TBD Waters Island, Ely, MN 55731 (MLS# 6726369)

TBD Waters Island, Ely, MN 55731

$945,000
Property Type: Land Lot Size (sq. ft.): 230,868 Status: Active
Current Price: $945,000 List Date: 5/23/2025 Last Modified: 6/28/2026

Overview

Description

Spectacular Burntside Lake 5-Acre Parcel on the sunny South Shore of Waters Island – Burntside Lake’s largest and most central Island. This is a once-in-a-lifetime opportunity to own a truly remarkable property on what many consider Minnesota’s most beautiful and iconic lake. This pristine and totally private setting offers sunny, south and west facing exposure with breathtaking views across the central part of the lake to the Boundary Waters Wilderness. To the east, enjoy its secluded bay, great for swimming, and sheltered for boats.There are several easily accessible choices for level building sites tucked among majestic Norway pines, as well as a towering granite bluff with unparalleled panoramic views. Includes are for mainland dock a half mile away with a spacious parking area and a short, level driveway to the Eastern Van Vac Road. Seven scenic, paved miles to the charming town of Ely, with its cafes, galleries and frontier spirit. 40 minutes to the Hibbing Airport.

Listing Details MLS# 6726369

General Property Information

Comp Sale YN
No
Development
No
Lot Measurement
Acres
Multiple PIDs?
No
Plat Recorded
Yes
Road Btwn WF & Home?
Yes
Waterfront Frontage
740
Waterfront YN
Yes
Yearly/Seasonal
Yearly
Zoning
Lot
Lot Dimensions
1157x710
Acres
5.3
Lake/Waterfront Name
Burntside
Assessment Pending
No

Property Features

Available Utilities: Electricity Available; None Connected Development Status: Other Elevation Highpoint to Waterfront Slope: Gradual Improvements: None Lake Details: Gravel; Sand Land Inclusions: OTHER Lot Description: BWCA Access; Island/Peninsula; Property Adjoins Public Land; Tree Coverage - Heavy Sellers Terms: Cash; Conventional Topography: Rolling Waterfront Type: Lake Front Waterfront View: Lake; Panoramic

Contract Information

Contingency
None
Original List Price
945000
ListPrice
945000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
TBD
Street Name
Waters Island
Postal City
Ely
County
St. Louis
State
MN
Zip Code
55731
Complex/Dev/Subdivision
Morse Town Of

Assessments

Tax With Assessments
520

Builder Information

Builder Restrictions
Open

More Information

Lake Details

Lake Acres
7313
Lake Depth
126

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
13
Section#
21
Township#
63
IDX
Listing Office: Janisch Realty, Inc
Last Updated: June - 28 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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