2889 Waters

Ely, MN 55731

$1,490,000
Price
3
Beds
1,122 Sq. Ft.
$1,328 / Sq. Ft.
1,122
Sq. Ft.
$1,328
per Sq. Ft.
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New
New

Description

Own a private piece of paradise w/ over 10 acres on Waters Island with a staggering 2,000 feet of pristine shoreline on beautiful Burnside Lake and a rare offering of a separate 2+ acre mainland parcel with 210 feet of shoreline on Van Vac Road for convenient access and extra privacy provided by the massive, tow Pines. Originally a Trapper’s Cabin it's full of character and charm. Wrapped in rustic rough cedar siding, it sits perfectly on the island with breathtaking sunrise views greeting you each...Own a private piece of paradise w/ over 10 acres on Waters Island with a staggering 2,000 feet of pristine shoreline on beautiful Burnside Lake and a rare offering of a separate 2+ acre mainland parcel with 210 feet of shoreline on Van Vac Road for convenient access and extra privacy provided by the massive, tow Pines. Originally a Trapper’s Cabin it's full of character and charm. Wrapped in rustic rough cedar siding, it sits perfectly on the island with breathtaking sunrise views greeting you each day. Cozy window seats line the living room, inviting you to soak in sweeping lake vistas. Upstairs, the loft features built-in beds tucked into the eaves and two more bedrooms, sauna round out the main level. Open floor plan hosts the living room, dining and kitchen all overlooking Burntside. Spend time on the island’s wooded trails and picking fresh wild blueberries. Modern conveniences are already in place: power, internet, septic system, and a drilled well. Handy shed stores all your lakeside necessities. True legacy property that is being offered for the first time. Whether you're seeking a peaceful family retreat, a hunting and fishing basecamp, or a private island getaway, look no further. It's time to start living your dream today.
  1. Listed by Z'Up North Realty, Inc.

Property Details for 2889 Waters

Subdivision Name
Morse Town Of
Waterfront Features
Lake Front
Waterfront YN
Yes
Zoning Jurisdiction
Residential-Single Family
LISTING UPDATED: 07/07/2026 11:51 AM

Property Details for 2889 Waters

StatusActive
MLS #7105212
Days on Compass1
Taxes$13,030 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family
Year Built1978
Lot Size12.20 AC / 531,432 SF
CountySt. Louis County
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Location

Listing Courtesy of Z'Up North Realty, Inc.
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Building Information for 2889 Waters

Stories-Year Built1978Building Size-Lot Size12.20 AC / 531,432 SF

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$8,511 per month

30 year fixed, 6.36% Interest

Principal and Interest

$7,425

Property Taxes

$1,086

HOA Dues

$0

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Property Information for 2889 Waters

Summary
Location and General Information
  • City Name: Ely
  • County Or Parish: St. Louis
  • County: St. Louis-MN
  • Directions: Grant McMahan to Van Vac Rd to fire number. From there to Waters Island, go NW
  • Latitude: 47.92478
  • Longitude: -91.987867
  • Nbr of Acres: 7314
  • Lake Name: Recreational Development
  • PLAT: 126
  • Map Coordinate: 999-A1
  • City and Location: Ely
  • City and Location Text: Ely(MN)
  • Postal Code: 55731
  • State Or Province: MN
  • Public Survey Township: 63
  • Waterfront Property YN: No
  • Water Body Name: Burntside
  • Waterfront Footage: 69011800
  • Waterfront Frontage: 2265
Taxes and HOA Information
  • Additional Parcels Description: 465004003239,465004003235,465004003394,465004003504
  • Additional Parcels: Yes
  • Association Fee: $.00
  • Association: No
  • Parcel Number: 465004003392
  • Tax Annual Amount: $13,030.00
  • Tax Legal Description: THAT PART OF GOVT LOT 4, DESCRIBED AS FOLLOWS: COMMENCING AT THE MEANDER CORNER ON THE WEST SECTION LINE OF SAID SECTION ON THE SOUTH SHORELINE OF BURNTSIDE LAKE; THENCE N00DEG54'06"W, ASSIGNED BEARING, ALONG SAID WEST LINE, A DISTANCE OF 1712.57 FEET TO THE WITNESS CORNER TO MEANDER CORNER NO. 112, THE POINT OF BEGINNING; THENCE N01DEG47'25"W ALONG THE WEST LINE OF SAID GOVT LOT 4, A DISTANCE OF 495.45 FEET; THENCE N85DEG22'06"E, A DISTANCE OF 92.81 FEET TO THE SOUTHERLY LINE OF THE PLAT OF MAKWA ADDITION; THENCE S50DEG00'02"E ALONG SAID SOUTHERLY LINE, A DISTANCE OF 63.79 FEET TO THE SOUTHEAST CORNER OF SAID PLAT; THENCE N27DEG47'55"E ALONG THE EASTERLY LINE OF SAID PLAT, A DITANCE OF 29 FEET, MORE OR LESS, TO THE SHORE LINE OF
  • Tax Other Annual Assessment Amount: $6,638.00
  • Tax Year: 2026
  • Tax With Assessments: 13030
School Information
  • High School District: 696 - Ely
  • School District Number: 696
  • School District Phone: 2183656166
Property
Lot Information
  • Above Grade Fin SQFT: 1122.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 1122.0
  • Living Area Units: Square Feet
  • Lot Size Area: 12.2
  • Lot Size Dimensions: 1832x448x847x614
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Attached: No
  • Property Sub Type: Single Family
  • Property Type: Residential
  • SQFT Main Total: 1122
  • Building Area Total: 1122.0
  • Above Grade SqFt Total: 1122
  • Below Grade SqFt Total: 0
Utilities
  • Electric: 100 Amp Service
  • Sewer: Private Sewer
  • Water Source: Drilled
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Exterior Features: Wood
  • Foundation Area: 1122.0
  • Foundation Details: Slab
  • Fuel: Electric
  • Roof: Asphalt
Interior Features
  • Appliances: Range, Refrigerator
  • Basement Type: None
  • Bath Desc: Main Floor Full Bath
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total Count: 1
  • Bedrooms Total: 3
  • Fireplaces Total: 0
  • FireplaceYN: No
  • Cooling: None
  • Heating: Baseboard
  • Levels: One
  • Room List: Bathroom, Bedroom, Kitchen, Living Room, Loft, Bedroom 2, Sauna
  • Basement YN: No
Room Information
Room 1
  • Room Dimensions: 11.6 x 7
  • Room Level: Main
  • Room Type: Bathroom
Room 2
  • Room Dimensions: 12 x 8.4
  • Room Level: Main
  • Room Type: Bedroom
Room 3
  • Room Dimensions: 14 x 7.2
  • Room Level: Main
  • Room Type: Kitchen
Room 4
  • Room Dimensions: 11.7 x 21.2
  • Room Level: Main
  • Room Type: Living Room
Room 5
  • Room Dimensions: 6 x 23
  • Room Level: Upper
  • Room Type: Loft
Room 6
  • Room Dimensions: 11.6 x 9.2
  • Room Level: Main
  • Room Type: Bedroom 2
Room 7
  • Room Dimensions: 6 x 5.3
  • Room Level: Main
  • Room Type: Sauna

Property History for 2889 Waters

DateEvent & SourcePriceAppreciation
Jul 7, 2026

Price Change

NorthStar #7105212

$1,490,000—
Jul 7, 2026

Listed (Active)

NorthStar #7105212

—
DateEvent & SourcePrice
07/07/2026

Price Change

NorthStar #7105212

$1,490,000
07/07/2026

Listed (Active)

NorthStar #7105212

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 2889 Waters

This home is within Ely Public School District.
Rating
School
Type
Grades
Distance
Washington Elementary School
Public - PK to 5
Memorial Middle School
Public - 6 to 8
Memorial Secondary
Public - 9 to 12
Rating
School
Distance
Washington Elementary School
PublicPK to 5

Memorial Middle School
Public6 to 8

Memorial Secondary
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2889 Waters, Ely, MN 55731

2889 Waters is a single family home for sale in Ely, MN 55731. This property was listed for sale on July 7, 2026 by Z'Up North Realty, Inc., it's currently listed at $1,490,000. This listing's school district is Ely Public School District. Nearby schools include Washington Elementary School, Memorial Middle School and Memorial Secondary. 2889 Waters is a 3-bed, 1-bath, 1,122 sqft single family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Z'Up North Realty, Inc.

Based on information submitted to the MLS GRID as of 07/07/2026 11:51 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.