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$1,495,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 1 Partial Bath
  • 1,350 Sq. Ft.
  • 4 Car Garage
  • Updated 17 hours ago
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An idyllic Burntside Lake retreat located up the famed Echo Trail in Ely, Minnesota, this exceptional one-level lake home offers a rare combination of privacy, quality, and premier shoreline. Set on approximately 3.4 wooded acres with approximately 585 feet of gorgeous level shoreline, the property captures the very best of Northwoods lake life in one of the area's most sought-after locations. The shoreline is truly remarkable, featuring a sand beach, dramatic rock outcroppings, and a new permanent dock perfect for morning coffee, swimming, boating, and quiet evenings by the water. Situated on the quiet east end of Burntside Lake, the completely remodeled 2-bedroom, 1-bath home has been thoughtfully updated with high-quality materials and timeless finishes throughout. Marble tile flooring, granite countertops, top-of-the-line appliances, energy-efficient windows, vaulted ceilings, and an open, airy layout create a relaxed yet refined atmosphere. A beautiful new family room addition expands the living space and provides a comfortable gathering area designed to take in the peaceful lakeside setting. The 1,400 sq. ft. home is complemented by an impressive 1,500 sq. ft. heated garage with attached guest quarters featuring 1-bedroom, a ¾ bath and an open living area/kitchenette, offering excellent space for visitors, hobbies, storage, or year-round use. Additional improvements include a second garage, a beautiful sauna, and two lakeside sheds, adding both function and charm to this extraordinary property. Just 10 minutes from Ely, this Burntside Lake paradise offers the privacy and natural beauty buyers dream of, with convenient access to town. Properties with this much level shoreline, acreage, quality, and character are seldom available. A true premier offering on one of northern Minnesota's most treasured lakes.

Full Property Details for 2056 Mollywood Ln

General

  • Price: $1,495,000
  • Taxes: $6,683 (2026)
  • Status: Active
  • Type: Single Family
  • Source: 1402
  • MLS ID: 6126014
  • Updated: 6/12/2026
  • Added to Site: 3 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s), Garage Door Opener(s), Hardwood Floors, Kitchen Island, Sauna, Vaulted Ceilings, Drywall, Patio Door, Main Floor Laundry
  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Fireplace(s): Multiple
  • Appliances: Dryer, Microwave, Range, Refrigerator, Washer

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Dining Room: Combine with Kitchen, Combine with Living Room

Exterior

  • Exterior Features: Deck, Dock, Fenced Yard - Partial, Patio

Parking

  • Garage: Yes
  • Garage Description: 30 x 32
  • Garage Spaces: 4
  • Parking Features: Gravel
  • Garage Description: Apartment, Bathroom, Bedroom, Electrical Service, Heat, Insulation

Location

  • Area: R
  • County: St. Louis County
  • Driving Directions: From Ely travel east on Hwy 169 to Grant McMahan Blvd. Turn left and follow to the Echo Trail. Turn right and follow to Mollywood Lane turn left onto Mollywood and follow to the property address.

School Information

  • High School District: Ely #696

Heating & Cooling

  • Cooling Type: Ductless Mini-Split
  • Heating Type: Propane

Utilities

  • Sewer: Private Sewer
  • Water: Private, Drilled

Structural Information

  • Architectural Style: Traditional
  • Construction: Frame/Wood
  • Exterior Const.: Fiber Board
  • Basement: Yes
  • Basement Desc.: Crawl Space
  • Windows: Energy Windows
  • Stories/Levels: 1
  • Square Feet: 1,350
  • Year Built: 2024

Additional Structures

  • Other Structures: Shed(s), Sauna, Storage Shed, Workshop, Guest House

Lot Features

  • Property View: Inland Lake, Panoramic
  • Lot Size (Acres): 3.4
  • Lot Dimensions: 525 x 285
  • Frontage: County Road
  • Road Maintenance: Public Maintained Road
  • Lot Features: Accessible Shoreline, Tree Coverage - Light, Level
  • Development Status: Previously Owned
  • Zoning: Residential

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Name: Burntside
  • Water Front Desc.: Inland Lake
  • Lake Front: Yes

Financial Considerations

  • Price Per Sq. Ft.: $1,107.41
  • Tax Amount: $6,683
  • Tax Year: 2026
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: The W 53 ft. of the E 153 ft. and the E 100 ft. of Lot 4 and all of Lots 5, 6 & 7, Mollywood, Town of Morse.
  • Disclosures/Reports: Other Disclosures, Well Disclosure, Disc./Condition Report
  • Property ID: 465-0157-00050, 00042, 00045

Listed by Bear Island Realty LLC

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Listing agents

— 2056 Mollywood Ln —

  • Bear Island Realty LLC

  • Bear Island Realty LLC

***

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 2056 Mollywood Ln

School District:Ely Public School District
NameGradesDistance
Washington Elementary School, Ely, MN
520 East Harvey Street, Ely, MN 55731
PK-54.3 mi
Memorial Middle School
600 East Harvey Street, Ely, MN 55731
6-84.3 mi
Memorial Secondary
600 East Harvey Street, Ely, MN 55731
9-124.3 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 2056 Mollywood Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/10/2026
Listed
$1,495,000
199%
MLS
10/18/2021
Sold
$500,000
—
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 2056 Mollywood Ln

Year
Property Taxes
Change
Tax Assessment
Change
2026
$3,384
3881%
$360,200
23%
2022
$85
—
$293,200
17%
2021
$85
-97%
$251,500
—
2020
$3,010
6%
$251,500
—
2020
$2,838
—
$251,500
-1%
2019
$2,834
—
$253,000
—
2018
$2,828
-1%
$253,000
—
2017
$2,844
-2%
$253,000
-3%
2016
$2,900
-2%
$261,900
—
2015
$2,948
—
$261,900
—
2014
$2,947
-1%
$262,000
—
2013
$2,969
—
$262,000
—
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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Listed by Bear Island Realty LLC

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2056 Mollywood Ln, Ely, MN 55731 (MLS# 6126014) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 2056 Mollywood Ln is currently listed for $1,495,000 and was received on June 10, 2026. Want to learn more about 2056 Mollywood Ln? 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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