Ready to make this dream estate your legacy? Burntside Lake Home on Outlet Bay in Ely is now available. Whether watching trout swim upstream, observing eagles dive for fish, or enjoying the serenity of the woodland surroundings, you'll find countless reasons to stay and call Greystone home. Unparalleled living experience in Ely, MN. This one-of-a-kind custom home 5BR/6BA home is being offered for the very first time. Nestled on a sprawling 20-acre estate, this property boasts 1155 ft of pristine shoreline along Burntside Lake's Outlet Bay and the Burntside River. Surrounded by the beauty of nature, this estate is designed for those who seek both luxury and adventure. Greystone offers many features, too many to list, but include: 2 double sided Tulikivi green soapstone fireplaces (one with a pizza oven), two laundry rooms (main floor and 2nd flr), elevator, secret underground passage to the garage and guest rooms, outdoor kitchen, boathouse with patio, walking paths, pole bldg, She Shed /Potting Shed, reclaimed hardwood floors, wood paneled walls, Creston Security System, Folding Marvin Windows with electronic screens, real stone facade, Fir Douglas flooring, knotty alder custom cabinets, and the list keeps going!
Sold for $3,500,000 on 07/18/25
$3,500,000
3231 Wolf Lake Rd, Ely, MN 55731
5beds
5,250sqft
Single Family Residence
Built in 2007
20 Acres Lot
$3,501,100 Zestimate®
$667/sqft
$5,386 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 18, 2025 at 02:54pm
Listed by:
Andrea Zupancich 218-749-0159,
Z' Up North Realty
Bought with:
Patricia Bulinski, MN 20274047
Bear Island Realty LLC
Source: Lake Superior Area Realtors,MLS#: 6114471

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 2
- 3/4 bathrooms: 2
- 1/2 bathrooms: 2
Bedroom
- Description: With Own 3/4 Bath (13x12.6)
- Level: Upper
- Area: 163.8
- Dimensions: 13 x 12.6
Bedroom 1
- Description: With Own Full Bath (6x9), Built In Bookcases And Reading Nook
- Level: Upper
- Area: 377.58
- Dimensions: 18.6 x 20.3
Primary bathroom
- Features: Full Master
Bathroom
- Description: In The Master Suite, Soaking Jetted Tub, Large Walk In Shower, Double Sink With Granite Counter
- Level: Upper
- Area: 187.25
- Dimensions: 17.5 x 10.7
Dining room
- Description: Informal Dining With Marvin Sliding Doors To Patio Over Looking Lake
- Level: Main
- Area: 165
- Dimensions: 15 x 11
Kitchen
- Description: Granite Counters, Birch Cabinets, Sub Zero Freezer, Wolf Stove, Multilevel Breakfast Bar. Tulikivi Green Soapstone Fireplace With Pizza Oven.
- Level: Main
- Area: 205.85
- Dimensions: 17.9 x 11.5
Living room
- Description: Built In Bookshelves, Stunning Views Of The Lake And River Bridge
- Level: Main
- Area: 323.19
- Dimensions: 17.1 x 18.9
Office
- Description: With North Facing Views Of Outlet Bay Built In Desks And Book Case And Tulikivi Green Soap Stone Fireplace
- Level: Lower
- Area: 240
- Dimensions: 15 x 16
Heating
- Forced Air, Propane
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Oven, Washer
- Laundry: Main Level, 2nd Floor Laundry, Laundry Room
Features
- Ceiling Fan(s), Eat-in Kitchen, Wired for Data, Kitchen Island, Natural Woodwork, Sauna, Walk-In Closet(s), Wet Bar, Beamed Ceilings, Panelled Walls, Kitchen, Dining Room, Living Room, Sunroom/Solarium, Mud Room, Bathroom, Bedroom, Rec Room, Den/Office, Family/Rec, Sitting/Parlor, Sunrm/Solarium, Utility Room, Breakfast Bar, Eat-In Kitchen, Informal Dining Room
- Flooring: Hardwood, Tile
- Doors: Patio Door
- Windows: Double Glazed, Energy Windows, Wood Frames
- Basement: Egress Windows,Finished,Walk-Out Access,Bath,Den/Office,Family/Rec Room,Kitchen,Utility Room,Block,Full
- Number of fireplaces: 4
- Fireplace features: Basement
Interior area
- Total structure area: 5,250
- Total interior livable area: 5,250 sqft
- Finished area above ground: 3,500
- Finished area below ground: 1,750
Property
Parking
- Total spaces: 2
- Parking features: Gravel, Garage Door Opener, Detached, Multiple
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Elevator Installed
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio, Enclosed
- Exterior features: Balcony, Dock, Outdoor Kitchen, Rain Gutters
- Has view: Yes
- View description: Bay, River
- Has water view: Yes
- Water view: Bay,River
- Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Gravel, Rocky, Sand, Shore-Accessible)
- Body of water: Burntside
- Frontage length: 1155
Lot
- Size: 20 Acres
- Dimensions: 644x471x1074x332x939x218
- Features: Accessible Shoreline, Irregular Lot, Wooded, Level, Pond, Rolling Slope, BWCA Area
Details
- Additional structures: Boat House, Pole Building, Guest House, Studio
- Parcel number: 465004005145 and 465004005170
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Frame/Wood, Stone, Wood Siding
- Roof: Metal
Condition
- New Construction
- New construction: Yes
- Year built: 2007
Utilities & green energy
- Electric: Lake Country Power, Other
- Sewer: Private Sewer
- Water: Private
- Utilities for property: Underground Utilities, Fiber Optic
Community & neighborhood
Security
- Security features: Security System
Location
- Region: Ely
Other
Other facts
- Listing terms: Cash,Conventional