Burntside Lake 5-Acre Island
For Sale
$945,000
Waters Island, Ely, MN 55731
LAND - Ely, MN
Property SizeContact for details
Lot Size5.30 Acres
Days on Market457
Property Features for Waters Island
General Information
Property type
Land
Property subtype
Other
Zoning description
Lot
Subdivision
Morse Town Of
Lot features
B W C A Access, Island/ Peninsula, Property Adjoins Public Land, Tree Coverage - Heavy
High school district
Ely
Directions
By boat, NW from Van Vac Public Landing, Mainland dock property is road accessible.
Standard status
Active
APN
465004003238
Lot size
5.30 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
520
Utilities
Utilities
Electricity Available
Water front features
Lake
Water front
1
Listing Agency:
Janisch Realty, Inc
(218) 780-6644
Listed By:
Lisa Janisch · License #40298563
(218) 780-6644
Added: May 20, 2025
Changed: Jun 29
Last Checked: Aug 19 at 9:06PM
MLS# 6726369
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5.3-acre parcel is located on the sunny South Shore of Waters Island, the largest and most central island on Burntside Lake. The property offers south and west-facing exposure with views across the central part of the lake to the Boundary Waters Wilderness. A secluded bay to the east is suitable for swimming and provides shelter for boats. Several level building sites are accessible among Norway pines, along with a granite bluff offering panoramic views. The property includes mainland dock access a half mile away, with a spacious parking area and a short, level driveway to Eastern Van Vac Road. It is located seven miles from Ely, with its cafes and galleries, and 40 minutes from the Hibbing Airport. This property is intended for recreational use and offers an opportunity to own property on Burntside Lake.
Key Highlights
- 5‑acre parcel on Waters Island, Burntside Lake: Offers a large, private property on a central island of a highly desirable lake.
- South and west facing exposure with breathtaking views of the lake and Boundary Waters Wilderness.
- Private bay for swimming and boating: Includes a secluded bay ideal for recreational water activities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 55731, MN
5,494
Population
4,954
Households
1.1
Avg Household Size
54
Median Age
41%
College-Educated
94%
High-School Grad
1,606.7 sq mi
ZIP Area
3
Density / Sq Mi
$62,900
Median Household Income
$31,840
Median Earnings
$641
Median Rent
$202,900
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Land - Spectacular Burntside Lake property with south and west facing exposure.
Where is this land located?
The property is located at Waters Island Ely, MN.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: 5‑acre parcel on Waters Island, Burntside Lake: Offers a large, private property on a central island of a highly desirable lake.; South and west facing exposure with breathtaking views of the lake and Boundary Waters Wilderness.; Private bay for swimming and boating: Includes a secluded bay ideal for recreational water activities.
