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!
For sale
Price cut: $20K (8/4)
$230,000
5372 S Ely Island, Tower, MN 55790
2beds
0baths
647sqft
Single Family Residence
Built in 1984
1 Acres Lot
$-- Zestimate®
$355/sqft
$-- HOA
What's special
Vaulted ceilingsWarm knotty pine walls
- 178 days |
- 1,860 |
- 79 |
Zillow last checked:
Listing updated:
Listed by:
Sherry Anderson 218-753-8985,
Vermilion Land Office, Inc
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6123720
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 0
- Main level bedrooms: 1
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: $355/sqft
- Tax assessed value: $133,200
- Annual tax amount: $1,495
- Date on market: 2/20/2026
- Cumulative days on market: 180 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2026 | Price change | $230,000-8%$355/sqft |
Source: Range AOR #149526 Report a problem | ||
| 7/1/2026 | Price change | $250,000-10.4%$386/sqft |
Source: Range AOR #149526 Report a problem | ||
| 5/19/2026 | Price change | $279,000-3.5%$431/sqft |
Source: Range AOR #149526 Report a problem | ||
| 2/18/2026 | Listed for sale | $289,000$447/sqft |
Source: Range AOR #149526 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 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
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 55790
Nearby schools
GreatSchools rating
- 5/10Tower-Soudan Elementary SchoolGrades: PK-6Distance: 3.1 mi
- 6/10Northeast Range SecondaryGrades: 7-12Distance: 17.1 mi
- $478,0003 bd2 ba1.3k sqft5378 Ely Is S, Tower, MN 55790Off Market
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A local agent can set up tours, give advice and negotiate with sellers.
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