$1,490,000
 $7,999 est/mo Sourced by Back At You

2889 Waters,Ely, MN 55731

Ely, MN 55731

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Description

Imagine owning your own private piece of paradise with over 10 acres on Waters Island with a staggering 2,000 feet of pristine shoreline on beautiful Burntside Lake and a rare offering of a separate 2+ acre mainland parcel with 210 feet of shoreline on Van Vac Road for convenient access and extra privacy provided by the massive, towering Pines. Between the Island, and Inland lot, you have two additional building sites AND a Cabin if you wanted to separate the parcels. Wrapped in rustic rough cedar siding, it sits perfectly on the island with breathtaking sunrise views greeting you each day, sitting where an original trappers shack was located. You have 3 docks and 2 additional buildable lots. The 3rd dock in on the 4-acre western parcel on the island and features two benches hand made from fallen trees, one overlooks the west view, and one overlooks the east view. In the cabin, you have cozy window seats line the living room, inviting you to soak in the vast lake views. Upstairs, the loft features beds tucked into the eaves for max space, with two more bedrooms on the main floor. Open floor plan hosts the living room, dining and kitchen all overlooking Burntside. And don't forget the Sauna! Spend your days exploring the island's wooded trails and picking fresh wild blueberries. Modern conveniences are already in place: power, internet, septic system... Handy shed stores all your lakeside necessities. True legacy property that is being offered for the first time. Whether you're seeking a peaceful family retreat, a hunting and fishing basecamp, or a private island getaway, look no further. It's time to start living your dreams today.

Details

MLS #7105212
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1978
Days On Site50
Listing Provided ByZ'Up North Realty, Inc. | Andrea Zupancich

Features

Bed(s)3
Bath(s) 1 Total
SQ Feet1,122
Story(s)1
ZoningResidential-Single Family
Acreage12.20
Water FrontYes

Interior

CoolingNone
HeatingBaseboard
AppliancesRange, Refrigerator

Exterior

RoofAsphalt
Construction MaterialsFrame

Parking

Parking FeaturesNone

Taxes

Property13030

Area Information

StateMN
CountySt. Louis
CityEly
Zip Code55731
Community NameMorse Town Of
School District696
High SchoolEly
Listing VS Median (in Morse Town Of)
Price:
$1,490,000
low | high
Med:
$1,490,000
50% of Average
sqft:
1,122
low | high
Med:
1,122
50% of Average
$ / sqft:
$1,328
low | high
Med:
$1,328
50% of Average
On site:
50
low | high
Med:
50
100% of Average
Sourced by Back At You

Market Activity 55731

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 Listings courtesy of Northstar MLS as distributed by MLS GRID. 

Based on information submitted to the MLS GRID as of August 26, 2026 at 2:41:53 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateMN
CountySt. Louis
CityEly
Zip Code55731
Community NameMorse Town Of
School District696
High SchoolEly
Listing VS Median (in Morse Town Of)
Price:
$1,490,000
low | high
Med:
$1,490,000
50% of Average
sqft:
1,122
low | high
Med:
1,122
50% of Average
$ / sqft:
$1,328
low | high
Med:
$1,328
50% of Average
On site:
50
low | high
Med:
50
100% of Average
Sourced by Back At You
Listing Updated: August 26, 2026 at 10:25:31 AM PDT