# 1852 Grant McMahan Boulevard, Ely, MN 55731

> **TL;DR:** 3bd/2ba other, $975,000 ($396/sqft), built 1976, 2,460 sqft.
> Fireplace, Waterfront, View, Hardwood. Est. $4,225/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $975,000 |
| Price/sqft | $396 |
| Bedrooms | 3 |
| Bathrooms | 1 full |
| Square Feet | 2,460 |
| Year Built | 1976 |
| Lot Size | 1,197,900 sqft (27.50 acres) |
| Stories | 2 |
| Property Type | Other (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Why This Home Stands Out

- **Waterfront** - Direct water access
- **Views** - City, Lake, Panorama
- **Hardwood Floors** - Throughout the home

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,225 |
| **Total** | **$4,225** |

## Key Amenities

- Fireplace
- Waterfront
- View
- Hardwood

## Property Highlights

- Built in 1976
- 27.50 acre lot
- 2 stories
- Fireplace
- Waterfront

## Description

### Agent Description
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 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 2700+ 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.  A rare opportunity to acquire a truly private Northwoods year-round retreat on one of Ely’s most sought-after lakes. Properties of this size and shoreline seldom come available.

## Location

- **Address:** 1852 Grant McMahan Boulevard, Ely, MN 55731
- **County:** St. Louis
- **Neighborhood:** Morse Town Of
- **Coordinates:** 47.920027, -91.882151
- **Google Maps:** https://www.google.com/maps?q=47.920027,-91.882151

## Listing Agent

- **Name:** Abby Andrusko
- **Brokerage:** Engel & Völkers Minneapolis Lake Minnetonka
- **Email:** MinneapolisLakeMinnetonka@engelvoelkers.com

## Primary Photo

![1852 Grant McMahan Boulevard - Primary Photo](http://lh.rdcpix.com/6bf55f1bc0d9fe7d36b1aca92c8119d5l-f4076805739r.jpg)

*51 total photos available on [listing page](https://www.propertysimple.com/listing/1852-grant-mcmahan-boulevard-ely-mn-55731-7039929)*

---

**MLS#:** 7039929 | **Updated:** 2026-04-23
**Source:** listhub

*Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1852-grant-mcmahan-boulevard-ely-mn-55731-7039929)

---

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