$215,000
SOLD SEP 11, 2025

XXX4 Powerhouse Trail Ely, MN 55731

2.6 Acres
$82,692 Price per Acre
113,256 Sq Ft Lot

Recently Sold

14% Below List Price

233 Days on Market

Highlights

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

About This Lot

As of September 2025

This is the first time that these Fall Lake West Lots have been put on the market. This +-2.6 acre lot has +-210 feet of shoreline and good views looking down Fall Lake to the north and west. A high flat ledge outcropping gives good views down Fall Lake to the east. The lot is nicely wooded with birch, maple, spruce and balsam. Accessible rocky shoreline. Level from the road to possible building sites. The parcel has been surveyed, has power at the property edge and has been approved for septic. Close to Ely, yet out in the wilds. Direct access to the BWCA, as well as being a short drive to other diverse lakes along the Fernberg Road.

Last Agent to Sell the Property

Don Stocks

Wildwoods Land Company Listed on: 11/25/2024

Co-Listed By

Chris Eilrich

Wildwoods Land Company

Last Buyer's Agent

Don Stocks

Wildwoods Land Company Listed on: 11/25/2024

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,284

Lot Details

  • 2.6 Acre Lot
  • Lot Dimensions are 118 x 522 x 210 x 640
  • Private Waterfront
  • 210 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

$1,284

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: 82692.31
  • RdBtwnWtrfrnt: No
  • Road Maintenance: Association
  • ShorelineCharacteristics: Rocky
  • Property Sub-Type: Recreational
  • 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: 210
  • 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: 118 x 522 x 210 x 640
  • Estimated Number of Acres: 2.6
  • 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: 1284

Range of Values:

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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
09/11/2025 09/11/25 Sold $215,000 -13.7% --
07/16/2025 07/16/25 Pending -- -- --
11/25/2024 11/25/24 For Sale $249,000 -- --
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Don Stocks

    Seller's Agent in 2025

    Don Stocks

    Wildwoods Land Company

    (218) 340-1353

    108 Total Sales

    Don Stocks
    Section Image

  • C

    Seller Co-Listing Agent in 2025

    Chris Eilrich

    Wildwoods Land Company

    (218) 343-6169

    150 Total Sales

    Chris Eilrich
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6117109

Minnesota Lake County Ely 55731

XXX4 Powerhouse Trail, Ely, MN

This home is located at XXX4 Powerhouse Trail, Ely, MN 55731 and is currently priced at $215,000. XXX4 Powerhouse Trail is a home located in Lake County with nearby schools including William Kelley Elementary School and William Kelley High School.

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