1852 Grant Mcmahan Blvd Ely, MN 55731

Set on a secluded 27.5-acre wooded peninsula, this Shagawa Lake property offers a rare combination of space, natural beauty, and lakefront living. With 2,800 feet of southwest-facing shoreline, you can take in breathtaking sunsets, towering pines, and the sounds of nature—just five miles from Ely. The centerpiece of this property is a well-built, year-round three-bedroom, two-bathroom home designed for comfort and a strong connection to its surroundings. The spacious living room features vaulted ceilings, a propane fireplace, and floor-to-ceiling windows that frame stunning lake views. Skylights bring in natural light, while rich wood finishes add warmth and character. The kitchen is both stylish and functional, with granite countertops, a tile backsplash, and a center island. Sliding doors lead to a large lakeside deck, perfect for outdoor dining and relaxation. The dining room showcases oak flooring, a bay window, and an open layout ideal for gatherings. Upstairs, three well-appointed bedrooms offer picturesque lake views, with the primary bedroom featuring a private deck. The lower level includes a comfortable entertainment room with custom built-ins, a freestanding propane fireplace, and plenty of space to unwind. Outside, the 2800 feet of shoreline transitions gracefully between sandy, level beaches and dramatic rock ridges, creating a landscape as diverse as it is beautiful. A 36x40 three-stall garage with steel siding provides ample storage. Modern utilities, including a drilled well and an inspected septic system, ensure ease of ownership. Shagawa Lake is a year-round destination. Whether you're looking for a secluded retreat, a full-time residence, or a long term investment, this Northwoods property is a rare find.