Last Sold Price
261,360 Lot Size6 Acres
740 Halfway Rd, Ely, MN 55731

Description

Enjoy spectacular west facing views of a quiet bay on Birch Lake from the elevated build site of this spacious wooded property! Nature lover enthusiasts will appreciate the privacy of this 6 acre lot with 1,300 feet of lakeshore and public land to the north. Building your dream cabin or year round home will be fast tracked with the onsite improvements including driveway, build site, 3 bedroom compliant septic system, electricity, path to the lake and a permanent dock. Birch Lake is over 20 miles...Enjoy spectacular west facing views of a quiet bay on Birch Lake from the elevated build site of this spacious wooded property! Nature lover enthusiasts will appreciate the privacy of this 6 acre lot with 1,300 feet of lakeshore and public land to the north. Building your dream cabin or year round home will be fast tracked with the onsite improvements including driveway, build site, 3 bedroom compliant septic system, electricity, path to the lake and a permanent dock. Birch Lake is over 20 miles long and known as a top walleye fishing lake in the area. Private road. No drive-bys.
LISTING CLOSED: 07/11/2025 12:00 AM

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

Property Details for 740 Halfway Road

Status
MLS #
6119189
Days on Compass
41
Taxes
$1,254 / year
HOA Fees
$350 / year
Condo/Co-op Fees
-
Property Type
MLS Type
Land / Recreational
Year Built
-
Lot Size
6.00 AC
View
Inland Lake
Waterfront Features
Inland Lake
Waterfront YN
Yes

Recent comparable sales

Median sold price

$217,000

Avg days on market

151

Sale-to-list ratio

93.1%

Ely, MN

9 comparable properties found

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1

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Bedrooms
Unavailable
Bathrooms
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Square Feet
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Acres
$300,000 | Xxx6 Xxx6 Powerhouse Trail, Ely, MN 55731
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$275,000 | Xxx Burntside Lake Road, Ely, MN 55731
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$325,000 | 1361 Peninsula Road, Ely, MN 55731
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$246,000 | 5 Fernberg Road, Ely, MN 55731
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Acres
$217,000 | 1950 Haapala Road, Ely, MN 55731
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Acres
$108,000 | Tbd Kawishiwi Trail, Ely, MN 55731
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$108,000

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Bedrooms
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Bathrooms
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Acres
$215,000 | Xxx4 Xxx4 Powerhouse Trail, Ely, MN 55731
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Sold 09/11/25

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Bedrooms
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Bathrooms
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Acres
$212,000 | Xxx8 Xxx8 Powerhouse Trail, Ely, MN 55731
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Sold 01/22/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
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Acres

Location

Listing Courtesy of Bear Island Realty LLC

Sold By Bear Island Realty LLC

Add your commute

Building Information for 740 Halfway Road

Lot Size6.00 AC

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$1,659 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,525

Property Taxes

$105

HOA Dues

$29

The Payment Calculator is for illustrative purposes only.

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Property Information for 740 Halfway Road

Summary
Location and General Information
  • Directions: From Ely, travel south on Hwy 1 for approximately 10.5 miles. Turn left on Halfway Rd and continue 1.8 mile to the property.
  • Latitude: 48
  • Longitude: -92
  • Range: 11
  • Road Between Waterfront And Home: No
  • Shoreline Characteristics: Shore-Accessible,Elevation-Low,Elevation-High
  • Waterfront Access: Private
  • Waterfrontage Feet: 1300
  • MLSArea Major: LSAR
  • Road Frontage Type: Unpaved, Private Road
  • Road Responsibility: Association Maintained Road, Year Round
  • Township: Fall Lake township (Lake County)
  • Zoning Description: Residential
Parking
  • Parking Features: Gravel
School Information
  • High School District: Lake Superior #381
Taxes and HOA
  • Association Fee: $350.00
  • Association Fee Frequency: Yearly
  • Association Fee Includes: Other
  • Association YN: Yes
  • Twp Number: 62
  • Parcel Number: 28-6211-27380
  • Tax Annual Amount: $1,254.00
  • Tax Legal Description: Nly 375 ft. of Gov't Lot 4, Sec. 27, T62, R11
  • Tax Year: 2025
Property
Lot Information
  • Lot Features: Accessible Shoreline, Irregular Lot, Many Trees, High
  • Lot Size Acres: 6.0
  • Lot Size Dimensions: Irregular
Property and Assessments
  • Development Status: Raw Land
  • Available Development Units: ***
  • Improvements: Dock
  • Land Access: ***
  • Land Improvements: 1
  • Property Adjoins Public Land: Yes
  • Possession: Immediate
  • Property Sub Type: Recreational
  • Property Type: Land
  • Public Survey Section: 27
Utilities
  • On Site Utilities: Electric,Private Septic
  • Utilities: Electricity Available, Natural Gas Available, Private Septic Available, Private Well Available
  • Water Body Name: Birch
Agent
Agent Information
  • Listing Agent Primary Office: ***
Sale and Listing
  • Auction: No
  • Auction End Date: ***
  • LVTDate: 2025-05-09
  • 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 740 Halfway Road

DateEvent & SourcePriceAppreciation
Jul 11, 2025

Sold

Lake Superior Area REALTORS #6119189

$300,000
Jul 9, 2025

Sold (Public Record)

Public Record #1906012467

$300,000
Jun 19, 2025

Pending

Lake Superior Area REALTORS #6119189

DateEvent & SourcePrice
07/11/2025

Sold

Lake Superior Area REALTORS #6119189

$300,000
07/09/2025

Sold (Public Record)

Public Record #1906012467

$300,000
06/19/2025

Pending

Lake Superior Area REALTORS #6119189

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

Public Records for 740 Halfway Road

Taxable ValueLand$242,700Additions$29,600Total$272,300
Tax Record2025$1,254 ($104 / month)
Home Facts
Beds0Lot Size261,360 SqFtStyleSingle Family ResidenceCountyLAKEAPN28-6211-27380

Schools near 740 Halfway Road

This home is within Lake Superior Public School Dist..
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Rating
School
Distance
William Kelley Elementary School
PublicPK to 5

Kelley Secondary
Public6 to 12

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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 740 Halfway Road, Ely, MN 55731
$300,000
261,360
$145,000
261,360
1
0.75
884
187,308
1
1
806
453,024
914,760
2
560
871,200

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 07/11/2025 08:02 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.