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Land for Sale in Elwood, Nebraska

Elwood Lake Dr, Elwood, NE 68937

$675,000
98 acres
Active sale
Est $5,326/mo

Positioned in what is arguably one of the most desirable locations in Gosper County, this exceptional 98± acre property offers a rare combination of productive agriculture, quality grazing pasture, livestock infrastructure, and premier recreational appeal directly across the road from the Elwood Reservoir boat ramp. Whether you are looking to expand your livestock operation, establish a backgrounding or feeding setup, or secure the ideal location for a dream home or cabin overlooking one of Nebraska's premier recreation destinations, this property delivers versatility and opportunity seldom found in today's market. The property features approximately 25± acres of productive cropland, currently planted to alfalfa, providing valuable forage production and income potential. Complementing the cropland are 73± acres of high-quality pasture, offering excellent grazing opportunities for cattle or livestock operations. Designed with livestock producers in mind, the improvements include a substantial 60' x 30' wood-frame, steel-sided building complete with a 20-foot open bay on the south side, providing functional storage, equipment protection, and operational flexibility. The property is further enhanced by 264 feet of concrete feed bunks, creating a practical setup to feed livestock, background calves, or support an expanding cattle enterprise. Beyond its agricultural value, the location is what truly sets this property apart. Situated directly across from Elwood Reservoir, the site offers immediate access to boating, fishing, and outdoor recreation while maintaining the privacy and space of rural Nebraska living. Opportunities to own property in this highly sought-after area are increasingly limited, making this an ideal setting for a legacy homesite, recreational retreat, or premier cabin location. Property Highlights ● 98± Total Acres ● 25± Acres of Cropland - Currently planted to alfalfa ● 73± Acres of Quality Pasture ● 60' x 30' Wood Frame / Steel-Sided Building ● 20' Open Bay on South Side ● 264' of Concrete Feed Bunks ● Excellent setup for feeding livestock or backgrounding calves ● Directly across the road from the Elwood Reservoir boat ramp ● Outstanding opportunity for a livestock expansion, dream home, or recreational retreat ● Premier Elwood Reservoir location in Gosper County, Nebraska This is a property that combines production, recreation, and location into one unique offering-an opportunity to own a premier piece of Gosper County real estate in the heart of Nebraska lake country.

Location

Street address
Elwood Lake Dr
Zip code
68937
Elevation
2,630 feet
Coordinates
40.6288, -99.8453

Directions

From Elwood, go 2.5 miles north on Highway 283, turn left onto Elwood Lake Dr., go .5 miles, and the property is on the north side of the road, just across the road from the boat ramp and marked with a sign.

Property details

Acreage
98 acres
MLS #
MyStateMLS 11831848
Posted

Parcels

  • 370017811

Details and features

Listing

Type
Vacant Land

Lot

View
Water

Listing history

DateEventPriceChangeSource
June 23, 2026New listing$675,000MyStateMLS
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This 98-acre property is located at Elwood Lake Dr in Elwood, NE 68937. The land is available for sale, priced at $675,000 — $6,888 per acre.

Listed by American Legacy Land Company, (308) 991-9544

Checked 3 hours agoUpdated

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