5262 Ely Is S, Tower, MN 55790
Property image
Property image
PENDING
39.25 ACRES

5262 Ely Is S
Tower, MN 55790

  • 2 Beds
  • 624 sqft (on 39.25 acres)

$449,000

Est. Mortgage $2,769/mo*
Get Pre-Qualified

$449,000

Est. Mortgage $2,769/mo*
Get Pre-Qualified
2 Beds
624 sqft
(on 39.25 acres)

Home Highlights

Parking
None
Outdoor
Deck
Climate Control
Heating only
HOA
None
Price/Sqft
$720
Listed
180+ days ago

Local Information

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

About this House

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 Details for 5262 Ely Is S

Active Status

MLS Status: Pending

Interior Features

Interior Details
Basement: NoneNumber of Rooms: 4Types of Rooms: Bedroom, Bedroom 2, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 2
Dimensions and Layout
Living Area: 624 Square FeetFoundation Area: 624
Appliances & Utilities
Appliances: Range, RefrigeratorRefrigerator
Heating & Cooling
Heating: Wood StoveNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Wood Stove
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Wood Burning, Wood Burning StoveHas a Fireplace
Gas & Electric
Gas: Wood
Levels, Entrance, & Accessibility
Stories: 1Levels: OneAccessibility: None
View
Has a ViewView: Bay, Lake, North, South

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: Deck
Parking & Garage
No CarportNo GarageNo Attached GarageParking: None
Frontage
WaterfrontWaterfront: Lake Front, Lake Bottom(Rocky, Undeveloped)Road Frontage: NoneOn Waterfront
Water & Sewer
Sewer: Outhouse
Farm & Range
Frontage Length: Water Frontage: 3225
Finished Area
Finished Area (above surface): 624 Square Feet

Days on Market

Cumulative Days on Market: 712Days on Market: 180+

Property Information

Year Built
Year Built: 1950
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family
Building
Construction Materials: LogNot a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 270002001350

Price & Status

Price
List Price: $449,000Price Per Sqft: $720
Status Change & Dates
Off Market Date: Mon Aug 17 2026

Location

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

Agent Information

Listing Agent
Listing ID: 6780806

Building

Building Area
Building Area: 624 Square Feet

HOA

No HOAHOA Fee: No HOA Fee

Lot Information

Lot Area: 39.25 Acres

Offer

Contingencies: None

Miscellaneous

Mls Number: 6780806Water ViewWater View: Bay, LakeAbove Grade Unfinished Area: 624
Last check for updates: about 1 hour ago
Listing courtesy of Sherry Anderson, (218) 780-1071
Vermilion Land Office, Inc.
Source: NorthstarMLS as distributed by MLS GRID, MLS#6780806
Also Listed on NorthstarMLS as distributed by MLS GRID.

Market trends in Ely

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
98
2MoM

Price and Tax history

DateEventPrice
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
Oct 6, 2024
Source: Range AOR #147390
PriceChange
$490,000
Price decreased by 11%

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Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

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
5322 S Ely Island, Tower, MN
0.18
Single-Family Home
$190,000
09/02/25
1
-
434
4891 Lake Vermilion N, Tower, MN
2.35
Single-Family Home
$229,000
07/24/26
2
-
1,219
65 Main St, Soudan, MN
2.38
Single-Family Home
$40,000
10/17/25
3
1
1,152
34 2nd Ave, Soudan, MN
2.42
Single-Family Home
$85,000
07/09/26
4
1
896
13 4th Ave, Soudan, MN
2.57
Single-Family Home
$164,000
08/07/26
3
1
972
10 Jasper St, Soudan, MN
2.33
Single-Family Home
$75,000
07/31/26
3
1.5
25

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
5248 S Ely Island, Tower, MN 55790
0.17
$195,000
-
-
-
For Sale
5322 S Ely Island, Tower, MN 55790
0.18
$193,700
1
-
434
Off Market
5368 S Ely Island, Tower, MN 55790
0.49
$342,600
2
0.5
862
Off Market
5372 S Ely Island, Tower, MN 55790
0.50
$230,000
2
-
647
For Sale
5397 N Ely Island, Tower, MN 55790
0.69
-
-
-
-
Off Market
5167 Lake Vermilion Island, Soudan, MN 55782
0.87
$530,300
2
-
624
Off Market
5441 N Ely Island, Tower, MN 55790
0.93
$359,000
Studio
-
240
For Sale
5228 Soderberg Ln, Tower, MN 55790
0.92
$1,304,100
3
2
2,552
Off Market
5298 Long Island, Tower, MN 55790
0.97
$275,000
2
-
426
For Sale
TBD JB Island, Tower, MN 55790
1.15
-
-
-
-
Off Market
TBD S Ely Island, Tower, MN 55790
1.42
-
-
-
-
Off Market

Around this home

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 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

Frequently asked questions about 5262 Ely Is S

  • What is the estimated monthly payment for 5262 Ely Is S?
    Based on a $449,000 list price with 20% down at today's rates, the estimated monthly payment for 5262 Ely Is S in Tower, MN is approximately $2,827 (about $2,352 principal & interest, $400 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • 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 homes for sale in Tower, MN.
  • What are the closest schools to 5262 Ely Is S?
    The closest schools to 5262 Ely Is S in Tower, MN are Northeast Range Secondary (Middle/High, rated 6/10), Tower-Soudan Elementary School (Pre-K, rated 5/10).
  • How big is the lot at 5262 Ely Is S?
    The lot at 5262 Ely Is S in Tower, MN is about 39.3 acres.
Sherry Anderson, Vermilion Land Office, Inc.
Agent Phone: (218) 780-1071
Based on information submitted to the MLS GRID as of 2026-08-17 14:38:30 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
By searching NorthstarMLS listings you agree to the NorthstarMLS End User License Agreement
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 NorthstarMLS as distributed by MLS GRID on Aug 29, 2025. The MLS # for this home is MLS# 6780806.