1852 Grant Mcmahan Boulevard, Ely, MN 55731

Ely
Local realty services provided by:Better Homes and Gardens Real Estate Advantage One
1852 Grant Mcmahan Boulevard,Ely, MN 55731
$975,000
  • 3 Beds
  • 2 Baths
  • 2,460 sq. ft.
  • Single family
  • Active
Listed by: abby andrusko
Office: engel & volkers lake minnetonka
MLS#:7039929
Source:ND_FMAAR

Price summary

  • Price:$975,000
  • Price per sq. ft.:$396.34

About this home

Privately spanning two parcels on a secluded 27.5-acre wooded peninsula, this extraordinary Shagawa Lake property offers an almost unheard-of 2,700+ feet of southwest-facing shoreline, a scale of waterfront ownership rarely available and nearly impossible to replicate today. With panoramic sunset views, towering pines, and complete privacy just five miles from Ely, this is a true Northwoods legacy property. 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...

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Home facts

  • Year built:1976
  • Listing ID #:7039929
  • Added:10 day(s) ago
  • Updated:April 11, 2026 at 03:04 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:1
  • Rooms Total:10
  • Basement:Yes
  • Living area:2,460 sq. ft.

Heating and cooling

  • Cooling:Ductless
  • Heating:Baseboard

Structure and exterior

  • Roof:Metal
  • Year built:1976
  • Building area:2,460 sq. ft.
  • Lot area:27.5 Acres

Utilities

  • Water:Drilled, Private, Well
  • Sewer:Mound Septic

Finances and disclosures

  • Price:$975,000
  • Price per sq. ft.:$396.34
  • Tax amount:$11,060

Parking

  • Garage spaces:3

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