$975,000
1852 Grant McMahan Boulevard Ely, MN 55731 - Shagawa Lake
For Sale MLS# 7039929
3 beds 2 baths 2,460 sq ft Single Family
Details for 1852 Grant McMahan Boulevard
MLS# 7039929
Description for 1852 Grant McMahan Boulevard, Ely, MN, 55731 - Shagawa Lake
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.
Listing Information
Property Type: Residential, Single Family
Status: Active
Bedrooms: 3
Bathrooms: 2
Lot Size: 27.50 Acres
Square Feet: 2,460 sq ft
Year Built: 1976
Foundation: 620 sq ft
Garage: Yes
Stories: 2 Stories
Subdivision: Morse Town Of
County: St. Louis
Construction Status: Previously Owned
School Information
District: 696 - Ely
Room Information
Main Floor
Bathroom: 16x8
Dining Room: 13x12
Kitchen: 15x13
Laundry: 12x9
Living Room: 19x13
Upper Floor
Bathroom: 8x6
Bedroom 1: 14x10
Bedroom 2: 17x15
Bedroom 3: 11x11
Lower Floor
Great Room: 29x25
Utility Room: 29x14
Bathrooms
Full Baths: 1
3/4 Baths: 1
Additonal Room Information
Dining: Breakfast Bar,Separate/Formal Dining Room
Laundry: Laundry Room, Electric Dryer Hookup, Main Level, Sink
Bath Description: Jetted Tub,Main Floor 3/4 Bath,Upper Level Full Bath
Interior Features
Square Footage above: 1,840 sq ft
Square Footage below: 620 sq ft
Appliances: Water Filtration System, Fuel Tank - Owned, Fuel Tank - Rented, Washer, Water Softener - Owned, Range, Refrigerator, Dishwasher, Dryer, Exhaust Fan/Hood, Freezer, Microwave, Stainless Steel Appliances, Energy Star Appliances
Basement: Concrete Block, Finished (Livable), Drainage System, Storage Space, Daylight/Lookout Windows, Walkout, Sump Pump, Partial Finished
Fireplaces: 2, Living Room, Free Standing, Gas Burning, Insert, Circulating Blower
Additional Interior Features: Ceiling Fan(s), Kitchen Window, Hardwood Floors, Natural Woodwork, Main Floor Laundry, 3 BR on One Level, Skylight, Kitchen Center Island, Washer/Dryer Hookup, Vaulted Ceiling(s)
Utilities
Water: Private, Well, Drilled
Sewer: Mound
Cooling: Ductless Mini-Split
Heating: Baseboard, Boiler, Fireplace, Hot Water, Oil, Radiator, Propane
Exterior / Lot Features
Garage Spaces: 3
Parking Description: Detached Garage, Garage Door Opener, Driveway - Asphalt, Driveway - Gravel, Garage Sq Ft - 1440.
Exterior: Steel Siding
Roof: Metal, Age Over 8 Years
Lot View: City Lights,East,Lake,Panoramic,South,West
Lot Dimensions: irregular
Zoning: Residential-Single Family,Shoreline
Additional Exterior/Lot Features: City View, Balcony, Deck, Accessible Shoreline, Tree Coverage - Heavy, Road Frontage - Private
Out Buildings: Shed - Storage, Garage(s), Kennel/Dog Run
Waterfront Details
Standard Water Body: Shagawa Lake
DNR Lake ID: 69006900
Water Front Features: Lake Front, Lake View
Water Frontage Length: 2,800 Ft.
Lake Acres: 2,345
Lake Depth: 48 Ft.
Lake Bottom: Gravel,Rocky,Sand,Undeveloped
Driving 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.
Financial Considerations
Other Annual Tax: $85
Tax/Property ID: 465002002962
Tax Amount: 10975
Tax Year: 2026
HomeStead Description: Homesteaded
A broker reciprocity listing courtesy: Engel & Volkers Lake Minnetonka
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information 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. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1852 Grant McMahan Boulevard
Sales History
| Date | Price | |
|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
|---|---|---|
| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1852 Grant McMahan Boulevard
| Schools in attendance boundaries | Grades | Distance | Rating |
|---|---|---|---|
| Loading... | |||
| Schools nearby | Grades | Distance | Rating |
|---|---|---|---|
| Loading... | |||
Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
Coming soon properties will soon be on the market, but are not yet available for showings.