$9,488 Closing Credit¹
#6118984, Chris Eilrich, Listing office: Wildwoods Land Company
$1,295,000 List price
2445 Reed Rd Ely, MN 55731
$10,000
Closing credit¹
4 beds
3 baths
4,872 sqft
5.5 acres
$266 / sqft
House
Property details
About 2445 Reed Rd
Burntside Lake Retreat – 5.5 Acres with Sandy Shoreline in Highly Sought-After Ely, MN Location! Welcome to a truly rare opportunity on the legendary Burntside Lake, known for its crystal-clear waters, dramatic scenery, and exceptional recreational quality. This year-round Northwoods retreat is set on 5.5 acres with towering pines, privacy, and one of the most desirable sandy, west-facing shorelines on the lake—perfect for swimming, sunbathing, and unforgettable sunsets. The expansive 4,872 sq ft home is as unique as the setting itself, offering three separate yet connected living areas under one roof. Each section includes its own kitchen, bathroom, and living room, allowing for flexible living arrangements—ideal for hosting family, friends, or multi-generational use. These spaces can be opened up for large gatherings or closed off for added privacy. In total, the home features 4 bedrooms, 3 bathrooms, 3 full kitchens and lots of additional space. Tucked just off the main home is a charming 16’ x 24’ dry guest cabin, surrounded by woods and perfect for additional guests, creative space, or quiet retreat. Located on one of the most coveted stretches of Burntside Lake, this property offers the best of lake life with no short-term rentals allowed, ensuring a peaceful and community-focused environment. Burntside is one of Minnesota’s most sought-after lakes—celebrated for its clean waters, stunning shoreline, and proximity to the Boundary Waters Canoe Area Wilderness and Ely’s vibrant community. This is more than a home—it’s a legacy property in a premier location.
Highlights
HeatingBaseboard, Dual System, Fireplace(s), Radiant, Wood, Electric
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCeiling Fan(s)
Size4,872 sqft
Lot size5.5 Acres
Year built1996
ParkingDetached
MLS #6119844
Garage1 space
WaterfrontLake
FireplaceWood Burning
ViewLake
Summary
- Interior: Ceiling Fans, Eat-In Kitchen, Kitchen Center Island, Natural Woodwork, Main Floor Laundry
- Fireplace: Wood Burning
- Total Bedroom Count: 4
- Garage Space: 1 space
- Attached Garage: No
- Parking: Detached
- Waterfront: Lake
- View: Lake
- Exterior: Deck, Dock
- Architectural Style: Ranch/Rambler
- Heating: Baseboard, Dual System, Fireplace(s), Radiant, Wood, Electric
- Cooling: Ceiling Fan(s)
- List Price: $1,295,000
- Price/SqFt: $265
- Annual Tax Amount: $7,650
- Tax Year: 2022
- Lot: Irregular Lot, Many Trees
- Directions: From Ely take 169 west to 88. Turn right on 88. Turn left on Burntside Ridge. Stay to the left onto Reed Rd. Continue staying to the left until you reach the property fire number on your right. Sign at property.
- Year Built: 1996
- Stories: 1
- Living Area: 4,872 SqFt
- Lot Size: 5.5 Acres
- MLS Number: 6119844
- Office Name: Keller Williams Classic Realty NW - Ely
- Listing Agent: Lori Schulze
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information is supplied by seller and other third parties and has not been verified. ©2025 Lake Superior Area REALTORS® MLS - All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/11/2025, 10:45:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,295,000
2445 Reed Rd
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $655,600 | $7,650 |
| 2021 | $565,300 | $6,854 |
| 2020 | $565,300 | $6,808 |
| 2019 | $565,300 | $6,304 |
| 2017 | $570,900 | $6,168 |
History based on county public records data.
Nearby schools
7
Washington Elementary School
Public District PK-5
4.1 mi
•600 E Harvey St
4
Babbit Elementary School
Public District PK-6
15.4 mi
•30 South Dr
2
Tower-Soudan Elementary School
Public District PK-6
17.8 mi
•415 2nd St N
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $62,745. The most common annual income of people living in Ely, MN is between $35k-100k. Residents typically live in married, no kids family. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
22%
<35k
56%
35k-100k
18%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
35%
Single, No Kids
4%
Single, with Kids
49%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
5%
12-17 yrs old
9%
18-34 yrs old
51%
35-64 yrs old
27%
65+ yrs old
What do the neighbors do for fun?
Hunting
Figure Skating
NASCAR
Where do the neighbors shop?
Dillards
Dollar General
Dick's Sporting Goods
Where do the neighbors go to eat?
Cracker Barrel
Applebees
Texas Roadhouse
What do the neighbors drive?
Cadillac
Subaru
Oldsmobile
What do the neighbors listen to?
News/Talk/Information
Classic Country
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2445 Reed Rd
The listing price of 2445 Reed Rd property is $1,295,000.
The property 2445 Reed Rd is a house located in Ely, Minnesota, 55731.
Active Listing: 2445 Reed Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2445 Reed Rd are: Washington Elementary School (GreatSchools Rating 7/10), Babbit Elementary School (GreatSchools Rating 4/10), Tower-Soudan Elementary School (GreatSchools Rating 2/10), Memorial Middle School (GreatSchools Rating 4/10), Memorial High School (GreatSchools Rating 8/10), Northeast Range Secondary School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2022 is $7,650 (source: MLS/based on county public records data).
The property at 2445 Reed Rd has 4 bedrooms and 3 bathrooms.
The property 2445 Reed Rd is 4,872 SqFt (source: MLS/tax record).
The year of construction for 2445 Reed Rd is 1996.
This home is located at 2445 Reed Rd in Ely, MN and zip code 55731. This 4,872 square foot home, which was built in 1996, sits on a 5.50 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 4, 2025 and is currently priced at $1,295,000.
Over 2 listings were sold over their listed price in May 2025 in Ely, MN. In the same period over 9 listings were sold below the listed price and 2 listings were sold for the listed price. Between April and May 2025, Ely, MN real estate market has seen increase in the number of listings by 19.3%. The median list price of listings available in May 2025 was $235,000, while the average time on the real estate market was 80 days.
From Rocket Homes Real Estate and based on county public records data.