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    Ely, MN Recreation Land for Sale

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    Babbitt, MN Soudan, MN Tower, MN
    Fall Lake Waterfront Homesite
    $347,000
    2.80 Acres

    Fall Lake Waterfront Homesite

    Ely, MN 55731

    2.8 acres with 205 ft shoreline on Fall Lake.

    • 205 Ft Excellent Swimming Shoreline on Fall Lake
    • Direct Boat Access to the Boundary Waters Canoe Area (BWCA)
    • Private 2.8 Wooded Acres
    • Well Maintained Year Round Road Access
    • Walking Distance to Kawishiwi Falls
    Updated: Apr 30
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    Burntside Lake Waterfront Acreage
    $945,000
    5.30 Acres

    Burntside Lake Waterfront Acreage

    TBD Waters Island, Ely, MN 55731

    Spectacular 5-acre parcel on Burntside Lake's Waters Island.

    • 5‑acre parcel on Waters Island, Burntside Lake's largest island.
    • South and west facing exposure with breathtaking views of the Boundary Waters.
    • Pristine and totally private setting.
    • Secluded bay for swimming and sheltered boat mooring.
    • Easily accessible level building sites among Norway pines.
    Updated: Sep 6, 2025
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    Burntside Lake 5-Acre Island Parcel
    $945,000
    5.30 Acres

    Burntside Lake 5-Acre Island Parcel

    Spectacular Burntside Lake property with south and west facing exposure.

    Tbd Waters Island, Ely, MN 55731
    View details
    Based on your search, we've compiled 3 Potential Opportunities for your consideration. Besides 3 Active listings in Ely, MN, we suggest exploring several alternatives:

    Ely, MN Recreation Land Investment Opportunities Market Analysis

    Explore 3 recreation land for sale in Ely, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $2,237,000.

    Sale prices for recreation land in Ely, MN start at $347,000, averaging $745,666, and reaching up to $945,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Operating Costs & Financing

    Ely property taxes are below the county average by 1.02 percentage points. Average Loan-to-Value is 65.0%.

    Effective Property Tax $11.67 per sq ft
    Tax Rate (average for all types) 1.56%
    Tax Rate vs County Average 1.02 pp below county avg
    Avg Loan-to-Value 65.0%

    New Listings Trend, 12 Mo

    Number of new listings by month over the past year in Ely.

    Leading Commercial Asset Segments

    Waterfront Land 4
    Recreation land 3
    Residential land & home lots 3

    Ely Demographics Overview

    Population 5,292
    Population Growth (5Y) -10.5%
    Median Household Income $62,900
    College Educated 54.0%

    Top Neighborhoods for Investment

    Discover the areas of Ely with the highest concentration of for-sale assets and compare their average market prices.

    Neighborhood Price Range Average Price
    55731 $42K - 945K $157.1K

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