Last Sold Price
145,926 Lot Size3.35 Acres
1361 Peninsula Rd, Ely, MN 55731

Description

SPECTACULAR 3+ acre lake lot on highly sought after Eagles Nest 2 with 350' of fabulous shoreline! Amazing views of the crystal clear water are breathtaking from the elevated ledge rock build site. Towering pines and beautiful cedars at the water's edge create a quiet, private setting for your dream cabin or year round home. Stroll down an established path to enjoy the south facing shoreline. A level area near the water is perfect for gathering around a firepit or enjoying a book in a hammock. Don't...SPECTACULAR 3+ acre lake lot on highly sought after Eagles Nest 2 with 350' of fabulous shoreline! Amazing views of the crystal clear water are breathtaking from the elevated ledge rock build site. Towering pines and beautiful cedars at the water's edge create a quiet, private setting for your dream cabin or year round home. Stroll down an established path to enjoy the south facing shoreline. A level area near the water is perfect for gathering around a firepit or enjoying a book in a hammock. Don't miss this amazing opportunity!
LISTING CLOSED: 08/21/2025 12:00 AM

  1. Listed by Connie Coughlin • Bear Island Realty LLC
    P: (218) 235-8289 connie@bearislandrealty.com

Property Details for 1361 Peninsula Road

Status
MLS #
6120387
Days on Compass
6
Taxes
$2,376 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Land / Recreational
Year Built
-
Lot Size
3.35 AC
View
Inland Lake
Waterfront Features
Inland Lake
Waterfront YN
Yes

Recent comparable sales

Median sold price

$217,000

Avg days on market

104

Sale-to-list ratio

94.1%

Ely, MN

9 comparable properties found

$300,000 | Xxx6 Xxx6 Powerhouse Trail, Ely, MN 55731
1/13
1

$300,000

Sold 01/22/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.1
Acres
$300,000 | 740 Halfway Road, Ely, MN 55731
1/46
2

$300,000

Sold 07/11/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
6
Acres
$275,000 | Xxx Burntside Lake Road, Ely, MN 55731
1/28
3

$275,000

Sold 10/09/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.5
Acres
$133,000 | Tbd Tbd Migisi Road, Ely, MN 55731
1/36
4

$133,000

Sold 09/04/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
4.15
Acres
$246,000 | 5 Fernberg Road, Ely, MN 55731
1/12
5

$246,000

Sold 08/15/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.4
Acres
$79,900 | 3596 East Lake 4 Road, Ely, MN 55731
1/38
6

$79,900

Sold 07/11/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
5
Acres
$217,000 | 1950 Haapala Road, Ely, MN 55731
1/11
7

$217,000

Sold 04/16/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
16.5
Acres
$215,000 | Xxx4 Xxx4 Powerhouse Trail, Ely, MN 55731
1/15
8

$215,000

Sold 09/11/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.6
Acres
$212,000 | Xxx8 Xxx8 Powerhouse Trail, Ely, MN 55731
1/13
9

$212,000

Sold 01/22/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
3.1
Acres

Location

Listing Courtesy of Bear Island Realty LLC

Sold By Move it Real Estate Group/Lakehomes.com

Add your commute

Building Information for 1361 Peninsula Road

Lot Size3.35 AC

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$1,850 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,652

Property Taxes

$198

HOA Dues

$0

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Property Information for 1361 Peninsula Road

Summary
Location and General Information
  • Directions: From Ely travel west on Hwy 169 approximately 13 miles to Trygg Road. Turn left and follow for 1.7 miles to Peninsula Road. Turn left and follow to the property on the right.
  • Latitude: 48
  • Longitude: -92
  • Road Between Waterfront And Home: No
  • Shoreline Characteristics: Gravel,Shore-Accessible,Elevation-High
  • Waterfront Access: Private
  • Waterfrontage Feet: 350
  • MLSArea Major: LSAR
  • Township: Eagles Nest township (St. Louis County)
Parking
  • Parking Features: Gravel
School Information
  • High School District: St. Louis County #2142
Taxes and HOA
  • Association YN: No
  • Parcel Number: 317-0230-00230
  • Tax Annual Amount: $2,376.00
  • Tax Legal Description: West Eagles Nest Shores of Eagles Nest, Lot 0023, Block 000
  • Tax Year: 2025
Property
Lot Information
  • Lot Features: Accessible Shoreline, Many Trees, High, Rolling Slope
  • Lot Size Acres: 3.35
  • Lot Size Dimensions: 100' x 665' x 350' x 890'
Property and Assessments
  • Development Status: Raw Land
  • Available Development Units: ***
  • Improvements: Survey Stakes
  • Land Access: ***
  • Land Improvements: 1
  • Possession: Immediate
  • Property Sub Type: Recreational
  • Property Type: Land
Utilities
  • On Site Utilities: Electric,Private Septic,Private Well
  • Water Body Name: Eagles Nest 2
Agent
Agent Information
  • Listing Agent Primary Office: ***
Sale and Listing
  • Auction: No
  • Auction End Date: ***
  • LVTDate: 2025-06-27
  • Management Company: ***
  • Management Company Phone Email: ***
  • Power Company: Lake Country Power
  • Transaction Type: For Sale
Rental
Rent Information
  • Leased Land: Owned
  • Lender Owned: No

Property History for 1361 Peninsula Road

DateEvent & SourcePriceAppreciation
Aug 21, 2025

Sold

Lake Superior Area REALTORS #6120387

$325,000
Jul 2, 2025

Pending

Lake Superior Area REALTORS #6120387

Jun 26, 2025

Listed (Active)

Lake Superior Area REALTORS #6120387

$325,000
DateEvent & SourcePrice
08/21/2025

Sold

Lake Superior Area REALTORS #6120387

$325,000
07/02/2025

Pending

Lake Superior Area REALTORS #6120387

06/26/2025

Listed (Active)

Lake Superior Area REALTORS #6120387

$325,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1361 Peninsula Road

This home is within St. Louis County School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Public - 7 to 12
Public - PK to 6
Rating
School
Distance
Tower-Soudan Elementary School
PublicPK to 6

Northeast Range Secondary
Public7 to 12

North Woods Secondary
Public7 to 12

Cherry Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1361 Peninsula Road, Ely, MN 55731
$325,000
145,926
2
1
1,176
157,967
$497,000
2
1.5
884
230,091
$675,000
3
1.75
2,497
217,800
4
2.5
2,004
58,230
1.5
1,120
121,098

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Bear Island Realty LLC

Based on information submitted to the MLS GRID as of 09/09/2025 03:45 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.