$1,490,000

2889 Waters Island Ely, MN 55731

Ely Area

Estimated payment $9,260/month

Total Views 3,112
3 Beds
1 Bath
1,122 Sq Ft
$1,328 Price per Sq Ft

Highlights

  • 2,265 Feet of Waterfront
  • 1-Story Property
  • Wood Siding
  • No HOA
  • Baseboard Heating

About This Home

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.

Listing Agent

Andrea Zupancich

Z'Up North Realty, Inc. Listed on: 07/07/2026

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,030

Year Built

  • Built in 1978

Lot Details

  • Lot Dimensions are 1832x448x847x614
  • 2,265 Feet of Waterfront
  • Lake Front
  • Additional Parcels

Home Design

  • Slab Foundation
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 1,122 Sq Ft Home
  • 1-Story Property
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • No Cooling
  • Baseboard Heating
  • 100 Amp Service
  • Drilled Well

Community Details

  • No Home Owners Association
  • Morse Town Of Subdivision

Listing and Financial Details

  • Assessor Parcel Number 465004003392

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,030

Year Built

Built in 1978

Lot Details

12.2 Acres

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family
  • Cooling System: None
  • Outside Features: Wood
  • Accessibility Features: None
  • Water Source: Drilled
  • Year Built: 1978
  • Above Grade Finished Sq Ft: 1122
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Appliances: Range, Refrigerator
  • Living Area: 1122
  • Fireplace: No
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Roof: Asphalt
  • Foundation Details: Slab
  • Waterfront Frontage: 2265

Garage/Parking

  • Parking Features: None

Utilities

  • Heating: Baseboard
  • Sewer: Private Sewer
  • Electric: 100 Amp Service
  • Fuel: Electric
  • Power Company: Lake Country Power

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Ely
  • SchoolDistrictPhone: 2183656166

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 1832x448x847x614
  • Land Lease: No
  • Additional Parcels: Yes
  • Zoning Description: Residential-Single Family
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Frame

Tax Info

  • Tax Year: 2026
  • Assessor Parcel Number: 465004003392
  • Tax Annual Amount: 13030
  • TaxWithAssessments: 13030

Multi Family

  • WaterfrontFeatures: Lake Front

Map

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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 $6,638 $575,700 $440,200 $135,500
2023 $5,592 $554,500 $415,300 $139,200
2022 $5,612 $469,000 $353,100 $115,900
2021 $4,802 $401,200 $300,200 $101,000
2020 $4,538 $401,600 $300,600 $101,000
2019 $4,288 $401,600 $300,600 $101,000
2018 $4,278 $381,200 $279,600 $101,600
2017 $4,304 $381,200 $279,600 $101,600
2016 $4,422 $381,200 $279,600 $101,600
2015 -- $395,700 $294,100 $101,600
2014 -- $394,500 $297,200 $97,300
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
07/07/2026 07/07/26 For Sale $1,490,000 -- $1,328 / Sq Ft
Source: NorthstarMLS

Source: NorthstarMLS

MLS Number: 7105212

NorthstarMLS
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