Ely Homes under $250,000

Welcome to Ely, Minnesota – a charming gem nestled in the heart of St. Louis County. Known for its breathtaking natural beauty and vibrant community spirit, Ely serves as the gateway to the pristine Boundary Waters Canoe Area Wilderness. With its stunning lakes, lush forests, and an abundance of outdoor recreational opportunities, Ely offers a lifestyle that embraces both adventure and tranquility.

Ely is not just a haven for nature enthusiasts; it also boasts a rich cultural heritage, with a thriving arts scene and a friendly, welcoming atmosphere. The historic downtown area is filled with quaint shops, cozy cafes, and local art galleries, making it a delightful place to explore. Whether you’re enjoying a summer festival or taking part in winter sports, Ely’s community events foster a sense of belonging that is hard to find elsewhere.

For those looking to make Ely their home, there are fantastic options available under $250,000. These homes provide an excellent opportunity for first-time buyers, families, or anyone seeking a peaceful retreat. From charming single-family houses to cozy cabins, the real estate market in Ely offers diverse choices that cater to various lifestyles and budgets. Many properties feature stunning views, spacious yards, and easy access to outdoor activities, making them perfect for anyone who loves to embrace the great outdoors.

Discover the magic of Ely, where affordable living meets the beauty of nature. Your dream home awaits in this enchanting town!

Newest Ely Homes under $250,000

$175,000

1 Beds ⋅ 7138143 MLS

This "one of a kind" recreational cabin is situated on 8+ wooded acres near Lake Vermilion. The cabin features a rustic "charm" with aged barn wood ceilings, tin accents and angled/sloped roof line and foundation. Cabin includes open kit/DR/LR area w/free standing wood fireplace, bedroom and small sleeping loft. Extras include 24x36 detached garage w/concrete floor (built in 2025), well (w/hand pump), electricity, woodshed and storage shed/privy. This property is in a great location as it is located between Tower & Ely, near Lake Vermilion State Park & Campground, Mesabi Bike Trail is across the road, minutes from the new OHV Campground and near other area lakes for year around recreation. Property adjoins hundreds of acres of public land. This property is ready for the next owner to start making great memories at now!

4704 Highway 169, Ely

Listing courtesy of BIC Realty.

$155,000

3 Beds ⋅ 1 Baths ⋅ 7107676 MLS

Welcome to this charming 3 bedroom, 1 bath home in beautiful Ely, MN! Plenty of windows throughout provide natural light, and a cozy fireplace greets you after exploring the great outdoors. With an attached garage for all your northern activities, this house will serve you for years to come!

1111 E Camp Street, Ely

Listing courtesy of North Pine Realty.

$118,999

3 Beds ⋅ 2 Baths ⋅ 7088876 MLS

This charming 3bedroom, 2 bath home in Ely offers comfortable living with a relaxed Northwoods feel. The main floor features an eat-in kitchen that flows into a spacious living room, plus a convenient half bath. Upstairs you’ll find three bedrooms and a full bath, giving everyone their own space. One of the highlights is the beautiful 4-season sunroom finished in warm knotty pine, perfect for morning coffee or watching the seasons change. Outside, a custom stone and cement patio creates a great spot for relaxing or entertaining. The basement includes an electric sauna for unwinding after a day outdoors. There’s also a 1 stall garage with extra room for tinkering or storage. Locationwise, you’re close to the Trezona Trail, Miners Lake, and Shagawa Lake, and just a short walk to downtown Ely for coffee or a bite to eat. It’s a practical, well-laid-out home in a convenient Ely location.

230 W Camp Street, Ely

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

$189,000

2 Beds ⋅ 2 Baths ⋅ 7086969 MLS

37 E Boundary Street E, Ely

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

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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Ely Homes under $250,000

Newest Ely Homes under $250,000

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