2928 Waters Is Ely, MN 55731
Property details
About 2928 Waters Is
With 15.6 acres and 1,400ft of sunny, southwest-facing shoreline, this is a once in a generation offering! Finely handcrafted wooden cabins and exotic yurts nestle in an enchanted grove of towering Norway pines. Enjoy breathtaking sunset vistas from huge granite bluffs across clear, spring-fed waters. Canoe or kayak to the BWCA. Catch giant lake trout in water over 120 feet deep, right in front of your dock! Drive the mint 1956 CrestLiner speedboat five minutes to your own secluded, mainland dock with a spacious flat parking area. An easy seven paved and scenic miles to the charming and artistic town of Ely with its shopping and cafes. Forty minutes by car to the Hibbing airport. Don’t miss this unique opportunity! Schedule a visit today!
Highlights
(ACTIVE)
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Appliances: Dishwasher, Dryer, Range Hood, Microwave, Range, Refrigerator, Washer
- Interior: Ceiling Fans, Hardwood Floors, Natural Woodwork, Skylight, Tiled Floors, Vaulted Ceilings, Dryer Hook-Ups, Washer Hook-Ups
- Fireplace: Free Standing
- Total Bedroom Count: 6
- Attached Garage: No
- Parking: None
- Waterfront: Lake
- Exterior: Deck
- Architectural Style: Ranch/Rambler
- Heating: Fireplace(s), Wood
- Cooling: None, Ceiling Fan(s)
- List Price: $1,585,000
- Price/SqFt: $1,755
- Annual Tax Amount: $6,918
- Tax Year: 2022
- Lot: Irregular Lot, Many Trees
- Directions: By boat, NW from Van Vac Public Landing, Mainland lot property is road accessible.
- Year Built: 1997
- Stories: 1
- Living Area: 903 SqFt
- Lot Size: 15.6 Acres
- MLS Number: 6119524
- Office Name: Janisch Realty Inc.
- Listing Agent: Lisa Janisch
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: 6/7/2025, 12:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,585,000
2928 Waters Is
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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 | $628,900 | $6,918 |
| 2021 | $538,600 | $6,140 |
| 2020 | $538,600 | $6,116 |
| 2019 | $583,600 | $6,242 |
| 2017 | $582,600 | $6,190 |
History based on county public records data.
Nearby schools
7
Washington Elementary School
Public District PK-5
6.5 mi
•600 E Harvey St
4
Babbit Elementary School
Public District PK-6
15.3 mi
•30 South Dr
2
Tower-Soudan Elementary School
Public District PK-6
15.4 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. Typical income of Ely, MN residents is between $35k-100k annually. 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?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
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
Frequently asked questions
About 2928 Waters Is
The listing price of 2928 Waters Is property is $1,585,000.
The property 2928 Waters Is is a house located in Ely, Minnesota, 55731.
Active Listing: 2928 Waters Is is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2928 Waters Is 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), Mesabi East Secondary School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2022 is $6,918 (source: MLS/based on county public records data).
The property at 2928 Waters Is has 6 bedrooms and 2 full and 1 half bathrooms.
The property 2928 Waters Is is 903 SqFt (source: MLS/tax record).
The year of construction for 2928 Waters Is is 1997.
This home is located at 2928 Waters Is in Ely, MN and zip code 55731. This 903 square foot home, which was built in 1997, sits on a 15.60 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 23, 2025 and is currently priced at $1,585,000.
In May 2025, from all listings sold in Ely, MN there were more than 2 sold above asking price, over 9 sold below and more than 2 were sold right at the asked price. Between April and May 2025, Ely, MN real estate market has seen increase in the number of listings by 19.3%. While the average time on the market in May 2025 was 80 days, the median list price was $235,000.