1984 Grant McMahan Boulevard, Ely, MN 55731

$614,000
3
BD
1
BA
912
SqFt

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Sold Price
$614,000
List Price
$589,000
Status
CLOSED
Days on Market
58
Closing Date
Aug 29, 2025
MLS#
6748987
Subtype
Residential
Year Built
1963
Bedrooms
3
Bathrooms
1
Full Baths
1
Living Area
912
Acres
5
Subdivision
Morse Town Of

Property Description

Welcome to 1984 Grant McMahan Ely, MN. This is a 3 bedroom, 1 bath cabin located on highly desirable Shagawa Lake. Stepping onto this property feels like arriving at your own Boundary Waters campsite. The cabin sits on 5 private acres, with 700 ft of shoreline giving this Ely gem the perfect blend of nature and lake home living. As you stroll through the land, it is easy to notice how unique the property is. The lot is relatively open and flat with a slight slope to the water's edge. As you move East along the shore you will be able to hike a man made trail that takes you through the property’s woods and elevations where you can rest at a vista point to look out over Shagawa. Inside the cabin, you’ll find an updated 3 bed, 1 bath home with charm and craftsmanship throughout. The custom kitchen cabinets, warm finishes, and approachable layout make it both cozy and functional. The crown jewel is the oversized deck. It is ideal for outdoor dining, relaxing in the sun, or soaking in the sounds of the surrounding wilderness. Two bonus structures on the land need a little TLC but add value to this property. One is a guest house perfect for an extra bunk room or home office, and a sauna just inches from the shoreline. Finally, an oversized 2 stall garage provides ample room for all your outdoor gear, boats, and toys. Whether you're looking for a peaceful retreat or a basecamp for adventures, this cabin is a beauty that has it all. Don’t miss this opportunity to own a legacy property just minutes from downtown Ely.

Additional Information

Taxes
$3,954
Zoning
Residential-Single Family
Appliances
Electric Water Heater, Range, Refrigerator
Heating
Forced Air
Stories
One
Levels
One
Roof
Metal
Parking
Detached Garage, Gravel, Open
Garage Spaces
2
School District
Ely
View
Lake, South

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Listing courtesy of Side by Side Realty LLC.

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