1852 Grant McMahan BLVD, Ely, MN 55731
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1852 Grant McMahan BLVD, Ely, MN 55731
1852 Grant McMahan BLVD, Ely, MN 55731
1852 Grant McMahan BLVD, Ely, MN 55731
1852 Grant McMahan BLVD, Ely, MN 55731
Matt Humphrey
Matt Humphrey

Advisor License ID: 40861379

+1(507) 513-8167

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$ 880,000

$ 975,000 9.7%

Est. payment /mo
Sold on 05/06/2026

1852 Grant McMahan BLVD Ely, MN 55731

3 Beds

2 Baths

2,460 SqFt

UPDATED:

Key Details

Sold Price $880,000

Property Type Single Family Home

Sub Type Single Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,460 sqft

Price per Sqft $357

Subdivision Morse Town Of

MLS Listing ID 7039929

Sold Date 05/06/26

Bedrooms 3

Full Baths 1

Three Quarter Bath 1

Year Built 1976

Annual Tax Amount $10,975

Tax Year 2026

Contingent None

Lot Size 27.500 Acres

Lot Dimensions irregular

Property Sub-Type Single Family

Property Description

Privately spanning two parcels on a secluded 27.5-acre wooded peninsula, this extraordinary Shagawa Lake property offers an almost unheard-of 2,700+ feet of southwest-facing shoreline, a scale of waterfront ownership rarely available and nearly impossible to replicate today. With panoramic sunset views, towering pines, and complete privacy just five miles from Ely, this is a true Northwoods legacy property. The centerpiece of this property is a well-built, year-round three-bedroom, two-bathroom home designed for comfort and a strong connection to its surroundings. The spacious living room features vaulted ceilings, a propane fireplace, and floor-to-ceiling windows that frame stunning lake views. Skylights bring in natural light, while rich wood finishes add warmth and character. The kitchen is both stylish and functional, with granite countertops, a tile backsplash, and a center island. Sliding doors lead to a large lakeside deck, perfect for outdoor dining and relaxation. The dining room showcases oak flooring, a bay window, and an open layout ideal for gatherings. Upstairs, three well-appointed bedrooms offer picturesque lake views, with the primary bedroom featuring a private deck. The lower level includes a comfortable entertainment room with custom built-ins, a freestanding propane fireplace, and plenty of space to unwind. Outside, the 2700+ feet of shoreline transitions gracefully between sandy, level beaches and dramatic rock ridges, creating a landscape as diverse as it is beautiful. A 36x40 three-stall garage with steel siding provides ample storage. Modern utilities, including a drilled well and an inspected septic system, ensure ease of ownership. A rare opportunity to acquire a truly private Northwoods year-round retreat on one of Ely's most sought-after lakes. Properties of this size and shoreline seldom come available.

Location

State MN

County St. Louis

Zoning Shoreline,Residential-Single Family

Body of Water [{\"LakeAcres\":2344.51, \"WaterBodyKey\":\"106334\", \"BodyOfWaterNumber\":\"69006900\", \"WaterBodyName\":\"Shagawa\", \"NST_LakeChain\":\"N\", \"LakeDepth\":48, \"NST_LakeClass\":\"General Development\"}]

Lake Name Shagawa

Rooms

Basement Block, Daylight/Lookout Windows, Drainage System, Finished, Partially Finished, Storage Space, Sump Pump, Walkout

Dining Room Breakfast Bar, Separate/Formal Dining Room

Interior

Heating Baseboard, Boiler, Fireplace(s), Hot Water, Radiator

Cooling Ductless Mini-Split

Fireplaces Number 2

Fireplaces Type Circulating, Free Standing, Gas, Insert, Living Room

Fireplace Yes

Appliance Dishwasher, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Freezer, Fuel Tank - Owned, Fuel Tank - Rented, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned

Laundry Electric Dryer Hookup, Laundry Room, Main Level, Sink

Exterior

Parking Features Detached Garage, Gravel, Asphalt, Garage Door Opener

Garage Spaces 3.0

Waterfront Description Lake Front,Lake View

View City Lights, East, Lake, Panoramic, South, West

Roof Type Age Over 8 Years,Metal

Road Frontage N

Building

Lot Description Accessible Shoreline, Tree Coverage - Heavy

Story Two

Foundation 620

Sewer Mound Septic

Water Drilled, Private, Well

Level or Stories Two

Structure Type Block,Concrete,Frame,Steel Siding

New Construction false

Schools

School District Ely

Listed by Abby Andrusko • Engel & Volkers Lake Minnetonka

NEARBY SCHOOLS & PROPERTIES

Matt Humphrey

Matt Humphrey

Advisor License ID: 40861379

+1(507) 513-8167

GET MORE INFORMATION

Name
Phone*
Message

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1852 Grant McMahan BLVD