Nevada is known for its agreeable climate 365 days a year. But there’s a little known idyllic mountain town called Ely that offers its residents all four seasons. Additionally, its 4,000+ residents get to enjoy a wealth of history, art, outdoor recreation (hiking, skiing, water sports, etc.), open spaces, national parks, local events, and more. Due to its rich history and cultural scene, Ely is a coveted place to raise a family, soak up the great outdoors, or simply get away from it all. Presently, Ely's real estate market is very competitive, with less than 30 homes for sale at this time. These available houses range from $65,000 to $596,000 and have a median sale price of $139,400 or $91 per square foot.
Here, you’ll mainly find existing housing, which consists of starter homes, single-family residences, cabin-style dwellings, farmhouses, and ranches. In contrast, if you are interested in purchasing land in Ely, you’ll immediately notice there’s a plethora of options. Overall, these options including various homesites (both single-family and multi-family), commercial land, farms/ranches/rural land lots, and mixed-use parcels available. These 50+ land lots for sale range from $1,500 for a 3,049 square foot lot to $290,000 for a 520-acre lot.
As briefly mentioned, homes for purchase in Ely are rather affordable, with almost all the currently available homes listed for less than $250,000. In general, these reasonably-priced homes have 2-4 bedrooms, 1+ bathrooms, and ample living space. Right now, the least expensive home for sale in Ely is a charming 2-bed, 1-bath, 612 square foot fixer-upper for $64,000. This cozy home has been well-maintained but could use a few upgrades and possible additions, with all the extra lot of space (4,138 square foot). Nonetheless, this home has a lot of potential.
Then again, for only $596,000, you can own a stunning 3-bed, 3-bath, 2,494 square foot contemporary 2005 home. Here, this two-story, turnkey residence offers modern comforts and incredible mountain/valley views. Several notable home features include a wrap-around deck, a top-floor living room with a wood-burning stove and oversized windows, a modern kitchen with custom cabinetry, a downstairs wet bar, plus spacious bedrooms. Of course, if you’re looking for something slightly more affordable, then the upscale 3-bed, 2-bath, 2,049 square foot estate built in 2001, for $334,900, is for you. This wonderful estate offers high-end home amenities like archways, custom cabinetry, granite countertops, a breakfast bar, and a wine nook.
Land for sale in Ely is readily available now, with over 50+ lots on the market. In fact, such a vast amount of open acreage makes this a buyer’s market. Moreover, the majority of these land lots have preinstalled utilities. For instance, in terms of commercial land, Ely has a decent selection of lots. Take the .6-acre lot on Aultman Street in downtown Ely for $17,000. Located on the corner of 3rd Street and Aultman, this commercial land has even room for a business and parking. This particular property is comprised of two 500 square foot parcels, which can be purchased together or separately.
Alternatively, if you’re looking to build your future home, one property worth considering is a semi-secluded 5-acre lot on B Monte Neva Road for $27,500. This particular homesite has stunning views and is located on a corner lot. Ely also has a few rural land lots for sale as well. For example, a 21-acre property on West 14th North is available for $150,000. This rural acreage has two wells, a septic system, a horse area, and surface water for livestock. Other noteworthy perks of this acreage include several outbuildings (horse barn, sheds, and a garage).