Sold for $320,000

$320,000

5262 S Ely Island, Tower, MN 55790

2beds

0baths

624sqft

Single Family Residence

Built in 1950

39.25 Acres Lot

$324,000 Zestimate^®

$513/sqft

$1,221 Estimated rent

Home value

$324,000

$282,000 - $373,000

$1,221/mo

Zestimate^® history

Owner options

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$1,221/mo

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$1,221/mo

Rent Zestimate^®

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$2,198/mo

Est. payment

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$2,198/mo

Est. payment

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What's special

Wood floorsStone wood-burning fireplaceBreathtaking panoramic viewsVaulted ceilingUltimate privacy

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!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 0
Main level bedrooms: 1

Bedroom

Level: Main
Area: 91.08 Square Feet
Dimensions: 9.2 x 9.9

Bedroom

Level: Main
Area: 70.29 Square Feet
Dimensions: 7.1 x 9.9

Kitchen

Level: Main
Area: 85.14 Square Feet
Dimensions: 8.6 x 9.9

Living room

Description: Dining room combination
Level: Main
Area: 235.43 Square Feet
Dimensions: 13 x 18.11

Heating

Fireplace(s), Wood

Cooling

None

Appliances

Included: Range, Refrigerator

Features

Vaulted Ceilings, Beamed Ceilings
Flooring: Hardwood Floors
Basement: Posts,N/A
Number of fireplaces: 1
Fireplace features: Wood Burning

Interior area

Total interior livable area: 624 sqft
Finished area above ground: 624
Finished area below ground: 0

Property

Parking

Parking features: None, None

Features

Patio & porch: Deck
Exterior features: Dock
Has view: Yes
View description: Inland Lake, Bay
Has water view: Yes
Water view: Lake,Bay
Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Rocky, Undeveloped, Shore-Accessible)
Body of water: Vermilion
Frontage length: 3225

Lot

Size: 39.25 Acres
Dimensions: 1476 x 1700
Features: Accessible Shoreline, Tree Coverage - Medium

Details

Foundation area: 624
Parcel number: 270002001350

Construction

Type & style

Home type: SingleFamily
Architectural style: Rustic
Property subtype: Single Family Residence

Materials

Log, Log Home
Roof: Asphalt Shingle

Condition

Previously Owned
Year built: 1950

Utilities & green energy

Electric: Lake Country Power
Sewer: Outhouse
Water: Private

Community & HOA

HOA

Has HOA: No

Location

Region: Tower

Financial & listing details

Price per square foot: $513/sqft
Annual tax amount: $5,043
Date on market: 8/29/2025
Cumulative days on market: 671 days
Listing terms: Cash,Conventional

Price history

Date	Event	Price
8/14/2026	Sold	$320,000-28.7%$513/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6121632 Report a problem
7/16/2026	Pending sale	$449,000$720/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6121632 Report a problem
4/15/2026	Contingent	$449,000$720/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6121632 Report a problem
8/29/2025	Listed for sale	$449,000-8.4%$720/sqft
Source: Range AOR #148939 Report a problem
8/29/2025	Listing removed	$490,000$785/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6115912 Report a problem
10/6/2024	Price change	$490,000-10.7%$785/sqft
Source: Range AOR #147390 Report a problem
9/4/2024	Listed for sale	$549,000$880/sqft
Source: Range AOR #147390 Report a problem