About This Home

This 2-bedroom, 1-bathroom single family at 4994 Big Lake Rd in Ely, MN is listed for $200,000 ($500 per sqft). Built in 1950, the home offers 400 sqft of living space on a 0.18 acres lot.

Key Features

  • Built in 1950
  • 0.18 acre lot
  • Waterfront

Property Details

1 story
1 full
1950

Amenities

Waterfront
Listing Description

Cabin in the wilderness on Big Lake in Ely. Big Lake Wilderness Retreat CIC. This 2 bedroom, 1 bath cabin features an open living, kitchen and dining area with 2 adjacent bedrooms and a 3/4 bath. Deck overlooking the lake. Big Lake is a recreational development lake, 1900 acres with a maximum depth of 22 ft.

Excellent fishing. For your private use and enjoyment and also allows for rentals. Rentals managed by an on-site well established management company. General maintenance taken care of as part of the income split. Includes a newer pontoon boat for you and renters to use. The cabin is completely furnished and well cared for.

Monthly Cost Estimate

$4,070/mo

20% down · 6.5% · 30 years

Principal$145
Interest$867
Insurance$58
HOA$3,000

Estimates only. Actual payments may vary.

Location

4994 Big Lake Rd

Ely, MN 55731-4994

Property Details

Outdoor Features

Deck

Heating

Forced AirNatural GasPropane (Heating)

Appliances

MicrowaveRefrigeratorGas Range

Questions & Answers

This 2-bedroom, 1-bathroom single family at 4994 Big Lake Rd is listed at $200,000 ($500/sqft). The estimated monthly payment is $4,069 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $3000/month.

Key features include: Built in 1950, 0.18 acre lot, Waterfront.

This property is listed by Jan Erchul.

JE

Jan Erchul

Agent at Ely Realty

Listed by Ely Realty · Broker phone: 2183652100 · View on Broker Site

MLS# 149752· Source: Range Association of REALTORS· 3 days on PropertySimple

Copyright © 2026 Range Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4994 Big Lake Rd, Ely, MN 55731-4994

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