5441 Ely Is N, Tower, MN 55790
FOR SALE
16.5 ACRES

5441 Ely Is N
Tower, MN 55790

  • Studio
  • 240 sqft (on 16.50 acres)

$359,000

Est. Mortgage $2,167/mo*

$359,000

Est. Mortgage $2,167/mo*
Studio
240 sqft
(on 16.50 acres)
We estimate this home will sell faster than 84% nearby.

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Possibly the best view on Lake Vermilion! Breathtaking views of 10+ islands. Everything on the property is new & ready for you to enjoy. This 16.5 acre parcel sits on a point with 180 degree views. 365' of elevated and flat shoreline.Property includes a new Amish-built cabin & outhouse with Andersen Windows & storm doors, Diamond Kote siding, closed cell spray foamed floor in cabin, new king-sized bed & coverings, 2 new futons, 400 amp electric service, new SS fridge/freezer, 20' one trip shipping container, second storage shed, new stairs down to new 40’ L shaped dock w/two cedar benches & swim ladder & new boat lift, additional 40’ dock & sitting deck, multiple fire rings & outdoor furniture, two viewing benches on the point, cedar swing, aluminum picnic table & bbq grill.Huge red & white pines, birch, poplar, maple & more. Property is dotted w/large boulders. Located very close to the deepest fishing holes on the lake. End of dock is 14' deep and great walleye fishing! Lower shore is ideal for walking in the water & swimming.
We estimate this home will sell faster than 84% nearby.

Home Highlights

Parking
None
Outdoor
No Info
HOA
None
Price/Sqft
$1,496
Listed
7 days ago

Home Details for 5441 Ely Is N

Interior Features

Dimensions and Layout
Living Area: 240 Square FeetFoundation Area: 240
Appliances & Utilities
Appliances: RefrigeratorRefrigerator
Heating & Cooling
Heating: NoneNo Heating
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: Lake Country Power
Levels, Entrance, & Accessibility
Number of Stories: 1
View
No View

Exterior Features

Exterior Home Features
Roof: Asphalt ShingleExterior: Dock
Parking & Garage
No CarportNo GarageNo Attached GarageParking: None
Frontage
WaterfrontWaterfront: Inland Lake, Waterfront Access(Private)Road Frontage: NoneOn Waterfront
Water & Sewer
Sewer: OuthouseWater Body: Vermilion
Farm & Range
Frontage Length: 365
Finished Area
Finished Area (above surface): 240 Square Feet

Days on Market

Cumulative Days on Market: 2Days on Market: 7

Property Information

Year Built
Year Built: 2024
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Rustic
Building
Construction Materials: Engineered Wood, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 270002001426

Price & Status

Price
List Price: $359,000Price Per Sqft: $1,496
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: ACTIVE

Location

Direction & Address
City: Tower
School Information
High School District: St. Louis County #2142

Agent Information

Listing Agent
Listing ID: 6124857

HOA

No HOA

Lot Information

Lot Area: 16.5 Acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 6124857Attribution Contact: ***Above Grade Unfinished Area: 240
Last check for updates: about 5 hours ago
Listing courtesy of Barb Hegg, (218) 742-2369
Vermilion Land Office, Inc

Price History for 5441 Ely Is N

DatePriceEventSource
04/30/2026$359,000Listed For SaleNorthstarMLS as distributed by MLS GRID #7065125
11/17/2025$359,000ListingRemovedNorthstarMLS as distributed by MLS GRID #6699748
09/03/2025$359,000PriceChange
Range AOR #148121
08/18/2025$360,000PriceChange
Range AOR #148121
07/20/2025$365,000PriceChange
Range AOR #148121
07/08/2025$369,000PriceChange
Range AOR #148121
06/07/2025$375,000PriceChange
Range AOR #148121
05/30/2025$385,000PriceChange
Range AOR #148121
04/09/2025$399,000Listed For SaleRange AOR #148121
12/20/2024$399,000ListingRemovedNorthstarMLS as distributed by MLS GRID #6547158
09/21/2024$399,000PriceChange
Range AOR #146795
07/02/2024$387,000PriceChange
Range AOR #146795
06/01/2024$460,000Listed For SaleRange AOR #146795

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Comparable Sales for 5441 Ely Is N

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Distance
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Sold Price
Sold Date
Bed
Bath
Sqft
0.75
Single-Family Home
$190,000
09/02/25
1
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434
2.35
Single-Family Home
$157,000
05/21/25
3
0.5
938
2.38
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$10,000
07/03/25
2
1
823
2.51
Single-Family Home
$310,000
08/29/25
2
1
946
2.92
Single-Family Home
$375,000
07/18/25
2
1
852
2.92
Single-Family Home
$40,000
10/17/25
3
1
1,152

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 it's walkable to grocery stores

  • 75 % Say there are sidewalks

  • 73 % Say streets are well-lit

  • 72 % Say neighbors are friendly

  • 45 % Say there are community events

  • 36 % Say they plan to stay for at least 5 years

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. "
  • 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 . "
  • 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. "
  • 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."
  • 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."
  • 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."

LGBTQ Local Legal Protections

Barb Hegg, Vermilion Land Office, Inc
Agent Phone: (218) 742-2369
Based on information submitted to the MLS GRID as of 2026-05-08 01:12:16 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
5441 Ely Is N, Tower, MN 55790 is a studio, 240 sqft single-family home built in 2024. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on Apr 30, 2026. The MLS # for this home is MLS# 6124857.