Burntside Lake 5-Acre
For Sale
$945,000
Waters Island, Ely, MN 55731
LAND - Ely, MN
Property SizeContact for details
Lot Size5.30 Acres
Days on Market361
Property Features for Waters Island
General Information
Property type
Land
Property subtype
Other
Elementary school district
St.Louis County
Middle school district
St.Louis County
High school district
St.Louis County
Subdivision
Rural N of Hwy 169 - 135
Standard status
Active
Lot size
5.30 Acres
Utilities
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: Sep 6, 2025
Changed: May 26
Last Checked: Sep 1 at 10:06AM
MLS# 148382
Copyright © 2026 Range Association of REALTORS. 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 south shore of Waters Island on Burntside Lake. The property offers south and west-facing exposure with views across the lake to the Boundary Waters Wilderness. A secluded bay is suitable for swimming and provides shelter for boats. There are several level building sites among Norway pines, as well as a granite bluff with panoramic views. The property includes mainland dock access a half mile away with a parking area and a short driveway to Eastern Van Vac Road. It is located seven miles from Ely, and 40 minutes from the Hibbing Airport.
Key Highlights
- 5‑acre parcel on Waters Island, Burntside Lake's largest and most central island.
- South and west‑facing exposure with stunning views of the Boundary Waters Wilderness.
- Private setting with level building sites** among Norway pines and a granite bluff.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1
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?
Waterfront Land - Spectacular 5-acre parcel on Burntside Lake's Waters Island.
Where is this waterfront 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's largest and most central island.; South and west‑facing exposure with stunning views of the Boundary Waters Wilderness.; Private setting with level building sites** among Norway pines and a granite bluff.
