5322 S Ely Island, Tower, MN 55790
Property image
Property image
OFF MARKET

$194,200

Trulia Estimate
  • 1 Bed
  • 434 sqft (on 9.74 acres)

5322 S Ely Island, Tower, MN 55790

Est. Refi. Payment $1,299/mo*
Refinance Your Home
Currently Off Market - Sold Sep 2, 2025 for $190,000

Home Value

Trulia Estimate
$194K
Since last month
Increased$1K (+0.6%)
Since last year
Increased$4K (+2%)
Since last sale
Increased$4K (+2.3%)
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 increased by +25% in the last 10 years
MonthEstimated value
2026
September 2026$194K
August 2026$193K
July 2026$194K
June 2026$197K
May 2026$196K
April 2026$202K
March 2026$200K
February 2026$197K
January 2026$198K
2025
2024
2023

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
5262 S Ely Island, Tower, MN
0.19
Single-Family Home
$320,000
08/14/26
2
-
624
5372 S Ely Island, Tower, MN
0.39
Single-Family Home
$210,000
09/11/26
2
-
647
4891 Lake Vermilion N, Tower, MN
2.43
Single-Family Home
$229,000
07/24/26
2
-
1,219
50 Main St, Soudan, MN
2.47
Single-Family Home
$192,000
08/14/26
1
1.5
1,312
13 4th Ave, Soudan, MN
2.70
Single-Family Home
$164,000
08/07/26
3
1
972

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
5262 S Ely Island, Tower, MN 55790
0.19
$320,000
2
-
624
Recently Sold
5248 S Ely Island, Tower, MN 55790
0.33
$195,000
-
-
-
For Sale
5368 S Ely Island, Tower, MN 55790
0.36
$343,200
2
0.5
862
Off Market
5372 S Ely Island, Tower, MN 55790
0.39
$210,000
2
-
647
Recently Sold
5397 N Ely Island, Tower, MN 55790
0.51
-
-
-
-
Off Market
5441 N Ely Island, Tower, MN 55790
0.75
$359,000
Studio
-
240
For Sale
5167 Lake Vermilion Island, Soudan, MN 55782
1.04
$536,400
2
-
624
Off Market
5228 Soderberg Ln, Tower, MN 55790
1.05
$1,319,500
3
2
2,552
Off Market
5298 Long Island, Tower, MN 55790
1.07
$275,000
2
-
426
For Sale
TBD JB Island, Tower, MN 55790
1.31
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 5322 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 1958
9.74 acre lot
434 sqft
$447/sqft

About this House

This Cute and Cozy, historic Lake Vermilion Ely Island off-grid Loggers cabin boasts 9.74 acres and 1140 ft. of lake shore! First time on the market in 50 years and renovated in 2017. Easy 5 minute commute from Stuntz Bay public boat launch. Enjoy privacy in the peaceful protected cove with gorgeous views of the lake across Seven Sisters to Pike Bay. NEW foundation supports, roof, windows, loft, front porch, screened in back porch and steps! Add another cabin on the main island if desired. Excellent fishing and swimming right from your dock. Abundant wildlife at your doorstep. Located close to McKinley Park, historic Soudan Mine and new State Park with numerous hiking/biking/ATV and snowmobile trails. Sold mostly furnished. Don't pass up the chance to own your own island paradise!
5322 S Ely Island, Tower, MN 55790 is a 1 bedroom, 434 sqft single-family home built in 1958. It last sold for $190,000 on Sep 2, 2025 (14% below the $219,900 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $194,200, with a rent estimate of $1,046/month.
Last check for updates: 1 day ago
Listed by Sherry Anderson
Vermilion Land Office, Inc
Bought with: Julia Maki, (218) 780-0315, B.I.C. Realty
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6112171

Home Details for 5322 S Ely Island

Interior Features

Interior Details
Number of Rooms: 3Types of Rooms: Bedroom, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 1
Dimensions and Layout
Living Area: 434 Square FeetFoundation Area: 384
Appliances & Utilities
Appliances: Range, RefrigeratorRefrigerator
Heating & Cooling
Heating: NoneNo CoolingAir Conditioning: NoneNo Heating
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: None
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: DeckVegetation: Partially WoodedExterior: Dock
Parking & Garage
No CarportNo GarageNo Attached GarageParking: None,None
Frontage
WaterfrontWaterfront: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Undeveloped, Shore-Accessible)Road Frontage: NoneResponsible for Road Maintenance: NoneOn Waterfront
Water & Sewer
Sewer: NoneWater Body: Vermilion
Farm & Range
Frontage Length: 1140
Finished Area
Finished Area (above surface): 434 Square Feet

Days on Market

Cumulative Days on Market: 547

Property Information

Year Built
Year Built: 1958
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Rustic
Building
Construction Materials: Asphalt, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 270002001410

Price & Status

Price
List Price: $219,900
Status Change & Dates
Off Market Date: Tue Aug 05 2025Possession 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: 9.74 Acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 6112171Water ViewWater View: Lake, BayAttribution Contact: ***Above Grade Unfinished Area: 434

Price and Tax history

DateEventPrice
Sep 2, 2025
Source: Lake Superior Area Realtors as distributed by MLS GRID #6112171
Sold
$190,000
Aug 5, 2025
Source: Lake Superior Area Realtors as distributed by MLS GRID #6112171
Pending
$219,900
Aug 5, 2025
Source: Range AOR #147832
Contingent
$219,900
Jul 14, 2025
Source: Range AOR #147832
PriceChange
$219,900
Price decreased by 2%
May 20, 2025
Source: Range AOR #147832
PriceChange
$224,900
Price decreased by 6%

Market trends in Ely

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
103
5MoM

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

Based on information submitted to the MLS GRID as of 2026-09-19 23:52:09 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 5322 S Ely Island

  • What is 5322 S Ely Island estimated to be worth?
    Trulia's estimated value for 5322 S Ely Island in Tower, MN is $194,200.
  • What is the price history for 5322 S Ely Island?
    5322 S Ely Island in Tower, MN last sold for $190,000 in September 2025.
  • 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 5322 S Ely Island?
    The lot at 5322 S Ely Island in Tower, MN is about 9.7 acres.
  • Does 5322 S Ely Island have parking?
    Yes, 5322 S Ely Island in Tower, MN has on-site parking.

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