2928 Waters Is

Ely, MN 55731

$2,450,000
Price
6
Beds
2,146 Sq. Ft.
$1,142 / Sq. Ft.
2,146
Sq. Ft.
$1,142
per Sq. Ft.

Description

There is no other property on iconic Burntside Lake like this one! Welcome to Aurora Waters, a one of a kind, landmark home on a spectacular island! This is a magical property: 5 hand crafted cabins and 4 exotic Yurts spread through an enchanted, open forest of 20.9 acres with 2,140 feet of sunny, southern facing shoreline. Towering Norway pines and high granite bluffs offer shimmering island studded views across the vast, main body of the lake to the legendary Boundary Waters Wilderness, world famous...There is no other property on iconic Burntside Lake like this one! Welcome to Aurora Waters, a one of a kind, landmark home on a spectacular island! This is a magical property: 5 hand crafted cabins and 4 exotic Yurts spread through an enchanted, open forest of 20.9 acres with 2,140 feet of sunny, southern facing shoreline. Towering Norway pines and high granite bluffs offer shimmering island studded views across the vast, main body of the lake to the legendary Boundary Waters Wilderness, world famous for canoe trips. Catch giant lake trout in the 120’ clear, spring fed depths in front of your dock, and sauna and swim under the shimmer of the Northern Lights. Bald eagles and deer abound. Loons call in the still twilight, and the stars are bright and close. Waters Island is the largest, most central island on Burntside and Aurora’s neighboring forest is held in a Land Trust. It’s the ultimate in seclusion and privacy, yet easily accessible via a nearby dock (included). There is a flat, spacious parking area with a level, hundred yard driveway to the Eastern Van Vac Road. Just seven paved miles to the charming frontier town of Ely with its cafes, restaurants, canoe outfitters and shopping. 40 minutes to the Hibbing Airport. Something like this will never come up for sale on Burntside again. Invest in a legacy property and a rare sanctuary in these turbulent times. Visit soon!
  1. Listed by Lisa Janisch • Janisch Realty Inc.
    P: (218)-780-6644 lisa@janischrealty.com

Property Details for 2928 Waters Island

Architectural Style
Ranch
View
Inland Lake, Panoramic
Waterfront Features
Inland Lake
Waterfront YN
Yes
LISTING UPDATED: 09/06/2025 08:03 PM

Property Details for 2928 Waters Island

StatusActive
MLS #6114501
Days on Compass20884
Taxes$9,972 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Detached
Year Built1997
Lot Size20.90 AC / 910,403 SF
CountySt. Louis County

Location

Listing Courtesy of Janisch Realty Inc.
Add your commute

Building Information for 2928 Waters Island

Stories1Year Built1997Building Size-Lot Size20.90 AC / 910,403 SF

Payment Calculator

$12,937 per month

30 year fixed, 6.28% Interest

Principal and Interest

$12,106

Property Taxes

$831

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2928 Waters Island

Summary
Location and General Information
  • Directions: By boat, NW from Van Vac Public Landing, Mainland property is road accessible.
  • Latitude: 48
  • Longitude: -92
  • DNR Lake Id Number: 69011800
  • Range: 13
  • Road Between Waterfront And Home: No
  • Shoreline Characteristics: Rocky
  • Waterfront Access: Private
  • Waterfrontage Feet: 2140
  • MLSArea Major: LSAR
Parking
  • Garage Spaces: 0.0
  • Garage Type: None
  • Parking Features: Gravel
School Information
  • High School District: Ely #696
Taxes and HOA
  • Association YN: No
  • Taxes With Assessments: 9972
  • Twp Number: 63
  • Parcel Number: 465-0040-03236, 03238
  • Tax Annual Amount: $9,972.00
  • Tax Legal Description: Parcel ID's 465-0040-03236, 03238. Legal to govern
  • Tax Year: 2025
Property
Lot Information
  • Above Grade Finished Area: 2146.0
  • Below Grade Finished Area: 0.0
  • Living Area: 2146.0
  • Lot Features: Irregular Lot, Many Trees
  • Lot Size Acres: 20.9
  • Lot Size Dimensions: 1420x1070
  • Basement Square Feet: ***
  • Construction Type: Frame/Wood
  • Foundation Dimensions: 2146
  • Other Structures: Gazebo, Sauna, Storage Shed, Bunkhouse
Property and Assessments
  • Development Status: Previously Owned
  • Assessment Balance: 25
  • Land Access: ***
  • Possession: Close Escrow
  • Property Sub Type: Single Family Detached
  • Property Type: Residential
  • Public Survey Section: 21
  • Year Built: 1997
Utilities
  • Sewer: Private Sewer
  • Water Body Name: Burntside
  • Water Source: Private
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood
  • Exterior Features: Deck, Dock, Gutters & Downspouts
  • Foundation Details: Rock
  • Roof: Asphalt Shingle
  • Stories Total: 1
Interior Features
  • Appliances: Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer
  • Basement: Crawl Space
  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 1
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 6
  • Cooling: Central Air
  • Fireplace Features: Wood Burning
  • Fireplaces Total: 1
  • Fireplace YN: Yes
  • Heating: Baseboard, Wood, Electric
  • Interior Features: Ceiling Fan(s), Hardwood Floors, Natural Woodwork, Tiled Floors
  • Basement Features: N/A
  • Bath Description: Full Master,1/2 Main Floor,3/4 Main Floor,Private Master,Separate Tub & Shower
  • Dining Room Type: Combine with Kitchen,Eat-In Kitchen,Informal Dining Room
  • Main Floor Bedroom: 1
  • Mechanicals: Water Heater-Electric
Room Information
Room 1
  • RoomLength: 25.0
  • RoomLevel: Main
  • RoomType: Living Room
  • RoomWidth: 23.0
Room 2
  • RoomLength: 10.0
  • RoomLevel: Main
  • RoomType: Dining Room
  • RoomWidth: 8.0
Room 3
  • RoomLength: 12.0
  • RoomLevel: Main
  • RoomType: Kitchen
  • RoomWidth: 7.0
Room 4
  • RoomLength: 16.0
  • RoomLevel: Main
  • RoomType: Bedroom
  • RoomWidth: 12.0
Room 5
  • RoomLength: 12.0
  • RoomLevel: Main
  • RoomType: Bedroom
  • RoomWidth: 12.0
Room 6
  • RoomLength: 20.0
  • RoomLevel: Main
  • RoomType: Bedroom
Room 7
  • RoomLength: 16.0
  • RoomLevel: Main
  • RoomType: Bedroom
Room 8
  • RoomLength: 12.0
  • RoomLevel: Main
  • RoomType: Bedroom
Room 9
  • RoomLength: 24.0
  • RoomLevel: Main
  • RoomType: Family Room
Agent
Agent Information
  • Listing Agent Primary Office: ***
Sale and Listing
  • Auction: No
  • Auction End Date: ***
  • LVTDate: 2024-06-25
  • Management Company: ***
  • Management Company Phone Email: ***
  • Power Company: Lake Country Power
  • Transaction Type: For Sale
Rental
Rent Information
  • Leased Land: Owned
  • Lender Owned: No
  • Occupant Type: Owner

Property History for 2928 Waters Island

DateEvent & SourcePriceAppreciation
Jun 23, 2024

Listed (Active)

Lake Superior Area REALTORS #6114501

$2,450,000—
DateEvent & SourcePrice
06/23/2024

Listed (Active)

Lake Superior Area REALTORS #6114501

$2,450,000

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

Public Records for 2928 Waters Island

Taxable ValueLand$741,500Additions$235,800Total$977,300
Tax Record2025$9,252 ($771 / month)
Home Facts
Beds2Total Finished SqFt903 SqFtAbove Grade Finished SqFt903 SqFtStories1Lot Size679,536 SqFtStyleMiscellaneous ResidentialCountyST. LOUISAPN465-0040-03236

Schools near 2928 Waters Island

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 2928 Waters Island, Ely, MN 55731

2928 Waters Island is a single family home for sale in Ely, MN 55731. This property was listed for sale on June 23, 2024 by Janisch Realty Inc., it's currently listed at $2,450,000. This listing's school district is Ely Public School District. Nearby schools include Washington Elementary School, Memorial Middle School and Memorial Secondary. 2928 Waters Island is a 6-bed, 4-bath, 2,146 sqft single family home built in 1997.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Janisch Realty Inc.

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 09/06/2025 08:03 PM