Sold
Last Sold Price
1,219,680 Lot Size28 Acres
tbd Loughery Rd, Babbitt, MN 55706
LandProperty Type
28 acresLot Size

Description

Aprox 28 acres of land located aprox 2.5 miles southwest of Bear Island Lake. This is SW of Ely, and NW of Babbitt. Bear Head Lake State Park is 2 miles to the north. Served by a good network of gravel roads, this parcel has a mix of high and low ground, and nice tree cover. There is a creek that flows through the property and also a beaver pond. Nice level building sites in a heavily forested area south of the beaver pond that will offer views of the pond! There is some gravel on part of the land...Aprox 28 acres of land located aprox 2.5 miles southwest of Bear Island Lake. This is SW of Ely, and NW of Babbitt. Bear Head Lake State Park is 2 miles to the north. Served by a good network of gravel roads, this parcel has a mix of high and low ground, and nice tree cover. There is a creek that flows through the property and also a beaver pond. Nice level building sites in a heavily forested area south of the beaver pond that will offer views of the pond! There is some gravel on part of the land that could be useful to the new buyer. Directly adjoins State of Minnesota lands to the north, providing access to many thousands of acres of state and county lands for great exploring and hunting! Seller has brought power into the area at great cost, and this parcel has the huge added benefit of underground power running through the SE corner of the property alongside the access road. Remote, but accessible, with power! Make this your headquarters for your northwoods getaway!
  • Listed by: Jeff Hway 218.349.0906 jeff@bearislandrealty.com • Bear Island Realty LLC
Listing closed: 09/16/2022 12:00 AM • Source: Lake Superior Area REALTORS as distributed by MLS GRID, MLS#: 6100286

Recent comparable sales

Median sold price

$57,500

Avg days on market

86

Sale-to-list ratio

93.6%

Babbitt, MN

9 comparable properties found

$42,500 | 21 Highway 21, Babbitt, MN 55706
1/6
1

$42,500

Sold 01/10/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
10.89
Acres
$54,000 | 21 Babbitt Mn 55706, Babbitt, MN 55706
1/75
2

$54,000

Sold 05/08/26

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
20
Acres
$67,000 | 21 North Babbitt Mn 55706, Babbitt, MN 55706
1/8
3

$67,000

Sold 04/15/26

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Bathrooms
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10
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4

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Sold 04/22/25

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Acres
$18,000 | 33-34 Basswood Creek, Babbitt, MN 55706
1/10
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Sold 10/29/24

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Square Feet
0.4
Acres
$52,000 | Tbd Elm Street, Babbitt, MN 55706
1/8
6

$52,000

Sold 02/10/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
26.65
Acres
$200,000 | Tbd Tbd Arthur Lake, Babbitt, MN 55706
7

$200,000

Sold 04/24/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
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Acres
8

$117,124

Sold 03/20/25

Unavailable
Bedrooms
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Bathrooms
22,504
Square Feet
8.13
Acres
9

$750,000

Sold 12/08/25

Unavailable
Bedrooms
Unavailable
Bathrooms
13,614
Square Feet
1.12
Acres

Location

Listing Courtesy of Bear Island Realty LLC

Sold By Bear Island Realty LLC

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Property Information for Tbd Loughery Road

Property Details
  • Taxes: $228 / year
  • MLS Type: Land / Recreational
  • Waterfront YN: No
Building Information
  • Lot Size: 28.00 AC
Summary
Location and General Information
  • Directions: From Hwy 21 N of Babbitt, take Ely-Virginia Rd approx. 1.7 miles to West Bear Island Lake Rd, turn North, go approx. 1 mile to unnamed gravel road on the left. Take this road for approx 2.9 miles staying left at an intersections. You will end up at a bigger intersection. Property on your right
  • Latitude: 48
  • Longitude: -92
  • MLSArea Major: LSAR
  • Road Frontage Type: Unpaved
School Information
  • High School District: St. Louis County #2142
Taxes and HOA
  • Association YN: No
  • Parcel Number: 625-0011-02500
  • Tax Annual Amount: $228.00
  • Tax Legal Description: Govt' Lot 4, Section 30, T61N, R13W
  • Tax Year: 2020
Property
Lot Information
  • Lot Features: Many Trees
  • Lot Size Acres: 28.0
  • Lot Size Dimensions: 1293' X 945'
Property and Assessments
  • Available Development Units: ***
  • Land Access: ***
  • Land Improvements: 0
  • Possession: Immediate
  • Property Sub Type: Recreational
  • Property Type: Land
Utilities
  • Utilities: Electricity Available
Agent
Agent Information
  • Listing Agent Primary Office: ***
Sale and Listing
  • Auction: No
  • Auction End Date: ***
  • LVTDate: 2021-10-20
  • 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 Tbd Loughery Road

DateEvent & SourcePriceAppreciation
Sep 16, 2022

Sold

Lake Superior Area REALTORS #6100286

$34,000
Jul 26, 2022

Pending

Lake Superior Area REALTORS #6100286

Mar 25, 2022

Off Market

Lake Superior Area REALTORS #6099838

$49,000
DateEvent & SourcePrice
09/16/2022

Sold

Lake Superior Area REALTORS #6100286

$34,000
07/26/2022

Pending

Lake Superior Area REALTORS #6100286

03/25/2022

Off Market

Lake Superior Area REALTORS #6099838

$49,000

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

Schools near Tbd Loughery 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
Babbitt 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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: Tbd Loughery Road, Babbitt, MN 55706
$34,000
1,219,680
$69,000
1,442,272
$50,000
1,328,580
$31,000
2
900
1,742,400
$49,900
3,484,800
$52,000
317,988

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.

Listing Courtesy of Bear Island Realty LLC

Based on information submitted to the MLS GRID as of 09/09/2025 03:42 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.