Property Listing
Description
Privately spanning two parcels on a secluded 27.5-acre wooded peninsula, this extraordinary Shagawa Lake property offers an almost unheard-of 2,700+ feet of southwest-facing shoreline, a scale of waterfront ownership rarely available and nearly impossible to replicate today. With panoramic sunset views, towering pines, and complete privacy just five miles from Ely, this is a true Northwoods legacy property. The centerpiece of this property is a well-built, year-round three-bedroom, two-bathroom home designed for comfort and a strong connection to its surroundings. The spacious living room features vaulted ceilings, a propane fireplace, and floor-to-ceiling windows that frame stunning lake views. Skylights bring in natural light, while rich wood finishes add warmth and character. The kitchen is both stylish and functional, with granite countertops, a tile backsplash, and a center island. Sliding doors lead to a large lakeside deck, perfect for outdoor dining and relaxation. The dining room showcases oak flooring, a bay window, and an open layout ideal for gatherings. Upstairs, three well-appointed bedrooms offer picturesque lake views, with the primary bedroom featuring a private deck. The lower level includes a comfortable entertainment room with custom built-ins, a freestanding propane fireplace, and plenty of space to unwind. Outside, the 2700+ feet of shoreline transitions gracefully between sandy, level beaches and dramatic rock ridges, creating a landscape as diverse as it is beautiful. A 36x40 three-stall garage with steel siding provides ample storage. Modern utilities, including a drilled well and an inspected septic system, ensure ease of ownership. A rare opportunity to acquire a truly private Northwoods year-round retreat on one of Ely’s most sought-after lakes. Properties of this size and shoreline seldom come available.
Property Information
Status: Active
Sub Type: ********
List Price: $975,000
MLS#: 7039929
Current Price: $975,000
Address: 1852 Grant McMahan Boulevard, Ely, MN 55731
City: Ely
State: MN
Postal Code: 55731
Geo Lat: 47.924938
Geo Lon: -91.912335
Subdivision: Morse Town Of
County: St. Louis
Property Description
Year Built: 1976
Lot Size SqFt: 1197900
Gen Tax: 11060
Specials Inst: 85
High School: Ely
Square Ft. Source:
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Total SqFt.: 2460
Style: Array
Total Bedrooms: 3
Total Bathrooms: 2
Total Full Baths: 1
Garage Type:
Garage Stalls: 3
Waterfront:
Property Features
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Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: ********
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