Listed at
$1,585,000
$739/sqft

Morse Town Of

X Waters Island, Ely, MN, 55731
4  Bedrooms4  Bathrooms2,146  Square Feet15.6  Acres
Days on market495
Year built1997
ParkingGravel
TypeResidential
Est. $44,550buyer credit when you buy with SODL
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About this home

There is no other property on iconic Burntside Lake like this one! Welcome to Aurora Waters, a one of a kind, landmark home on a spectacular island! This is a magical property: 5 hand crafted cabins and 4 exotic Yurts spread through an enchanted, open forest of 20.9 acres with 2,140 feet of sunny, southern facing shoreline. Towering Norway pines and high granite bluffs offer shimmering island studded views across the vast, main body of the lake to the legendary Boundary Waters Wilderness, world famous for canoe trips. Catch giant lake trout in the 120’ clear, spring fed depths in front of your dock, and sauna and swim under the shimmer of the Northern Lights. Bald eagles and deer abound. Loons call in the still twilight, and the stars are bright and close. Waters Island is the largest, most central island on Burntside and Aurora’s neighboring forest is held in a Land Trust. It’s the ultimate in seclusion and privacy, yet easily accessible via a nearby dock (included). There is a flat, spacious parking area with a level, hundred yard driveway to the Eastern Van Vac Road. Just seven paved miles to the charming frontier town of Ely with its cafes, restaurants, canoe outfitters and shopping. 40 minutes to the Hibbing Airport. Something like this will never come up for sale on Burntside again. Invest in a legacy property and a rare sanctuary in these turbulent times. Visit soon!

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Home facts

Property typeResidential
Property subtypeSingle Family
Year built1997
LevelsOne
Living area2,146 sqft
Above-grade finished2,146 sqft
Below-grade finished0 sqft
Lot size15.6 acres (1379x1400)
Days on market495
ListedMay 20, 2025
MLS #NST6726363
CountySt. Louis
SubdivisionMorse Town Of
Parcel #465004003236

Facts & features

Interior

Bedrooms
4
Bathrooms
4
Bath breakdown
2 full / 1 3/4 / 1 half
Heating
Fireplace(s)
Cooling
None
Appliances
Dishwasher, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator

Property

Levels / stories
One
Parking features
Gravel
Patio & porch
Deck
Exterior features
Wood
Other structures
Bunk House, Gazebo, Sauna, Storage Shed
View
East, Lake, North, Panoramic, South, West

Construction

Property type
Residential
Property subtype
Single Family
Construction materials
Frame
Foundation
Block · 2,146 sqft
Roof
Asphalt
Year built
1997

Utilities

Water
Lake Water
Sewer
Private Sewer
Fuel
Wood
Electric
200+ Amp Service

Community & HOA

Subdivision
Morse Town Of
HOA
No HOA
School district
696 - Ely
High school district
Ely

Financial & listing details

Annual tax
$9,252 (2026)
Listed
May 20, 2025
Days on market
495 · 2 cumulative
Manufactured home
Yes

Interior details

Total bathrooms4
Full baths2
3/4 baths1
Half baths1
1/4 baths0
BasementCrawl Space
HeatingFireplace(s)
CoolingNone
Fireplaces1
AppliancesDishwasher, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator
DiningInformal Dining Room, Living/Dining Room
AmenitiesCeiling Fan(s), Deck, Kitchen Window, Panoramic View
AccessibilityNone
Special featuresMain Floor Primary, Main Floor Bedroom

Exterior & lot

ExteriorWood
RoofAsphalt
FoundationBlock
Foundation area2,146 sqft
Patio/porchDeck
Lot featuresIrregular Lot, Tree Coverage - Heavy
Road frontageCounty Road
Road responsibilityPublic Maintained Road
ZoningResidential-Single Family

Utilities

Water sourceLake Water
SewerPrivate Sewer
FuelWood

Parking & garage

ParkingGravel
Garage spaces0

Financial details

Annual taxes$9,252
Tax year2026
Taxes w/ assessments9252
Assessment pendingYes
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District696 - Ely
District number696
District phone2183656166
High schoolEly
SODL flat fee brokerage
$44,550Estimated buyer credit
SODL platform fee $3,000Your buyer credit $44,550

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

$9,629/mo
Principal & interest$8,330
Property taxes$771
Home insurance (est.)$528
%
$317,000
0%50%
Credit score
Loan term

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

X Waters Island, Ely, MN, 55731

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Listing information

MLS #NST6726363
StatusActive
Last updatedAug 27, 2026, 10:33 AM
Originally listedMay 22, 2025, 8:32 PM
Listing officeJanisch Realty, Inc

Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.