2867 Waters Island, Ely, MN
$ 235,000
Property Attributes
  • ID#5738676
  • TypeLand
  • CityEly
  • AreaMakwa Add
  • NeighborhoodMakwa Add
  • Zip55731
  • Style
  • Taxes$ 2340
  • Price$ 235,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3 Acres
Data Source:
Northstar MLS (NSTAR)
Property Description

Waters Island, Burntside Lake! Incredible Island Setting For The Lake Home Or Cabin Of Your Dreams! One of the best views on Burntside overlooking the lake & forest below! Featuring 3 acres & 280 ft lakeshore in a park like forest of towering pines & rock outcroppings w/spectacular island-studded 2 mile blue water & sunshine vistas NE, E & SE. Relax in front of your future fireplace & enjoy this elevated commanding view of the orange moon rising out of the water, w/its track of moonlight coming right to you. This gorgeous parcel has been surveyed, approved for septic & electricity is on site. Natural harbor area at shoreline for dock, boatlift, boathouse. Burntside is a 126 ft deep, exceptionally clear lake of 7314 acres & over 100 islands with trout, walleye & northerns. It’s pristine waters are the source of Ely’s drinking water. See attached Covenants & survey showing construction & utility easements. It is very rare to find a building lot w/superb views, great waterfront.

Price History
4/12/2021 Listed $235,000

General Features

Additional Parcels Y/N No
Association Y/N No
City Ely
Contingency None
County St. Louis
Days on Market 431
Development Status Raw Land
Directions By boat, NW from Van Vac Public Landing
High School District Ely
Lender Owned No
Property Type Land
Restrictions Other Covenants
Standard Status Active
Street Name Waters Island
Subdivision Name Makwa Add
Tax Annual Amount 2340
Tax Year 2021
Topography Rolling
Utilities None Connected, Electricity Available
View East, Lake, Panoramic, South
Water Body Name Burntside
Waterfront Features Lake Front
Waterfront Y/N Yes
Zoning Description Residential-Single Family

Interior Features

Lake Acres 7313
Waterfront Feet 280

Exterior Features

Inclusions Survey
Lot Dimensions 280x872x87x787
Lot Features Irregular Lot, Tree Coverage - Heavy
Lot Size Area 3
Lot Size Units Acres


  • 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

Property vs Land Average in 55731

AVG $740K
AVG $899
AVG 46

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