2056 Mollywood Ln Ely, MN 55731

$1,495,000
Active
estimated monthly payment
3 Beds  |  2 Baths  |  1,350 Sq Ft  |   |  MLS # 6126014
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About The Listing

An idyllic Burntside Lake retreat located up the famed Echo Trail in Ely, Minnesota, this exceptional one-level lake home offers a rare combination of privacy, quality, and premier shoreline. Set on approximately 3.4 wooded acres with approximately 585 feet of gorgeous level shoreline, the property captures the very best of Northwoods lake life in one of the area’s most sought-after locations. The shoreline is truly remarkable, featuring a sand beach, dramatic rock outcroppings, and a new permanent dock perfect for morning coffee, swimming, boating, and quiet evenings by the water. Situated on the quiet east end of Burntside Lake, the completely remodeled 2-bedroom, 1-bath home has been thoughtfully updated with high-quality materials and timeless finishes throughout. Marble tile flooring, granite countertops, top-of-the-line appliances, energy-efficient windows, vaulted ceilings, and an open, airy layout create a relaxed yet refined atmosphere. A beautiful new family room addition expands the living space and provides a comfortable gathering area designed to take in the peaceful lakeside setting. The 1,400 sq. ft. home is complemented by an impressive 1,500 sq. ft. heated garage with attached guest quarters featuring 1-bedroom, a ¾ bath and an open living area/kitchenette, offering excellent space for visitors, hobbies, storage, or year-round use. Additional improvements include a second garage, a beautiful sauna, and two lakeside sheds, adding both function and charm to this extraordinary property. Just 10 minutes from Ely, this Burntside Lake paradise offers the privacy and natural beauty buyers dream of, with convenient access to town. Properties with this much level shoreline, acreage, quality, and character are seldom available. A true premier offering on one of northern Minnesota’s most treasured lakes.


Listing courtesy of Kate Davies, Bear Island Realty LLC
Purchase Price
Loan Type
Down Payment
Interest Rate
Estimated Property Taxes
Homeowner's Insurance
HOA Dues
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Property Details

Features

 
 
 
Property Type: SF/Detached
Status: Active
Year Built: 2024
MLS #: 6126014
Bedrooms: 3
Square Feet: 1,350
Bathrooms (Full): 1
Price Per Square Foot: $1,107
Bathrooms (Half) : 0
Bathrooms (Three Quarters) : 1
Garage Spaces: 4
Parking Description: Detached,Multiple
Sewer Description: Private
Air Conditioning Type: Ductless Mini Split
Water: Private,Drilled
Heat Type: Propane
Basement: Utility Room
Construction Description: Frame/Wood
Days On Market (Continuous): 2
Latest Update: 06/12/2026
List Date: 06/09/2026
Listing Agent ID: 7599
Listing Office: Bear Island Realty LLC
Listing Office ID: 31750
Data Source: LSAR - Lake Superior Area REALTORS
Appliances: Dryer,Microwave,Range/Stove,Refrigerator,Washer
Fireplace Features: Multiple - See Remarks
Exterior Features: Deck,Dock,Fenced Yard - Partial,Patio
Lot Dimensions: 525 x 285
Lot Size: 3.4 Acres
Lot Features: Accessible Shoreline,Tree Coverage - Light,Level
View Description: Inland Lake,Panoramic
Waterfront: Inland Lake
School District: Ely
Tax Year: 2026
Estimated Taxes: $6,683
City: Ely
Zip: 55731
Area: LSAR
County: St. Louis County
State: MN
Listing last updated: 06/12/26

The information published and disseminated by the service is communicated verbatim, without change by the service, as filed with the service by the participant. The service does not verify such information provided and disclaims any responsibility for its accuracy. Each participant agrees to hold the service harmless against any liability arising from any inaccuracy or inadequacy of the information such participant provides.