# Waters Island, Ely, MN 55731 > **TL;DR:** land, $945,000. > Waterfront. Est. $5,054/mo. Listed 493 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $945,000 | | Lot Size | 230,868 sqft (5.30 acres) | | Property Type | Land (Other) | | Status | Active | | Days on Market | 493 | ## Why This Home Stands Out - **Waterfront** - Waterfront location listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,778 | | Estimated Insurance | $276 | | **Total** | **$5,054** | ## Key Amenities - Waterfront ## Property Highlights - 5.30 acre lot - Waterfront ## Description ### Agent Description 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. ## Location - **Address:** Waters Island, Ely, MN 55731 - **County:** St. Louis - **Neighborhood:** Morse Town Of - **Coordinates:** 47.925768, -91.991289 - **Google Maps:** https://www.google.com/maps?q=47.925768,-91.991289 ## Listing Agent - **Name:** Lisa Janisch - **Brokerage:** Janisch Realty - **Phone:** (218) 780-6644 - **Broker Phone:** (218) 780-6644 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/Waters-Is_Ely_MN_55731_M93068-94135?f=listhub&s=RMLSMN&m=6726369&c=propsimple) ## Photos ![Waters Island - Photo 1](http://lh.rdcpix.com/1461562a014d06d394cc4416972a1631l-f3135799861r.jpg) ![Waters Island - Photo 2](http://lh.rdcpix.com/1461562a014d06d394cc4416972a1631l-f877963385r.jpg) ![Waters Island - Photo 3](http://lh.rdcpix.com/1461562a014d06d394cc4416972a1631l-f4063717607r.jpg) ![Waters Island - Photo 4](http://lh.rdcpix.com/1461562a014d06d394cc4416972a1631l-f2586395481r.jpg) ![Waters Island - Photo 5](http://lh.rdcpix.com/1461562a014d06d394cc4416972a1631l-f3308116166r.jpg) --- **MLS#:** 6726369 | **Updated:** 2026-09-24 **Source:** listhub *Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/waters-island-ely-mn-55731-6726369) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/waters-island-ely-mn-55731-6726369#listing", "url": "https://www.propertysimple.ai/listing/waters-island-ely-mn-55731-6726369", "name": "Waters Island, Ely, MN 55731", "description": "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. 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