There is no other property on iconic Burntside Lake like this one! Welcome to Aurora Waters, a one of a kind, landmark home on a spectacular island! This is a magical property: 5 hand crafted cabins and 4 exotic Yurts spread through an enchanted, open forest of 20.9 acres with 2,140 feet of sunny, southern facing shoreline. Towering Norway pines and high granite bluffs offer shimmering island studded views across the vast, main body of the lake to the legendary Boundary Waters Wilderness, world famous for canoe trips. Catch giant lake trout in the 120’ clear, spring fed depths in front of your dock, and sauna and swim under the shimmer of the Northern Lights. Bald eagles and deer abound. Loons call in the still twilight, and the stars are bright and close. Waters Island is the largest, most central island on Burntside and Aurora’s neighboring forest is held in a Land Trust. It’s the ultimate in seclusion and privacy, yet easily accessible via a nearby dock (included). There is a flat, spacious parking area with a level, hundred yard driveway to the Eastern Van Vac Road. Just seven paved miles to the charming frontier town of Ely with its cafes, restaurants, canoe outfitters and shopping. 40 minutes to the Hibbing Airport. Something like this will never come up for sale on Burntside again. Invest in a legacy property and a rare sanctuary in these turbulent times. Visit soon!
For sale
$2,450,000
2928 Waters Is, Ely, MN 55731
6beds
2,146sqft
Est.:
Single Family Residence
Built in 1997
20.9 Acres Lot
$-- Zestimate®
$1,142/sqft
$-- HOA
What's special
Sunny southern facing shorelineHigh granite bluffsShimmering island studded viewsTowering norway pines
- 642 days |
- 568 |
- 21 |
Zillow last checked: 7 hours ago
Listing updated: September 06, 2025 at 06:03pm
Listed by:
Lisa Janisch 218-780-6644,
Janisch Realty Inc.
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6114501
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
- Main level bedrooms: 1
Bedroom
- Level: Main
- Area: 192 Square Feet
- Dimensions: 12 x 16
Bedroom
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12 x 12
Bedroom
- Level: Main
- Length: 20 Feet
Bedroom
- Level: Main
- Length: 16 Feet
Bedroom
- Level: Main
- Length: 12 Feet
Dining room
- Level: Main
- Area: 80 Square Feet
- Dimensions: 8 x 10
Family room
- Level: Main
- Length: 24 Feet
Kitchen
- Level: Main
- Area: 84 Square Feet
- Dimensions: 7 x 12
Living room
- Level: Main
- Area: 575 Square Feet
- Dimensions: 23 x 25
Heating
- Baseboard, Wood, Electric
Cooling
- Central Air
Appliances
- Included: Water Heater-Electric, Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer
Features
- Ceiling Fan(s), Natural Woodwork
- Flooring: Hardwood Floors, Tiled Floors
- Basement: N/A
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 2,146 sqft
- Finished area above ground: 2,146
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, None
Features
- Patio & porch: Deck
- Exterior features: Dock, Rain Gutters
- Has view: Yes
- View description: Inland Lake, Panoramic
- Has water view: Yes
- Water view: Lake
- Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Rocky)
- Body of water: Burntside
- Frontage length: 2140
Lot
- Size: 20.9 Acres
- Dimensions: 1420 x 1070
- Features: Irregular Lot, Many Trees
Details
- Additional structures: Gazebo, Sauna, Storage Shed, Bunkhouse
- Parcel number: 465004003236, 03238
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood, Frame/Wood
- Foundation: Rock
- Roof: Asphalt Shingle
Condition
- Previously Owned
- Year built: 1997
Utilities & green energy
- Electric: Lake Country Power
- Sewer: Private Sewer
- Water: Private
Community & HOA
HOA
- Has HOA: No
Location
- Region: Ely
Financial & listing details
- Price per square foot: $1,142/sqft
- Tax assessed value: $977,300
- Annual tax amount: $9,972
- Date on market: 6/25/2024
- Cumulative days on market: 513 days
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$3,147/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2024 | Listed for sale | $2,450,000$1,142/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6114501 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,918 +12.7% | $977,300 +31.1% |
| 2023 | $6,140 +4.1% | $745,400 +18.5% |
| 2022 | $5,898 -5.5% | $628,900 +16.8% |
| 2021 | $6,242 | $538,600 -7.7% |
| 2020 | $6,242 | $583,600 |
| 2019 | $6,242 +0.8% | $583,600 +0.2% |
| 2018 | $6,190 -0.5% | $582,600 |
| 2017 | $6,218 +0.5% | $582,600 |
| 2016 | $6,190 -1% | $582,600 -3.6% |
| 2015 | $6,254 -2.7% | $604,200 +1.5% |
| 2014 | $6,428 -0.6% | $595,500 |
| 2013 | $6,468 -9.2% | $595,500 -14.1% |
| 2012 | $7,123 +10.5% | $693,300 |
| 2011 | $6,445 +4.2% | $693,300 -2.6% |
| 2010 | $6,182 | $711,900 |
| 2009 | $6,182 +1.2% | $711,900 +18.8% |
| 2008 | $6,108 +7.6% | $599,200 +15% |
| 2007 | $5,678 +13.9% | $521,000 +15% |
| 2006 | $4,985 -8.3% | $453,000 +32.3% |
| 2004 | $5,436 +9.4% | $342,500 +12% |
| 2003 | $4,971 +19.5% | $305,800 +17.7% |
| 2002 | $4,159 +7.9% | $259,900 +34.9% |
| 2001 | $3,855 +3.4% | $192,600 +8.5% |
| 2000 | $3,729 | $177,500 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$14,614/mo
Principal & interest
$12429
Property taxes
$2185
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Climate risks
Neighborhood: 55731
Nearby schools
GreatSchools rating
- 5/10Washington Elementary SchoolGrades: PK-5Distance: 6.6 mi
- 6/10Memorial Middle SchoolGrades: 6-8Distance: 6.6 mi
- 9/10Memorial SecondaryGrades: 9-12Distance: 6.6 mi
Local experts in 55731
- Minnesota
- Saint Louis County
- Ely
- 55731
- 2928 Waters Is
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