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USAMNEly1852 Grant Mcmahan Blvd
This lakeside retreat boasts a 3 bedroom, 2 bathroom south-facing home which is perfectly placed on 27.5 acres on Shagawa Lake (estimated boundary lines) | Image 1
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1852 Grant Mcmahan Blvd, Ely, MN

Real Estate

Sold

Listed price in listed location currency (USD).
$880,000
$975,000

323

MLS® 7039929

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Other
Levels Residential
Size 2460 sqft
Garage Yes
Maintenance Fees 
Taxes $10,975
Approx. Age 1976
Avg. Price Per Sqft $396
MLS® Number 7039929

Property Address: 1852 Grant Mcmahan Blvd, Ely, MN, 55731-8118

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number7039929
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelElectric Dryer Hookup, Laundry Room, Main Level, Sink
Exposure
Exterior
GarageYes
Approx. Age1976
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Rooms

Change to metres

Other:Upper Level6 × 8 ft
Other:Upper Level10 × 14 ft
Great Room:Lower Level25 × 29 ft
Utility Room:Lower Level14 × 29 ft
Bedroom 2:Upper Level15 × 17 ft
Laundry:Main Floor9 × 12 ft
Kitchen:Main Floor13 × 15 ft
Dining Room:Main Floor12 × 13 ft
Bedroom 3:Upper Level11 × 11 ft
Living Room:Main Floor13 × 19 ft

Price History

Apr 15, 2026End Date
$880,000Sold Price

Sold

Mar 31, 2026List Date
$975,000List Price
  • Commute

Commute

Starting Address
Destination Address
1852 Grant Mcmahan Blvd, Ely, MN

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