$1,495,000

2056 Mollywood Ln Ely, MN 55731

Estimated payment $8,585/month

Total Views 1,256
3 Beds
2 Baths
1,350 Sq Ft
$1,107 Price per Sq Ft

Highlights

  • Private Waterfront
  • Guest House
  • Panoramic View
  • Memorial High School Rated 9+
  • Sauna
  • Vaulted Ceiling

About This Home

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 3⁄4 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.

Listing Agent

Kate Davies

Bear Island Realty LLC Brokerage Phone: Listed on: 06/10/2026

Co-Listing Agent

Anna Yahnke

Bear Island Realty LLC Brokerage Phone:

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,683

Year Built

  • Built in 2024

Lot Details

  • 3.4 Acre Lot
  • Lot Dimensions are 525 x 285
  • Private Waterfront
  • Property fronts a county road

Parking

  • Detached Garage

Property Views

  • Lake
  • Panoramic

Home Design

  • Concrete Fiber Board Siding

Interior Spaces

  • 1,350 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • 2 Fireplaces
  • Family Room
  • Sauna
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Separate Outdoor Workshop
  • Shed
  • Storage Shed

Utilities

  • Ductless Heating Or Cooling System
  • Private Water Source
  • Drilled Well

Additional Features

  • Energy-Efficient Windows
  • Guest House

Listing and Financial Details

  • Assessor Parcel Number 465-0157-00050, 00042, 00045

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,683

Year Built

Built in 2024

Lot Details

3.4 Acres

Parking

4

Listing Details

  • 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.
  • Tax Year: 2026
  • View Type:Pond View: Inland Lake, Panoramic
  • Year Built: 2024
  • Property Sub Type: Single Family Detached
  • Property Type: Residential
  • LotSizeAcres: 3.4
  • Lot Size: 525 x 285
  • Road Frontage Type: County Road
  • Water Body Name: Burntside
  • Co List Office Mls Id: LSA31750
  • Co List Office Phone: 218-365-2800
  • Co List Office Mls Id: LSA31750
  • Above Grade Finished Sq Ft: 1350
  • Living Area: 1350
  • RoomType: Kitchen
  • LSA_Foreclosure: No
  • LSA_Auction: No
  • LSA_ManagementCompany: ***
  • LSA_LeasedLand: Owned
  • RoomType: Bedroom
  • RoomType: Bedroom
  • RoomType: Laundry
  • RoomType: Family Room
  • RoomType: Kitchen
  • RoomType: Bedroom
  • RoomType: Bathroom
  • Special Features: 4098

Interior Features

  • Appliances: Dryer, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Multiple
  • Fireplaces: 2
  • Stories: 1
  • Window Features: Energy Windows
  • LSA_MainFloorBedroom: 1

Exterior Features

  • Disclosures: Other Disclosures, Well Disclosure, Disc./Condition Report
  • Construction Type: Fiber Board
  • Foundation Details: N/A
  • Other Structures: Shed(s), Sauna, Storage Shed, Workshop, Guest House
  • LSA_WaterfrontAccess: Private

Garage/Parking

  • Parking Features: Gravel
  • LSA_GarageType: Detached,Multiple

Utilities

  • Sewer: Private Sewer
  • Cooling: Ductless Mini-Split
  • Water Source: Private, Drilled

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Development Status: Previously Owned
  • Parcel Number: 465-0157-00050, 00042, 00045
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 6683

Map

Range of Values:

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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 $3,384 $360,200 $256,800 $103,400
2023 $330 $346,700 $242,400 $104,300
2022 $85 $293,200 $206,400 $86,800
2021 $3,010 $251,500 $175,800 $75,700
2020 $2,838 $251,500 $175,800 $75,700
2019 $2,834 $251,500 $175,800 $75,700
2018 $2,828 $253,000 $170,900 $82,100
2017 $2,844 $253,000 $170,900 $82,100
2016 $2,900 $253,000 $170,900 $82,100
2015 $2,947 $261,900 $179,800 $82,100
2014 $2,947 $262,000 $179,800 $82,200
Source: Public Records

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 Prior Sale
06/10/2026 06/10/26 For Sale $1,495,000 +199.0% $1,107 / Sq Ft
10/22/2021 10/22/21 Sold $500,000 0.0% $651 / Sq Ft View Prior Sale
09/24/2021 09/24/21 Pending -- -- --
07/07/2021 07/07/21 For Sale $500,000 -- $651 / Sq Ft
Source: Lake Superior Area REALTORS®

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
Deed $500,000 Northeast Title
Deed $500,000 Northeast Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

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
Open $500,000 VA
Closed $500,000 VA
Source: Public Records

Source: Lake Superior Area REALTORS®

MLS Number: 6126014

APN: 465015700042

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