Burntside Lake Retreat – 5.5 Acres with Sandy Shoreline in Highly Sought-After Ely, MN Location! Welcome to a truly rare opportunity on the legendary Burntside Lake, known for its crystal-clear waters, dramatic scenery, and exceptional recreational quality. This year-round Northwoods retreat is set on 5.5 acres with towering pines, privacy, and one of the most desirable sandy, west-facing shorelines on the lake—perfect for swimming, sunbathing, and unforgettable sunsets. The expansive 4,872 sq ft home is as unique as the setting itself, offering three separate yet connected living areas under one roof. Each section includes its own kitchen, bathroom, and living room, allowing for flexible living arrangements—ideal for hosting family, friends, or multi-generational use. These spaces can be opened up for large gatherings or closed off for added privacy. In total, the home features 4 bedrooms, 3 bathrooms, 3 full kitchens and lots of additional space. Tucked just off the main home is a charming 16’ x 24’ dry guest cabin, surrounded by woods and perfect for additional guests, creative space, or quiet retreat. Located on one of the most coveted stretches of Burntside Lake, this property offers the best of lake life in a peaceful and community-focused environment. Burntside is one of Minnesota’s most sought-after lakes—celebrated for its clean waters, stunning shoreline, and proximity to the Boundary Waters Canoe Area Wilderness and Ely’s vibrant community. This is more than a home—it’s a legacy property in a premier location.
For sale
Price cut: $100K (6/6)
$995,000
2445 Reed Rd, Ely, MN 55731
4beds
4,872sqft
:
Get pre-qualified$6,596/mo
Single Family Residence
Built in 1996
5.5 Acres Lot
$-- Zestimate®
$204/sqft
$-- HOA
What's special
Lots of additional spaceFlexible living arrangements
- 83 days |
- 983 |
- 34 |
Zillow last checked:
Listing updated:
Listed by:
Lori Schulze 218-343-1787,
Keller Williams Classic Realty NW - Ely,
Heather Franciskovich 218-235-3895,
Keller Williams Classic Realty NW - Ely
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6124998
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- 3/4 bathrooms: 3
- Main level bedrooms: 1
Rooms
- Room types: Den/Office, Family/Rec, Second Kitchen, Storage Room, Utility Room, Great Room, Entry, Bonus Room
Bedroom
- Level: Lower
- Area: 108 Square Feet
- Dimensions: 9 x 12
Bedroom
- Level: Main
- Area: 147 Square Feet
- Dimensions: 10.5 x 14
Bedroom
- Level: Main
- Area: 196 Square Feet
- Dimensions: 14 x 14
Bedroom
- Level: Main
- Area: 150 Square Feet
- Dimensions: 12 x 12.5
Bonus room
- Level: Main
- Area: 154 Square Feet
- Dimensions: 11 x 14
Entry hall
- Level: Main
- Area: 310.5 Square Feet
- Dimensions: 11.5 x 27
Great room
- Description: Kitchen & Living Room combined
- Level: Lower
- Area: 432 Square Feet
- Dimensions: 18 x 24
Kitchen
- Level: Main
- Area: 204.75 Square Feet
- Dimensions: 10.5 x 19.5
Kitchen
- Level: Main
- Area: 214.5 Square Feet
- Dimensions: 11 x 19.5
Laundry
- Level: Main
- Area: 105 Square Feet
- Dimensions: 10 x 10.5
Living room
- Level: Main
- Area: 331.5 Square Feet
- Dimensions: 17 x 19.5
Living room
- Level: Main
- Area: 312 Square Feet
- Dimensions: 16 x 19.5
Heating
- Baseboard, Dual Fuel/Off Peak, Fireplace(s), Radiant, Wood, Electric
Appliances
- Laundry: Main Level
Features
- Ceiling Fan(s), Eat In Kitchen, Kitchen Island, Natural Woodwork
- Basement: Partial,Egress Windows,Finished,Partially Finished,Walkout,Bath,Bedrooms,Family/Rec Room,Kitchen
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 4,872 sqft
- Finished area above ground: 3,248
- Finished area below ground: 1,624
Property
Parking
- Total spaces: 1
- Parking features: Gravel, Detached
- Garage spaces: 1
Features
- Patio & porch: Deck
- Exterior features: Dock
- Has view: Yes
- View description: Inland Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Sand, Shore-Accessible, Shore-Beach, Shore-Vegetation)
- Body of water: Burntside
- Frontage length: 215
Lot
- Size: 5.5 Acres
- Features: Irregular Lot, Tree Coverage - Heavy, High, BWCA Access
Details
- Additional structures: Greenhouse, Screenhouse, Storage Shed, Guest House, Other
- Foundation area: 3248
- Parcel number: 465004900040
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood, Frame/Wood
- Foundation: Concrete Perimeter
- Roof: Asphalt Shingle
Condition
- Year built: 1996
Utilities & green energy
- Electric: Lake Country Power
- Sewer: Private Sewer
- Water: Drilled
Community & HOA
HOA
- Has HOA: No
Location
- Region: Ely
Financial & listing details
- Price per square foot: $204/sqft
- Tax assessed value: $821,300
- Annual tax amount: $9,285
- Date on market: 5/5/2026
- Cumulative days on market: 84 days
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2026 | Price change | $995,000-9.1%$204/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6124998 Report a problem | ||
| 5/5/2026 | Listed for sale | $1,095,000$225/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6124998 Report a problem | ||
| 12/4/2025 | Listing removed | $1,095,000$225/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6119844 Report a problem | ||
| 10/2/2025 | Price change | $1,095,000-8.4%$225/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6119844 Report a problem | ||
| 8/13/2025 | Price change | $1,195,000-4%$245/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6119844 Report a problem | ||
| 7/24/2025 | Price change | $1,245,000-3.9%$256/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6119844 Report a problem | ||
| 6/4/2025 | Listed for sale | $1,295,000$266/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6119844 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,650 +11.6% | $821,300 +5.4% |
| 2023 | $6,854 +8% | $779,100 +18.8% |
| 2022 | $6,344 +0.6% | $655,600 +16% |
| 2021 | $6,304 | $565,300 |
| 2020 | $6,304 | $565,300 |
| 2019 | $6,304 +2.2% | $565,300 -1% |
| 2018 | $6,168 -0.8% | $570,900 |
| 2017 | $6,220 +0.8% | $570,900 |
| 2016 | $6,168 -0.9% | $570,900 -2.7% |
| 2015 | $6,226 -1.5% | $586,600 +1.8% |
| 2014 | $6,324 +1.1% | $576,000 |
| 2013 | $6,258 -10% | $576,000 -12.3% |
| 2012 | $6,956 +67.3% | $656,700 +35.5% |
| 2011 | $4,158 +42.3% | $484,800 +36.2% |
| 2010 | $2,922 | $355,900 |
| 2009 | $2,922 -9.1% | $355,900 |
| 2008 | $3,216 -0.3% | $355,900 +7.1% |
| 2007 | $3,227 +42.7% | $332,200 +14.9% |
| 2006 | $2,261 -4.7% | $289,200 +21.6% |
| 2004 | $2,373 +10.8% | $237,800 +12% |
| 2003 | $2,142 +17.7% | $212,300 +10% |
| 2002 | $1,819 -30.1% | $193,000 +11% |
| 2001 | $2,601 +5.5% | $173,900 +8.5% |
| 2000 | $2,465 | $160,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 55731
Nearby schools
GreatSchools rating
- 6/10Washington Elementary SchoolGrades: PK-5Distance: 4.1 mi
- 7/10Memorial Middle SchoolGrades: 6-8Distance: 4.1 mi
- 9/10Memorial SecondaryGrades: 9-12Distance: 4.1 mi
- $764,1002 bd1 ba1.1k sqft2403 Reed Rd, Ely, MN 55731Off Market
- $486,6001 bd-- ba480 sqft2411 Reed Rd, Ely, MN 55731Off Market
- $502,8003 bd2 ba1.8k sqft2446 Reed Rd, Ely, MN 55731Off Market
- $416,6002 bd2 ba912 sqft2446 Reed Rd, Ely, MN 55731Off Market
- $824,5002 bd-- ba600 sqft2433 Reed Rd, Ely, MN 55731Off Market
- $767,000-- bd-- ba1k sqft2399 Reed Rd, Ely, MN 55731Off Market
- $616,9002 bd1 ba964 sqft2447 Reed Rd, Ely, MN 55731Off Market
- $476,6002 bd1 ba1k sqft2867 Schaeffer Rd, Ely, MN 55731Off Market
A local agent can set up tours, give advice and negotiate with sellers.
Similar homes
- $1,250,0004 bd4 ba5.2k sqft1663 Saari Rd, Ely, MN 55731For Sale
MLS ID #6121747, Janet Erchul, Ely Realty. Lake Superior Area Realtors as distributed by MLS GRID - $499,0004 bd3 ba2.7k sqft2826 Cedar Lake Rd, Ely, MN 55731For Sale
MLS ID #6124517, Lori Schulze, Keller Williams Classic Realty NW - Ely. Lake Superior Area Realtors as distributed by MLS GRID - $529,0005 bd3 ba2.6k sqft438 Buck View Rd, Ely, MN 55731For Sale
MLS ID #6124475, Patricia Bulinski, Bear Island Realty LLC. Lake Superior Area Realtors as distributed by MLS GRID - $828,0003 bd3 ba2.5k sqft14065 Klos Py Rd, Ely, MN 55731For Sale
MLS ID #150229, Michael Jershe, Arrowhead Realty. Range AOR - $649,0002 bd3 ba2.9k sqft1804 North Bay Rd, Ely, MN 55731-0000For SaleMLS ID #6123963, Andrea Zupancich, Z' Up North Realty. Lake Superior Area Realtors as distributed by MLS GRID
- $525,0003 bd2 ba3.2k sqft1365 S White Iron Rd, Ely, MN 55731For SaleMLS ID #6122797, Kate Davies, Bear Island Realty LLC. Lake Superior Area Realtors as distributed by MLS GRID
- $695,0002 bd3 ba2.6k sqft8124 Virginia Ely Rd, Babbitt, MN 55706For Sale
MLS ID #7061403, Kyle Herr, Whitetail Properties Real Estate. NorthstarMLS as distributed by MLS GRID
