Lori Gustafson

1756 Grant Mcmahan Boulevard

Ely, MN
$ 710,000 Beds 3 Baths 3 Sq 1,427 Virtual Tour
Monthly Estimate* How much can I afford?

Newly remodeled with a casual elegant easy feel, this 2,854 sq ft home rests on 211 feet of south-facing shoreline—gradual, inviting, and among the finest views on the lake. From nearly every room, light and water unfolds as sunsets pour through Marvin windows into the lakefront living room, while the updated kitchen with island opens through glass doors onto a lakeside deck. The main level offers a serene primary suite with private ¾ bath, two additional bedrooms, and a full bath. Below, the walkout level holds unlimited possibilities: a second master suite, flexible rec or game room, workshop, you name it, and of course - a private lakeside patio. A 2½-stall garage, central air, beautiful yard, reliable internet, and a dock complete the picture. Just miles from Ely and the edge of the Boundary Waters yet set back on a paved drive off a quiet paved road. Shagawa holds some of area’s finest walleye and you can fish almost year-round. Fantastic swimming, kayaking, and fishing begin at the dock. A rare and graceful lakeside home, ready for every season.

Single Family

  • Price
  • $ 710,000
  • City
  • Ely
  • Bedrooms
  • 3
  • Full Bathrooms
  • 3
  • County
  • SAINT LOUIS
  • Half Bathrooms
  • 0
  • Area
  • Hegfors Lts Town Of Morse
  • Lot Size
  • 2.69 Acres
  • Zip
  • 55731
  • Sqr Footage
  • 1,427
  • Year Built
  • 1963
  • Taxes
  • $ 3718
  • Style
  • Single Family
  • MLS#
  • 7124426
Listed By: Z'Up North Realty, Inc.
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1427
Sewer Private Sewer
Heating Forced Air
Cooling Central Air
Garage Spaces 2
Construction Materials Frame
Year Built 1963
Electric 200+ Amp Service
Levels One
Property Subtype Single Family
Tax Year 2026
Waterfront Features Lake Front
Accessibility None
County St. Louis
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Hegfors Lts Town Of Morse
Other Structures Storage Shed
Full Baths 1
Directions Hwy 169 N to Grant McMahon (CR 88) to firenumber on left
City Ely
High School District Ely
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 3718
Additional Parcels Y/N No
Virtual Tour https://www.tourfactory.com/idxr3250215
Standard Status Active
Lender Owned No
PostalCity Ely

Interior Features

Basement Unfinished,Walkout
Total Fireplaces 1
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1427
3/4 Baths 2
Total Bedrooms 3
Total Baths 3
Fuel Propane
Garage Dimensions 16X24
Garage Square Feet 384
Waterfront Feet 211

Exterior Features

Parking Features Detached Garage,Gravel,Open
Lot Features Accessible Shoreline
Water Source Private
Lot Size Area 2.69
Building Area Total 2854
Lot Dimensions 588x200
Waterfront Y/N Yes
Foundation Area 1427

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/11/2026 Listed $710,000

Property vs Zip Code Average in 55731

Price
AVG $770K
$710K
Taxes
AVG $5,071
$3,718
Year Built
AVG 1971
1963
Visits
AVG 90
24
Data Provided by Inside Real Estate®

Areas That We Cover

1756 Grant Mcmahan Boulevard Ely, MN is a Single Family Home for sale at $710000 with 1427 sqft and a lot size of 2.69 Acres Acre(s). 1756 Grant Mcmahan Boulevard Ely has 3 bedrooms, 3 baths and was built in 1963. The property's zip code is 55731 which is in Ely, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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