LAKE VERMILION: Prime lakeshore property on desirable Ely Island, 5+ acres with 330 feet of shoreline, including electricity, convenient lift-out dock, and 8x10 shed already there. This pristine land is heavily wooded with a stunning blend of mature of Pines, Poplar and Birch trees and just a 5-minute boat ride will bring you to this buildable lot with breathtaking views and endless possibilities. Gravel landing area for barge hauling has already been established and ready to go. Enjoy all that Lake Vermilion has to offer!
Lot/land
Price cut: $2K (7/15)
$147,900
5375 Ely Is N, Tower, MN 55790
--beds
--baths
5.36Acres
Waterfront
Built in ----
5.36 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 114 days |
- 505 |
- 25 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Stuart Johansen,
Northland Realty
Source: Range AOR,MLS#: 149815
Facts & features
Property
Features
- On waterfront: Yes
- Waterfront features: Lake Front
- Body of water: Vermilion
- Frontage length: 330FT
Lot
- Size: 5.36 Acres
- Dimensions: 730 x 320
- Features: Dock, Irregular Lot
- Topography: Boat Access Only,Rolling,High
Details
- Parcel number: 270002001405
Utilities & green energy
- Utilities for property: Electricity Connected
Community & HOA
Location
- Region: Tower
Financial & listing details
- Tax assessed value: $121,000
- Annual tax amount: $1,300
- Date on market: 4/24/2026
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Price change | $147,900-1.3% |
Source: Range AOR #149815 Report a problem | ||
| 4/24/2026 | Listed for sale | $149,900+5.9% |
Source: Range AOR #149815 Report a problem | ||
| 9/15/2005 | Sold | $141,500+405.4% |
Source: Public Record Report a problem | ||
| 2/27/2002 | Sold | $28,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,146 -5.1% | $121,000 +20% |
| 2023 | $1,208 +2.7% | $100,800 |
| 2022 | $1,176 -4.1% | $100,800 +16.9% |
| 2021 | $1,226 | $86,200 -3.8% |
| 2020 | $1,226 | $89,600 |
| 2019 | $1,226 +8.9% | $89,600 +6.5% |
| 2018 | $1,126 -4.7% | $84,100 |
| 2017 | $1,182 +5% | $84,100 +3.1% |
| 2016 | $1,126 +3.5% | $81,600 +11.8% |
| 2015 | $1,088 -0.9% | $73,000 |
| 2014 | $1,098 +2% | $73,000 |
| 2013 | $1,076 -0.1% | $73,000 |
| 2012 | $1,077 -49.3% | $73,000 -55.2% |
| 2011 | $2,125 -8% | $162,800 -8.9% |
| 2010 | $2,311 | $178,700 |
| 2009 | $2,311 +28.7% | $178,700 +24.6% |
| 2008 | $1,796 +14.1% | $143,400 +23.4% |
| 2007 | $1,574 +36.6% | $116,200 +29.1% |
| 2006 | $1,153 +67.8% | $90,000 +118.4% |
| 2004 | $687 +22.7% | $41,200 +31.6% |
| 2003 | $560 +28.8% | $31,300 +38.5% |
| 2002 | $435 +20.9% | $22,600 +15.9% |
| 2001 | $360 +16.7% | $19,500 +23.4% |
| 2000 | $308 | $15,800 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 55790
Nearby schools
GreatSchools rating
- 5/10Tower-Soudan Elementary SchoolGrades: PK-6Distance: 3.5 mi
- 6/10Northeast Range SecondaryGrades: 7-12Distance: 17.4 mi
Schools provided by the listing agent
- District: Tower/Soudan
Source: Range AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $--5.36 acresTbd Ely Island, Tower, MN 55790Off Market
- $101,4005.36 acres5383 Ely Is N, Tower, MN 55790Off Market
- $105,0005.36 acres5397 Ely Is N, Tower, MN 55790Sold
- $--5.36 acresTbd Ely Island Lake Vermilion, Tower, MN 55790Off Market
- $376,7002 bd1 ba1k sqft5346 Ely Is S, Tower, MN 55790Off Market
- $383,8002 bd0 ba768 sqft5342 Ely Is S, Tower, MN 55790Off Market
- $326,3002 bd-- ba816 sqft5356 Ely Is S, Soudan, MN 55790Off Market
- $306,1002 bd-- ba852 sqft5362 Ely Is S, Tower, MN 55790Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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