Google satellite image for 2889 Waters Is, Ely, MN 55731

Off market

$749,026

•

1 ba

•

1,122

sq ft

2889 Waters Is, Ely, MN 55731

About this home

2889 Waters Is is a 1,122 square foot property on a 2.7 acre lot with 3 bedrooms and 1 bathroom. Based on Redfin's Ely data, we estimate the home's value is $749,026.

1978Year Built

2.7 acresLot Size

$668Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$749,026

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 27.5% higher than the average sale price ($587K) of 6 comparable homes.

SOLD OCT 22, 2026
$425,000
A
2 beds2 baths1,260 sq ft
1875 Echo Trl, Ely, MN 55731
SOLD SEP 25, 2026
$850,000
B
3 beds1 bath1,560 sq ft
3003 Burntside Ridge Rd, Ely, MN 55731
SOLD OCT 22, 2026
$725,000
C
2 beds1.5 baths1,300 sq ft
1621 N Pioneer Rd, Ely, MN 55731
SOLD OCT 7, 2026
$377,000
D
2 beds1 bath728 sq ft
1583 Jewel Ridge Rd, Ely, MN 55731
SOLD OCT 1, 2026
$418,000
E
2 beds2 baths— sq ft
2734 Bear Island River Rd, Ely, MN 55731
SOLD SEP 18, 2026
$729,000
F
2 beds1 bath773 sq ft
3009 Burntside Ridge Rd, Ely, MN 55731

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Market trends in 55731, MN

Last updated October 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-list price

92.8%

+0.5% MoM

Median sale price

$376K

$93K MoM

Avg. days on market

93d

29 days MoM

Recently sold homes

1 MoM

New listings for sale

3D WALKTHROUGH
$223,000
4 beds2 baths1,607 sq ft
434 S 5th Ave Ave E, Ely, MN 55731
3D WALKTHROUGH
$183,000
2 beds1 bath1,045 sq ft
123 W Chapman St, Ely, MN 55731
3D WALKTHROUGH
$719,000
2 beds1 bath1,400 sq ft
1550 Pyhola Rd, Ely, MN 55731
3D WALKTHROUGH
$325,000
2 beds— baths880 sq ft
3911 Shiloh Trl, Ely, MN 55731
$104,000
3 beds1.5 baths864 sq ft
11 E Pattison St, Ely, MN 55731
See all

Provided by Redfin

Sale history for 2889 Waters Is

Year

Property tax

Land + Additions

Assessment*

2026

$6,638 (+18.7%)

$505,500 + $162,900

$668,400

2025

$5,592 (+4.9%)

$440,200 + $135,500

$575,700

2024

$5,330 (+10.4%)

$415,300 + $139,200

$554,500

2023

$4,828 (−14.0%)

$353,100 + $115,900

$469,000

2022

$5,612 (+16.9%)

$300,200 + $101,000

$401,200

2021

$4,802 (+5.8%)

$300,600 + $101,000

$401,600

2020

$4,538 (+5.8%)

$300,600 + $101,000

$401,600

2019

$4,288 (+0.2%)

$279,600 + $101,600

$381,200

2018

$4,278 (−0.6%)

$279,600 + $101,600

$381,200

2017

$4,304 (−2.7%)

$279,600 + $101,600

$381,200

2016

$4,422 (−1.3%)

$294,100 + $101,600

$395,700

2014

$4,479 (−0.7%)

$297,200 + $97,300

$394,500

2013

$4,512

$297,200 + $97,300

$394,500

Tax history for 2889 Waters Is

Year

Property tax

Land + Additions

Assessment*

2026

$6,638 (+18.7%)

$505,500 + $162,900

$668,400

2025

$5,592 (+4.9%)

$440,200 + $135,500

$575,700

2024

$5,330 (+10.4%)

$415,300 + $139,200

$554,500

2023

$4,828 (−14.0%)

$353,100 + $115,900

$469,000

2022

$5,612 (+16.9%)

$300,200 + $101,000

$401,200

2021

$4,802 (+5.8%)

$300,600 + $101,000

$401,600

2020

$4,538 (+5.8%)

$300,600 + $101,000

$401,600

2019

$4,288 (+0.2%)

$279,600 + $101,600

$381,200

2018

$4,278 (−0.6%)

$279,600 + $101,600

$381,200

2017

$4,304 (−2.7%)

$279,600 + $101,600

$381,200

2016

$4,422 (−1.3%)

$294,100 + $101,600

$395,700

2014

$4,479 (−0.7%)

$297,200 + $97,300

$394,500

2013

$4,512

$297,200 + $97,300

$394,500

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Property details

Exterior

Exterior Information
Physical Condition: Good
Building Style Type: Cabin
Construction Type: Wood
Building Construction Quality: Good
Building Type: Residential

Property Information
Subdivision Name: MORSE TOWN OF
Living Sq. Ft: 1,122
Building Sq. Ft: 1,122
# of Stories: 1.7
Legal Description: THAT PART OF GOVT LOT 4, DESCRIBED AS FOLLOWS: COMMENCING AT THE MEANDER CORNER ON THE WEST SECTION LINE OF SAID SECTION ON THE SOUTH SHORELINE OF BURNTSIDE LAKE; THENCE N00DEG54'06"W, ASSIGNED BEARING, ALONG SAID WEST LINE, A DISTANCE OF 1712.57 FEET TO THE WITNESS CORNER TO MEANDER CORNER NO. 112, THE POINT OF BEGINNING; THENCE N01DEG47'25"W ALONG THE WEST LINE OF SAID GOVT LOT 4, A DISTANCE OF 495.45 FEET; THENCE N85DEG22'06"E, A DISTANCE OF 92.81 FEET TO THE SOUTHERLY LINE OF THE PLAT OF MAKWA ADDITION; THENCE S50DEG00'02"E ALONG SAID SOUTHERLY LINE, A DISTANCE OF 63.79 FEET TO THE SOUTHEAST CORNER OF SAID PLAT; THENCE N27DEG47'55"E ALONG THE EASTERLY LINE OF SAID PLAT, A DITANCE OF 29 FEET, MORE OR LESS, TO THE SHORE LINE OF

Lot Information
# of Buildings: 1
Land Sq. Ft: 117,612
Legal Lot Number: 4
Municipality Name: MORSE TWP
Acres: 2.7
Zoning Code: RES
County Use Description: NON-COMM SEASONAL RESIDENTIAL

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 3
Baths: 1.0
Sq. Ft.: 1,122
Stories: 1.7
Lot Size: 2.7 acres
Style: Other
Year Built: 1978
Year Renovated: —
County: St. Louis County
APN: 465-0040-03392

Home facts updated by county records on Sep 19, 2026

Around this home

Schools

K - 12
Preschool & daycare

Washington Elementary School

Public PreK-5 • Assigned • 6.2mi

6/10

Memorial Middle School

Public 6-8 • Assigned • 6.2mi

7/10

Memorial Secondary

Public 9-12 • Assigned • 6.2mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.15% chance of being in a wildfire in next 30 years

1/10 Heat Factor

7 days above 92° expected this year, 12 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

2/10 Air Factor

0 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Ely, MN • 55731

Average low and high temperatures (°F)

14°

-5°

23°

1°

37°

15°

46°

27°

65°

39°

74°

51°

80°

57°

73°

55°

68°

49°

57°

39°

38°

24°

21°

5°

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

Nearby similar homes

3D WALKTHROUGH

$223,000

4 beds2 baths1,607 sq ft

434 S 5th Ave Ave E, Ely, MN 55731

Informal dining room • Great room • Custom shelving

$699,000

3 beds3 baths1,427 sq ft

1756 Grant Mcmahan Blvd, Ely, MN 55731

Lakeside deck • Updated kitchen • Walkout level

$259,000

3 beds1 bath1,064 sq ft

308 S 8th Ave. Ave E, Ely, MN 55731

Hardwood floors • New appliances • Electric panel

$135,000

2 beds2 baths— sq ft

24 Fern Ct, Babbitt, MN 55706

Open-concept kitchen • Main-floor laundry • Bonus room

$169,000

3 beds1 bath1,087 sq ft

34 N Klondike Dr, Ely, MN 55731

Wooded lot • Open front porch • Large lot

$828,000

3 beds3 baths2,565 sq ft

14065 Klos py Rd, Ely, MN 55731

Landscaped yard • Dock • Master bedroom

New listings for sale in 55731

3D WALKTHROUGH

$223,000

4 beds2 baths1,607 sq ft

434 S 5th Ave Ave E, Ely, MN 55731

Informal dining room • Great room • Custom shelving

3D WALKTHROUGH

$183,000

2 beds1 bath1,045 sq ft

123 W Chapman St, Ely, MN 55731

Enclosed mudroom • Updated cabinets • Updated bath

3D WALKTHROUGH

$719,000

2 beds1 bath1,400 sq ft

1550 Pyhola Rd, Ely, MN 55731

New doors • New carpet • New flooring

3D WALKTHROUGH

$325,000

2 beds— baths880 sq ft

3911 Shiloh Trl, Ely, MN 55731

40 acres • Off-grid cabin • Moose river

$104,000

3 beds1.5 baths864 sq ft

11 E Pattison St, Ely, MN 55731

Main-level bedroom • New roof • 4,356 sq ft lot

Home values near 2889 Waters Is

Data from public records.

Address	Redfin Estimate
X Waters Is, Morse Township, MN 4 Beds \| 4 Baths \| 2146 Sq. Ft.	$1,458,924
2837 Moroni Point Rd, Ely, MN 2 Beds \| 1 Baths \| 623 Sq. Ft.	$496,645
2769 Van Vac Rd, Ely, MN 3 Beds \| 1.75 Baths \| 1872 Sq. Ft.	$1,296,190

Address	Redfin Estimate
2928 Waters Is Apt Waters Island and Dock Van Vac Road, Ely, MN 6 Beds \| 3.5 Baths \| 2146 Sq. Ft.	$2,238,479
2882 Moroni Point Rd, Ely, MN 2 Beds \| 2 Baths \| 896 Sq. Ft.	$555,569
3297 Burntside Lake Rd, Ely, MN 1 Beds \| 1 Baths \| - Sq. Ft.	$598,034

Address	Redfin Estimate
2708 Burntside Lake Rd, Ely, MN 1 Beds \| 0.5 Baths \| 850 Sq. Ft.	$1,239,906
2928 Waters Is & Dock Van Vac Rd, Ely, MN 6 Beds \| 4 Baths \| 2146 Sq. Ft.	$2,243,234

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About this home

Redfin Estimate

Market trends in 55731, MN

Sale history for 2889 Waters Is

Tax history for 2889 Waters Is

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 55731

Home values near 2889 Waters Is

More real estate resources