Set on a secluded 27.5-acre wooded peninsula, this Shagawa Lake property offers a rare combination of space, natural beauty, and lakefront living. With 2,800 feet of southwest-facing shoreline, you can take in breathtaking sunsets, towering pines, and the sounds of nature—just five miles from Ely. 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 2800 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. Shagawa Lake is a year-round destination. Whether you're looking for a secluded retreat, a full-time residence, or a long term investment, this Northwoods property is a rare find.
For sale
Price cut: $100K (6/30)
$1,150,000
1852 Grant McMahan Blvd, Ely, MN 55731
3beds
2,460sqft
Est.:
Single Family Residence
Built in 1976
27.5 Acres Lot
$1,084,000 Zestimate®
$467/sqft
$-- HOA
What's special
Freestanding propane fireplaceCenter islandOak flooringPropane fireplacePicturesque lake viewsStunning lake viewsBreathtaking sunsets
- 199 days
- on Zillow |
- 900 |
- 28 |
Zillow last checked: 7 hours ago
Listing updated: July 01, 2025 at 06:01pm
Listed by:
Abby Andrusko 612-581-7787,
Engel & Volkers Lake Minnetonka
Source: Lake Superior Area Realtors,MLS#: 6117711

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Description: Serene primary suite with oak floors, large closet & a private 14x13 lakeside deck capturing both southwest & east lake views. Split air conditioner.
- Level: Upper
- Area: 140 Square Feet
- Dimensions: 10 x 14
Bedroom
- Description: Large bedroom with oak floors, walk-in closet & reading nook. Split air conditioner.
- Level: Upper
- Area: 255 Square Feet
- Dimensions: 15 x 17
Bedroom
- Description: Generous closet & ceiling fan.
- Level: Upper
- Area: 121 Square Feet
- Dimensions: 11 x 11
Bathroom
- Description: Thoughtfully designed bathroom with separate cedar-lined shower room, tile flooring, and sauna-ready infrastructure.
- Level: Main
- Area: 128 Square Feet
- Dimensions: 8 x 16
Bathroom
- Description: Bath retreat featuring a soothing jetted tub/shower surrounded by tile. Distinctive glass block detail adds natural light.
- Level: Upper
- Area: 48 Square Feet
- Dimensions: 6 x 8
Dining room
- Description: Versatile dining space with rich wood floors & bay window overlooking the lake. Flooded with morning light.
- Level: Main
- Area: 156 Square Feet
- Dimensions: 12 x 13
Entry hall
- Description: Extra freezer/refrigerator & built-in storage.
- Area: 91 Square Feet
- Dimensions: 7 x 13
Great room
- Description: Spacious great room with game space, TV area, carpet, propane fireplace, custom built-ins & a walkout design for plenty of natural light.
- Level: Lower
- Area: 725 Square Feet
- Dimensions: 25 x 29
Kitchen
- Description: Elegant kitchen island with seating for two, granite counters and tile backsplash. Patio doors open to lakefront deck, flooding the space with light.
- Level: Main
- Area: 195 Square Feet
- Dimensions: 13 x 15
Laundry
- Description: Spacious laundry & crafting haven featuring generous storage cabinets, dedicated work counter & large closet for all your creative supplies.
- Level: Main
- Area: 108 Square Feet
- Dimensions: 9 x 12
Living room
- Description: Cozy & bright with skylights, a propane fireplace & panoramic lake views through expansive southwest facing windows.
- Level: Main
- Area: 247 Square Feet
- Dimensions: 13 x 19
Utility room
- Description: Unfinished basement space with ample storage, a dedicated workspace, mechanicals, and pantry storage—all set on a sturdy ledge rock foundation.
- Level: Lower
- Area: 406 Square Feet
- Dimensions: 14 x 29
Heating
- Baseboard, Boiler, Fireplace(s), Hot Water
Cooling
- Ductless
Appliances
- Included: Water Filtration System, Water Softener-Owned, Dishwasher, Dryer, Exhaust Fan, Freezer, Microwave, Range, Refrigerator, Washer
- Laundry: Main Level, Dryer Hook-Ups, Washer Hookup
Features
- Ceiling Fan(s), Kitchen Island, Natural Woodwork, Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Hardwood Floors, Tiled Floors
- Windows: Skylight(s)
- Basement: Full,Partial,Finished
- Number of fireplaces: 2
- Fireplace features: Gas
Interior area
- Total interior livable area: 2,460 sqft
- Finished area above ground: 1,840
- Finished area below ground: 620
Property
Parking
- Total spaces: 3
- Parking features: Asphalt, Gravel, Detached
- Garage spaces: 3
Features
- Levels: Multi-Level
- Patio & porch: Deck
- Exterior features: Balcony
- Has view: Yes
- View description: Inland Lake, City Lights
- Has water view: Yes
- Water view: Lake
- Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Gravel, Rocky, Sand, Undeveloped)
- Body of water: Shagawa
- Frontage length: 2800
Lot
- Size: 27.5 Acres
- Features: Accessible Shoreline, Many Trees
- Residential vegetation: Heavily Wooded
Details
- Additional structures: Kennels, Storage Shed
- Parcel number: 465002002962, 465002002960
- Other equipment: Fuel Tank-Owned, Fuel Tank-Rented
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Steel Siding, Frame/Wood, Other - See Remarks
- Foundation: Concrete Perimeter
- Roof: Metal
Condition
- Year built: 1976
Utilities & green energy
- Electric: Lake Country Power
- Sewer: Private Sewer, Mound Septic
- Water: Private, Drilled
Community & HOA
HOA
- Has HOA: No
Location
- Region: Ely
Financial & listing details
- Price per square foot: $467/sqft
- Tax assessed value: $680,700
- Annual tax amount: $9,637
- Date on market: 2/5/2025
- Listing terms: Cash,Conventional
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