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Sold for $210,000
    • $210,000

    5372 S Ely Island, Tower, MN 55790

    2beds
    0baths
    647sqft
    Single Family Residence
    Built in 1984
    1 Acres Lot
    $210,100 Zestimate®
    $325/sqft
    $1,227 Estimated rent

    Home value

    $210,100

    $197,000 - $223,000

    $1,227/mo

    Zestimate® history
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    $1,435/mo

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    What's special

    Vaulted ceilingsWarm knotty pine walls
    Escape to island living on Ely Island located on the legendary Lake Vermilion-one of Minnesota's most sought-after lakes. This adorable 2-bedrm cabin captures the true Up North experience with vaulted ceilings, warm knotty pine walls, and breathtaking island-studded views in every direction. Enjoy the privacy and serenity of boat-access cabin living with a quick, convenient commute from Stuntz Bay Public Boat Launch. Spend your days casting a line for world-class walleye and muskie, cruising the shoreline, or boating to lakeside restaurants and the charming harbor in the quaint town of Tower. Whether you are fishing at sunrise, exploring hidden bays, or simply relaxing on the deck taking in panoramic water views, this is an outdoor enthusiast's dream. An affordable opportunity to own on the one and only Lake Vermilion in Northern Minnesota. Start making memories today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Sherry Anderson 218-753-8985,

    Vermilion Land Office, Inc

    Bought with:

    Sherry Anderson, MN 40026207

    Vermilion Land Office, Inc

    Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6123720MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 0
    Bedroom
    • Level: Main
    • Area: 109 Square Feet
    • Dimensions: 10 x 10.9
    Bedroom
    • Level: Upper
    • Area: 207 Square Feet
    • Dimensions: 9 x 23
    Kitchen
    • Level: Main
    • Area: 118.43 Square Feet
    • Dimensions: 9.11 x 13
    Living room
    • Level: Main
    • Area: 253 Square Feet
    • Dimensions: 11 x 23
    Heating
    • Baseboard, Electric
    Cooling
    • None
    Appliances
    • Included: Microwave, Range, Refrigerator
    Features
    • Basement: N/A
    • Has fireplace: No
    Interior area
    • Total interior livable area: 647 sqft
    • Finished area above ground: 647
    • 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
    • Has water view: Yes
    • Water view: Lake
    • Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Rocky, Undeveloped, Shore-Accessible)
    • Body of water: Vermilion
    • Frontage length: 135
    Lot
    • Size: 1 Acres
    • Dimensions: 423 x 135
    • Features: Accessible Shoreline, Tree Coverage - Light
    Details
    • Additional structures: Storage Shed
    • Foundation area: 528
    • Parcel number: 270011600050

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Wood, Frame/Wood
    • Roof: Asphalt Shingle
    Condition
    • Previously Owned
    • Year built: 1984

    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: $325/sqft
    • Tax assessed value: $133,300
    • Annual tax amount: $1,495
    • Date on market: 2/20/2026
    • Cumulative days on market: 194 days

    Price history

    DateEventPrice
    9/11/2026Sold$210,000-8.7%$325/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6123720 Report a problem
    9/1/2026Pending sale$230,000$355/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6123720 Report a problem
    8/4/2026Price change$230,000-8%$355/sqft
    Source: Range AOR #149526 Report a problem
    7/1/2026Price change$250,000-10.4%$386/sqft
    Source: Range AOR #149526 Report a problem
    5/19/2026Price change$279,000-3.5%$431/sqft
    Source: Range AOR #149526 Report a problem
    2/18/2026Listed for sale$289,000$447/sqft
    Source: Range AOR #149526 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,530 +14%$133,300 +0.1%
    2024$1,342 -5.1%$133,200 +15.6%
    2023$1,414 +2.9%$115,200
    2022$1,374 +2.7%$115,200 +17.4%
    2021$1,338 $98,100 +6.1%
    2020$1,338 $92,500
    2019$1,338 +17.6%$92,500 +14.6%
    2018$1,138 -11%$80,700
    2017$1,278 +12.3%$80,700 +3.2%
    2016$1,138 +3.6%$78,200 +9.7%
    2015$1,098 +2.8%$71,300
    2014$1,068 -0.3%$71,300
    2013$1,071 -0.1%$71,300
    2012$1,072 -30.3%$71,300 -39.7%
    2011$1,539 -5.6%$118,200 -6.4%
    2010$1,629 $126,300
    2009$1,629 +14%$126,300 +10.7%
    2008$1,430 +6.1%$114,100 +15%
    2007$1,347 +20.3%$99,200 +14.9%
    2006$1,120 +8.5%$86,300 +42.2%
    2004$1,032 +4.6%$60,700 +12.4%
    2003$986 +4.3%$54,000 +12.3%
    2002$946 +12.9%$48,100 +8.6%
    2001$838 +2.8%$44,300 +8.6%
    2000$815 $40,800
    Find assessor info on the county website

    Neighborhood: 55790

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