Experience a rare lakeside sanctuary with unparalleled sunset views on Shagawa Lake in Ely MN. This 2-bedroom, 2-bath home has been fully reimagined with meticulous attention to detail, combining top-tier craftsmanship with the warmth of a truly inviting residence. Nestled on approximately 2.8 acres of pine-studded land, the property boasts nearly 300 feet of level shoreline and a pristine sandy beach. An idyllic setting for both serene mornings and memorable evenings. A charming stone walkway guides you to the approximately 1,300-square-foot home, where every element has been thoughtfully curated. Two enclosed entries, gleaming wood floors, and an abundance of natural light set the tone. The chef's kitchen, equipped with Fisher & Paykel appliances and granite countertops, flows seamlessly into a breakfast nook with sweeping panoramic lake views from every window. The main level features a welcoming living room, powder room, and utility/laundry space, creating a perfect blend of function and elegance. Upstairs, the master suite is a private haven, with soaring vaulted ceilings, a cozy sitting area, and a spa-like bath complete with a tile shower, soaking tub, granite counters, and in-floor heating. The third level offers a versatile space ideal as a guest retreat, home office, or artist's studio with stunning vistas of the lake. Complementing the main residence, a thoughtfully designed guest house invites friends and family to stay in style. With tile floors, tongue-and-groove walls, vaulted ceilings, a loft, three-quarter bath, off-peak electric heating, and a charming fireplace, it is both luxurious and cozy. Additional amenities include an oversized one-stall garage, storage shed, and two 5 kW eco-friendly solar panels, ensuring a lower carbon footprint. Lush natural landscaping, wildflowers, and abundant wildlife complete the setting, offering a rare combination of tranquility, elegance, and comfort. Enjoy direct access to the Trezona Trail and located less than two miles from downtown Ely which charms with cozy coffee shops, local restaurants, art galleries, and unique boutiques. This is more than a home, it's a lakeside retreat of distinction, where every detail reflects quality, character, and a lifestyle embraced by the beauty of the Northwoods.