631 Circle Dr, Ely, MN 55731 (MLS # 6120784)

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Located a short drive east of Ely is this magnificent 2 story lake home on Fall Lake! Fantastic views of Fall Lake...including views right into the BWCAW from your patio! This lovely home, built in 2012, has 3 bedrooms and 3 baths and is on a very scenic wooded parcel with approx. 1.5 acres and approx. 200 feet of shoreline on this fantastic "edge of the Boundary Waters" lake! Enjoy elevated views of the lake, see eagles frequently soaring overhead and roosting on the state owned island out front, and paddle or motor right into the BWCAW right from your dock! The main floor has 9 foot ceilings and a large open concept living and dining room that flows right into the large kitchen with tons of counter space and top-quality cabinets. Enjoy the fantastic views out the tall windows and sliding glass door toward the large patio and lake. Also, a main floor bedroom that faces the lake with a private full bath with jacuzzi tub! Half bath, large utility room with washer and dryer, and 4 season porch round out the main floor. The 2nd floor has a large great room with pine vaulted ceilings that faces the lake and an additional back portion of it with a portable sliding wall that can be used to make it a private room, or extra sleeping space. 2 more large bedrooms and another full bath are here as well. Plus a large 2nd floor deck! Also a huge storage room over the attached garage that is great for storing so many things! Other features include the attached 2 stall garage, a sauna behind the house, large patio and entertaining area facing the lake, maintenance free top-quality siding, nice stairs to the lake-where there is a large dock and boat storage! This property would be great to live in year 'round, or use as your 4 season Ely area getaway. Drilled well, mound septic system, private driveway, storage shed. Fall Lake is 6 miles long and the northern quarter of the lake is in the famous Boundary Waters Wilderness Area, with motors being allowed on all of Fall Lake (25 HP in the BWCAW portion and unlimited on the rest of the lake). From Fall, you can wheel portage to Basswood Lake.. and the US/Canada border. Great fishing! Property faces N/NW and allows great viewing of the active northern lights activity. This is a great property just 10 minutes from Ely! Check out this Youtube Channel for footage of the night sky(including some amazing Northern Lights!) of this listing: https://youtube.com/@larryolson6464?si=6Wa-Cg7a-Lrk7vRT

DAYS ON MARKET 40 LAST UPDATED 8/22/2025
YEAR BUILT 2012 COMMUNITY LSAR
GARAGE SPACES 2.0 COUNTY Lake County
STATUS Active PROPERTY TYPE(S) Single Family

SCHOOLS
School District Lake Superior #381

PRICE HISTORY
Prior to Aug 19, '25 $899,000
Aug 19, '25 - Today $849,000


ADDITIONAL DETAILS
AIR Ceiling Fan(s), Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Dryer, Electric Water Heater, Refrigerator, Washer
AREA LSAR
FIREPLACE Yes
GARAGE Attached Garage, Yes
HEAT Electric, Forced Air, Propane, Wood
INTERIOR Vaulted Ceiling(s)
LOT 1.54 acre(s)
LOT DESCRIPTION Waterfront
LOT DIMENSIONS 320 x 200
PARKING Garage Door Opener, Gravel, Attached
STORIES 2
STYLE Other
TAXES 8403
WATER ACCESS Fall
WATERFRONT Yes
ZONING Residential
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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*Estimate only

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Listed with Bear Island Realty LLC

Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice.
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