$139,000
UNDER CONTRACT

TBD Migisi Rd Ely, MN 55731

Estimated payment $831/month

Total Views 4,422
4.15 Acres
$33,494 Price per Acre
180,774 Sq Ft Lot

Highlights

  • Private Waterfront
  • Wetlands Adjacent
  • Elevated Lot
  • Lake View
  • No HOA
  • Satellite Dish

About This Lot

Lakeshore parcel approx. 12 miles west of Ely on Eagles Nest Lake 2 with approx. 4 acres and 485 feet of shoreline in a quiet bay! Eagles Nest 2 connects with Eagle Nest Lake 1 for a combined acreage of over 700 acres and are both crystal clear lakes with great fishing! The parcel is relatively level with nice tree cover and building sites, and then goes down to the lakeshore where there is a strip of low ground that is approx. 50 feet wide where a boardwalk may be necessary to access the lake. The bay is approx. 5 feet deep and is navigable by boat right to where your dock will be! Good road access and underground power already on the property. Private setting near the end of a dead end road in a great location and also near Bear Head Lake State Park, Ely, and the Lake Vermilion area!

Listing Agent

Jeff Hway

Bear Island Realty LLC Listed on: 05/09/2025

Co-Listing Agent

Zachary Hway

Bear Island Realty LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $874

Lot Details

  • 4.15 Acre Lot
  • Lot Dimensions are 830 x 350
  • Private Waterfront
  • 400 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Wetlands Adjacent
  • Elevated Lot
  • Unpaved Streets

Parking

  • Off-Street Parking

Property Views

  • Lake Views

Utilities

  • No Utilities
  • Satellite Dish

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$874

Lot Details

0

Listing Details

  • Class: LOT/LAND
  • Directions: From Ely travel Hwy 169 west to Bearhead State Park Rd. Turn left and and follow to Swanson Shores Rd. Turn onto Swanson Shores Rd. and follow to Migisi Rd. Follow to the property on the right.
  • InternetOptions: Satellite
  • L O1 Office Phone1 Number: 218-365-2800
  • Renewal Options: Sell Entirely
  • List Price/ Sq Ft: 33493.98
  • RdBtwnWtrfrnt: No
  • Road Maintenance: Private
  • ShorelineCharacteristics: Wetland, Elevation-Low, Shore-Vegetation
  • Property Sub-Type: Residential
  • Tax Year: 2025
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Special Features: UnderContract
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Unpaved, Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 400
  • Waterfront Name: Eagles Nest 2

Garage/Parking

  • Parking Driveway: Off Street

Utilities

  • Available Utilities: Electric
  • On Site Utilities: None
  • Power Company: Lake Country Power

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: St. Louis County #2142
  • Junior High Dist: St. Louis County #2142

Lot Info

  • Geo Update Timestamp: 2025-05-09
  • Estimated Lot Dimensions: 830 x 350
  • Estimated Number of Acres: 4.15
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Development Status: Raw Land
  • Geo Subdivision: MN
  • Land Improvements: No
  • Lot Description: High
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 874

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2025 08/04/25 Price Changed $139,000 -6.7% --
05/09/2025 05/09/25 For Sale $149,000 +86.5% --
04/05/2022 04/05/22 Sold $79,900 -0.1% --
03/03/2022 03/03/22 Pending -- -- --
02/04/2022 02/04/22 Sold $80,000 -88.3% --
01/10/2022 01/10/22 Pending -- -- --
07/29/2021 07/29/21 Sold $685,000 0.0% --
06/29/2021 06/29/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $685,000 +756.3% --
04/19/2021 04/19/21 For Sale $80,000 +0.1% --
04/19/2021 04/19/21 For Sale $79,900 -27.4% --
11/25/2020 11/25/20 Sold $110,000 0.0% --
11/08/2020 11/08/20 Pending -- -- --
04/03/2020 04/03/20 For Sale $110,000 -- --
Source: Lake Superior Area REALTORS®

Source: Lake Superior Area REALTORS®

MLS Number: 6119210