Affordable home base near Johnson Lake and Elwood Reservoir. This property offers the kind of setup buyers actually need: a place to sleep, cook, gather, store gear, and park the boat, trailer, RV, or lake toys without lake house prices. For local buyers, it also offers a practical full-time option in Elwood with two bedrooms, one bathroom, a generous kitchen, pellet stove, Main Street convenience, and a large lot with useful outdoor space. The basement adds storage now and could be finished for even more space and utility. Outside, whether youâ??re a sunrise or sunset person, enjoy them all from the raised deck on the south side of the house. Whether youâ??re looking for a weekend landing spot for lake season, a recreation property, or an affordable year-round home, this property gives you flexibility, location, and value.

Elwood is located in Nebraska. Elwood, Nebraska has a population of 596. Elwood is more family-centric than the surrounding county with 25.95% of the households containing married families with children. The county average for households married with children is 22.14%.
The median household income in Elwood, Nebraska is $66,048. The median household income for the surrounding county is $69,886 compared to the national median of $69,021. The median age of people living in Elwood is 51.4 years.
The average high temperature in July is 87 degrees, with an average low temperature in January of 13.8 degrees. The average rainfall is approximately 23.8 inches per year, with 24.2 inches of snow per year.