2928 Waters Island

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

Burntside Private Island Retreat With Mainland Dock! Gorgeous Sunrise To Sunset Vistas Of Treasured Burntside Lake. Waters Island retreat offers 20.9 acres of towering pines & 2,140 ft south & west facing shoreline offering island studded views all the way across the main body of the lake, 5 cabins, 4 yurts, short boat ride across calm water to mainland dock w/flat access road, just 7 paved miles south of Ely, & 1 paved mile past the public landing. Burntside is a 126 ft deep, spring fed clear blue...Burntside Private Island Retreat With Mainland Dock! Gorgeous Sunrise To Sunset Vistas Of Treasured Burntside Lake. Waters Island retreat offers 20.9 acres of towering pines & 2,140 ft south & west facing shoreline offering island studded views all the way across the main body of the lake, 5 cabins, 4 yurts, short boat ride across calm water to mainland dock w/flat access road, just 7 paved miles south of Ely, & 1 paved mile past the public landing. Burntside is a 126 ft deep, spring fed clear blue water trout lake of 7314 acres & over 100 islands, stocked w/walleye & known for exceptional fishing & as the source of Ely’s drinking water. This is a rare property not often seen for sale on Burntside; a private island retreat with a mainland dock on the south shore of the main body of the lake!
  1. Listed by Janisch Realty, Inc

Property Details for 2928 Waters Island

Subdivision Name
Morse Town Of
View
East, Lake, North, Panoramic, South, West
Waterfront Features
Lake Front, Lake View
Waterfront YN
Yes
Zoning Jurisdiction
Other
LISTING UPDATED: 09/06/2025 09:18 PM

Property Details for 2928 Waters Island

StatusActive
MLS #6559212
Days on Compass545
Taxes$9,772 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
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

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

Payment Calculator

$12,921 per month

30 year fixed, 6.28% Interest

Principal and Interest

$12,106

Property Taxes

$814

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2928 Waters Island

Summary
Location and General Information
  • City Name: Morse Twp
  • County Or Parish: St. Louis
  • County: St. Louis-MN
  • Directions: By boat, NW from Van Vac Public Landing, Mainland property is road accessible.
  • Latitude: 47.918233
  • Longitude: -91.997638
  • Nbr of Acres: 7313
  • Lake Bottom: Rocky
  • Lake Chain: N
  • Lake Name: Recreational Development
  • PLAT: 126
  • Map Coordinate: 999-A1
  • Map Coordinate Source: King's Street Atlas
  • 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
  • Complex Name: Burntside
  • Waterfront Footage: 69011800
  • Waterfront Descrip: 40+
  • Waterfront Frontage: 2140
  • Waterfront Desc: Steep
Taxes and HOA Information
  • Additional Parcels Description: 4650004003238,4650004003236
  • Additional Parcels: Yes
  • Association Fee: $.00
  • Association: No
  • Parcel Number: 465004004490
  • Tax Annual Amount: $9,772.00
  • Tax Legal Description: Parcel ID's 465-0040-03236, 03238. Legal to govern
  • Tax Other Annual Assessment Amount: $25.00
  • Tax Year: 2025
  • Tax With Assessments: 9772.0000
School Information
  • High School District: 696 - Ely
  • School District Number: 696
  • School District Phone: 218-365-6166
Property
Lot Information
  • Above Grade Fin SQFT: 2146.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 2146.0
  • Lot Features: BWCA Access, Irregular Lot, Many Trees
  • Lot Size Area: 20.9
  • Lot Size Dimensions: 1420x1070
  • Lot Size Square Feet: 910404.0
  • Lot Size Units: Acres
  • Other Structures: Gazebo, Sauna, Storage Shed
  • Present Use: Yearly
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • SQFT Main Total: 2146.0000
  • Building Area Total: 2146.0
  • Above Grade SqFt Total: 2146.0000
  • Below Grade SqFt Total: 0.0000
Property and Assessments
  • Age Of Property: 28
Utilities
  • Electric: 200+ Amp Service
  • Sewer: Private Sewer
  • Water Source: Lake Water
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 2146.0
  • Fuel: Electric,Wood
  • Roof: Asphalt
  • Patio Porch Type: Deck
Interior Features
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
  • Basement Type: Block, Crawl Space
  • Amenities Unit: Deck,Dock,Hardwood Floors,Kitchen Window,Main Floor Primary Bedroom,Natural Woodwork,Panoramic View,Sauna,Tile Floors,Washer/Dryer Hookup
  • Bath Desc: Main Floor 1/2 Bath,Main Floor 3/4 Bath,Main Floor Full Bath,Separate Tub & Shower
  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 1
  • Bathrooms Total Count: 4
  • Bedrooms Total: 6
  • Fireplace Features: Free Standing, Wood Burning
  • Fireplaces Total: 1
  • FireplaceYN: Yes
  • Cooling: Central Air
  • Dining Room Description: Breakfast Area,Informal Dining Room,Living/Dining Room
  • Heating: Wood Stove
  • Levels: One
  • Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2
  • Room List: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2
  • Basement YN: Yes
Room Information
Room 1
  • Room Dimensions: 25x23
  • Room Level: Main
  • Room Type: Living Room
Room 2
  • Room Dimensions: 25x30
  • Room Level: Main
  • Room Type: Dining Room
Room 3
  • Room Dimensions: 12x7
  • Room Level: Main
  • Room Type: Kitchen
Room 4
  • Room Dimensions: 16x12
  • Room Level: Main
  • Room Type: Bedroom 1
Room 5
  • Room Dimensions: 12x12
  • Room Level: Main
  • Room Type: Bedroom 2

Property History for 2928 Waters Island

DateEvent & SourcePriceAppreciation
Jun 23, 2024

Listed (Active)

NorthStar #6559212

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

Listed (Active)

NorthStar #6559212

$2,450,000

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

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

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/21/2025 04:01 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.