1852 Grant Mcmahan Boulevard, Ely, MN 55731
Local realty services provided by:Better Homes and Gardens Real Estate First Choice
1852 Grant Mcmahan Boulevard,Ely, MN 55731
$1,150,000
- 3 Beds
- 2 Baths
- 2,460 sq. ft.
- Single family
- Active
Listed by:abby andrusko
Office:engel & volkers lake minnetonka
MLS#:6639470
Source:NSMLS
Price summary
- Price:$1,150,000
- Price per sq. ft.:$467.48
About this home
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.
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Home facts
- Year built:1976
- Listing Id #:6639470
- Added:210 day(s) ago
- Updated:July 13, 2025 at 11:56 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:1
- Living area:2,460 sq. ft.
Heating and cooling
- Cooling:Ductless Mini-Split
- Heating:Baseboard, Boiler, Fireplace(s), Hot Water, Radiator(s)
Structure and exterior
- Roof:Age Over 8 Years, Metal
- Year built:1976
- Building area:2,460 sq. ft.
- Lot area:27.5 Acres
Utilities
- Water:Private, Well
- Sewer:Mound Septic
Finances and disclosures
- Price:$1,150,000
- Price per sq. ft.:$467.48
- Tax amount:$10,722 (2025)
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