1852 Grant Mcmahan Boulevard, Ely, MN 55731

Ely
Local realty services provided by:ERA Gillespie Real Estate
1852 Grant Mcmahan Boulevard,Ely, MN 55731
$975,000
  • 3 Beds
  • 2 Baths
  • 2,460 sq. ft.
  • Single family
  • Active
Listed by: abby andrusko
Office: engel & volkers lake minnetonka
MLS#:7039929
Source:NSMLS

Price summary

  • Price:$975,000
  • Price per sq. ft.:$396.34

About this home

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...

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Home facts

  • Year built:1976
  • Listing ID #:7039929
  • Added:1 day(s) ago
  • Updated:April 01, 2026 at 04:43 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:1
  • Dining Description:Breakfast Bar, Separate/Formal Dining Room
  • Bathrooms Description:Jetted Tub, Main Floor 3/4 Bath, Upper Level Full Bath
  • Kitchen Description:Dishwasher, Exhaust Fan, Freezer, Microwave, Range, Refrigerator, Stainless Steel Appliances
  • Basement:Yes
  • Basement Description:Block, Daylight / Lookout Windows, Drainage System, Finished, Partially Finished, Storage Space, Sump Pump, Walkout
  • Living area:2,460 sq. ft.

Heating and cooling

  • Cooling:Ductless Mini-Split
  • Heating:Baseboard, Boiler, Fireplace(s), Hot Water

Structure and exterior

  • Roof:Age Over 8 Years, Metal
  • Year built:1976
  • Building area:2,460 sq. ft.
  • Lot area:27.5 Acres
  • Lot Features:Accessible Shoreline, Tree Coverage - Heavy
  • Construction Materials:Block, Steel Siding
  • Levels:2 Story

Utilities

  • Water:Private, Well
  • Sewer:Mound Septic

Finances and disclosures

  • Price:$975,000
  • Price per sq. ft.:$396.34
  • Tax amount:$10,975 (2026)

Features and amenities

  • Appliances:Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned
  • Laundry features:Dryer, Washer
  • Amenities:ENERGY STAR Qualified Appliances, Fuel Tank - Owned, Fuel Tank - Rented, Water Filtration System, Water Softener Owned

Parking

  • Parking description:Asphalt, Detached Garage, Garage Door Opener, Gravel
  • Garage:Yes
  • Garage spaces:3
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is 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.

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