$1,095,000

2445 Reed Rd Ely, MN 55731

Estimated payment $6,614/month

Total Views 651
4 Beds
3 Baths
3,248 Sq Ft
$337 Price per Sq Ft

Highlights

  • Very Popular Property
  • Lake View
  • Bonus Room
  • Memorial High School Rated 9+
  • 1 Fireplace
  • Great Room

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 in 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.

Listing Agent

Lori Schulze

Keller Williams Classic Realty NW - Ely Brokerage Phone: Listed on: 05/05/2026

Keller Williams Classic Realty NW - Ely

Co-Listing Agent

Heather Franciskovich

Keller Williams Classic Realty NW - Ely Brokerage Phone:

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,285

Year Built

  • Built in 1996

Lot Details

  • 5.5 Acre Lot

Parking

  • 1

Interior Spaces

  • 1-Story Property
  • 1 Fireplace
  • Entryway
  • Great Room
  • Living Room
  • Bonus Room
  • Lake Views
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 465-0049-00040

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,285

Year Built

Built in 1996

Lot Details

5.5 Acres

Parking

1

Listing Details

  • Directions: From Ely take 169 west to 88. Turn right on 88. Turn left on Burntside Ridge. Stay to the left onto Reed Rd. Continue staying to the left until you reach the property fire number on your right. Sign at property.
  • Tax Year: 2026
  • View Type:Pond View: Inland Lake
  • Reso Roof: Asphalt Shingle
  • Year Built: 1996
  • Property Sub Type: Single Family Detached
  • Property Type: Residential
  • Lot Size: Irregular
  • Road Frontage Type: Private Road
  • Water Body Name: Burntside
  • Co List Office Mls Id: LSA31741
  • Co List Office Phone: 763-463-7500
  • Co List Office Mls Id: LSA31741
  • Above Grade Finished Sq Ft: 3248
  • Special Features: None

Interior Features

  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1624
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Stories: 1

Exterior Features

  • Disclosures: Assoc Document
  • Construction Type: Wood
  • Foundation Details: Concrete, Poured Concrete
  • Other Structures: Greenhouse, Screenhouse, Storage Shed, Guest House, Other

Garage/Parking

  • Parking Features: Gravel

Utilities

  • Sewer: Private Sewer
  • Water Source: Drilled

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Development Status: Previously Owned
  • Parcel Number: 465-0049-00040
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 9285

Map

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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
2024 $9,370 $821,300 $394,800 $426,500
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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2026 05/05/26 For Sale $1,095,000 -- $337 / 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 -- Ne Title
Deed -- Ne Title
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
Closed $90,000 Credit Line Revolving
Source: Public Records

Source: Lake Superior Area REALTORS®

MLS Number: 6124998

APN: 465004900040

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