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$975,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 2,460 Sq. Ft.
  • 3 Car Garage
  • Updated 1 day ago
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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.

Full Property Details for 1852 Grant McMahan Blvd

General

  • Price: $975,000
  • Taxes: $10,975 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7039929
  • Updated: 3/31/2026
  • Added to Site: 2 day(s) ago

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Fireplace(s): Circulating, Freestanding, Gas, Insert, Living Room
  • Appliances: Dishwasher, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Freezer, Fuel Tank - Owned, Fuel Tank - Rented, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • 3/4 Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Dining Room: Breakfast Bar, Separate Formal Dining Room
  • Formal Dining Room: Breakfast Bar, Separate/Formal Dining Room
  • Laundry: Electric Dryer Hookup, Laundry Room, Main Level, Sink, Electric Dryer Hookup, Laundry Room, Main Level, Sink

Additional Information

  • Amenities: Balcony, Ceiling Fan(s), City View, Deck, Hardwood Floors, Kitchen Center Island, Kitchen Window, Natural Woodwork, Skylight, Vaulted Ceiling(s), Washer/Dryer Hookup

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Garage: Yes
  • Garage Spaces: 3
  • Parking Features: Detached Garage, Gravel, Asphalt, Garage Door Opener

Location

  • County: St. Louis
  • Township: Ely
  • Subdivision: Morse Town Of
  • Driving Directions: Follow 169 E to County Rd 88/Grant McMahan, turn onto and follow to address; turning left down private driveway. Follow to end of drive where garage and house are located.

School Information

  • School District: 2190 - Ely
  • High School District: Ely

Heating & Cooling

  • Cooling Type: Ductless Mini-Split
  • Heating Type: Baseboard, Boiler, Fireplace(s), Hot Water, Radiator
  • Heating Fuel: Oil, Propane

Utilities

  • Sewer: Mound Septic
  • Water: Drilled, Private, Well

Structural Information

  • Exterior Const.: Block, Concrete, Frame, Steel Siding
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Block, Daylight/Lookout Windows, Drainage System, Finished, Partially Finished, Storage Space, Sump Pump, Walk-Out
  • Foundation Size: 620
  • Roof: Age Over 8 Years, Metal
  • Disability Access: None
  • Square Feet: 2,460
  • Above Ground: 1,840 Sq. Ft.
  • Below Ground: 620 Sq. Ft.
  • Finished Down/Base.: 2,460 Sq. Ft.
  • Year Built: 1976

Additional Structures

  • Other Structures: Garage(s), Kennel/Dog Run, Storage Shed

Lot Features

  • Lot Size (Acres): 27.5
  • Lot Dimensions: irregular
  • Frontage: Private Road
  • Zoning: Shoreline, Residential-Single Family
  • Lot Description: Accessible Shoreline, Heavy Tree Coverage

Water Features

  • Water Front Desc.: Lakefront, Lake View
  • Water Front Feet: 2800
  • Lake Front: Yes
  • Lake Bottom: Gravel, Rocky, Sand, Undeveloped

Financial Considerations

  • Tax Amount: $10,975
  • Tax Year: 2026
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: W 550 FT OF LOT 5
  • Property ID: 465002002962

Listed by Engel & Volkers Lake Minnetonka

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— 1852 Grant McMahan Blvd —

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Schools serving 1852 Grant McMahan Blvd

School District:Ely Public School District
NameGradesDistance
Washington Elementary School, Ely, MN
520 East Harvey Street, Ely, MN 55731
PK-51.7 mi
Memorial Middle School
600 East Harvey Street, Ely, MN 55731
6-81.7 mi
Memorial Secondary
600 East Harvey Street, Ely, MN 55731
9-121.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1852 Grant McMahan Blvd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/31/2026
Listed
$975,000
194900%
MLS
4/29/2020
Sold
$500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1852 Grant McMahan Blvd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,380
—
$680,700
9%
2025
$6,380
8%
$626,600
15%
2024
$5,910
8%
$544,600
22%
2023
$5,468
13%
$446,800
—
2022
$4,844
1%
$446,800
—
2020
$4,814
11%
$446,800
8%
2019
$4,344
7%
$415,500
6%
2018
$4,064
7%
$393,100
8%
2017
$3,784
-14%
$364,200
-15%
2016
$4,404
-1%
$427,800
—
2015
$4,464
1%
$427,800
—
2014
$4,422
-9%
$427,800
-8%
2013
$4,854
—
$464,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1852 Grant McMahan Boulevard, Ely, MN 55731 (MLS# 7039929) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 1852 Grant McMahan Boulevard is currently listed for $975,000 and was received on March 31, 2026. Want to learn more about 1852 Grant McMahan Boulevard? Do you have questions about finding other Single Family real estate for sale in Ely? You can browse all Ely real estate or contact a Coldwell Banker agent to request more information.

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