X Waters Island

Ely, MN
$ 1,585,000 Beds 4 Baths 3.5 Sq 2,146
Monthly Estimate* How much can I afford?

There is no other property on iconic Burntside Lake like this one! Welcome to Aurora Waters, a one of a kind, landmark home on a spectacular island! This is a magical property: 5 hand crafted cabins and 4 exotic Yurts spread through an enchanted, open forest of 20.9 acres with 2,140 feet of sunny, southern facing shoreline. Towering Norway pines and high granite bluffs offer shimmering island studded views across the vast, main body of the lake to the legendary Boundary Waters Wilderness, world famous for canoe trips. Catch giant lake trout in the 120’ clear, spring fed depths in front of your dock, and sauna and swim under the shimmer of the Northern Lights. Bald eagles and deer abound. Loons call in the still twilight, and the stars are bright and close. Waters Island is the largest, most central island on Burntside and Aurora’s neighboring forest is held in a Land Trust. It’s the ultimate in seclusion and privacy, yet easily accessible via a nearby dock (included). There is a flat, spacious parking area with a level, hundred yard driveway to the Eastern Van Vac Road. Just seven paved miles to the charming frontier town of Ely with its cafes, restaurants, canoe outfitters and shopping. 40 minutes to the Hibbing Airport. Something like this will never come up for sale on Burntside again. Invest in a legacy property and a rare sanctuary in these turbulent times. Visit soon!

Single Family

  • Price
  • $ 1,585,000
  • City
  • Ely
  • Bedrooms
  • 4
  • Full Bathrooms
  • 3
  • County
  • SAINT LOUIS
  • Half Bathrooms
  • 1
  • Area
  • Morse Town Of
  • Lot Size
  • 15.6 Acres
  • Zip
  • 55731
  • Sqr Footage
  • 2,146
  • Year Built
  • 1997
  • Taxes
  • $ 9252
  • Style
  • Single Family
  • MLS#
  • 6726363
Listed By: Janisch Realty, Inc
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2146
Sewer Private Sewer
Heating Fireplace(s)
Cooling None
Roof Asphalt
Appliances Dishwasher,Electric Water Heater,Exhaust Fan,Microwave,Range,Refrigerator
Construction Materials Frame
Year Built 1997
Electric 200+ Amp Service
View East,Lake,North,Panoramic,South,West
Levels One
Property Subtype Single Family
Tax Year 2026
Waterfront Features Lake Front
Accessibility None
County St. Louis
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Morse Town Of
Other Structures Bunk House,Gazebo,Sauna,Storage Shed
Full Baths 2
Directions By boat,NW from Van Vac Public Landing,Mainland lot property is road accessible.
City Ely
High School District Ely
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 9252
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),Deck,Kitchen Window,Panoramic View
PostalCity Ely

Interior Features

Basement Crawl Space
Total Fireplaces 1
Fireplace Features Free Standing,Wood Burning
Basement (Y/N) No
Fireplace Y/N Yes
Above Grade Finished Area 2146
Half Baths 1
3/4 Baths 1
Total Bedrooms 4
Total Baths 4
Bath Desc Main Floor 1/2 Bath,Main Floor 3/4 Bath,Main Floor Full Bath
Dining Room Description Informal Dining Room,Living/Dining Room
Fuel Wood
Waterfront Feet 1400

Exterior Features

Parking Features Gravel
Lot Features Irregular Lot,Tree Coverage - Heavy
Water Source Lake Water
Lot Size Area 15.6
Building Area Total 2146
Lot Dimensions 1379x1400
Waterfront Y/N Yes
Foundation Area 2146
Road Frontage Type County Road
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Wayzata, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/23/2025 Listed $1,585,000

Property vs Zip Code Average in 55731

Price
AVG $570K
$1.59M
Taxes
AVG $3,600
$9,252
Year Built
AVG 1973
1997
Visits
AVG 24
184
Data Provided by Inside Real Estate®

Areas That We Cover

X Waters Island Ely, MN is a Single Family Home for sale at $1585000 with 2146 sqft and a lot size of 15.6 Acres Acre(s). X Waters Island Ely has 4 bedrooms, 3 baths and was built in 1997. The property's zip code is 55731 which is in Ely, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.