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 the estimated monthly payment for 5262 S Ely Island?

Based on a $449,000 list price with 20% down at today's rates, the estimated monthly payment for 5262 S Ely Island in Tower, MN is approximately $2,825 (about $2,350 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 S Ely Island?

The closest schools to 5262 S Ely Island 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 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.

PENDING

39.25 ACRES

5262 S Ely Island
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

Outdoor

Deck

Climate Control

Heating only

Price/Sqft

$720

Listed

180+ days ago

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

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 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: 671Days 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 Off Market Date: Tue Jul 07 2026Possession Timing: Close Of Escrow

Active Status
MLS Status: PENDING

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: 6121632Projected Close Date: Sat Aug 15 2026Water ViewWater View: Lake, BayAttribution Contact: ***Above Grade Unfinished Area: 624

Last check for updates: about 14 hours 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.

Market trends in Ely

Last updated July 2026

Avg. sale price

—

Sale-to-List Price

—

Price per sq ft

—

Available listings

2MoM

Price and Tax history

Date	Event	Price
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

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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	0.19	Single-Family Home	$190,000	09/02/25	1	-	434
4891 Lake Vermilion N, Tower, MN	2.36	Single-Family Home	$229,000	07/24/26	2	-	1,219
65 Main St, Soudan, MN	2.37	Single-Family Home	$40,000	10/17/25	3	1	1,152
34 2nd Ave, Soudan, MN	2.41	Single-Family Home	$85,000	07/09/26	4	1	896
10 Jasper St, Soudan, MN	2.32	Single-Family Home	$75,000	07/31/26	3	1.5	25
25 4th Ave, Angora, MN	2.48	Single-Family Home	$112,000	02/20/26	2	1	850

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	0.16	$195,000	-	-	-	For Sale
5322 S Ely Island, Tower, MN 55790	0.19	$193,700	1	-	434	Off Market
5368 S Ely Island, Tower, MN 55790	0.50	$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	0.70	-	-	-	-	Off Market
5167 Lake Vermilion Island, Soudan, MN 55782	0.86	$530,300	2	-	624	Off Market
5228 Soderberg Ln, Tower, MN 55790	0.91	$1,304,100	3	2	2,552	Off Market
5298 Long Island, Tower, MN 55790	0.97	$275,000	2	-	426	For Sale
5441 N Ely Island, Tower, MN 55790	0.94	$359,000	Studio	-	240	For Sale
TBD JB Island, Tower, MN 55790	1.15	-	-	-	-	Off Market
TBD S Ely Island, Tower, MN 55790	1.42	-	-	-	-	Off Market

Additional Cost

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

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
1y 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
6y 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
7y 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
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LGBTQ Local Legal Protections

Frequently asked questions about 5262 S Ely Island

What is the estimated monthly payment for 5262 S Ely Island?
Based on a $449,000 list price with 20% down at today's rates, the estimated monthly payment for 5262 S Ely Island in Tower, MN is approximately $2,825 (about $2,350 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 S Ely Island?
The closest schools to 5262 S Ely Island 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 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.

Sherry Anderson, Vermilion Land Office, Inc

Based on information submitted to the MLS GRID as of 2026-08-16 20:07:16 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 S Ely Island, 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.

5262 S Ely Island
Tower, MN 55790

$449,000