Estimated payment $7,027/month
Highlights
- Private Waterfront
- Docks
- Guest House
- Memorial High School Rated 9+
- Beach Access
- Greenhouse
About This Home
Burntside Lake Retreat – 5.5 Acres with Sandy Shoreline in Highly Sought-After Ely, MN Location! Welcome to a truly rare opportunity on the legendary Burntside Lake, known for its crystal-clear waters, dramatic scenery, and exceptional recreational quality. This year-round Northwoods retreat is set on 5.5 acres with towering pines, privacy, and one of the most desirable sandy, west-facing shorelines on the lake—perfect for swimming, sunbathing, and unforgettable sunsets. The expansive 4,872 sq ft home is as unique as the setting itself, offering three separate yet connected living areas under one roof. Each section includes its own kitchen, bathroom, and living room, allowing for flexible living arrangements—ideal for hosting family, friends, or multi-generational use. These spaces can be opened up for large gatherings or closed off for added privacy. In total, the home features 4 bedrooms, 3 bathrooms, 3 full kitchens and lots of additional space. Tucked just off the main home is a charming 16’ x 24’ dry guest cabin, surrounded by woods and perfect for additional guests, creative space, or quiet retreat. Located on one of the most coveted stretches of Burntside Lake, this property offers the best of lake life with no short-term rentals allowed, ensuring a peaceful and community-focused environment. Burntside is one of Minnesota’s most sought-after lakes—celebrated for its clean waters, stunning shoreline, and proximity to the Boundary Waters Canoe Area Wilderness and Ely’s vibrant community. This is more than a home—it’s a legacy property in a premier location.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,915
Year Built
- Built in 1996
Lot Details
- 5.5 Acre Lot
- Private Waterfront
- 215 Feet of Waterfront
- Lake Front
- Property fronts a private road
- Elevated Lot
- Irregular Lot
- Many Trees
Home Design
- Ranch Style House
- Concrete Foundation
- Poured Concrete
- Wood Frame Construction
- Asphalt Shingled Roof
- Wood Siding
Interior Spaces
- Woodwork
- Ceiling Fan
- Wood Burning Fireplace
- Entryway
- Great Room
- Family Room
- Living Room
- Open Floorplan
- Den
- Bonus Room
- Storage Room
- Utility Room
- Lake Views
Kitchen
- Second Kitchen
- Eat-In Kitchen
- Kitchen Island
Bedrooms and Bathrooms
- 4 Bedrooms
- Bathroom on Main Level
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry on main level
Finished Basement
- Walk-Out Basement
- Partial Basement
- Bedroom in Basement
- Recreation or Family Area in Basement
- Finished Basement Bathroom
- Basement Window Egress
Parking
- 1 Car Detached Garage
- Gravel Driveway
Outdoor Features
- Beach Access
- Docks
- Deck
- Greenhouse
- Storage Shed
Additional Homes
- Guest House
Utilities
- Dual Heating Fuel
- Heating System Uses Wood
- Radiant Heating System
- Baseboard Heating
- Drilled Well
- Private Sewer
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 465-0049-00040
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2023 | $8,000 | $779,100 | $372,700 | $406,400 |
| 2022 | $6,344 | $655,600 | $317,400 | $338,200 |
| 2021 | $6,808 | $565,300 | $270,400 | $294,900 |
| 2020 | $6,304 | $565,300 | $270,400 | $294,900 |
| 2019 | $6,220 | $565,300 | $270,400 | $294,900 |
| 2018 | $6,168 | $570,800 | $308,700 | $262,100 |
| 2017 | $6,226 | $570,900 | $308,800 | $262,100 |
| 2016 | $6,324 | $570,900 | $308,800 | $262,100 |
| 2015 | $6,210 | $586,600 | $324,500 | $262,100 |
| 2014 | $6,210 | $576,000 | $318,100 | $257,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/13/2025 08/13/25 | Price Changed | $1,195,000 | -4.0% | $245 / Sq Ft |
| 07/24/2025 07/24/25 | Price Changed | $1,245,000 | -3.9% | $256 / Sq Ft |
| 06/03/2025 06/03/25 | For Sale | $1,295,000 | -- | $266 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Ne Title | |
| Deed | -- | Ne Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $217,000 | New Conventional | |
| Closed | $190,000 | Construction | |
| Closed | $90,000 | Credit Line Revolving |
Source: Lake Superior Area REALTORS®
MLS Number: 6119844
APN: 465004900040
- 2796 Clayton Rd
- XXX Olson Bay Trail
- 1995 Pine Tree Trail
- 2713 Burntside Lake Rd
- 1918 Pine Tree Trail
- 1896 Echo Trail
- 2263 Longstorff Rd
- 1852 Grant McMahan Blvd
- 2928 Waters Island Unit Waters Island and Do
- 2928 Waters Island
- TBD Waters Island
- X Waters Island
- 2151 Echo Trail
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- 2450 W Newgord Dr
- 85 W Chandler St
- 3547 Norway Ln
- 1475 Echo Trail
