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

5322 S Ely Island
Tower, MN 55790

  • 1 Bed
  • 434 sqft (on 9.74 acres)

$193,700

Trulia Estimate
as of Aug 7, 2026
Est. Refi. Payment $1,218/mo*
Refinance Your Home

$193,700

Trulia Estimate
as of Aug 7, 2026
Est. Refi. Payment $1,218/mo*
Refinance Your Home
1 Bed
434 sqft
(on 9.74 acres)

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

Property Type
Single-Family Home
Year Built
1958
Lot Size
9.74 acres
Living Area
434 sqft
Price/Sqft
$446

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). It is currently off market. The Trulia Estimate is $193,700, with a rent estimate of $1,047/month.

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
Last check for updates: about 8 hours 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

Price History for 5322 S Ely Island

DatePriceEventSource
09/02/2025$190,000Sold
Lake Superior Area Realtors as distributed by MLS GRID #6112171
08/05/2025$219,900PendingLake Superior Area Realtors as distributed by MLS GRID #6112171
08/05/2025$219,900ContingentRange AOR #147832
07/14/2025$219,900PriceChange
Range AOR #147832
05/20/2025$224,900PriceChange
Range AOR #147832
01/06/2025$239,000PriceChange
Range AOR #147832
08/14/2024$248,000PriceChange
Lake Superior Area Realtors as distributed by MLS GRID #6112171
07/12/2024$269,900PriceChange
Range AOR #147043
05/15/2024$279,900PriceChange
Lake Superior Area Realtors as distributed by MLS GRID #6112171
02/05/2024$289,000Listed For SaleRange AOR #146278
07/25/2008$95,000Sold
N/A

Market trends in Ely

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
96
16MoM
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Property Tax and Assessment

Year2024
Tax$1,182
Assessment$113,100
Home facts updated by county records

Comparable Sales for 5322 S Ely Island

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4891 Lake Vermilion N, Tower, MN
2.43
Single-Family Home
$229,000
07/24/26
2
-
1,219
34 2nd Ave, Soudan, MN
2.55
Single-Family Home
$85,000
07/09/26
4
1
896
5878 Echo Point Rd, Tower, MN
3.15
Single-Family Home
$340,000
05/29/26
3
0.5
768
65 Main St, Soudan, MN
2.49
Single-Family Home
$40,000
10/17/25
3
1
1,152

Nearby homes

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Assigned Schools

These are the assigned schools for 5322 S Ely Island.

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
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  • 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
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  • 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
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  • 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
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  • 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
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Apartments for Rent

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Homes for sale near 5322 S Ely Island

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Off Market Homes Near 5322 S Ely Island

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Based on information submitted to the MLS GRID as of 2026-08-06 12:07:26 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