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Active
  • $1,490,000

    2889 Waters Is, Ely, MN 55731

    3beds
    1,122sqft
    : 
    $9,885/mo
    Get pre-qualified
    Single Family
    Built in 1978
    12.2 Acres Lot
    $-- Zestimate®
    $1,328/sqft
    $-- HOA

    What's special

    Breathtaking sunrise viewsVast lake viewsRustic rough cedar siding
    Imagine owning your own private piece of paradise with over 10 acres on Waters Island with a staggering 2,000 feet of pristine shoreline on beautiful Burntside Lake and a rare offering of a separate 2+ acre mainland parcel with 210 feet of shoreline on Van Vac Road for convenient access and extra privacy provided by the massive, towering Pines. Between the Island, and Inland lot, you have two additional building sites AND a Cabin if you wanted to separate the parcels. Wrapped in rustic rough cedar siding, it sits perfectly on the island with breathtaking sunrise views greeting you each day, sitting where an original trappers shack was located. You have 3 docks and 2 additional buildable lots. The 3rd dock in on the 4-acre western parcel on the island and features two benches hand made from fallen trees, one overlooks the west view, and one overlooks the east view. In the cabin, you have cozy window seats line the living room, inviting you to soak in the vast lake views. Upstairs, the loft features beds tucked into the eaves for max space, with two more bedrooms on the main floor. Open floor plan hosts the living room, dining and kitchen all overlooking Burntside. And don't forget the Sauna! Spend your days exploring the island’s wooded trails and picking fresh wild blueberries. Modern conveniences are already in place: power, internet, septic system... Handy shed stores all your lakeside necessities. True legacy property that is being offered for the first time. Whether you’re seeking a peaceful family retreat, a hunting and fishing basecamp, or a private island getaway, look no further. It's time to start living your dreams today.
    68 days
    245
    4

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Andrea Zupancich 218-749-0159,

    Z'Up North Realty, Inc.

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7105212MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 1
      • Full bathrooms: 1
      Bedroom
      • Level: Main
      • Area: 100.8 Square Feet
      • Dimensions: 12 x 8.4
      Bedroom 2
      • Level: Main
      • Area: 106.72 Square Feet
      • Dimensions: 11.6 x 9.2
      Bathroom
      • Level: Main
      • Area: 81.2 Square Feet
      • Dimensions: 11.6 x 7
      Kitchen
      • Level: Main
      • Area: 100.8 Square Feet
      • Dimensions: 14 x 7.2
      Living room
      • Level: Main
      • Area: 248.04 Square Feet
      • Dimensions: 11.7 x 21.2
      Loft
      • Level: Upper
      • Area: 138 Square Feet
      • Dimensions: 6 x 23
      Sauna
      • Level: Main
      • Area: 31.8 Square Feet
      • Dimensions: 6 x 5.3
      Heating
      • Baseboard
      Cooling
      • None
      Appliances
      • Included: Range, Refrigerator
      Features
      • Basement: None
      • Has fireplace: No
      Interior area
      • Total structure area: 1,122
      • Total interior livable area: 1,122 sqft
      • Finished area above ground: 1,122
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: None
      Accessibility
      • Accessibility features: None
      Features
      • Levels: One
      • Stories: 1
      • On waterfront: Yes
      • Waterfront features: Lake Front
      • Frontage length: Water Frontage: 2265
      Lot
      • Size: 12.2 Acres
      • Dimensions: 1832 x 448 x 847 x 614
      Details
      • Foundation area: 1122
      • Additional parcels included: 465004003239,465004003235,465004003394,465004003504
      • Parcel number: 465004003392
      • Zoning description: Residential-Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family
      Materials
      • Frame
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1978

      Utilities & green energy

      • Electric: 100 Amp Service, Power Company: Lake Country Power
      • Gas: Electric
      • Sewer: Private Sewer
      • Water: Drilled

      Community & HOA

      Community
      • Subdivision: Morse Town Of
      HOA
      • Has HOA: No
      Location
      • Region: Ely

      Financial & listing details

      • Price per square foot: $1,328/sqft
      • Annual tax amount: $13,030
      • Date on market: 7/7/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,836/mo

        Price history

        DateEventPrice
        7/7/2026Listed for sale$1,490,000$1,328/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7105212 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 55731

        Getting around

        0 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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