2445 Reed Rd, Ely, MN 55731
FOR SALE
5.5 ACRES

2445 Reed Rd
Ely, MN 55731

  • 4 Beds
  • 3 Baths
  • 4,872 sqft (on 5.50 acres)

$1,095,000

Est. Mortgage $6,536/mo*
Get Pre-Qualified

$1,095,000

Est. Mortgage $6,536/mo*
Get Pre-Qualified
4 Beds
3 Baths
4,872 sqft
(on 5.50 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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.

Home Highlights

Parking
Garage
Outdoor
Deck
A/C
Heating only
HOA
None
Price/Sqft
$225
Listed
13 days ago

Home Details for 2445 Reed Rd

Interior Features

Interior Details
Basement: Partial,Egress Windows,Finished,Partially Finished,Walkout,Bath,Bedrooms,Family/Rec Room,KitchenNumber of Rooms: 12Types of Rooms: Bedroom, Bonus Room, Entry Hall, Great Room, Kitchen, Laundry, Living Room
Beds & Baths
Number of Bedrooms: 4Main Level Bedrooms: 1Number of Bathrooms: 3Number of Bathrooms (three quarters): 3
Dimensions and Layout
Living Area: 4872 Square FeetFoundation Area: 3248
Appliances & Utilities
Laundry: Main Level
Heating & Cooling
Heating: Baseboard,Dual Fuel/Off Peak,Fireplace(s),Radiant,Wood,ElectricHas HeatingHeating Fuel: Baseboard
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Wood BurningHas a Fireplace
Gas & Electric
Electric: Lake Country Power
Levels, Entrance, & Accessibility
Number of Stories: 1
View
Has a ViewView: Inland Lake

Exterior Features

Exterior Home Features
Roof: Asphalt ShinglePatio / Porch: DeckOther Structures: Greenhouse, Screenhouse, Storage Shed, Guest House, OtherExterior: DockFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1No CarportHas a GarageNo Attached GarageParking Spaces: 1Parking: Gravel,Detached
Frontage
WaterfrontWaterfront: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Sand, Shore-Accessible, Shore-Beach, Shore-Vegetation)Road Frontage: Private RoadResponsible for Road Maintenance: Association Maintained Road, Private Maintained RoadOn Waterfront
Water & Sewer
Sewer: Private SewerWater Body: Burntside
Farm & Range
Frontage Length: 215
Finished Area
Finished Area (above surface): 3248 Square FeetFinished Area (below surface): 1624 Square Feet

Days on Market

Days on Market: 13

Property Information

Year Built
Year Built: 1996
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Wood, Frame/Wood
Property Information
Parcel Number: 465004900040

Price & Status

Price
List Price: $1,095,000Price Per Sqft: $225
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: ACTIVE

Location

Direction & Address
City: Ely
School Information
High School District: Ely #696

Agent Information

Listing Agent
Listing ID: 6124998

HOA

No HOA

Lot Information

Lot Area: 5.5 Acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 6124998Water ViewWater View: LakeAttribution Contact: ***Above Grade Unfinished Area: 3248
Last check for updates: about 3 hours ago
Listing courtesy of Lori Schulze, (218) 343-1787
Keller Williams Classic Realty NW - Ely
Heather Franciskovich, (218) 235-3895
Keller Williams Classic Realty NW - Ely
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6124998
Also Listed on Lake Superior Area Realtors as distributed by MLS GRID.

Price History for 2445 Reed Rd

DatePriceEventSource
05/05/2026$1,095,000Listed For SaleLake Superior Area Realtors as distributed by MLS GRID #6124998
12/04/2025$1,095,000ListingRemovedLake Superior Area Realtors as distributed by MLS GRID #6119844
10/02/2025$1,095,000PriceChange
Lake Superior Area Realtors as distributed by MLS GRID #6119844
08/13/2025$1,195,000PriceChange
Lake Superior Area Realtors as distributed by MLS GRID #6119844
07/24/2025$1,245,000PriceChange
Lake Superior Area Realtors as distributed by MLS GRID #6119844
06/04/2025$1,295,000Listed For SaleLake Superior Area Realtors as distributed by MLS GRID #6119844

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Property Tax and Assessment

Year2024
Tax$7,650
Assessment$821,300
Home facts updated by county records

Comparable Sales for 2445 Reed Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2796 Clayton Rd, Ely, MN
0.72
Single-Family Home
$665,000
01/30/26
3
2
1,296
1918 Pine Tree Trl, Ely, MN
2.20
Single-Family Home
$1,078,500
01/13/26
4
3
4,300
2009 Pine Tree Trl, Ely, MN
1.68
Single-Family Home
$780,000
07/25/25
2
2
1,760
1984 Grant McMahan Blvd, Ely, MN
1.97
Single-Family Home
$614,000
08/29/25
3
1
912
1984 Grant McMahan Blvd #1984, Ely, MN
1.99
Single-Family Home
$614,000
08/29/25
3
1
912
1883 Lindbeck Rd, Ely, MN
2.42
Single-Family Home
$725,000
01/12/26
4
4
2,628
1995 Pine Tree Trl, Ely, MN
1.88
Single-Family Home
$489,400
10/03/25
2
1
911
2263 Longstorff Rd, Ely, MN
2.54
Single-Family Home
$510,000
10/06/25
3
2
1,581
1852 Grant McMahan Blvd, Ely, MN
2.56
Single-Family Home
$880,000
05/06/26
3
2
2,460

Assigned Schools

These are the assigned schools for 2445 Reed Rd.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Ely

At least 8 Trulia users voted on each feature.

  • 93 % Say there's wildlife

  • 90 % Say kids play outside

  • 89 % Say car is needed

  • 88 % Say parking is easy

  • 86 % Say it's quiet

  • 83 % Say yards are well-kept

  • 83 % Say it's dog friendly

  • 80 % Say there's holiday spirit

  • 78 % Say people would walk alone at night

  • 77 % Say it's walkable to restaurants

  • 75 % Say it's walkable to grocery stores

  • 75 % Say there are sidewalks

  • 73 % Say streets are well-lit

  • 72 % Say neighbors are friendly

  • 45 % Say there are community events

  • 36 % Say they plan to stay for at least 5 years

Sourced by Trulia users. Learn more about our methodology.
  • Mavericksells
    "Ely is surrounded by forests and it’s a lovely, peaceful place to reside. There are wonderful restaurants, shops, a great movie theater and a variety of outdoor activities to choose from year round. "
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  • Derek H.
    "Ely is located at the end of the road. No roads go to much further north due to the boundary waters canoe area which strictly prohibits dwellings or any man made structures. Ely can seem like a long way from anywhere at times and the community recognizes this and most willing are willing to help whoever and whenever the need may arise. We take care of our own and then some . "
    7
    Flag
  • Jennifer P.
    "Don't move here if you don't like being out in the woods. ppl on this town take care of each other. even if you're new. as long as you show you want to be part of Ely. "
    0
    Flag
  • Jennifer P.
    "as a new comer to ely try to get into activities around town, especially if you have younger children who are not school age. jobs are not always easy to find and though the cost of living is fairly low you do money can get tight quickly. ely is a nice town but it's hard on you too. more work for less. your kids are safe here but still know who you're talking to before hand."
    3
    Flag
  • Rvhall
    "There is no public transport in this neighborhood , but Arrowhead transport does run in town for a nominal fee and there are weekly trips to Virginia Mn."
    0
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  • Lora L.
    "We have cab service and in town bus service. It’s a 25 block walk from first place in town to last. Generally, the city park,police,fire,library dot,and shopping district are within 8 blocks from anywhere."
    0
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LGBTQ Local Legal Protections

Lori Schulze, Keller Williams Classic Realty NW - Ely
Agent Phone: (218) 343-1787
Based on information submitted to the MLS GRID as of 2026-05-19 10:57:27 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information
2445 Reed Rd, Ely, MN 55731 is a 4 bedroom, 3 bathroom, 4,872 sqft single-family home built in 1996. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on May 5, 2026. The MLS # for this home is MLS# 6124998.