# 3938 Cedar Street, Ely, MN 55731

> **TL;DR:** 3bd/2ba single family, $449,900 ($212/sqft), built 1979, 2,120 sqft.
> Fireplace, Waterfront. Est. $2,406/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $449,900 |
| Price/sqft | $212 |
| Bedrooms | 3 |
| Bathrooms | 1 full, 1 half |
| Square Feet | 2,120 |
| Year Built | 1979 |
| Lot Size | 87,120 sqft (2.00 acres) |
| Stories | 1 |
| Property Type | Single Family (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,275 |
| Estimated Insurance | $131 |
| **Total** | **$2,406** |

## Key Amenities

- Fireplace
- Waterfront

## Property Highlights

- Built in 1979
- 2.00 acre lot
- Fireplace
- Waterfront

## Description

### Agent Description
Beautiful 3-bedroom, 2-bathroom home with 350' of sugar-sand beach lakeshore on Eagles Nest 1 lake in coveted Ely/Tower. Enjoy your very own peninsula so private and serene. Start your day with coffee on the patio or deck enjoying the lake view! It features many upgrades since 2016, including windows, furnace, washer/dryer, and mini-split(s) just to name a few. Call me today for a showing!

## Location

- **Address:** 3938 Cedar Street, Ely, MN 55731
- **Coordinates:** 47.835922, -92.098841
- **Google Maps:** https://www.google.com/maps?q=47.835922,-92.098841

## Listing Agent

- **Name:** Samantha Koivunen
- **Brokerage:** Dane Arthur Real Estate Agency
- **Phone:** 2187808849

## Primary Photo

![3938 Cedar Street - Primary Photo](http://lh.rdcpix.com/207144b301c506920c7726c1885ffd49l-f1284537325r.jpg)

*39 total photos available on [listing page](https://www.propertysimple.ai/listing/3938-cedar-street-ely-mn-55731-n150454)*

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**MLS#:** 150454 | **Updated:** 2026-08-02
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/3938-cedar-street-ely-mn-55731-n150454)

---

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