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7273 Ely Lake Drive, Fayal Twp, MN 55734

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For Sale
Sale Pending

$565,000

4 beds • 1 baths • 1 half baths • 2,144 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Single Family Detached
    Property type

  • $263.53
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Showings begin 2pm Mon, 9/16. No showings Fri & Sat 9/20 & 21. This is everything you can dream of in a perfect year-round lake home. Located on popular Ely Lake in Eveleth/Fayal Township, this stunning mid-century modern home was custom designed by architect Michael McGuire for the one family that s homesteaded here it s entire life. It is brilliantly sited on the lake s most tranquil bay with a gradual 2.1 acre lot offering complete privacy and 253ft of crystal clear shoreline. Its Western exposure showcases amazing lake and sunset views. The landscaping features a beautiful heritage flower garden, many perennial plantings, and decorative trees all framed by gorgeous mature White Pines. No need to walk stairs to get to shore as the home is just steps from (and level to) the water s edge. You will enjoy incredible swimming, fishing, boating, snowmobiling, saunaing, and relaxing in this peaceful retreat. Interior features include a wall of lake-facing sliding glass doors, 4 large bedrooms, a bathroom on each floor, 2-sided wood burning fireplace, custom Birch doors and frames throughout, and tasteful rough-cut Cedar accents. Also included is a 3-car garage w/metal roof, dock, large sauna with changing room, large lake-facing screened porch, asphalt drive, and city sewer & gas. The home was re-roofed in 2021 and a new well was installed in 2011. It is located 2.75 hours from the Twin Cites with convenient access (10-20 minutes) to charming downtown Eveleth, Gilbert, Virginia & Giants Ridge. Ely Lake is spring-fed and known for its size, depth, water clarity, quality fish stock, and lack of weeds. The island at the center of the lake (just a 10 minute canoe paddle) is an amazing secret getaway you ll feel like you ve been magically transported to the pristine beauty of the Boundary Waters. Owner is a licensed MN Real Estate Agent.
MLS# 6596666

Courtesy Of Verve Realty

(612) 623-1199

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock, Water Front
  • Architecture Style
    Other
  • Heating System
    Forced Air
  • Lot Size
    2.1 Acres
  • Roof Type
    Asphalt

Map and Directions

Directions to 7273 Ely Lake Drive, Fayal Twp, MN 55734

Home seller CENTURY 21 Atwood

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Atwood

(320) 676-8829
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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