Ely Homes under $350,000

Welcome to Ely, Minnesota – a hidden gem nestled in the heart of St. Louis County! Known for its breathtaking natural beauty and vibrant community spirit, Ely is the perfect destination for those seeking a serene lifestyle surrounded by the great outdoors. With the majestic Boundary Waters Canoe Area Wilderness at your doorstep, residents enjoy year-round recreational activities, from canoeing and fishing in the summer to snowshoeing and ice fishing in the winter.

Ely boasts a charming downtown area filled with unique shops, cozy cafes, and local art galleries, making it a delightful place to explore. The city is steeped in rich history, with a strong connection to the timber and mining industries, which adds to its character and allure. Community events, such as the popular Blueberry Arts Festival and the Ely Winter Festival, bring residents together and foster a warm, welcoming atmosphere.

For those looking to make Ely their home, you'll be pleased to discover an array of charming houses available for under $350,000. Whether you're searching for a cozy cabin retreat, a family home with modern amenities, or a quaint bungalow with a touch of rustic charm, Ely has something to suit every taste and budget. With affordable housing options and a strong sense of community, Ely is an ideal place for families, retirees, and outdoor enthusiasts alike.

Embrace the enchanting lifestyle that Ely, MN, has to offer. Come explore the homes that await you and start your new adventure in this picturesque city!

Newest Ely Homes under $350,000

$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.

$299,000

1 Beds ⋅ 1 Baths ⋅ 7099776 MLS

Tucked away in a peaceful wooded setting on 4.6 acres just minutes outside of Ely, this one-of-a-kind A-frame built in 2023 is brimming with thoughtful craftsmanship. Every inch of this newly built 1 bed, 1 bath home has been intentionally designed, with each material carefully selected to tell a story. 800sq ft home showcases reclaimed and locally sourced materials creating a warm and inviting space nestled in the woods. A beautifully restored antique front door welcomes you inside where custom trim, concrete countertops, marble backsplash, and open kitchen shelving crafted from salvaged lumber from Rock Ridge Christian Camp in Ely. White oak flooring throughout as well as beautiful white oak beams in the cozy bedroom loft. In-floor heat and cozy wood burning stove made in Ireland. New septic and well. Plenty of room for growth! Whether you're searching for a full-time residence or weekend escape, this exceptional property offers privacy, artistry and an opportunity to unplug. This is more than a home; it's a story waiting for its next chapter!

1728 Maple St, Ely

Listing courtesy of eXp 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 $350,000

Newest Ely Homes under $350,000

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