
Morse Town Of
Pick a date to request a showing
Cancel anytime, free.
About this home
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 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.
Contact us
Home facts
Facts & features
Interior
- Bedrooms
- 3
- Bathrooms
- 2
- Bath breakdown
- 1 full / 1 3/4
- Heating
- Baseboard, Boiler, Fireplace(s), Hot Water, Radiator(s)
- Cooling
- Ductless Mini-Split
- Appliances
- 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
Property
- Levels / stories
- Two
- Garage
- 3 spaces · 1,440 sqft
- Parking features
- Detached, Gravel, Asphalt, Garage Door Opener
- Other structures
- Additional Garage, Dog Kennel, Storage Shed
- View
- City Lights, East, Lake, Panoramic, South, West
- Waterfront
- Shagawa · Lake Front, Lake View
Construction
- Property type
- Residential
- Property subtype
- Single Family Residence
- Construction materials
- Steel Siding
- Foundation
- 620 sqft
- Roof
- Age Over 8 Years, Metal
- Year built
- 1976
Utilities
- Water
- Drilled, Private, Well
- Sewer
- Mound Septic
- Electric
- Circuit Breakers, 150 Amp Service
Community & HOA
- Subdivision
- Morse Town Of
- HOA
- No HOA
- School district
- Ely
Financial & listing details
- Annual tax
- $9,637 (2024)
- Tax with assessments
- 9722.0000
- Listed
- Jan 17, 2025
- Days on market
- 619
Interior details
Exterior & lot
Utilities
Parking & garage
Financial details
Schools
How SODL buyer credits work
When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.
- Tour homes with SODL’s flexible showing network
- Submit offers and manage your transaction through the platform
- Keep more money at closing through transparent flat-fee pricing
A clear, modern way to buy with expert guidance and meaningful savings.
Estimated monthly payment
These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.
Location
1852 Grant McMahan Boulevard, Ely, MN, 55731
Comparable homes
Est. $35,250 credit3 Bedrooms3 Bathrooms
1499 E Miners Drive
$1,275,000Ely, MN
Est. $26,250 credit3 Bedrooms2 Bathrooms
1852 Grant McMahan Boulevard
$975,000Ely, MN
Est. $19,455 credit4 Bedrooms4 Bathrooms
1883 Lindbeck Road
$748,500Ely, MN
Est. $18,300 credit3 Bedrooms3 Bathrooms
1756 Grant Mcmahan Boulevard
$710,000Ely, MN
Listing information
Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.
