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.
Sold for $880,000
$880,000
1852 Grant McMahan Blvd, Ely, MN 55731
3beds
2,460sqft
Single Family Residence
Built in 1976
27.5 Acres Lot
$941,900 Zestimate®
$358/sqft
$2,449 Estimated rent
Home value
$941,900
$895,000 - $989,000
$2,449/mo
Zestimate® history
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List your homeWhat's special
Freestanding propane fireplaceCenter islandPanoramic sunset viewsPropane fireplaceVaulted ceilingsBay windowTile backsplash
Zillow last checked:
Listing updated:
Listed by:
Abby Andrusko 612-581-7787,
Engel & Volkers Lake Minnetonka
Bought with:
Nonmember NONMEMBER
Nonmember Office
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6124264
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Description: Serene primary suite with oak floors, large closet & a private 14x13 lakeside deck capturing both southwest & east lake views. Split air conditioner.
- Level: Upper
- Area: 140 Square Feet
- Dimensions: 10 x 14
Bedroom
- Description: Large bedroom with oak floors, walk-in closet & reading nook. Split air conditioner.
- Level: Upper
- Area: 255 Square Feet
- Dimensions: 15 x 17
Bedroom
- Description: Generous closet & ceiling fan.
- Level: Upper
- Area: 121 Square Feet
- Dimensions: 11 x 11
Bathroom
- Description: Thoughtfully designed bathroom with separate cedar-lined shower room, tile flooring, and sauna-ready infrastructure.
- Level: Main
- Area: 128 Square Feet
- Dimensions: 8 x 16
Bathroom
- Description: Bath retreat featuring a soothing jetted tub/shower surrounded by tile. Distinctive glass block detail adds natural light.
- Level: Upper
- Area: 48 Square Feet
- Dimensions: 6 x 8
Dining room
- Description: Versatile dining space with rich wood floors & bay window overlooking the lake. Flooded with morning light.
- Level: Main
- Area: 156 Square Feet
- Dimensions: 12 x 13
Entry hall
- Description: Extra freezer/refrigerator & built-in storage.
- Area: 91 Square Feet
- Dimensions: 7 x 13
Great room
- Description: Spacious great room with game space, TV area, carpet, propane fireplace, custom built-ins & a walkout design for plenty of natural light.
- Level: Lower
- Area: 725 Square Feet
- Dimensions: 25 x 29
Kitchen
- Description: Elegant kitchen island with seating for two, granite counters and tile backsplash. Patio doors open to lakefront deck, flooding the space with light.
- Level: Main
- Area: 195 Square Feet
- Dimensions: 13 x 15
Laundry
- Description: Spacious laundry & crafting haven featuring generous storage cabinets, dedicated work counter & large closet for all your creative supplies.
- Level: Main
- Area: 108 Square Feet
- Dimensions: 9 x 12
Living room
- Description: Cozy & bright with skylights, a propane fireplace & panoramic lake views through expansive southwest facing windows.
- Level: Main
- Area: 247 Square Feet
- Dimensions: 13 x 19
Utility room
- Description: Unfinished basement space with ample storage, a dedicated workspace, mechanicals, and pantry storage—all set on a sturdy ledge rock foundation.
- Level: Lower
- Area: 406 Square Feet
- Dimensions: 14 x 29
Heating
- Baseboard, Boiler, Fireplace(s), Hot Water
Cooling
- Ductless
Appliances
- Included: Water Filtration System, Water Softener-Owned, Dishwasher, Dryer, Exhaust Fan, Freezer, Microwave, Range, Refrigerator, Washer
- Laundry: Main Level, Dryer Hook-Ups, Washer Hookup
Features
- Ceiling Fan(s), Kitchen Island, Natural Woodwork, Vaulted Ceilings, Walk-In Closet(s)
- Flooring: Hardwood Floors, Tiled Floors
- Windows: Skylight(s)
- Basement: Full,Partial,Finished
- Number of fireplaces: 2
- Fireplace features: Gas
Interior area
- Total interior livable area: 2,460 sqft
- Finished area above ground: 1,840
- Finished area below ground: 620
Property
Parking
- Total spaces: 3
- Parking features: Asphalt, Gravel, Detached
- Garage spaces: 3
Features
- Levels: Multi-Level
- Patio & porch: Deck
- Exterior features: Balcony
- Has view: Yes
- View description: Inland Lake, City Lights
- Has water view: Yes
- Water view: Lake
- Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Gravel, Rocky, Sand, Undeveloped)
- Body of water: Shagawa
- Frontage length: 2730
Lot
- Size: 27.5 Acres
- Features: Accessible Shoreline, Tree Coverage - Heavy
Details
- Additional structures: Kennels, Storage Shed
- Parcel number: 465002002962, 465002002960
- Other equipment: Fuel Tank-Owned, Fuel Tank-Rented
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Steel Siding, Frame/Wood, Other - See Remarks
- Foundation: Concrete Perimeter
- Roof: Metal
Condition
- Year built: 1976
Utilities & green energy
- Electric: Lake Country Power
- Sewer: Private Sewer, Mound Septic
- Water: Private, Drilled
Community & HOA
HOA
- Has HOA: No
Location
- Region: Ely
Financial & listing details
- Price per square foot: $358/sqft
- Tax assessed value: $680,700
- Annual tax amount: $10,975
- Date on market: 3/31/2026
- Cumulative days on market: 15 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/6/2026 | Sold | $880,000-9.7%$358/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6124264 Report a problem | ||
| 4/15/2026 | Pending sale | $975,000$396/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7039929 Report a problem | ||
| 3/31/2026 | Listed for sale | $975,000-15.2%$396/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7039929 Report a problem | ||
| 10/1/2025 | Listing removed | $1,150,000$467/sqft |
Source:  Engel & Volkers #6639470 Report a problem | ||
| 6/30/2025 | Price change | $1,150,000-8%$467/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6639470 Report a problem | ||
| 4/22/2025 | Price change | $1,250,000-9.4%$508/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6639470 Report a problem | ||
| 1/17/2025 | Listed for sale | $1,380,000-22.3%$561/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6639470 Report a problem | ||
| 6/25/2024 | Listing removed | $1,775,000$722/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6114178 Report a problem | ||
| 6/11/2024 | Listed for sale | $1,775,000$722/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6114178 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,910 +8.1% | $680,700 +8.6% |
| 2023 | $5,468 +12.9% | $626,600 +15.1% |
| 2022 | $4,844 +0.6% | $544,600 +21.9% |
| 2021 | $4,814 | $446,800 |
| 2020 | $4,814 | $446,800 |
| 2019 | $4,814 +18.5% | $446,800 +13.7% |
| 2018 | $4,064 -6.4% | $393,100 |
| 2017 | $4,344 +6.9% | $393,100 +7.9% |
| 2016 | $4,064 +7.4% | $364,200 -14.9% |
| 2015 | $3,784 -14.1% | $427,800 |
| 2014 | $4,404 -9.3% | $427,800 -7.8% |
| 2013 | $4,854 +1.9% | $464,200 -3.3% |
| 2012 | $4,764 +28.3% | $479,800 +10.2% |
| 2011 | $3,712 -3.9% | $435,500 -4.2% |
| 2010 | $3,862 | $454,500 |
| 2009 | $3,862 -3% | $454,500 +6.1% |
| 2008 | $3,980 +6.8% | $428,300 +15% |
| 2007 | $3,727 +43.1% | $372,400 +15% |
| 2006 | $2,604 +5.8% | $323,800 +32.2% |
| 2004 | $2,462 +10.7% | $244,900 +12% |
| 2003 | $2,225 +19.5% | $218,700 +11.4% |
| 2002 | $1,862 -26% | $196,400 +15.5% |
| 2001 | $2,517 +6.2% | $170,100 +8.8% |
| 2000 | $2,370 | $156,300 |
Find assessor info on the county website
Neighborhood: 55731
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Nearby schools
GreatSchools rating
- 6/10Washington Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 7/10Memorial Middle SchoolGrades: 6-8Distance: 1.8 mi
- 9/10Memorial SecondaryGrades: 9-12Distance: 1.8 mi
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- Minnesota
- Saint Louis County
- Ely
- 55731
- 1852 Grant McMahan Blvd
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