Estimated payment $4,666/month
Highlights
- Private Waterfront
- Guest House
- Panoramic View
- Memorial High School Rated 9+
- Public Water Access
- 2.8 Acre Lot
About This Home
Experience a rare lakeside sanctuary with unparalleled sunset views on Shagawa Lake in Ely MN. This 2-bedroom, 2-bath home has been fully reimagined with meticulous attention to detail, combining top-tier craftsmanship with the warmth of a truly inviting residence. Nestled on approximately 2.8 acres of pine-studded land, the property boasts nearly 300 feet of level shoreline and a pristine sandy beach. An idyllic setting for both serene mornings and memorable evenings. A charming stone walkway guides you to the approximately 1,300-square-foot home, where every element has been thoughtfully curated. Two enclosed entries, gleaming wood floors, and an abundance of natural light set the tone. The chef’s kitchen, equipped with Fisher & Paykel appliances and granite countertops, flows seamlessly into a breakfast nook with sweeping panoramic lake views from every window. The main level features a welcoming living room, powder room, and utility/laundry space, creating a perfect blend of function and elegance. Upstairs, the master suite is a private haven, with soaring vaulted ceilings, a cozy sitting area, and a spa-like bath complete with a tile shower, soaking tub, granite counters, and in-floor heating. The third level offers a versatile space ideal as a guest retreat, home office, or artist’s studio with stunning vistas of the lake. Complementing the main residence, a thoughtfully designed guest house invites friends and family to stay in style. With tile floors, tongue-and-groove walls, vaulted ceilings, a loft, three-quarter bath, off-peak electric heating, and a charming fireplace, it is both luxurious and cozy. Additional amenities include an oversized one-stall garage, storage shed, and two 5 kW eco-friendly solar panels, ensuring a lower carbon footprint. Lush natural landscaping, wildflowers, and abundant wildlife complete the setting, offering a rare combination of tranquility, elegance, and comfort. Enjoy direct access to the Trezona Trail and located less than two miles from downtown Ely which charms with cozy coffee shops, local restaurants, art galleries, and unique boutiques. This is more than a home, it’s a lakeside retreat of distinction, where every detail reflects quality, character, and a lifestyle embraced by the beauty of the Northwoods.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,926
Year Built
- Built in 1996
Lot Details
- 2.8 Acre Lot
- Lot Dimensions are 680 x 200
- Private Waterfront
Parking
- Detached Garage
Property Views
- Lake
- Panoramic
Home Design
- Metal Roof
Interior Spaces
- 1,300 Sq Ft Home
- 3-Story Property
- Vaulted Ceiling
- Gas Fireplace
- Entrance Foyer
- Living Room
- Laundry Room
Kitchen
- Breakfast Area or Nook
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- Soaking Tub
Outdoor Features
- Public Water Access
- Storage Shed
Additional Homes
- Guest House
Listing and Financial Details
- Assessor Parcel Number 030-0170-00060, 00070
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,928 | $222,400 | $131,700 | $90,700 |
| 2023 | $3,002 | $211,400 | $120,700 | $90,700 |
| 2022 | $2,482 | $195,600 | $110,500 | $85,100 |
| 2021 | $2,802 | $160,600 | $90,000 | $70,600 |
| 2020 | $2,520 | $160,600 | $90,000 | $70,600 |
| 2019 | $2,456 | $160,600 | $90,000 | $70,600 |
| 2018 | $2,108 | $160,600 | $90,000 | $70,600 |
| 2017 | $1,998 | $143,000 | $102,300 | $40,700 |
| 2016 | $2,826 | $134,600 | $97,800 | $36,800 |
| 2015 | $2,927 | $156,800 | $113,500 | $43,300 |
| 2014 | $2,927 | $156,800 | $113,500 | $43,300 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/15/2026 07/15/26 | Price Changed | $775,000 | -6.1% | $596 / Sq Ft |
| 03/18/2026 03/18/26 | For Sale | $825,000 | -- | $635 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $271,000 | Northeast Title Company |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $205,550 | New Conventional | |
| Previous Owner | $205,100 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $150,000 | Credit Line Revolving |
Source: Lake Superior Area REALTORS®
MLS Number: 6124116
APN: 030017000070
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Ask me questions while you tour the home.