855.375.4001
Listing Courtesy of: Patricia Bulinski - Bear Island Realty LLC 218-365-2800

139 Fernberg Rd Ely, MN 55731

Down payment assistance icon
Other Residence
4 Beds
2 Baths
... Bed/Bath
2,720 Sq. Ft.

Property Activity

Time on Site
days
Days on Market
Views
Saves
Last updated on 10/6/2026 6:21 AM
Discover the kind of Northwoods property that rarely comes available. This beautiful west facing custom built, one owner home is privately set on 4.5 acres of diverse forest, surrounded by majestic pines and overlooking the scenic Shagawa River. With more than 1,200 feet of river frontage and breath...taking water and forest views, this is a true Ely area treasure. Inside, the main level welcomes you with a dramatic vaulted cedar paneled living room, abundant natural beauty, and walkout access to a 21' x 8' deck overlooking the river. The spacious kitchen and dining area are ideal for entertaining, while a gorgeous two-sided field stone fireplace creates a stunning focal point shared by both spaces. The main level offers a river facing primary bedroom and second bedroom, each with cedar lined closets, plus a welcoming foyer with two additional closets. The finished walkout lower level expands the living space with two more river facing bedrooms, a 3/4 bath featuring an electric sauna, and a spacious family room centered around a second double sided wood burning brick fireplace. Walk out directly to the outdoors and enjoy the surrounding woods and river. A bonus area offers flexibility for an exercise room, home office, studio, or future finished space. Storage is plentiful throughout the home, and the attached two-stall garage provides convenient direct access into the foyer. Outside, a large detached garage and shop offers exceptional room for vehicles, boats, recreational equipment, projects, and storage. Additional features include cedar siding, drilled well, and a new four bedroom septic system scheduled for replacement this fall or next spring. Meticulously maintained and move in ready, this property combines the privacy and beauty of a North woods getaway with the convenience of being just a few miles from Ely. Whether you're looking for a year round home, a private family retreat, or a place to enjoy everything the Ely area has to offer, this exceptional riverfront property deserves a look. A very short distance from direct access to Fall Lake, a large, classic North woods lake with direct BWCAW wilderness access. River. Woods. Privacy. Space. Views. And just minutes from Ely. This is North woods living at its finest. Continue reading
MLS#
6128277
Property Type
Other
Bedrooms
4
Bathrooms
2 Three-Qtr
Year Built
1982
Square Feet
2,720 sq. ft
Price per Sq. Ft.
$247.79
Lot Size
4.5
scales icon

How much home can I afford?

Kickstart your home search journey with our online Pre-Approval.

Get Started
megaphone icon

See How Much You Could Save

Thinking about buying or selling? Talk to one of our Mortgage Professionals today to see how much you could save on your next home. Call us at 833-685-2565.

Let's Talk
Listing Courtesy of: Patricia Bulinski - Bear Island Realty LLC 218-365-2800

Andrea D. Conner, License # 40471694, Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

2026 Copyright 2026 Lake Superior Area REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Lake Superior Area REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct but advises interested parties to confirm them before relying on them in a purchase decision.

This content last refreshed on 10/6/2026 6:21 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
save icon Save
save icon Save
share icon Share
checkmark icon Get Pre-Approved