2445 Reed Rd
Ely, MN 55731
4 Beds
3 Baths
4,872 sqft (on 5.50 acres)
4 Beds
3 Baths
4,872 sqft
(on 5.50 acres)
Home Highlights
Parking
Garage
Outdoor
Deck
Climate Control
Baseboard, Dual Fuel Off Peak, Fireplace S, Radiant, Wood, Electric Heating
Price/Sqft
$204
Listed
105 days ago
Local Information
- Map ViewExplore the area around 2445 Reed Rd.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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.
Last check for updates: about 10 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.
Home Details for 2445 Reed Rd
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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 |
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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 |
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Cumulative Days on Market: 80Days on Market: 105 |
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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 |
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Price List Price: $995,000Price Per Sqft: $204 |
Status Change & Dates Possession Timing: Close Of Escrow |
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MLS Status: ACTIVE |
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Direction & Address City: Ely |
School Information High School District: Ely #696 |
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Listing Agent Listing ID: 6124998 |
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No HOA |
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Lot Area: 5.5 Acres |
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Contingencies: Inspection (MN Only)Listing Terms: Cash, Conventional |
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BasementMls Number: 6124998Water ViewWater View: LakeAttribution Contact: ***Above Grade Unfinished Area: 3248 |
Around this home
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 there are sidewalks
73 % Say streets are well-lit
72 % Say neighbors are friendly
69 % Say it's walkable to grocery stores
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.
Market trends in Ely
Last updated July 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
98
2MoM
Home Value
Trulia Estimate
$943KSince last month
Increased$14K (+1.6%)Since last year
Decreased$172K (-15.4%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +35% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $943K |
| July 2026 | $929K |
| June 2026 | $940K |
| May 2026 | $1.05M |
| April 2026 | $1.03M |
| March 2026 | $1.04M |
| February 2026 | $1.03M |
| January 2026 | $1.03M |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.72 | Single-Family Home | $665,000 | 01/30/26 | 3 | 2 | 1,296 | |
2.20 | Single-Family Home | $1,078,500 | 01/13/26 | 4 | 3 | 4,300 | |
1.97 | Single-Family Home | $614,000 | 08/29/25 | 3 | 1 | 912 | |
1.99 | Single-Family Home | $614,000 | 08/29/25 | 3 | 1 | 912 | |
2.42 | Single-Family Home | $725,000 | 01/12/26 | 4 | 4 | 2,628 | |
1.88 | Single-Family Home | $489,400 | 10/03/25 | 2 | 1 | 911 | |
2.54 | Single-Family Home | $510,000 | 10/06/25 | 3 | 2 | 1,581 | |
2.56 | Single-Family Home | $880,000 | 05/06/26 | 3 | 2 | 2,460 | |
1.89 | Single-Family Home | $290,000 | 08/12/26 | 2 | - | 560 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.66 | $351,500 | 2 | 1 | 576 | Off Market | |
0.67 | $1,585,000 | 4 | 3 | 2,000 | Off Market | |
0.70 | - | - | - | - | Off Market | |
0.70 | - | - | - | - | Off Market | |
0.72 | $665,000 | 3 | 2 | 1,296 | Recently Sold | |
0.78 | $730,100 | 2 | - | 572 | Off Market | |
0.78 | - | - | - | - | Off Market | |
0.75 | $591,700 | 3 | 0.5 | 1,400 | Off Market | |
0.86 | $879,000 | 3 | 1 | 1,560 | For Sale | |
0.90 | $799,000 | 2 | 1 | 773 | For Sale | |
0.98 | - | - | - | - | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jun 6, 2026 Source: Lake Superior Area Realtors as distributed by MLS GRID #6124998 | PriceChange | $995,000 Price decreased by 9% |
May 5, 2026 Source: Lake Superior Area Realtors as distributed by MLS GRID #6124998 | Listed For Sale | $1,095,000 |
Dec 4, 2025 Source: Lake Superior Area Realtors as distributed by MLS GRID #6119844 | ListingRemoved | $1,095,000 |
Oct 2, 2025 Source: Lake Superior Area Realtors as distributed by MLS GRID #6119844 | PriceChange | $1,095,000 Price decreased by 8% |
Aug 13, 2025 Source: Lake Superior Area Realtors as distributed by MLS GRID #6119844 | PriceChange | $1,195,000 Price decreased by 4% |
Jul 24, 2025 Source: Lake Superior Area Realtors as distributed by MLS GRID #6119844 | PriceChange | $1,245,000 Price decreased by 4% |
Jun 4, 2025 Source: Lake Superior Area Realtors as distributed by MLS GRID #6119844 | Listed For Sale | $1,295,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2024 | $7,650 | $821,300 |
Home facts updated by county records
LGBTQ Local Legal Protections
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 2026-08-18 10:47:30 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
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Frequently asked questions about 2445 Reed Rd
- What is the estimated monthly payment for 2445 Reed Rd?Based on a $995,000 list price with 20% down at today's rates, the estimated monthly payment for 2445 Reed Rd in Ely, MN is approximately $6,179 (about $5,217 principal & interest, $887 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- What do residents say about Ely?Residents describe Ely, MN as easy to park in, quiet, and well-kept. Most residents say you need a car. See homes for sale in Ely, MN.
- What are the closest schools to 2445 Reed Rd?The closest schools to 2445 Reed Rd in Ely, MN are Memorial Middle School (rated 7/10), Memorial Secondary (High, rated 9/10), Washington Elementary School (Pre-K, rated 6/10).
- What is 2445 Reed Rd estimated to be worth?Trulia's estimated value for 2445 Reed Rd in Ely, MN is $943,000.
- Does 2445 Reed Rd have laundry facilities?Yes, 2445 Reed Rd in Ely, MN has laundry facilities.
- How big is the lot at 2445 Reed Rd?The lot at 2445 Reed Rd in Ely, MN is about 5.5 acres.
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.