5262 S Ely Island, Tower, MN 55790
Property image
Property image
SOLD
AUG 14, 2026

$324,000

Trulia Estimate
  • 2 Beds
  • 624 sqft (on 39.25 acres)

5262 S Ely Island, Tower, MN 55790

Est. Refi. Payment $2,137/mo*
Refinance Your Home
Currently Off Market - Sold Aug 14, 2026 for $320,000 (29% below list price)

Home Value

Trulia Estimate
$324K
Since last month
Increased$2K (+0.7%)
Since last year
Decreased$122K (-27.4%)
Since last sale
Increased$3K (+1.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -41% in the last 10 years
MonthEstimated value
2026
October 2026$323K
September 2026$322K
August 2026$321K
2025
2024

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5372 S Ely Island, Tower, MN
0.50
Single-Family Home
$210,000
09/11/26
2
-
647
4891 Lake Vermilion N, Tower, MN
2.36
Single-Family Home
$229,000
07/24/26
2
-
1,219
50 Main St, Soudan, MN
2.36
Single-Family Home
$192,000
08/14/26
1
1.5
1,312
13 4th Ave, Soudan, MN
2.56
Single-Family Home
$164,000
08/07/26
3
1
972
34 2nd Ave, Soudan, MN
2.41
Single-Family Home
$85,000
07/09/26
4
1
896

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
5318 Ely Is S, Tower, MN 55790
0.15
$375,400
2
-
768
Off Market
5248 S Ely Island, Tower, MN 55790
0.16
$195,000
-
-
-
For Sale
Lot 13 Ely Is, Tower, MN 55790
0.17
-
-
-
-
Off Market
Lot 12 Ely Is, Tower, MN 55790
0.17
-
-
-
-
Off Market
Lot 11 Ely Is, Tower, MN 55790
0.17
-
-
-
-
Off Market
Lot 10 Ely Is, Tower, MN 55790
0.17
-
-
-
-
Off Market
Lot 9 Ely Is, Tower, MN 55790
0.17
-
-
-
-
Off Market
Ely Is, Tower, MN 55790
0.17
-
-
-
-
Off Market
Ely Is #7-8, Tower, MN 55790
0.17
-
-
-
-
Off Market
Ely Is #10-11, Tower, MN 55790
0.17
-
-
-
-
Off Market
Ely Is #3-4, Tower, MN 55790
0.17
-
-
-
-
Off Market
3 Ely Is #3, Tower, MN 55790
0.17
-
-
-
-
Off Market
4 Ely Is #4, Tower, MN 55790
0.17
-
-
-
-
Off Market
1 Ely Is #1, Tower, MN 55790
0.17
-
-
-
-
Off Market
5 Ely Is #5, Tower, MN 55790
0.17
-
-
-
-
Off Market
Parcel 4 Ely Is, Tower, MN 55790
0.17
-
-
-
-
Off Market
Parcel 3 Ely Is, Tower, MN 55790
0.17
-
-
-
-
Off Market
Parcel 5 Ely Is, Tower, MN 55790
0.17
-
-
-
-
Off Market
Parcel 1 Ely Is, Tower, MN 55790
0.17
-
-
-
-
Off Market
5302 Ely Is S, Tower, MN 55790
0.17
$352,400
2
-
1,120
Off Market

Local Information

  • Map ViewExplore the area around 5262 S Ely Island.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1950
39.25 acre lot
624 sqft
$513/sqft

About this House

What's unique:Wood floorsStone wood-burning fireplaceBreathtaking panoramic viewsVaulted ceilingUltimate privacy
Welcome to your Lake Vermilion Tranquil Island retreat. This charming rustic 2 bedroom log cabin situated on 39.25 acres with 3225 total feet of shoreline on both sides of Ely Island offers the ultimate privacy. The log cabin exudes timeless charm of a bygone era. The warm, inviting interior features a vaulted ceiling, stone wood- burning fireplace and wood floors. Enjoy breathtaking, panoramic views of the pristine waters. Island life provides endless opportunities for boating, fishing, kayaking, hiking and relaxing by the water's edge. Accessible only by boat, this log cabin is a gateway to a lifestyle of peace and adventure. Escape the crowds and immerse yourself in the natural beauty and quietude of beautiful Northern Minnesota!
5262 S Ely Island, Tower, MN 55790 is a 2 bedroom, 624 sqft single-family home built in 1950. It last sold for $320,000 on Aug 14, 2026 (29% below the $449,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $324,000, with a rent estimate of $1,241/month.
Last check for updates: about 16 hours ago
Listed by Sherry Anderson
Vermilion Land Office, Inc
Bought with: Sherry Anderson, Vermilion Land Office, Inc
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6121632

Home Details for 5262 S Ely Island

Interior Features

Interior Details
Basement: Posts,N/ANumber of Rooms: 4Types of Rooms: Bedroom, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 2Main Level Bedrooms: 1
Dimensions and Layout
Living Area: 624 Square FeetFoundation Area: 624
Appliances & Utilities
Appliances: Range, RefrigeratorRefrigerator
Heating & Cooling
Heating: Fireplace(s),WoodNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Fireplace S
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Wood BurningHas a Fireplace
Gas & Electric
Electric: Lake Country Power
Windows, Doors, Floors & Walls
Flooring: Hardwood Floors
Levels, Entrance, & Accessibility
Number of Stories: 1Floors: Hardwood Floors
View
Has a ViewView: Inland Lake, Bay

Exterior Features

Exterior Home Features
Roof: Asphalt ShinglePatio / Porch: DeckExterior: Dock
Parking & Garage
No CarportNo GarageNo Attached GarageParking: None,None
Frontage
WaterfrontWaterfront: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Rocky, Undeveloped, Shore-Accessible)Road Frontage: NoneResponsible for Road Maintenance: NoneOn Waterfront
Water & Sewer
Sewer: OuthouseWater Body: Vermilion
Farm & Range
Frontage Length: 3225
Finished Area
Finished Area (above surface): 624 Square Feet

Days on Market

Cumulative Days on Market: 671

Property Information

Year Built
Year Built: 1950
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Rustic
Building
Construction Materials: Log, Log Home
Property Information
Condition: Previously OwnedParcel Number: 270002001350

Price & Status

Price
List Price: $449,000Price Per Sqft: $513/sqft
Status Change & Dates
Off Market Date: Tue Jul 07 2026Possession Timing: Close Of Escrow

Active Status

MLS Status: SOLD

Location

Direction & Address
City: Tower
School Information
High School District: St. Louis County #2142

HOA

No HOA

Lot Information

Lot Area: 39.25 Acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 6121632Water ViewWater View: Lake, BayAttribution Contact: ***Above Grade Unfinished Area: 624

Price and Tax history

DateEventPrice
Aug 14, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6121632
Sold
$320,000
Jul 16, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6121632
Pending
$449,000
Apr 15, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6121632
Contingent
$449,000
Aug 29, 2025
Source: Range AOR #148939
Listed For Sale
$449,000
Aug 29, 2025
Source: Lake Superior Area Realtors as distributed by MLS GRID #6115912
ListingRemoved
$490,000

Market trends in Ely

Last updated September 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
100
3MoM
Sourced by Trulia Market Trends

Around this home

What Locals Say about Ely

This October

Trick-or-Treat Score

Built from what locals say about this neighborhood.
  • 80% say there's holiday spirit
  • 75% say there are sidewalks
  • 72% say neighbors are friendly
Trulia Trick or TreatStart Ghost Hunt
At least 8 Trulia users voted on each feature.

  • 93 % Say there's wildlife

  • 90 % Say kids play outside

  • 89 % Say car is needed

  • 88 % Say parking is easy

  • 86 % Say it's quiet

  • 83 % Say yards are well-kept

  • 83 % Say it's dog friendly

  • 80 % Say there's holiday spirit

  • 78 % Say people would walk alone at night

  • 77 % Say it's walkable to restaurants

  • 75 % Say there are sidewalks

  • 73 % Say streets are well-lit

  • 72 % Say neighbors are friendly

  • 69 % Say it's walkable to grocery stores

  • 45 % Say there are community events

  • 36 % Say they plan to stay for at least 5 years

Sourced by Trulia users. Learn more about our methodology.
  • Mavericksells
    "Ely is surrounded by forests and it’s a lovely, peaceful place to reside. There are wonderful restaurants, shops, a great movie theater and a variety of outdoor activities to choose from year round. "
    0
    Flag
  • Derek H.
    "Ely is located at the end of the road. No roads go to much further north due to the boundary waters canoe area which strictly prohibits dwellings or any man made structures. Ely can seem like a long way from anywhere at times and the community recognizes this and most willing are willing to help whoever and whenever the need may arise. We take care of our own and then some . "
    7
    Flag
  • Jennifer P.
    "Don't move here if you don't like being out in the woods. ppl on this town take care of each other. even if you're new. as long as you show you want to be part of Ely. "
    0
    Flag
  • Jennifer P.
    "as a new comer to ely try to get into activities around town, especially if you have younger children who are not school age. jobs are not always easy to find and though the cost of living is fairly low you do money can get tight quickly. ely is a nice town but it's hard on you too. more work for less. your kids are safe here but still know who you're talking to before hand."
    3
    Flag
  • Rvhall
    "There is no public transport in this neighborhood , but Arrowhead transport does run in town for a nominal fee and there are weekly trips to Virginia Mn."
    0
    Flag
  • Lora L.
    "We have cab service and in town bus service. It’s a 25 block walk from first place in town to last. Generally, the city park,police,fire,library dot,and shopping district are within 8 blocks from anywhere."
    0
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-10-15 00:02:08 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information

Frequently asked questions about 5262 S Ely Island

  • What is 5262 S Ely Island estimated to be worth?
    Trulia's estimated value for 5262 S Ely Island in Tower, MN is $324,000.
  • What is the price history for 5262 S Ely Island?
    5262 S Ely Island in Tower, MN last sold for $320,000 in August 2026.
  • Is Tower a buyer's or seller's market?
    Tower is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Tower?
    Residents describe Tower, MN as easy to park in, quiet, and well-kept. Most residents say you need a car. See recently sold homes in Tower, MN.
  • How big is the lot at 5262 S Ely Island?
    The lot at 5262 S Ely Island in Tower, MN is about 39.3 acres.
  • Does 5262 S Ely Island have parking?
    Yes, 5262 S Ely Island in Tower, MN has on-site parking.

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