1984 Grant McMahan Boulevard

Ely MN 55731

912 sq. ft.

217800 sq. ft.

Single-Family

Last sold for $614,000

Scott Hoefler, last sold this property on 29 August 2025 after 57 days on market.

Overview

Welcome to 1984 Grant McMahan Ely, MN. This is a 3 bedroom, 1 bath cabin located on highly desirable Shagawa Lake. Stepping onto this property feels like arriving at your own Boundary Waters campsite. The cabin sits on 5 private acres, with 700 ft of shoreline giving this Ely gem the perfect blend of nature and lake home living. As you stroll through the land, it is easy to notice how unique the property is. The lot is relatively open and flat with a slight slope to the water's edge. As you move East along the shore you will be able to hike a man made trail that takes you through the property’s woods and elevations where you can rest at a vista point to look out over Shagawa. Inside the cabin, you’ll find an updated 3 bed, 1 bath home with charm and craftsmanship throughout. The custom kitchen cabinets, warm finishes, and approachable layout make it both cozy and functional. The crown jewel is the oversized deck. It is ideal for outdoor dining, relaxing in the sun, or soaking in the sounds of the surrounding wilderness. Two bonus structures on the land need a little TLC but add value to this property. One is a guest house perfect for an extra bunk room or home office, and a sauna just inches from the shoreline. Finally, an oversized 2 stall garage provides ample room for all your outdoor gear, boats, and toys. Whether you're looking for a peaceful retreat or a basecamp for adventures, this cabin is a beauty that has it all. Don’t miss this opportunity to own a legacy property just minutes from downtown Ely.

Features

3 bedrooms

1 bathroom

2 carspaces

2 garage spaces

912 sq. ft. floor area

217800 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Ely over the last 12 months, the estimated median property value of 1984 Grant McMahan Boulevard is $402.5k.

Median value

$402.5k

Estimated value range

$122k - $880k

Median days on market

Estimated value trend

63%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Ely. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1984 Grant McMahan Boulevard

2025

Sold

$614,000

29 Aug 2025 by Scott Hoefler, of Side by Side Realty LLC

Happy sellers in Ely

We have insufficient information to provide an overview of customer satisfaction for Ely. Viewing the agent profiles, reviews and sales for Ely can provide insights for this location.