$225,000
SOLD SEP 4, 2025

XXX3 Powerhouse Trail Ely, MN 55731

3.3 Acres
$68,182 Price per Acre
143,748 Sq Ft Lot

Recently Sold

18% Below List Price

247 Days on Market

Highlights

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

About This Lot

As of September 2025

+-3.3 acre lot on popular BWCA lake just 5 minutes from Ely. Located on the south shore of Fall Lake, this lot has +-275' of rocky shoreline with a small sandy cove. The building site is slightly elevated above a large flat area along the shoreline that would be great for lakeside recreation. Amazing lake views to go along with the sound of the Kawishiwi Fall off in the distance. The parcel is surveyed, has power and good access.

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

Abby Andrusko

Engel & Völkers Lake Minnetonka

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,484

Lot Details

  • 3.3 Acre Lot
  • Lot Dimensions are 109 x 640 x 275 x 690
  • Private Waterfront
  • 275 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Elevated Lot
  • Many Trees

HOA Fees

  • $26 Monthly HOA Fees

Property Views

  • Lake Views

Property Details

Property Type

Land

Est. Annual Taxes

$1,484

Lot Details

3.3 Acres

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
  • 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: 275
  • 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

  • Junior High Dist: Lake Superior #381

Lot Info

  • Estimated Lot Dimensions: 109 x 640 x 275 x 690
  • Estimated Number of Acres: 3.3
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Development Status: Raw Land
  • Geo Subdivision: MN
  • Improvements: Survey Stakes
  • Land Improvements: No
  • Lot Description: Accessible Shoreline, Tree Coverage - Heavy, High, BWCA
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 1484
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2025 09/04/25 Sold $225,000 -18.2% --
07/30/2025 07/30/25 Pending -- -- --
11/25/2024 11/25/24 For Sale $275,000 -- --
Source: Lake Superior Area REALTORS®

Agents Affiliated with this Home

  • C

    Seller's Agent in 2025

    Chris Eilrich

    Wildwoods Land Company

    (218) 343-6169

    148 Total Sales

    Chris Eilrich
    Section Image
  • Don Stocks

    Seller Co-Listing Agent in 2025

    Don Stocks

    Wildwoods Land Company

    (218) 340-1353

    99 Total Sales

    Don Stocks
    Section Image

  • A

    Buyer's Agent in 2025

    Abby Andrusko

    Engel & Völkers Lake Minnetonka

    3 Total Sales

    Abby Andrusko
    Section Image
See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6117108

Minnesota Lake County Ely 55731

XXX3 Powerhouse Trail, Ely, MN

Sold

Lots

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.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

IDX listing data provided by Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified.

Copyright 2026 – Multiple Listing Service, Inc. – All Rights Reserved.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.