2445 Reed Rd Ely, MN 55731

$1,095,000
Active
estimated monthly payment
4 Beds  |  3 Baths  |  4,872 Sq Ft  |   |  MLS # 6124998
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About The Listing

Burntside Lake Retreat – 5.5 Acres with Sandy Shoreline in Highly Sought-After Ely, MN Location! Welcome to a truly rare opportunity on the legendary Burntside Lake, known for its crystal-clear waters, dramatic scenery, and exceptional recreational quality. This year-round Northwoods retreat is set on 5.5 acres with towering pines, privacy, and one of the most desirable sandy, west-facing shorelines on the lake—perfect for swimming, sunbathing, and unforgettable sunsets. The expansive 4,872 sq ft home is as unique as the setting itself, offering three separate yet connected living areas under one roof. Each section includes its own kitchen, bathroom, and living room, allowing for flexible living arrangements—ideal for hosting family, friends, or multi-generational use. These spaces can be opened up for large gatherings or closed off for added privacy. In total, the home features 4 bedrooms, 3 bathrooms, 3 full kitchens and lots of additional space. Tucked just off the main home is a charming 16’ x 24’ dry guest cabin, surrounded by woods and perfect for additional guests, creative space, or quiet retreat. Located on one of the most coveted stretches of Burntside Lake, this property offers the best of lake life in a peaceful and community-focused environment. Burntside is one of Minnesota’s most sought-after lakes—celebrated for its clean waters, stunning shoreline, and proximity to the Boundary Waters Canoe Area Wilderness and Ely’s vibrant community. This is more than a home—it’s a legacy property in a premier location.


Listing courtesy of Lori Schulze, Keller Williams Classic Realty NW - Ely
Purchase Price
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Interest Rate
Estimated Property Taxes
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Property Details

Features

 
 
 
Property Type: SF/Detached
Status: Active
Year Built: 1996
MLS #: 6124998
Bedrooms: 4
Square Feet: 4,872
Bathrooms (Full): 0
Price Per Square Foot: $225
Bathrooms (Half) : 0
Bathrooms (Three Quarters) : 3
Garage Spaces: 1
Parking Description: Detached
Sewer Description: Private
Water: Drilled
Heat Type: Baseboard,Dual Fuel/Off Peak,Fireplace,Radiant,Wood,Electric
Basement: Egress Windows,Finished,Partially Finished,Walkout,Bath,Bedrooms,Family/Rec Room,Kitchen
Construction Description: Frame/Wood
Roof Description: Asphalt Shingles
Days On Market (Continuous): 10
Latest Update: 05/15/2026
List Date: 05/04/2026
Listing Agent ID: 7637
Listing Office: Keller Williams Classic Realty NW - Ely
Listing Office ID: 31741
Data Source: LSAR - Lake Superior Area REALTORS
Fireplace Features: Wood Burning
Exterior Features: Deck,Dock
Lot Dimensions: Irregular
Lot Size: 5.5 Acres
Lot Features: Irregular Lot,Tree Coverage - Heavy,High,BWCA Area
View Description: Inland Lake
Waterfront: Inland Lake
School District: Ely
Tax Year: 2026
Estimated Taxes: $9,285
City: Ely
Zip: 55731
Area: LSAR
County: St. Louis County
State: MN

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Listing last updated: 05/15/26

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