Lovely year around home on Fall Lake located just 5 miles north of Ely. This south facing gem has 3 bedrooms and 2 baths and is a 2 level home with a finished walk out basement. Gorgeous island views from both levels! Fall Lake has very good fishing and is approx. 6 miles long with the northern part of the lake being in the famous Boundary Waters Wilderness Area, offering direct access to Basswood Lake and the Canadian border! Location, location, location! The home's main level has a huge 4 season sun porch, large kitchen with lots of counter space, living room with a gorgeous "Mike Braun" stone fireplace (propane), 2 bedrooms, and a large bathroom. Downstairs is a large family room with an impressive brick wood burning fireplace, full bar with sink, a 3rd bedroom, bathroom, nice laundry area, and 2 large utility/workshop rooms. Easy access shoreline with a sand beach area, and a fantastic cedar sauna with new wood burning Kuuma stove with a large changing room right near the beach and the roll-in dock! Two detached 2-stall garages: one right by the house with furnace and bathroom with sink and toilet, and the other on the hill by the access road, also insulated and with a heater, and near a large woodshed. Other features of the home include a large wrap around deck, and new dual fuel hot water heating boilers. Outside enjoy the lovely lupine flowers, great lake views, a garden area, and excellent privacy! Drilled well, compliant septic system. Parcel size is approx. 1.01 acres with 178 feet of shoreline, and the feeling of complete privacy is abundant here! The home has a great location on one of Ely's finest lakes and is ready to go as your Ely area year-around home or vacation headquarters!