USD $1,380,000
1852 Grant McMahan Boulevard, Ely, MN, 55731, US
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Listing Courtesy of  Engel & Volkers Lake Minnetonka
3 Bd
2 Ba
2460 sq.ft
AM-5063881
MLS#: 6639470
Set on a secluded 27.5-acre wooded peninsula overlooking the pristine Shagawa Lake, this extraordinary property redefines lakeside living with an ambiance of serene sophistication. With 2,800 feet of southwest-facing shoreline and surrounded by towering pines, this retreat provides an unparalleled sense of privacy and natural beauty, while remaining just five miles from the charming town of Ely. The centerpiece of this estate is a meticulously designed three-bedroom, two-bathroom year-round residence that embodies timeless craftsmanship and modern comfort. Thoughtfully curated with premium materials and an emphasis on harmonious flow, the home offers a seamless blend of functionality and artistry. The main level greets you with an expansive living room with vaulted ceilings, a propane fireplace, and floor-to-ceiling windows that frame breathtaking lake views, allowing natural light to cascade through the space. Two skylights amplify the sense of openness, while rich wood accents add warmth and texture. The kitchen is an entertainer's dream, features granite countertops, a striking tile backsplash, and a central island with seating for two. Sliding patio doors lead to a generous lakeside deck, perfect for alfresco dining and sunset gatherings. Adjacent, the dining room boasts oak flooring, a bay window capturing both southern and eastern views of the lake, and an inviting openness that enhances the flow between spaces. The upper level houses three well-appointed bedrooms with oak floors, ceiling fans,
and picturesque lake vistas. The primary bedroom has access to a secluded deck overlooking the water. On the lower level, a versatile open-concept space offers a cozy family room with custom built-ins and a freestanding propane fireplace—ideal for movie nights or quiet evenings. The property’s outdoor features are equally impressive. A large wraparound deck invites you to savor panoramic lake views while the expansive majestic pine forest offers endless opportunities for exploration. The shoreline transitions gracefully between sandy, level beaches and dramatic rock ridges, creating a landscape as diverse as it is beautiful. For the hobbyist or collector, the 36x40 three-stall garage with steel siding provides ample storage and workspace. Modern amenities, including a drilled well, inspected septic system, and steel siding, ensure peace of mind. Positioned just minutes from Ely, this home balances the tranquility of lakeside living with easy access to the area’s vibrant cultural scene, dining, and outdoor recreation. Shagawa Lake offers year-round enjoyment, from boating and fishing in the summer to snowshoeing and ice fishing in the winter, ensuring every season is memorable. This property is more than a home; it’s an invitation to an enriched lifestyle defined by tranquility and connection to nature. Whether you seek a private retreat, a space to host unforgettable gatherings, or a legacy property to cherish for generations, this rare offering presents an exceptional canvas for your vision.
and picturesque lake vistas. The primary bedroom has access to a secluded deck overlooking the water. On the lower level, a versatile open-concept space offers a cozy family room with custom built-ins and a freestanding propane fireplace—ideal for movie nights or quiet evenings. The property’s outdoor features are equally impressive. A large wraparound deck invites you to savor panoramic lake views while the expansive majestic pine forest offers endless opportunities for exploration. The shoreline transitions gracefully between sandy, level beaches and dramatic rock ridges, creating a landscape as diverse as it is beautiful. For the hobbyist or collector, the 36x40 three-stall garage with steel siding provides ample storage and workspace. Modern amenities, including a drilled well, inspected septic system, and steel siding, ensure peace of mind. Positioned just minutes from Ely, this home balances the tranquility of lakeside living with easy access to the area’s vibrant cultural scene, dining, and outdoor recreation. Shagawa Lake offers year-round enjoyment, from boating and fishing in the summer to snowshoeing and ice fishing in the winter, ensuring every season is memorable. This property is more than a home; it’s an invitation to an enriched lifestyle defined by tranquility and connection to nature. Whether you seek a private retreat, a space to host unforgettable gatherings, or a legacy property to cherish for generations, this rare offering presents an exceptional canvas for your vision.
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Listing Highlights

  • Subtype

    Single Family Residence
  • Price Per Sq Ft

    $560.98
  • View

    City, Lake, City Lights, Panoramic
  • Year Built

    1976
  • Garage Spaces

    3
  • Living Area (Sq Ft)

    2460 sq.ft
  • Stories

    2
  • Tax Annual Amount

    $9,637
  • Lot Size (Acres)

    27.5
  • Heating

    Oil, Propane, Baseboard, Fireplace(s), Hot Water
  • Cooling

    Ceiling Fan(s)
  • County

    St. Louis
  • Subdivision

    Morse Town Of

Property Details

  • Interior Features

      Bedrooms

    • Bedrooms: 3
    • Bathrooms

    • Total Bathrooms: 2
    • Full Bathrooms: 1
    • Three Quarter Bathrooms: 1
    • Other Rooms

    • Basement: [object Object]
    • Basement Description: Walk-Out Access, Block, Finished, Partially Finished, Storage Space, Sump Pump
    • Fireplace: Yes
    • Fireplace Total: 2
    • Interior Features

    • Breakfast Bar
    • Kitchen Island
    • Vaulted Ceiling(s)
    • Flooring: Hardwood
    • Window Features: Skylight(s)
    • Appliances

    • Dishwasher
    • Dryer
    • ENERGY STAR Qualified Appliances
    • Exhaust Fan
    • Freezer
    • Microwave
    • Range
    • Refrigerator
    • Stainless Steel Appliance(s)
    • Washer
    • Water Softener Owned
    • Heating & Cooling

    • Heating: Oil, Propane, Baseboard, Fireplace(s), Hot Water
    • Cooling: Ceiling Fan(s)
  • Utilities
    Water Source
    Private, Well
    Sewer
    Septic Tank, Mound Septic
  • Exterior Features
    Lot Features
    Wooded, Waterfront
    Patio And Porch Features
    Deck
    Waterfront Features
    Lake Front
    WaterBody Name
    Shagawa
  • Construction
    Property Type
    Residential
    Construction Materials
    Metal Siding, Steel Siding
    Flooring
    Hardwood
    Year Built
    1976
    Property Subtype
    Single Family Residence
    Roof
    Metal
    Above Grade Finished Area
    1840
    Below Grade Finished Area
    620
    Building Area Total
    2460
  • Parking
    Garage
    Yes
    Garage Spaces
    3
    Parking Features
    Detached, Gravel, Asphalt, Garage Door Opener

Location

  • MN
  • Ely
  • 55731
  • St. Louis
  • 1852 Grant McMahan Boulevard

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Based on information submitted to the MLS GRID as of 6/6/2023. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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Updated: April 2, 2025 4:30 AM