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
Single Family Residence
Built in 1996
5.5 Acres Lot
$-- Zestimate®
$204/sqft
$-- HOA
What's special
Lots of additional spaceFlexible living arrangements
- 37 days |
- 1,029 |
- 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
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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: 38 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 | $160,300 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 55731
Nearby schools
GreatSchools rating
- 5/10Washington Elementary SchoolGrades: PK-5Distance: 4.1 mi
- 6/10Memorial Middle SchoolGrades: 6-8Distance: 4.1 mi
- 9/10Memorial SecondaryGrades: 9-12Distance: 4.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Minnesota
- Saint Louis County
- Ely
- 55731
- 2445 Reed Rd
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