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2445 Reed Rd, Ely, MN, 55731

4beds
3baths
4,872sqft
$1,095,000
$225price/sqft
$6,927/moest. monthly cost
$277,080/yrincome needed

About This Home

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 in 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.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
4
BikeSomewhat Bikeable

Schools

5/10
6/10
Memorial Middle SchoolGrades 6-84.1 mi
9/10
Memorial SecondaryGrades 9-124.1 mi

Construction

Condition

  • Year built: 1996

Materials

  • Foundation: Concrete Perimeter
  • Roof: Asphalt Shingle
  • Construction materials: Wood,Frame/Wood

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Partial,Egress Windows,Finished,Partially Finished,Walkout,Bath,Bedrooms,Family/Rec Room,Kitchen

Bedroom

  • Level: Lower
  • Area: 108
  • Dimensions: 9 x 12

Bedroom

  • Level: Main
  • Area: 147
  • Dimensions: 10.5 x 14

Bedroom

  • Level: Main
  • Area: 196
  • Dimensions: 14 x 14

Bedroom

  • Level: Main
  • Area: 150
  • Dimensions: 12 x 12.5

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • 3/4 bathrooms: 3
  • Main level bedrooms: 1

Bonus Room

  • Level: Main
  • Area: 154
  • Dimensions: 11 x 14

Entry Hall

  • Level: Main
  • Area: 310.5
  • Dimensions: 11.5 x 27

Features

  • Ceiling Fan(s),Eat In Kitchen,Kitchen Island,Natural Woodwork
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 1,624
  • Finished area above ground: 3,248

Great Room

  • Level: Lower
  • Area: 432
  • Dimensions: 18 x 24

Heating

  • Heating features: Baseboard,Dual Fuel/Off Peak,Fireplace(s),Radiant,Wood,Electric

Interior Area

  • Total interior livable area: 4,872 sqft

Kitchen

  • Level: Main
  • Area: 204.75
  • Dimensions: 10.5 x 19.5

Kitchen

  • Level: Main
  • Area: 214.5
  • Dimensions: 11 x 19.5

Laundry

  • Level: Main
  • Area: 105
  • Dimensions: 10 x 10.5

Living Room

  • Level: Main
  • Area: 331.5
  • Dimensions: 17 x 19.5

Living Room

  • Level: Main
  • Area: 312
  • Dimensions: 16 x 19.5

Property

Details

  • Parcel number: 465004900040
  • Zoning description: Residential
  • Foundation area: 3248

Features

  • Patio & porch: Deck
  • Exterior features: Dock
  • Has view: Yes
  • View description: Inland Lake
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Inland Lake,Waterfront Access(Private),Shoreline Characteristics(Sand,Shore-Accessible,Shore-Beach,Shore-Vegetation)
  • Waterbody name: Burntside
  • Frontage length: 215

Lot

  • Lot size: 5.50 Acres
  • Features: Irregular Lot,Tree Coverage - Heavy,High,BWCA Access
  • Lot size dimensions: Irregular

Parking

  • Total spaces: 1
  • Parking features: Gravel,Detached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1