2889 Waters, Ely, MN 55731

New Listing
$1,490,000
Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 1,122 Lot Size (sq. ft.): 531,432 Status: Active
Current Price: $1,490,000 List Date: 7/07/2026 Last Modified: 7/07/2026

Overview

Description

Own a private piece of paradise w/ over 10 acres on Waters Island with a staggering 2,000 feet of pristine shoreline on beautiful Burnside Lake and a rare offering of a separate 2+ acre mainland parcel with 210 feet of shoreline on Van Vac Road for convenient access and extra privacy provided by the massive, tow Pines. Originally a Trapper’s Cabin it's full of character and charm. Wrapped in rustic rough cedar siding, it sits perfectly on the island with breathtaking sunrise views greeting you each day. Cozy window seats line the living room, inviting you to soak in sweeping lake vistas. Upstairs, the loft features built-in beds tucked into the eaves and two more bedrooms, sauna round out the main level. Open floor plan hosts the living room, dining and kitchen all overlooking Burntside. Spend time on the island’s wooded trails and picking fresh wild blueberries. Modern conveniences are already in place: power, internet, septic system, and a drilled well. Handy shed stores all your ...

Listing Details MLS# 7105212

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
Yes
New Development
No
Road Btwn WF & Home?
No
Waterfront Frontage
2265
Waterfront YN
Yes
Year Built
1978
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
Yes
Main Floor Total SqFt
1122
Above Grd Total SqFt
1122
Total SqFt
1122
Total Finished Sqft
1122.00
FireplaceYN
No
Lake/Waterfront Name
Burntside
Style
(SF) Single Family
Foundation Size
1122
Power Company
Lake Country Power
Lot Dimensions
1832x448x847x614
Acres
12.2
Assessment Pending
Yes
Number of Fireplaces
0
Bath Three Quarters
0
Bath Half
0
Bath Quarter
0
Below Grd Total SqFt
0
Garage Stalls
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: None Appliances: Range; Refrigerator Basement: None Bath Description: Main Floor Full Bath Construction Materials: Frame Construction Status: Previously Owned Electric: 100 Amp Service Exterior: Wood Foundation: Slab Fuel: Electric Heating: Baseboard Parking Characteristics: None Roof: Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: Private Sewer Special Search: All Living Facilities on One Level Stories: One Water: Drilled Waterfront Type: Lake Front

Contract Information

Contingency
None
Original List Price
1490000
ListPrice
1490000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2889
Street Name
Waters
Postal City
Ely
County
St. Louis
State
MN
Zip Code
55731
Complex/Dev/Subdivision
Morse Town Of

Additional Parcels Information

Property ID #2
465004003239
Property ID #3
465004003235,465004003394,465004003504

Assessments

Assessment Balance
6638
Tax With Assessments
13030

More Information

Basement

Foundation Dimensions
22x12,22x12,10x11,6x13
None
Yes

Building Information

Finished SqFt Above Ground
1122

Lake Details

Lake Acres
7313
Lake Depth
126

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
13
Section#
22
Township#
63

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
THAT PART OF GOVT LOT 4, DESCRIBED AS FOLLOWS: COMMENCING AT THE MEANDER CORNER ON THE WEST SECTION LINE OF SAID SECTION ON THE SOUTH SHORELINE OF BURNTSIDE LAKE; THENCE N00DEG54'06"W, ASSIGNED BEARING, ALONG SAID WEST LINE, A DISTANCE OF 1712.57 FEET TO THE WITNESS CORNER TO MEANDER CORNER NO. 112, THE POINT OF BEGINNING; THENCE N01DEG47'25"W ALONG THE WEST LINE OF SAID GOVT LOT 4, A DISTANCE OF 495.45 FEET; THENCE N85DEG22'06"E, A DISTANCE OF 92.81 FEET TO THE SOUTHERLY LINE OF THE PLAT OF MAKWA ADDITION; THENCE S50DEG00'02"E ALONG SAID SOUTHERLY LINE, A DISTANCE OF 63.79 FEET TO THE SOUTHEAST CORNER OF SAID PLAT; THENCE N27DEG47'55"E ALONG THE EASTERLY LINE OF SAID PLAT, A DITANCE OF 29 FEET, MORE OR LESS, TO THE SHORE LINE OF
Listing City
Ely
Map Page
999
Municipality
Morse Twp
School District
Ely
School District Phone
218-365-6166
DNR Lake ID#
69011800
DNR Lake Classification
Recreational Development
Zip Plus 4
2945
Property ID Number
465004003392
Tax Year
2026
Tax Amount
13030
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Own a private piece of paradise w/ over 10 acres on Waters Island with a staggering 2,000 feet of pristine shoreline on beautiful Burnside Lake and a rare offering of a separate 2+ acre mainland parcel with 210 feet of shoreline on Van Vac Road for convenient access and extra privacy provided by the massive, tow Pines. Originally a Trapper’s Cabin it's full of character and charm. Wrapped in rustic rough cedar siding, it sits perfectly on the island with breathtaking sunrise views greeting you each day. Cozy window seats line the living room, inviting you to soak in sweeping lake vistas. Upstairs, the loft features built-in beds tucked into the eaves and two more bedrooms, sauna round out the main level. Open floor plan hosts the living room, dining and kitchen all overlooking Burntside. Spend time on the island’s wooded trails and picking fresh wild blueberries. Modern conveniences are already in place: power, internet, septic system, and a drilled well. Handy shed stores all your lakeside necessities. True legacy property that is being offered for the first time. Whether you're seeking a peaceful family retreat, a hunting and fishing basecamp, or a private island getaway, look no further. It's time to start living your dream today.
Directions
Grant McMahan to Van Vac Rd to fire number. From there to Waters Island, go NW

Accessible

None
Yes

Air Conditioning

None
Yes

Appliances

Range
Yes
Refrigerator
Yes

Bath Description

Main Floor Full Bath
Yes

Construction Materials

Frame
Yes

Construction Status

Previously Owned
Yes

Electric

100 Amp Service
Yes

Exterior

Wood
Yes

Foundation

Slab
Yes

Fuel

Electric
Yes

Heating

Baseboard
Yes

Insurance Fee

Insurance Fee
0

Parking Characteristics

None
Yes

Roof

Asphalt Shingles
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Sewer

Private Sewer
Yes

Special Search

All Living Facilities on One Level
Yes

Stories

One
Yes

Water

Drilled
Yes

Waterfront Type

Lake Front
Yes

Room Information

Room Name Dimensions Level
Bathroom 11.6 x 7 Main
First (1st) Bedroom 12 x 8.4 Main
Kitchen 14 x 7.2 Main
Living Room 11.7 x 21.2 Main
Loft 6 x 23 Upper
Second (2nd) Bedroom 11.6 x 9.2 Main
IDX
Listing Office: Z'Up North Realty, Inc.
Last Updated: July - 07 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.