TBD Waters Island, Ely, MN 55731
Property image
Property image
FOR SALE
5.3 ACRES

$945,000

    TBD Waters Island, Ely, MN 55731

    Est. Mortgage $6,034/mo*
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    Home Highlights

    Lot/Land
    5.3 acre lot

    Local Information

    • Map ViewExplore the area around TBD Waters Island.
    • Schools1 Preschool School1 Elementary School1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    About this House

    Spectacular Burntside Lake 5-Acre Parcel on the sunny South Shore of Waters Island – Burntside Lake’s largest and most central Island. This is a once-in-a-lifetime opportunity to own a truly remarkable property on what many consider Minnesota’s most beautiful and iconic lake. This pristine and totally private setting offers sunny, south and west facing exposure with breathtaking views across the central part of the lake to the Boundary Waters Wilderness. To the east, enjoy its secluded bay, great for swimming, and sheltered for boats.There are several easily accessible choices for level building sites tucked among majestic Norway pines, as well as a towering granite bluff with unparalleled panoramic views. Includes are for mainland dock a half mile away with a spacious parking area and a short, level driveway to the Eastern Van Vac Road. Seven scenic, paved miles to the charming town of Ely, with its cafes, galleries and frontier spirit. 40 minutes to the Hibbing Airport.
    Last check for updates: about 15 hours ago
    Listing courtesy of Lisa Janisch, (218) 780-6644
    Janisch Realty Inc.
    Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6119526
    Also Listed on NorthstarMLS as distributed by MLS GRID, NorthstarMLS as distributed by MLS GRID, Lake Superior Area Realtors as distributed by MLS GRID, Range AOR, Range AOR.

    Home Details for TBD Waters Island

    Interior Features

    View
    No View

    Exterior Features

    Frontage
    WaterfrontWaterfront: Inland Lake, Waterfront Access(Private)On Waterfront
    Water & Sewer
    Water Body: Burntside
    Farm & Range
    Frontage Length: 740

    Days on Market

    Cumulative Days on Market: 419Days on Market: 180+

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Property Information
    Parcel Number: 465004003238

    Price & Status

    Price
    List Price: $945,000

    Active Status

    MLS Status: ACTIVE

    Location

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

    Agent Information

    Listing Agent
    Listing ID: 6119526

    HOA

    No HOA

    Lot Information

    Lot Area: 5.3 Acres

    Miscellaneous

    Mls Number: 6119526Attribution Contact: ***

    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.
    • 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
      Flag
    • 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."
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    Market trends in Ely

    Last updated August 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    —
    Sale-to-List Price
    —
    Price per sq ft
    —
    Available listings
    103
    5    MoM

    Home Value

    Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

    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
    TBD Burntside Lake Island, Ely, MN
    1.29
    Lot/Land
    $175,000
    06/18/26
    -
    -
    XXX Burntside Lake Island, Ely, MN
    3.00
    Lot/Land
    $275,000
    10/09/25
    -
    -
    XXX Burntside Lake Island, Ely, MN
    3.00
    Lot/Land
    $250,000
    10/09/25
    -
    -
    TBD Highway 169, Ely, MN
    3.22
    Lot/Land
    $34,000
    12/15/25
    -
    -
    XXX Highway 169, Ely, MN
    4.24
    Lot/Land
    $75,000
    01/09/26
    -
    -
    TBD Moose Junction Tr, Ely, MN
    4.58
    Lot/Land
    $51,000
    12/15/25
    -
    -
    TBD Moose Creek Tr, Ely, MN
    5.69
    Lot/Land
    $100,000
    04/01/26
    -
    -
    3732 Hwy 169, Ely, MN
    6.39
    Lot/Land
    $290,000
    12/05/25
    -
    -

    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
    X Waters Island, Ely, MN 55731
    0.14
    $1,585,000
    6
    3.5
    2,146
    For Sale
    2928 Waters Island, Ely, MN 55731
    0.17
    $2,450,000
    6
    3.5
    2,146
    For Sale
    2969 Van Vac Rd, Ely, MN 55731
    0.55
    -
    -
    -
    -
    Off Market
    2823 Moroni Point Rd, Ely, MN 55731
    0.65
    $757,900
    2
    0.5
    1,175
    Off Market
    - BURNTSIDE LAKE, Ely, MN 55731
    0.73
    -
    -
    -
    -
    Off Market
    2763 Van Vac Rd, Ely, MN 55731
    0.98
    $1,490,000
    3
    1
    1,122
    For Sale
    2921 Lost Girl Is, Ely, MN 55731
    1.29
    $282,200
    1
    -
    500
    Off Market
    TBD Burntside Lake Island, Ely, MN 55731
    1.29
    $175,000
    -
    -
    -
    Recently Sold
    2657 Van Vac Rd, Ely, MN 55731
    1.51
    $469,500
    2
    2
    1,600
    Off Market
    2538 Martilla Rd, Ely, MN 55731
    1.52
    $779,000
    2
    1
    900
    For Sale

    Price and Tax history

    DateEventPrice
    May 21, 2025
    Source: Range AOR #148382
    		Listed For Sale
    $945,000
    Oct 17, 2012
    Source: Agent Provided
    		ListingRemoved
    $600,000
    Oct 11, 2012
    Source: Agent Provided
    		Listed For Sale
    $600,000

    LGBTQ Local Legal Protections

    Lisa Janisch, Janisch Realty Inc.
    Agent Phone: (218) 780-6644
    Based on information submitted to the MLS GRID as of 2026-09-21 07:57:09 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 TBD Waters Island

    • How big is TBD Waters Island?
      TBD Waters Island in Ely, MN is about 5.3 acres.
    • What is the price per acre for TBD Waters Island?
      TBD Waters Island in Ely, MN is listed at $945,000, or about $180K per acre.
    • 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 TBD Waters Island?
      The closest schools to TBD Waters Island in Ely, MN are Memorial Middle School (rated 7/10), Memorial Secondary (High, rated 9/10), Washington Elementary School (Pre-K, rated 6/10).
    TBD Waters Island, Ely, MN 55731 is a lot/land. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on May 23, 2025. The MLS # for this home is MLS# 6119526.