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1852 Grant Mcmahan Boulevard

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 overlooking the pristine Shagawa Lake, this extraordinary property redefines lakeside living with an ambiance of serene sophistication. With 2,800 feet of southwest-facing shoreline and surrounded by towering pines, this retreat provides an unparalleled sense of privacy and natural beauty, while remaining just five miles from the charming town of Ely. The centerpiece of this estate is a meticulously designed three-bedroom, two-bathroom year-round residence that embodies timeless craftsmanship and modern comfort. Thoughtfully curated with premium materials and an emphasis on harmonious flow, the home offers a seamless blend of functionality and artistry. The main level greets you with an expansive living room with vaulted ceilings, a propane fireplace, and floor-to-ceiling windows that frame breathtaking lake views, allowing natural light to cascade through the space. Two skylights amplify the sense of openness, while rich wood accents add warmth and texture. The kitchen is an entertainer's dream, features granite countertops, a striking tile backsplash, and a central island with seating for two. Sliding patio doors lead to a generous lakeside deck, perfect for alfresco dining and sunset gatherings. Adjacent, the dining room boasts oak flooring, a bay window capturing both southern and eastern views of the lake, and an inviting openness that enhances the flow between spaces. The upper level houses three well-appointed bedrooms with oak floors, ceiling fans, and picturesque lake vistas. The primary bedroom has access to a secluded deck overlooking the water. On the lower level, a versatile open-concept space offers a cozy family room with custom built-ins and a freestanding propane fireplace—ideal for movie nights or quiet evenings. The property’s outdoor features are equally impressive. A large wraparound deck invites you to savor panoramic lake views while the expansive majestic pine forest offers endless opportunities for exploration. The shoreline transitions gracefully between sandy, level beaches and dramatic rock ridges, creating a landscape as diverse as it is beautiful. For the hobbyist or collector, the 36x40 three-stall garage with steel siding provides ample storage and workspace. Modern amenities, including a drilled well, inspected septic system, and steel siding, ensure peace of mind. Positioned just minutes from Ely, this home balances the tranquility of lakeside living with easy access to the area’s vibrant cultural scene, dining, and outdoor recreation. Shagawa Lake offers year-round enjoyment, from boating and fishing in the summer to snowshoeing and ice fishing in the winter, ensuring every season is memorable. This property is more than a home; it’s an invitation to an enriched lifestyle defined by tranquility and connection to nature. Whether you seek a private retreat, a space to host unforgettable gatherings, or a legacy property to cherish for generations, this rare offering presents an exceptional canvas for your vision.

Listing courtesy of NORTHSTAR / Abby Andrusko / Engel & Volkers Lake Minnetonka

Last checked: Checking… • Last updated Jan 19, 2025 •

MLS# 6639470 —

The Building

Year Built:

1976
New Construction:

false
Age Of Property:

49
Construction Materials:

Steel Siding
Construction Materials Desc:

Block,Concrete,Frame,Steel
Roof:

Age Over 8 Years, Metal
Accessibility Features:

None
Levels:

Two
Main Level Finished Area:

1116.0000
Basement:

Block, Daylight/Lookout Windows, Drainage System, Finished, Partially Finished, Storage Space, Sump Pump, Walkout
Basement:

true
Foundation Area:

620
Manufactured Home:

No
Building Area Total:

2460
Above Grade Finished Area:

1840
Below Grade Finished Area:

620

Interior

Dining Room Description:

Breakfast Bar,Separate/Formal Dining Room
Fireplace:

true
Fireplaces Total:

2
Fireplace Features:

Circulating, Free Standing, Gas, Insert, Living Room
Amenities:

Balcony,Ceiling Fan(s),City View,Deck,Hardwood Floors,Kitchen Center Island,Kitchen Window,Natural Woodwork,Skylight,Vaulted Ceiling(s),Washer/Dryer Hookup

Room Dimensions

Living Area:

2460

Location

Directions:

Follow 169 E to County Rd 88/Grant McMahan, turn onto and follow to address; turning left down private driveway. Follow to end of drive where garage and house are located.
Latitude:

47.9249380523
Longitude:

-91.9123353533

The Property

Parcel Number:

465002002962
Zoning Description:

Shoreline,Residential-Single Family
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Additional Parcels:

true
Additional Parcels Description:

465002002960
Lot Features:

Accessible Shoreline, Tree Coverage - Heavy
Lot Size Area:

27.5
Lot Size Dimensions:

irregular
Lot Size SqFt:

1197900
Lot Size Units:

Acres
View:

City Lights, East, Lake, Panoramic, South, West
Lake Chain:

N
Lake Acres:

2344
Lake Depth:

48
Lake Bottom:

Gravel,Rocky,Sand,Undeveloped
Water Body Name:

Shagawa
Waterfront Feet:

2800
Road Between Waterfront and Home:

No
Road Frontage Type:

Private Road
Road Responsibility:

Private Maintained Road
Water Source:

Drilled, Private, Well
Other Structures:

Additional Garage, Dog Kennel, Storage Shed
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

9637
Tax With Assessments:

9722.0000

Beds

Bedrooms Total:

3

Baths

Total Baths:

2
Bath Description:

Main Floor 3/4 Bath,Upper Level Full Bath,Jetted Tub
Full Baths:

1
Three Quarter Baths:

1

Heating & Cooling

Heating:

Baseboard, Boiler, Fireplace(s), Hot Water, Radiator(s)
Cooling:

Ductless Mini-Split

Utilities

Electric:

Circuit Breakers, 150 Amp Service
Sewer:

Mound Septic

Appliances

Appliances:

Dishwasher, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Freezer, Fuel Tank - Owned, Fuel Tank - Rented, Water Filtration System, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned

Schools

High School District:

Ely

The Community

Subdivision Name:

Morse Town Of
Waterfront:

true
Waterfront Features:

Lake Front, Lake View
Association:

false
Assessment Pending:

Yes

Parking

Parking Features:

Detached, Gravel, Asphalt, Garage Door Opener
Garage Spaces:

3
Garage SqFt:

1440

Monthly cost estimate

Asking price

$1,380,000

Expense	Monthly cost
Mortgage	$7,389
Taxes	$803
Insurance	$379
Utilities	$254 See report
Total	$8,825/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
1/17/25 Jan 17, 2025	Listed / Active	NORTHSTAR	$1,380,000

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This house located in MN 55731 is currently for sale for $1,380,000. 1852 Grant Mcmahan Boulevard is a 2,460 square foot house with 3 beds and 2 baths that has been on Estately for 4 days. This house is in the attendance area of Ely Memorial School and Washington Elementary School.

Listing Courtesy of: NORTHSTAR and Engel & Volkers Lake Minnetonka.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.