Parcel 1 Ely Island, Tower, MN 55790
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Property image
OFF MARKET

Parcel 1 Ely Island
Tower, MN 55790

    (on 4.20 acres)

    Home Value

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    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
    TBD Lake Vermilion North, Tower, MN
    3.84
    Lot/Land
    $115,000
    03/27/26
    -
    -
    95814 Pine Is, Tower, MN
    5.85
    Lot/Land
    $205,000
    08/29/25
    -
    -

    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
    3 Ely Is, Breitung Township, MN 55790
    0.23
    $366,600
    Studio
    -
    520
    Off Market
    TBD Ely Island, Tower, MN 55790
    0.24
    $366,200
    Studio
    -
    520
    Off Market
    TBD S Ely Island, Tower, MN 55790
    0.54
    -
    -
    -
    -
    Off Market
    1599 McKinley Park Rd, Tower, MN 55790
    0.87
    $650,900
    3
    1.5
    1,222
    For Sale
    1597 McKinley Park Acres Rd, Tower, MN 55790
    0.89
    $730,000
    2
    2
    2,396
    For Sale
    1583 McKinley Park Acres Rd, Tower, MN 55790
    0.95
    $779,400
    2
    3
    2,036
    Off Market
    1583 McKinley Park Rd, Tower, MN 55790
    0.95
    $739,600
    2
    3
    2,384
    Off Market
    1579 McKinley Park Acres Rd, Tower, MN 55790
    1.00
    $1,065,100
    3
    2
    2,408
    Off Market
    5507 Miettunen Plat Rd, Tower, MN 55790
    1.01
    $685,700
    2
    1.5
    1,200
    Off Market

    Local Information

    • Map ViewExplore the area around Parcel 1 Ely Island.
    • Schools1 Preschool School1 Elementary School1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    Home Highlights

    Property Type
    Lot/Land
    Lot Size
    4.2 acres

    About this House

    Incredible building site with towering pines, level building site and 205' of south-facing lakeshore. Additional 280' of northwest-facing lakeshore is included. Electricity nearby and only minutes from the nearest access point. Approved for septic sites and includes Certificate of Survey.
    Parcel 1 Ely Island, Tower, MN 55790 is a lot/land. It last sold for $110,000 on Apr 29, 2022 (7% below the $118,000 asking price). It is currently off market.

    Home Details for Parcel 1 Ely Island

    Interior Features

    Appliances & Utilities
    Utilities: Electricity Available
    View
    Has a ViewView: Inland Lake

    Exterior Features

    Exterior Home Features
    Vegetation: Heavily Wooded
    Frontage
    WaterfrontWaterfront: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Rocky, Undeveloped, Shore-Accessible)On Waterfront
    Water & Sewer
    Water Body: Vermilion
    Farm & Range
    Frontage Length: 205

    Days on Market

    Cumulative Days on Market: 308

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Property Information
    Condition: Raw LandParcel Number: 270002001500

    Price & Status

    Price
    List Price: $118,000
    Status Change & Dates
    Off Market Date: Mon Mar 21 2022

    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: 4.2 Acres

    Offer

    Listing Terms: Cash, Conventional

    Miscellaneous

    Mls Number: 6096837Water ViewWater View: Lake
    Last check for updates: about 8 hours ago
    Listed by Barb Hegg, (218) 742-2369
    Vermilion Land Office, Inc
    Bought with: Barb Hegg, (218) 742-2369, Vermilion Land Office, Inc
    Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6096837

    Price and Tax history

    DateEventPrice
    Apr 29, 2022
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6096837
    		Sold
    $110,000
    Mar 21, 2022
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6096837
    		Pending
    $118,000
    Mar 3, 2022
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6096837
    		PriceChange
    $118,000
    Price decreased by 8%
    Jul 27, 2021
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6096837
    		Listed For Sale
    $128,000

    Market trends in Ely

    Last updated July 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    —
    Sale-to-List Price
    —
    Price per sq ft
    —
    Available listings
    98
    2    MoM
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    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. "
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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 . "
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    • 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. "
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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."
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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."
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    Apartments for Rent

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    Homes for sale near Parcel 1 Ely Island

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    Off Market Homes Near Parcel 1 Ely Island

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    Frequently asked questions about Parcel 1 Ely Island

    • What is the price history for Parcel 1 Ely Island?
      Parcel 1 Ely Island in Tower, MN last sold for $110,000 in April 2022.
    • 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.
    • What are the closest schools to Parcel 1 Ely Island?
      The closest schools to Parcel 1 Ely Island in Tower, MN are Northeast Range Secondary (Middle/High, rated 6/10), Tower-Soudan Elementary School (Pre-K, rated 5/10).
    Based on information submitted to the MLS GRID as of 2026-08-17 11:37:17 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