Is there wildlife in Ely, MN?

As of early 2026, 93% of users say there's wildlife

Do kids play outside in Ely, MN?

As of early 2026, 90% of users say kids play outside

Is a car needed in Ely, MN?

As of early 2026, 89% of users say car is needed

Is parking easy in Ely, MN?

As of early 2026, 88% of users say parking is easy

As of early 2026, 86% of users say it's quiet

Are yards well-kept in Ely, MN?

As of early 2026, 83% of users say yards are well-kept

Is Ely, MN dog-friendly?

As of early 2026, 83% of users say it's dog friendly

Does Ely, MN show holiday spirit?

As of early 2026, 80% of users say there's holiday spirit

Would people walk alone at night in Ely, MN?

As of early 2026, 78% of users say people would walk alone at night

Is Ely, MN walkable to restaurants?

As of early 2026, 77% of users say it's walkable to restaurants

Does Ely, MN have sidewalks?

As of early 2026, 75% of users say there are sidewalks

Are the streets well-lit in Ely, MN?

As of early 2026, 73% of users say streets are well-lit

Are neighbors friendly in Ely, MN?

As of early 2026, 72% of users say neighbors are friendly

Is Ely, MN walkable to grocery stores?

As of early 2026, 69% of users say it's walkable to grocery stores

Are there community events in Ely, MN?

As of early 2026, 45% of users say there are community events

Do residents of Ely, MN plan to stay at least 5 years?

As of early 2026, 36% of users say they plan to stay for at least 5 years

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.

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 $2,157/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

$2K (+0.7%)

Since last year

$122K (-27.4%)

Since last sale

$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

Month	Estimated value
2026
October 2026	$323K
September 2026	$322K
August 2026	$321K
2025
August 2025	$446K
2024
October 2024	$467K
September 2024	$549K

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 18 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

Date	Event	Price
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
Oct 6, 2024 Source: Range AOR #147390	PriceChange	$490,000 Price decreased by 11%
Sep 4, 2024 Source: Range AOR #147390	Listed For Sale	$549,000

Additional Cost

Market trends in Ely

Last updated September 2026

Avg. sale price

—

Sale-to-List Price

—

Price per sq ft

—

Available listings

100

3MoM

Sourced by Trulia Market Trends

Around this home

Tower-Soudan Elementary School
PK-6
Public
95 Students
St. Louis County School District
5/10
GreatSchools Rating
Parent Rating Average
This school encourages and gets full interaction of parents, students and the community.
Other Review
15y ago
1 Reviews

View nearby schools on GreatSchools

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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
Resident
2y ago
"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
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Derek H.
Resident
6y ago
"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.
Resident
6y ago
"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.
Resident
6y ago
"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
Resident
7y ago
"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.
Resident
8y ago
"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 2026-10-14 11:52:10 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.

Apartments for Rent

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Off Market Homes Near 5262 S Ely Island

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SOLD
SEP 30, 2026
$162,000
2 bd
1.5 ba
884 sqft
206 N 3rd St,
Tower, MN 55790
Sherry Anderson, Vermilion Land Office, Inc
SOLD
SEP 29, 2026
$175,000
3 bd
1.5 ba
1,392 sqft
707 Main St,
Tower, MN 55790
Tim Collelo, Tim Collelo Realty, LLC
SOLD
SEP 29, 2026
$449,500
2 bd
1 ba
825 sqft
5250 Mud Creek Rd,
Ely, MN 55731
Janisch Realty, Inc
SOLD
SEP 29, 2026
$449,500
2 bd
1 ba
825 sqft
5250 Mud Creek Rd,
Tower, MN 55790
Lisa Janisch, Janisch Realty Inc.
SOLD
SEP 25, 2026
$317,900
8 bd
4 ba
4,464 sqft
605 Main St,
Tower, MN 55790
Anchor Realty
SOLD
SEP 11, 2026
$233,000
3 bd
1.5 ba
1,659 sqft
506 2nd St S,
Tower, MN 55790
Lisa Janisch, Janisch Realty Inc.
SOLD
SEP 11, 2026
$210,000
2 bd
647 sqft
5372 S Ely Island,
Tower, MN 55790
Sherry Anderson, Vermilion Land Office, Inc
SOLD
AUG 14, 2026
$192,000
1 bd
1.5 ba
1,312 sqft
50 Main St,
Soudan, MN 55782
Z'Up North Realty, Inc.
SOLD
AUG 7, 2026
$164,000
3 bd
1 ba
972 sqft
13 4th Ave,
Soudan, MN 55782
Sherry Anderson, Vermilion Land Office, Inc
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Tower
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Homes for sale near 5262 S Ely Island

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2.14 ACRES
$275,000
2 bd
426 sqft
5298 Long Island,
Tower, MN 55790
Andrea Zupancich, Z' Up North Realty
16.5 ACRES
$359,000
240 sqft
5441 N Ely Island,
Tower, MN 55790
Barb Hegg, Vermilion Land Office, Inc
1.23 ACRES
$599,900
3 bd
1.5 ba
1,222 sqft
1599 McKinley Park Rd,
Tower, MN 55790
Northwoods Land Office, Inc
1.84 ACRES
$695,000
2 bd
2 ba
2,396 sqft
1597 McKinley Park Acres Rd,
Tower, MN 55790
Northwoods Land Office, Inc
85 ACRES
$749,000
2 bd
1.5 ba
2,008 sqft
5497 N Pine Island,
Tower, MN 55790
Lisa Janisch, Janisch Realty Inc.
0.3 ACRES
$249,900
4 bd
2.5 ba
1,838 sqft
35 Jasper St,
Soudan, MN 55782
Moe Mossa, Savvy Avenue, LLC
$134,900
4 bd
1 ba
1,122 sqft
49 Gordon St,
Soudan, MN 55782
Sherry Anderson, Vermilion Land Office, Inc
4.51 ACRES
$359,000
2 bd
1 ba
1,107 sqft
5399 Pine Is N,
Tower, MN 55790
eXp Realty
1.13 ACRES
$499,900
2 bd
1.5 ba
2,189 sqft
5758 Puncher Point Rd,
Tower, MN 55790
Greg Hoffman, Edina Realty, Inc. - Virginia
8.6 ACRES
$175,000
1 bd
290 sqft
4704 Hwy 169,
Ely, MN 55731
Julia Maki, B.I.C. Realty
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Tower
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