
BD
2
BA
2,480
SqFt

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Sold Price
$710,000
List Price
$719,900
Days on Market
52
Closing Date
Feb 06, 2026
MLS#
7000151
Status
CLOSED
Type
Single Family Residential
Style
(SF) Single Family
Bedrooms
3
Bathrooms
2
Living Area
2,480
Acres
2.62
Year Built
2005

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.

Additional Information

School District
Lake Superior
Appliances
Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Washer
Tax Year
2025
Fuel
Electric, Wood
Sewer
Mound Septic
Roof
Asphalt
Air Conditioning
Window Unit(s)
Heating
Baseboard
Water
Drilled
Basement
Block, Finished, Full
Parking
Detached Garage
Garage Spaces
2

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Calculator source: Real Geeks

Listing courtesy of Z'Up North Realty, Inc..

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