5262 Ely Is S, Tower, MN 55790
UNDER CONTRACT
39.25 ACRES

5262 Ely Is S
Tower, MN 55790

  • 2 Beds
  • 624 sqft (on 39.25 acres)

$449,000

Est. Mortgage $2,696/mo*
Get Pre-Qualified

$449,000

Est. Mortgage $2,696/mo*
Get Pre-Qualified
2 Beds
624 sqft
(on 39.25 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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!

Home Highlights

Parking
No Info
Outdoor
Deck
A/C
Heating only
HOA
None
Price/Sqft
$720
Listed
180+ days ago

Home Details for 5262 Ely Is S

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: 588Days on Market: 180+

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: $720
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: INSPECTION CONT (MN)

Location

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

Agent Information

Listing Agent
Listing ID: 6121632

HOA

No HOA

Lot Information

Lot Area: 39.25 Acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 6121632Zillow Contingency Status: Under ContractWater ViewWater View: Lake, BayAttribution Contact: ***Above Grade Unfinished Area: 624
Last check for updates: about 1 hour ago
Listing courtesy of Sherry Anderson
Vermilion Land Office, Inc
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6121632
Also Listed on NorthstarMLS as distributed by MLS GRID, NorthstarMLS as distributed by MLS GRID, Lake Superior Area Realtors as distributed by MLS GRID.

Price History for 5262 Ely Is S

DatePriceEventSource
04/15/2026$449,000ContingentLake Superior Area Realtors as distributed by MLS GRID #6121632
08/29/2025$449,000Listed For SaleRange AOR #148939
08/29/2025$490,000ListingRemovedLake Superior Area Realtors as distributed by MLS GRID #6115912
10/06/2024$490,000PriceChange
Range AOR #147390
09/04/2024$549,000Listed For SaleRange AOR #147390

Similar Homes You May Like

Skip to last item
Skip to first item

New Listings near 5262 Ely Is S

Skip to last item
Skip to first item

Comparable Sales for 5262 Ely Is S

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5322 Ely Is S, Tower, MN
0.19
Single-Family Home
$190,000
09/02/25
1
-
434
65 Main St, Soudan, MN
2.37
Single-Family Home
$40,000
10/17/25
3
1
1,152
5327 Pine Is N, Tower, MN
2.70
Single-Family Home
$10,000
07/03/25
2
1
823
5313 Pine Is N, Tower, MN
2.67
Single-Family Home
$157,000
05/21/25
3
0.5
938
20 South St, Soudan, MN
2.71
Single-Family Home
$199,500
07/31/25
3
2
1,125
25 4th Ave, Angora, MN
2.48
Single-Family Home
$112,000
02/20/26
2
1
850

Assigned Schools

These are the assigned schools for 5262 Ely Is S.

What Locals Say about Ely

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 it's walkable to grocery stores

  • 75 % Say there are sidewalks

  • 73 % Say streets are well-lit

  • 72 % Say neighbors are friendly

  • 45 % Say there are community events

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

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

Sherry Anderson, Vermilion Land Office, Inc
Based on information submitted to the MLS GRID as of 2026-05-16 04:12:23 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
5262 Ely Is S, Tower, MN 55790 is a 2 bedroom, 624 sqft single-family home built in 1950. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on Aug 29, 2025. The MLS # for this home is MLS# 6121632.