1 of 46

Want to see this home?

2928 Waters Island

Morse Twp, MN 55731

4 beds
4 baths
2,146 sqft
~16 acre lot
$738 per sqft
1997 build
– on site

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!

Listing courtesy of NORTHSTAR / Lisa Janisch / Janisch Realty, Inc

Last checked: Checking… • Last updated May 23, 2025 •

MLS# 6726363 —

The Building

Year Built:

1997
New Construction:

false
Age Of Property:

28
Construction Materials:

Wood Siding
Construction Materials Desc:

Frame
Roof:

Asphalt
Accessibility Features:

None
Levels:

One
Main Level Finished Area:

2146.0000
Basement:

Crawl Space
Basement:

true
Foundation Area:

2146
Manufactured Home:

No
Building Area Total:

2146
Above Grade Finished Area:

2146

Interior

Dining Room Description:

Informal Dining Room,Living/Dining Room
Fireplace:

true
Fireplaces Total:

1
Fireplace Features:

Free Standing, Wood Burning
Amenities:

Ceiling Fan(s),Deck,Kitchen Window,Panoramic View

Room Dimensions

Living Area:

2146

Location

Directions:

By boat, NW from Van Vac Public Landing, Mainland lot property is road accessible.
Latitude:

47.926525
Longitude:

-91.992193

The Property

Parcel Number:

465004003236
Zoning Description:

Residential-Single Family
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Subtype:

Rural Residential
Property Attached:

false
Additional Parcels:

false
Lot Features:

Irregular Lot, Many Trees
Lot Size Area:

15.6
Lot Size Dimensions:

1379x1400
Lot Size SqFt:

679536
Lot Size Units:

Acres
View:

East, Lake, North, Panoramic, South, West
Lake Chain:

N
Lake Acres:

7313
Lake Depth:

126
Lake Bottom:

Rocky
Water Body Name:

Burntside
Waterfront Slope:

Steep
Waterfront Feet:

1400
Waterfront Elevation:

40+
Road Between Waterfront and Home:

Yes
Road Frontage Type:

County Road
Road Responsibility:

Public Maintained Road
Water Source:

Lake Water
Other Structures:

Bunk House, Gazebo, Sauna, Storage Shed
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

9252
Tax With Assessments:

9252.0000

Beds

Bedrooms Total:

4

Baths

Total Baths:

4
Bath Description:

Main Floor 1/2 Bath,Main Floor 3/4 Bath,Main Floor Full Bath
Full Baths:

2
Three Quarter Baths:

1
Half Baths:

1

Heating & Cooling

Heating:

Fireplace(s)
Cooling:

None

Utilities

Electric:

200+ Amp Service
Sewer:

Private Sewer

Appliances

Appliances:

Dishwasher, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator

Schools

High School District:

Ely

The Community

Subdivision Name:

Morse Town Of
Waterfront:

true
Waterfront Features:

Lake Front
Association:

false
Assessment Pending:

Yes

Parking

Parking Features:

Gravel

Monthly cost estimate

Asking price

$1,585,000

Expense	Monthly cost
Mortgage	$8,487
Taxes	$771
Insurance	$435
Utilities	$197 See report
Total	$9,890/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
5/22/25 May 22, 2025	Listed / Active	NORTHSTAR	$1,585,000
11/2/20 Nov 2, 2020	Sold	Public Record	$500

Want a closer look?

Go see 2928 Waters Island

Or Call Toll Free 1-800-258-2512

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in 55731

Similar sold homes

This house located in MN 55731 is currently for sale for $1,585,000. 2928 Waters Island is a 2,146 square foot house with 4 beds and 4 baths that has been on Estately for 1 days. This house is in the attendance area of Washington Elementary School and Ely Memorial School.

Listing Courtesy of: NORTHSTAR and Janisch Realty, Inc.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.