$240,000
SOLD JUL 11, 2025

XXX1 Powerhouse Trail Ely, MN 55731

3.2 Acres
$75,000 Price per Acre
139,392 Sq Ft Lot

Recently Sold

26% Below List Price

191 Days on Market

Highlights

  • Private Waterfront
  • Elevated Lot
  • Many Trees
  • Lake View

About This Lot

As of July 2025

A truly one of a kind property located at the mouth of the Kawishiwi Falls. Imagine sitting on your private dock with expansive lake views towards the BWCA in addition to the picturesque falls. Listen to the sounds of the water as it roars over the dam and drops into Fall Lake just down the shoreline. The current slows down by the time it reaches you and creates a natural sand beach with a ledgerock backdrop. +-3.2 acres with good year round access and +-265' of shoreline. Surveyed, with power available at the road. This is a very special parcel with a lot to offer.

Last Agent to Sell the Property

Chris Eilrich

Wildwoods Land Company Listed on: 11/25/2024

Co-Listed By

Don Stocks

Wildwoods Land Company

Last Buyer's Agent

Chris Eilrich

Wildwoods Land Company Listed on: 11/25/2024

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,448

Lot Details

  • 3.2 Acre Lot
  • Lot Dimensions are 113 x 762 x 257 x 779
  • Private Waterfront
  • 265 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Elevated Lot
  • Irregular Lot
  • Many Trees

HOA Fees

  • $26 Monthly HOA Fees

Property Views

  • Lake Views

Property Details

Property Type

Land

Est. Annual Taxes

$1,448

Lot Details

0

HOA Fees

$26 per month

Listing Details

  • Class: LOT/LAND
  • Directions: From Ely....head out to the Fernberg Road to Power Dam Road, left on Powerhouse Trail. Signs on property.
  • L O1 Office Phone1 Number: 218-365-3665
  • Renewal Options: Sell Entirely
  • List Price/ Sq Ft: 75000
  • RdBtwnWtrfrnt: No
  • Road Maintenance: Association
  • ShorelineCharacteristics: Rocky, Sand
  • Property Sub-Type: Residential
  • Tax Year: 2025
  • Twp Number: 63N
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 265
  • Waterfront Name: Fall

Utilities

  • Available Utilities: Electric
  • Power Company: Lake Country Power

Condo/Co-op/Association

  • Association Fee: Yes
  • Association Fee Frequency: Yearly

Association/Amenities

  • FeesAssociationFeeAmount: 315.6

Schools

  • School District: Lake Superior #381
  • Junior High Dist: Lake Superior #381

Lot Info

  • Geo Update Timestamp: 2024-11-25
  • Estimated Lot Dimensions: 113 x 762 x 257 x 779
  • Estimated Number of Acres: 3.2
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Development Status: Raw Land
  • Geo Subdivision: MN
  • Improvements: Survey Stakes
  • Land Improvements: No
  • Lot Description: Accessible Shoreline, Irregular Lot, Tree Coverage - Heavy, High, BWCA
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 1448

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
07/11/2025 07/11/25 Sold $240,000 -26.2% --
06/04/2025 06/04/25 Pending -- -- --
11/25/2024 11/25/24 For Sale $325,000 -- --
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2025

    Chris Eilrich

    Wildwoods Land Company

  • D

    Seller Co-Listing Agent in 2025

    Don Stocks

    Wildwoods Land Company

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6117106

Minnesota Lake County Ely 55731

XXX1 Powerhouse Trail, Ely, MN

This home is located at XXX1 Powerhouse Trail, Ely, MN 55731 and is currently priced at $240,000. XXX1 Powerhouse Trail is a home located in Lake County with nearby schools including William Kelley Elementary School and William Kelley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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