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$719,900 Contingent

  • For Sale
  • Contingent
  • Single Family
  • 3 Beds
  • 2 Total Baths
  • 2,480 Sq. Ft.
  • 2 Car Garage

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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.

Full Property Details for 540 Loop Rd

General

  • Price: $719,900
  • Status: Contingent
  • Type: Single Family
  • Source: 1404
  • MLS ID: 149371
  • Updated: 12/23/2025
  • Added to Site: 37 day(s) ago

Interior

  • Fireplace(s): Free Standing, Wood Burning
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator, Washer, Elec. Dryer

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3
  • Primary Bedroom: 10 x 11, Main
  • Bedroom 2: 10 x 10, Main
  • Bedroom 3: 10 x 16, Lower

Other Rooms

  • Living Room: 13 x 23, Main
  • Kitchen: 10 x 13, Main
  • Dining Room: na
  • Rec Room: 16 x 122, Lower
  • Other Room 1: Utility, 12 x 11, Lower
  • Other Room 2: Loft, 29 x 27, Upper

Exterior

  • Porch/Patio/Deck: Deck, Porch, Covered, Enclosed, Screened

Parking

  • Garage Description: 24 x 26
  • Garage Spaces: 2
  • Garage Description: 2 Stalls, Detached

Location

  • Area: Ely/Winton

School Information

  • School District: Ely-696

Heating & Cooling

  • Cooling Type: Multi-Window A/C, Ceiling Fan
  • Heating Type: Wood, Electric
  • Water Heater: Electric

Utilities

  • Utility Description: Septic, Well

Structural Information

  • Architectural Style: 1 1/2 Story
  • Construction: Wood Frame
  • Exterior Const.: Log
  • Basement Desc.: Block, Full, Walkout
  • Roof: Asphalt, Shingle
  • Amps: 200
  • Square Feet: 2,480
  • Upper: 780 Sq. Ft.
  • Lower: 850 Sq. Ft.
  • Main/1st Level: 850 Sq. Ft.
  • Basement Finished: 100%
  • Year Built: 2007

Lot Features

  • Lot Size (Acres): 2.6
  • Lot Dimensions: 225 x 475
  • Fencing (Description): None

Water Features

  • Water Front: Yes
  • Water Front Type: 1 - Lake
  • Water Front Name: Farm

Disclosures and Reports

  • Property ID: 28-6311-33337

Listed by z' Up North Realty

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— 540 Loop Rd —

  • z' Up North Realty

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 540 Loop Rd

School District:Lake Superior Public School District
NameGradesDistance
William Kelley Elementary School
137 Banks Boulevard, Silver Bay, MN 55614
PK-647.7 mi
Kelley Secondary
137 Banks Boulevard, Silver Bay, MN 55614
7-1247.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 540 Loop Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/10/2025
Listed
$719,900
114.9%
MLS
1/30/2021
Sold
$335,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 540 Loop Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,700
44%
$483,000
99%
2019
$1,881
—
$242,800
6%
2019
$1,881
—
$228,500
-6%
2019
$1,881
-5%
$243,800
—
2018
$1,978
17%
$243,800
-3%
2017
$1,688
929%
$251,600
10%
2016
$164
—
$228,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by z' Up North Realty

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540 Loop Rd, Ely, MN 55731 (MLS# 149371) is a Single Family property with 3 bedrooms and 0 full bathrooms. 540 Loop Rd is currently listed for $719,900 and was received on December 10, 2025. Want to learn more about 540 Loop Rd? Do you have questions about finding other Single Family real estate for sale in Ely? You can browse all Ely real estate or contact a Coldwell Banker agent to request more information.

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