The 700 ML features a matte black synthetic stock, a carbon steel action and 24" barrel with a satin-blue finish and a 1 in 28" rate of twist. The 700 ML weighs approximately 7 3/4 pounds and is 42.5" in overall length. The instruction manual states that the maximum charge should be held to 120 grains of black powder or Pyrodex in .50 caliber rifles and 90 grains in .45 caliber rifles.

The 700 MLS Magnum model is similar but features a satin finished stainless steel barreled action with a 26" barrel and a fiberglass reinforced synthetic stock. The MLS is 44.5" long and weighs about 7 7/8 pounds. According to the Remington Catalog 2003, the 700 MLS earns its "Magnum" nomenclature by being rated for up to 150 grain charges of either black powder or Pyrodex.