1852 Grant McMahan Boulevard

Ely, MN 55731

Beds

3

Baths

2

Square Ft.

2,460

Active

Residential

$1,150,000

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… Read More 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. Read Less

Listing courtesy of Engel & Volkers Lake Minnetonka.

Listing Snapshot

Days Online

222

Last Updated

Aug 27, 2025

Property Type

Single Family Residence

Beds

3

Full Baths

2

Square Ft.

2,460

Lot Size

27.5 Acres

Year Built

1976

MLS Number

NST6639470

Source Home Junction

Additional Details

Amenities

Amenities Unit: Balcony, Ceiling Fan(s), City View, Deck, Hardwood Floors, Kitchen Center Island, Kitchen Window, Natural Woodwork, Skylight, Vaulted Ceiling(s), Washer/Dryer Hookup

Appliances & Equipment

Description: "Dishwasher", "Dryer", "ENERGY STAR Qualified Appliances", "Exhaust Fan", "Freezer", "Fuel Tank - Owned", "Fuel Tank - Rented", "Water Filtration System", "Microwave", "Range", "Refrigerator", "Stainless Steel Appliances", "Washer", "Water Softener Owned"

Basement

Description: "Block", "Daylight/Lookout Windows", "Drainage System", "Finished", "Partially Finished", "Storage Space", "Sump Pump", "Walkout"

Building

Finished Area Above Grade: 1840, Area: 2460, Building Area: 2460, Construction Materials: "Steel Siding", Levels: "Two", Year Built: 1976, Manufactured Home: No

Cooling

Details: "Ductless Mini-Split"

Dining Room

Description: Breakfast Bar, Separate/Formal Dining Room

Fireplaces

Total Fireplaces: 2

Garage

Spaces: 3, Garage Square Feet: 1440

Heating

Heating: "Baseboard", "Boiler", "Fireplace(s)", "Hot Water", "Radiator(s)"

Home Owner's Association

Fee: 0

Property

Lake Acres: 2344, Lake Bottom: Gravel, Rocky, Sand, Undeveloped, Lake Chain: N, Lake Depth: 48, Present Use: Yearly, Waterfront Feet: 2800, Waterfront Num.: 69006900

Roof

Description: "Age Over 8 Years", "Metal"

Sewer

Sewer: "Mound Septic"

Utilities

Water Source: "Drilled", "Private", "Well", Fuel: Oil, Propane, Power Company Name: Lake Country Power

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

$0

Source Home Junction

Washington Elementary School 218-365-6166 Public PK-5

Memorial Middle School 218-365-6166 Public 6-8

Memorial High School 218-365-6166 Public 9-12

Similar Listings

4 Beds 2 Baths 3,740 Sqft

$1,585,000

X Waters Island

Morse Twp, MN

4 Beds 3 Baths 2,146 Sqft

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 deemed reliable but not guaranteed. 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 Coldwell Banker Realty - White Bear Lake are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers. This data is updated ten (10) times daily. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
This data is up-to-date as of Aug 27, 2025. For the most current information, contact Coldwell Banker Realty - White Bear Lake, 612-258-3770, [email protected]

1852 Grant McMahan Boulevard

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send

Sitemap

Get in touch