Bobby Lynch

2889 Waters

Ely, MN
$ 1,490,000 Beds 3 Baths 1 Sq 1,122
Monthly Estimate* How much can I afford?

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.

Single Family

  • Price
  • $ 1,490,000
  • City
  • Ely
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • SAINT LOUIS
  • Half Bathrooms
  • 0
  • Area
  • Morse Town Of
  • Lot Size
  • 12.2 Acres
  • Zip
  • 55731
  • Sqr Footage
  • 1,122
  • Year Built
  • 1978
  • Taxes
  • $ 13030
  • Style
  • Single Family
  • MLS#
  • 7105212
Listed By: Z'Up North Realty, Inc.
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1122
Sewer Private Sewer
Heating Baseboard
Cooling None
Roof Asphalt
Appliances Range,Refrigerator
Construction Materials Frame
Year Built 1978
Electric 100 Amp Service
Levels One
Property Subtype Single Family
Tax Year 2026
Waterfront Features Lake Front
Accessibility None
Additional Parcels Description 465004003239,465004003235,465004003394,465004003504
County St. Louis
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Morse Town Of
Full Baths 1
Directions Grant McMahan to Van Vac Rd to fire number. From there to Waters Island,go NW
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 13030
Additional Parcels Y/N Yes
Standard Status Active
Lender Owned No
PostalCity Ely

Interior Features

Basement None
Basement (Y/N) No
Fireplace Y/N No
Above Grade Finished Area 1122
Total Bedrooms 3
Total Baths 1
Bath Desc Main Floor Full Bath
Foundation Dimensions 22x12,22x12,10x11,6x13
Fuel Electric
Waterfront Feet 2265

Exterior Features

Parking Features None
Water Source Drilled
Lot Size Area 12.2
Building Area Total 1122
Lot Dimensions 1832x448x847x614
Waterfront Y/N Yes
Foundation Area 1122

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
Adjust Payment Options
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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

7/7/2026 Listed $1,490,000

Property vs Zip Code Average in 55731

Price
AVG $570K
$1.49M
Taxes
AVG $3,600
$13,030
Year Built
AVG 1973
1978
Visits
AVG 24
11
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

2889 Waters Ely, MN is a Single Family Home for sale at $1490000 with 1122 sqft and a lot size of 12.2 Acres Acre(s). 2889 Waters Ely has 3 bedrooms, 1 baths and was built in 1978. 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.

Bobby Lynch

Bobby Lynch

623-299-1481

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