1852 Grant McMahan Blvd
Ely, MN 55731
- 3 beds
- 2 baths
- 2,460 sqft
- ~28 acre lot
- $560 per sqft
- 1976 build
- – on site
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.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Feb 5, 2025
•
MLS# 6117711 —
The Building
-
Construction Type:Frame/Wood, Other - See Remarks
-
Remodeled/Addition:yes
-
Roof:Metal
-
Stories:2
-
Exterior:Steel
Interior
-
Amenities:Ceiling Fans, Garage Door Opener, Hardwood Floors, Kitchen Center Island, Natural Woodwork, Skylight, Tiled Floors, Vaulted Ceilings, Walk-In Closet, Main Floor Laundry, Dryer Hook-Ups, Washer Hook-Ups
-
Dining:Breakfast Bar, Formal Dining Room
-
Fireplace:yes
-
Fireplaces:2
-
Fireplace Type:gas
-
Basement Style:Full, Partial
-
Basement Features:Finished
-
Basement Material:Concrete Block, Poured Concrete
Financial & Terms
-
Potential Short Sale:no
Location
-
Latitude:47.920352
-
Longitude:-91.882316
The Property
-
Subtype:SF/Attached
-
Lot Description:accessible shoreline, heavy tree coverage
-
Amenities-Exterior:Balcony, Deck
-
View:City Lights, Inland Lake
-
27.5Acres:
-
Road Frontage:Private
-
Road Maintenance:Private
-
Road Between Waterfront and Home:no
-
Waterfront Name:Shagawa
-
Waterfront:yes
-
Outbuildings:Kennel, Storage Shed
-
Classification:Homestead
Listing Agent
- Contact info:
- Agent phone:
- (612) 581-7787
Baths
-
Bath Description:3/4 Main Floor, Full Upper
-
Main Floor Bath:Yes
The Listing
-
Terms:Cash, Conventional
Heating & Cooling
-
Heat:Baseboard, Boiler, Fireplace, Hot Water
-
Air Conditioning:Ductless Mini Split
Utilities
-
Sewer:Mound, Private
-
Water:Drilled, Private
-
Mechanicals:Fuel Tank-Owned, Fuel Tank-Rented, Water Filtration System, Water Softener-Owned, Sump Pump
Appliances
-
Appliances:Dryer, Dishwasher, Exhaust Fan/Hood, Freezer, Microwave, Refrigerator, Range/Stove, Washer
Schools
-
School District:Ely #696
The Community
-
Waterfront Description:Inland Lake
-
Waterfront Access:Private
Parking
-
Garage Type:Detached
-
Garage Dimensions:36 x 40
-
Parking/Driveway:Driveway - Asphalt, Driveway - Gravel
Extra Units
-
Outbuilding Description:Multi-level
Monthly cost estimate
Asking price
$1,380,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$7,389
|
| Taxes | $803 |
| Insurance | $379 |
| Utilities | $222 See report |
| Total | $8,793/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/5/25
Feb 5, 2025
|
Listed / Active | DAAR | $1,380,000 | |
|
6/11/24
Jun 11, 2024
|
Listed / Active | DAAR |
