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$719,900

For Sale
Active
Single Family
3 Beds
1 Full Bath
1 Partial Bath
3,160 Sq. Ft.
2 Car Garage

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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.

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Full Property Details

Full Property Details for 540 Loop Rd

General

Price: $719,900
Taxes: $2,615 (2025)
Status: Active
Type: Single Family
Source: 1402
MLS ID: 6123162
Updated: 12/15/2025
Added to Site: 31 day(s) ago

Interior

Fireplace: Yes
Number of Fireplaces: 1
Fireplace(s): Wood Burning
Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 1
3/4 Bathrooms: 1

Bedrooms

Total Bedrooms: 3

Exterior

Exterior Features: Deck, Porch

Parking

Garage Description: 24 x 26
Garage Spaces: 2

Location

Area: R
County: St. Louis County
Driving Directions: Hwy 169 N to Kawishiiwi Trail, Right to Bay Road, Left to Loop Road, right to fire number

School Information

High School District: Ely #696

Heating & Cooling

Cooling Type: Window Unit(s)
Heating Type: Wood, Electric

Utilities

Sewer: Private Sewer
Water: Drilled

Structural Information

Architectural Style: Traditional
Construction: Frame/Wood
Exterior Const.: Log
Basement: Yes
Basement Desc.: Full
Foundation: Concrete
Roof: Asphalt Shingle
Stories/Levels: 1.25
Square Feet: 3,160
Year Built: 2007

Lot Features

Property View: Inland Lake
Lot Size (Acres): 2.6
Lot Dimensions: 225.00 x 475.00
Development Status: Previously Owned
Zoning: Residential

Water Features

Water Front: Yes
Water View: Yes
Water Front Name: Farm
Water Front Desc.: Inland Lake
Lake Front: Yes

Financial Considerations

Price Per Sq. Ft.: $227.82
Tax Amount: $2,615
Tax Year: 2025
Terms: Cash, Conventional, VA

Disclosures and Reports

Legal Description: Legal to Govern Sec 33 T 63N RllW
Disclosures/Reports: Well Disclosure, LBP Disclosure, Septic Disclosure
Property ID: 28631133337
Section: 33

Listed by Z' Up North Realty

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— 540 Loop Rd —

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Schools

Schools serving 540 Loop Rd

School District:Lake Superior Public School District

Name	Grades	Distance
William Kelley Elementary School 137 Banks Boulevard, Silver Bay, MN 55614	PK-6	47.7 mi
Kelley Secondary 137 Banks Boulevard, Silver Bay, MN 55614	7-12	47.7 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

12/15/2025

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

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.

Estimate the Cost

Estimate the Cost for 540 Loop Rd

Sold

$730,000

2066 Hwy 169 Ely, MN 55731

Single Family
Closed

3
Beds
3
Total Baths
3,613
Sq. Ft.

Listed by Bear Island Realty LLC
Sold by Z' Up North Realty

1984 Grant McMahan Blvd, Ely, MN 55731 - Photo 1

Sold

$614,000

1984 Grant McMahan Blvd #1984 Ely, MN 55731

Single Family
Closed

1
Total Bath

Listed by Side by Side Realty, LLC

1883 Lindbeck Rd, Ely, MN 55731 - Photo 1

Sold

$725,000

1883 Lindbeck Rd Ely, MN 55731

Single Family
Closed
Updated 1 day ago

4
Beds
4
Total Baths
2,628
Sq. Ft.

Listed by Janisch Realty Inc.
Sold by Bear Island Realty LLC

Sold

$725,000

1883 Lindbeck Rd Ely, MN 55731

Single Family
Closed
Updated 1 day ago

4
Beds
4
Total Baths
2,628
Sq. Ft.

Listed by Janisch Realty, Inc
Sold by Non Member File

540 Loop Rd, Ely, MN 55731 (MLS# 6123162) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 540 Loop Rd is currently listed for $719,900 and was received on December 15, 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.

540 Loop Rd Ely, MN 55731