540 Loop Road
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About this home
Here's a Northwoods retreat people dream about but rarely find. This handcrafted log home on Farm Lake wraps you in warmth the moment you walk in — over 2,400 sq ft, wrapped in timber and sunlight. The main level is designed for togetherness: new custom kitchen cabinets, quartz countertops, a comfortable dining area, and a living room anchored by a cozy wood-burning stove. Two bedrooms & a full bath complete this level. Head up to the 700+ sq ft loft, with soaring ceilings, built-ins, and sweeping views make the space feel tucked-away and inspiring an artist’s nook or simply reading a book while the pines sway outside your window. The walk-out level is its own retreat, featuring the Primary Suite, a utility/laundry room, and a rec room made for hosting. Private woods take you to the 220 ft of shoreline. Incredible view from the custom built 100 ft perm newer dock, complete with benches and a kayak step, makes slipping into the lake a breeze Best of all the BWCA is just a paddle away.
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Home facts
Facts & features
Interior
- Bedrooms
- 3
- Bathrooms
- 2
- Bath breakdown
- 1 full / 1 3/4
- Heating
- Baseboard
- Cooling
- Window Unit(s)
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Washer
Property
- Levels / stories
- One and One Half
- Garage
- 2 spaces · 24 x 26 · 572 sqft
- Parking features
- Detached Garage
- Patio & porch
- Covered, Deck, Enclosed, Porch, Screened
- Lot size
- 2.62 acres
- Lot dimensions
- 225.00 x 475.00
Construction
- Property type
- Residential
- Property subtype
- Single Family Residence
- Construction materials
- Frame
- Foundation
- 850 sqft
- Roof
- Asphalt
- Year built
- 2005
Utilities
- Water
- Drilled
- Sewer
- Mound Septic
- Fuel
- Electric, Wood
- Electric
- 200+ Amp Service
Community & HOA
- HOA
- No HOA
- School district
- Lake Superior
Financial & listing details
- Annual tax
- $2,502 (2025)
- Tax with assessments
- 2615
- Listed
- Dec 16, 2025
- Days on market
- 286
- Manufactured home
- Yes
Interior details
Exterior & lot
Utilities
Parking & garage
Financial details
Schools
How SODL buyer credits work
When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.
- Tour homes with SODL’s flexible showing network
- Submit offers and manage your transaction through the platform
- Keep more money at closing through transparent flat-fee pricing
A clear, modern way to buy with expert guidance and meaningful savings.
Estimated monthly payment
These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.
Location
540 Loop Road, Ely, MN, 55731
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Listing information
Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.
