2928 Waters Is Ely, MN 55731
Property details
About 2928 Waters Is
Burntside Private Island Retreat With Mainland Lot! Gorgeous Sunrise To Sunset Vistas Of Treasured Burntside Lake. Waters Island Retreat features two parcels with a total of 20.9 acres of towering Norway pines & 1,897 ft southwest facing shoreline offering island studded views all the way across the main body of the lake, 5 cabins, 4 yurts, short boat ride across calm water to mainland lot. Mainland lot features 4.8 acres & 400 ft shoreline w/dock & swimming area in protected cove, just 7 paved miles south of Ely, & 1 paved mile past the public landing. Burntside is a 126 ft deep, exceptionally clear trout lake of 7314 acres & over 100 islands, stocked w/walleye & known for exceptional fishing & as the source of Ely’s drinking water. This is a rare property not often seen for sale on Burntside; a private island retreat with a mainland lot on the south shore of the main body of the lake!
Highlights
(ACTIVE)
Summary
- MLS Number: 6114501
- 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: 4/13/2025, 5:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,450,000
2928 Waters Is
$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 | $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. The majority of Ely, MN residents have income between $35k-100k annually. The majority of families are married, no kids. The most common level of education of people living in this area is post secondary degree.
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
This home is located at 2928 Waters Is in Ely, MN and zip code 55731. This 2,146 square foot home, which was built in 1997, sits on a 25.70 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 25, 2024 and is currently priced at $2,450,000.
Over 0 listings were sold over their listed price in March 2025 in Ely, MN. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price. The number of homes for sale in Ely, MN increased by 3.8% between February and March 2025. The median list price of listings available in March 2025 was $145,000, while the average time on the real estate market was 68 days.