2445 Reed Rd
Ely, MN 55731
Map
- 4 beds
- 3 baths
- 4,872 sqft
- ~6 acre lot
- $265 per sqft
- 1996 build
- – on site
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.
Last checked:
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Last updated Jun 4, 2025
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MLS# 6119844 —
The Building
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Construction Type:Frame/Wood
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Remodeled/Addition:yes
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Roof:Asphalt Shingles
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Stories:1
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Exterior:Wood
Interior
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Amenities:Ceiling Fans, Eat-In Kitchen, Kitchen Center Island, Natural Woodwork, Main Floor Laundry
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Dining:Combine with Kitchen, Combine with Living Room, Eat-In Kitchen
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Extra Rooms:Den/Office, Family/Rec, Second Kitchen, Storage Room, Utility Room, Great Room, Entry, Bonus Room
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Fireplace:yes
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Fireplaces:1
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Fireplace Type:wood-burning
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Basement Style:Partial
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Basement Features:Egress Windows, Finished, Partially Finished, Walkout, Bath, Bedrooms, Family/Rec Room, Kitchen
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Basement Material:Concrete Block, Poured Concrete
Financial & Terms
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Potential Short Sale:no
Location
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Latitude:47.930727
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Longitude:-91.935457
The Property
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Subtype:SF/Detached
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Lot Description:irregular lot, heavy tree coverage, High, BWCA Area
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Amenities-Exterior:Deck, Dock
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View:Inland Lake
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5.5Acres:
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Road Frontage:Private
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Road Maintenance:Association, Private
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Road Between Waterfront and Home:no
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Waterfront Name:Burntside
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Waterfront:yes
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Outbuildings:Greenhouse, Screenhouse, Storage Shed, Guesthouse, Other Buildings
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Classification:Homestead
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Zoning (WI):Residential
Listing Agent
- Contact info:
- Agent phone:
- (218) 343-1787
Beds
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Main Floor Bedroom:1
Baths
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Bath Description:3/4 Basement, 3/4 Main Floor
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Main Floor Bath:Yes
The Listing
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Terms:Cash, Conventional
Heating & Cooling
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Heat:Baseboard, Dual Fuel/Off Peak, Fireplace, Radiant, Wood, Electric
Utilities
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Sewer:Private
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Water:Drilled
Schools
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School District:Ely #696
The Community
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Waterfront Description:Inland Lake
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Waterfront Access:Private
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Restrictions/Covenants:Easements, Other Covenants
Parking
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Garage Type:Detached
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Garage Dimensions:14 x 22
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Parking/Driveway:Driveway - Gravel
Extra Units
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Outbuilding Description:Ranch/Rambler
Monthly cost estimate
Asking price
$1,295,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$6,934
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| Taxes | $659 |
| Insurance | $356 |
| Utilities | $268 See report |
| Total | $8,217/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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6/4/25
Jun 4, 2025
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Listed / Active | DAAR | $1,295,000 |
