For Sale: Ely MLS# 6639470
Active
$1,380,000
Single Family: 2 Stories
3 br • 2 ba • Built 1976
2,460 sqft • 27.5 acres
Ely schools
MLS# 6639470
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Set on a secluded 27.5-acre wooded peninsula overlooking the pristine Shagawa Lake, this extraordinary property redefines lakeside living with an ambiance of serene sophistication. With 2, 800 feet of southwest-facing shoreline and surrounded by towering pines, this retreat provides an unparalleled sense of privacy and natural beauty, while remaining just five miles from the charming town of Ely.
The centerpiece of this estate is a meticulously designed three-bedroom, two-bathroom year-round residence that embodies timeless craftsmanship and modern comfort. Thoughtfully curated with premium materials and an emphasis on harmonious flow, the home offers a seamless blend of functionality and artistry.
The main level greets you with an expansive living room with vaulted ceilings, a propane fireplace, and floor-to-ceiling windows that frame breathtaking lake views, allowing natural light to cascade through the space. Two skylights amplify the sense of openness, while rich wood accents add warmth and texture.
The kitchen is an entertainer's dream, features granite countertops, a striking tile backsplash, and a central island with seating for two. Sliding patio doors lead to a generous lakeside deck, perfect for alfresco dining and sunset gatherings. Adjacent, the dining room boasts oak flooring, a bay window capturing both southern and eastern views of the lake, and an inviting openness that enhances the flow between spaces.
The upper level houses three well-appointed bedrooms with oak floors, ceiling fans, and picturesque lake vistas. The primary bedroom has access to a secluded deck overlooking the water. On the lower level, a versatile open-concept space offers a cozy family room with custom built-ins and a freestanding propane fireplaceâ??ideal for movie nights or quiet evenings.
The propertyâ??s outdoor features are equally impressive. A large wraparound deck invites you to savor panoramic lake views while the expansive majestic pine forest offers endless opportunities for exploration. The shoreline transitions gracefully between sandy, level beaches and dramatic rock ridges, creating a landscape as diverse as it is beautiful.
For the hobbyist or collector, the 36x40 three-stall garage with steel siding provides ample storage and workspace. Modern amenities, including a drilled well, inspected septic system, and steel siding, ensure peace of mind.
Positioned just minutes from Ely, this home balances the tranquility of lakeside living with easy access to the areaâ??s vibrant cultural scene, dining, and outdoor recreation. Shagawa Lake offers year-round enjoyment, from boating and fishing in the summer to snowshoeing and ice fishing in the winter, ensuring every season is memorable.
This property is more than a home; itâ??s an invitation to an enriched lifestyle defined by tranquility and connection to nature. Whether you seek a private retreat, a space to host unforgettable gatherings, or a legacy property to cherish for generations, this rare offering presents an exceptional canvas for your vision.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,380,000
Price per sq ft:
$561
Property Type:
Single Family
City:
Ely
Garage Spaces:
3
County:
St. Louis
Year Built:
1976
State:
MN
Property Style:
2 Stories
Zip Code:
55731
Subdivision Name:
Morse Town Of
Interior
Bedrooms:
3
Bathrooms:
2
Finished Area:
2,460 ft2
Total Fireplaces:
2
Living Area:
2,460 ft2
Common Wall:
No
Appliances Included:
- Dishwasher
- Dryer
- ENERGY STAR Qualified Appliances
- Exhaust Fan
- Freezer
- Fuel Tank - Owned
- Fuel Tank - Rented
- Microwave
- Range
- Refrigerator
- Stainless Steel Appliances
- Washer
- Water Filtration System
- Water Softener Owned
Fireplace Details:
- Circulating
- Free Standing
- Gas
- Insert
- Living Room
Basement Details:
- Block
- Daylight/Lookout Windows
- Drainage System
- Finished
- Partially Finished
- Storage Space
- Sump Pump
- Walkout
Exterior
Stories:
Two
Garage Spaces:
3
Garage Size:
1,440 ft2
Air Conditioning:
Ductless Mini-Split
Foundation Size:
620 ft2
Handicap Accessible:
None
Out Buildings:
Additional Garage, Dog Kennel, Storage Shed
Road Responsibility:
Private Maintained Road
Heating System:
- Baseboard
- Boiler
- Fireplace(s)
- Hot Water
- Radiator(s)
Parking Features:
- Asphalt
- Detached
- Garage Door Opener
- Gravel
Unit Amenities:
- Balcony
- Ceiling Fan(s)
- City View
- Deck
- Hardwood Floors
- Kitchen Center Island
- Kitchen Window
- Natural Woodwork
- Skylight
- Vaulted Ceiling(s)
- Washer/Dryer Hookup
Road Frontage:
Private Road
Exterior Material:
Steel Siding
Roof Details:
- Age Over 8 Years
- Metal
Rooms
1/4 Baths:
None
Full Baths:
1
Half Baths:
None
3/4 Baths:
1
Bathroom Details:
- Jetted Tub
- Main Floor 3/4 Bath
- Upper Level Full Bath
Dining/Kitchen:
- Breakfast Bar
- Separate/Formal Dining Room
| Upper Level | Size | Sq Ft |
|---|---|---|
| Bedroom 1 | 14 x 10 | 140 |
| Bedroom 2 | 17 x 15 | 255 |
| Bedroom 3 | 11 x 11 | 121 |
| Bathroom | 8 x 6 | 48 |
| Main Level | Size | Sq Ft |
|---|---|---|
| Living Room | 19 x 13 | 247 |
| Kitchen | 15 x 13 | 195 |
| Dining Room | 13 x 12 | 156 |
| Laundry | 12 x 9 | 108 |
| Bathroom | 16 x 8 | 128 |
| Lower Level | Size | Sq Ft |
|---|---|---|
| Great Room | 29 x 25 | 725 |
| Utility Room | 29 x 14 | 406 |
Lake & Waterfront
Waterfront Present:
Y
Waterfront Name:
Shagawa
Waterfront View:
City Lights, East, Lake, Panoramic, South, West
DNR Lake ID#:
69006900
WF Frontage:
2800
Lake Chain Name:
N
Lake Acres:
2344
Lake Depth:
48
Waterfront:
- Lake Front
- Lake View
Lake Bottom:
- Gravel
- Rocky
- Sand
- Undeveloped
Lot & Land
Acres:
27.5
Geolocation:
47.9249380523, -91.9123353533
Lot Dimensions:
Irregular
Addl Parcels:
465002002960
Zoning:
- Residential-Single Family
- Shoreline
Lot Description:
- Accessible Shoreline
- Tree Coverage - Heavy
Schools
School District:
696
District Phone:
218-365-6166
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$9,637
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$9,722
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Fuel System:
- Oil
- Propane
Sewer System:
Mound Septic
Water System:
- Drilled
- Private
- Well
Power Company Name:
Lake Country Power
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Engel & Volkers Lake Minnetonka.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.