1852 Grant McMahan Blvd, Ely, MN 55731 - Photo 1

1/1

$880,000

Sold
Closed
Single Family
3 Beds
1 Full Bath
1 Partial Bath
2,460 Sq. Ft.
3 Car Garage
Updated 9 days ago

1/1

Property 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.

Full Property Details

Full Property Details for 1852 Grant McMahan Blvd

General

Sold For: $880,000
Taxes: $10,975 (2026)
Status: Closed
Type: Single Family
Source: 1402
MLS ID: 6124264
Added to Site: 48 day(s) ago

Interior

Interior Features: Ceiling Fan(s), Garage Door Opener(s), Hardwood Floors, Kitchen Island, Natural Woodwork, Skylight(s), Tiled Floors, Vaulted Ceilings, Walk-In Closet(s), Main Floor Laundry, Dryer Hook-Ups, Washer Hookup
Fireplace: Yes
Number of Fireplaces: 2
Fireplace(s): Gas
Appliances: Dishwasher, Dryer, Exhaust Fan, Freezer, Microwave, Range, Refrigerator, Washer

Rooms

Bathrooms

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

Bedrooms

Total Bedrooms: 3

Other Rooms

Dining Room: Breakfast Bar, Formal Dining Room

Exterior

Exterior Features: Balcony, Deck

Parking

Garage Description: 36 x 40
Garage Spaces: 3
Parking Features: Asphalt, Gravel

Location

Area: R
County: St. Louis County
Driving Directions: Highway 169 East to County Road 88/Grant McMahan. Turn onto County Road 88/Grant McMahan and follow approx. 3.5 miles to the address. Turn left onto the private driveway and continue to the end, where you'll find the garage and house.

School Information

High School District: Ely #696

Heating & Cooling

Cooling Type: Ductless Mini-Split
Heating Type: Baseboard, Boiler, Fireplace(s), Hot Water

Utilities

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

Structural Information

Architectural Style: Multi-Level
Construction: Frame/Wood, Other - See Remarks
Exterior Const.: Steel Siding
Basement: Yes
Basement Desc.: Full, Partial
Foundation: Concrete, Poured Concrete
Roof: Metal
Stories/Levels: 2
Square Feet: 2,460
Year Built: 1976

Additional Structures

Other Structures: Kennels, Storage Shed

Lot Features

Property View: Inland Lake, City Lights
Lot Size (Acres): 27.5
Lot Dimensions: Irregular
Frontage: Private Road
Road Maintenance: Private Maintained Road
Lot Features: Accessible Shoreline, Tree Coverage - Heavy
Development Status: Previously Owned

Water Features

Water Front: Yes
Water View: Yes
Water Front Name: Shagawa
Water Front Desc.: Inland Lake
Lake Front: Yes

Financial Considerations

Price Per Sq. Ft.: $357.72
Tax Amount: $10,975
Tax Year: 2026
Terms: Cash, Conventional

Disclosures and Reports

Legal Description: W 550 FT OF L0T 5
Disclosures/Reports: Well Disclosure, Disc./Condition Report, LBP Disclosure, Septic Disclosure
Property ID: 465002002962, 465002002960
Section: 21

Listed by Engel & Volkers Lake Minnetonka
Sold by Nonmember Office

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— 1852 Grant McMahan Blvd —

Engel & Volkers Lake Minnetonka

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Schools

Schools serving 1852 Grant McMahan Blvd

School District:Ely Public School District

Name	Grades	Distance
Washington Elementary School, Ely, MN 520 East Harvey Street, Ely, MN 55731	PK-5	1.7 mi
Memorial Middle School 600 East Harvey Street, Ely, MN 55731	6-8	1.7 mi
Memorial Secondary 600 East Harvey Street, Ely, MN 55731	9-12	1.7 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

Date

Details

Price

Change

Source

5/06/2026

Sold

$880,000

-9.74%

MLS

3/31/2026

Listed

$975,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Beds
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Total Baths
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1852 Grant McMahan Blvd Ely, MN 55731

Single Family
Closed
Updated 4 days ago

3
Beds
2
Total Baths
2,460
Sq. Ft.

Listed by Engel & Volkers Lake Minnetonka
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Single Family
Closed

3
Beds
2
Total Baths
2,706
Sq. Ft.

Listed and Sold by eXp Realty, LLC- MN

1852 Grant McMahan Blvd, Ely, MN 55731 (MLS# 6124264) is a Single Family property that was sold at $880,000 on May 06, 2026. Want to learn more about 1852 Grant McMahan Blvd? 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.

1852 Grant McMahan Blvd Ely, MN 55731