NOT LISTED FOR SALE

TBD Migisi Rd Ely, MN 55731

4.15 Acres
-- Price per Acre
180,774 Sq Ft Lot

Last Sold September 04, 2025

Last sale price $133,000

89 Days on Market

Highlights

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

About This Lot

As of September 2025

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!

Last Agent to Sell the Property

Jeff Hway

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

Co-Listed By

Zachary Hway

Bear Island Realty LLC

Last Buyer's Agent

Kate Davies

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
  • 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: None
  • 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

  • Junior High Dist: St. Louis County #2142

Lot Info

  • 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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft Prior Sale
09/04/2025 09/04/25 Sold $133,000 -4.3% --
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% -- View Prior Sale
03/03/2022 03/03/22 Pending -- -- --
02/04/2022 02/04/22 Sold $80,000 -88.3% -- View Prior Sale
01/10/2022 01/10/22 Pending -- -- --
07/29/2021 07/29/21 Sold $685,000 0.0% -- View Prior Sale
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% -- View Prior Sale
11/08/2020 11/08/20 Pending -- -- --
04/03/2020 04/03/20 For Sale $110,000 -- --
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jeff Hway

    Seller's Agent in 2025

    Jeff Hway

    Bear Island Realty LLC

    (218) 349-0906

    162 Total Sales

    Jeff Hway
    Section Image

  • Z

    Seller Co-Listing Agent in 2025

    Zachary Hway

    Bear Island Realty LLC

    (651) 341-0383

    68 Total Sales

    Zachary Hway
    Section Image
  • Kate Davies

    Buyer's Agent in 2025

    Kate Davies

    Bear Island Realty LLC

    (218) 343-9173

    168 Total Sales

    Kate Davies
    Section Image
  • Anna Yahnke

    Seller's Agent in 2022

    Anna Yahnke

    Bear Island Realty LLC

    (218) 235-3547

    177 Total Sales

    Anna Yahnke
    Section Image

  • S

    Buyer's Agent in 2022

    Sheri Israel

    Z' Up North Realty

    Section Image

  • T

    Buyer's Agent in 2021

    Trish Bulinski

    Bear Island Realty LLC

    (218) 349-5595

    135 Total Sales

    Trish Bulinski
    Section Image
See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6119210

Minnesota St Louis County Ely 55731

TBD Migisi Rd, Ely, MN

Not Listed for Sale

Lots

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