Possibly the best view on Lake Vermilion! Breathtaking views of 10+ islands. Everything on the property is new & ready for you to enjoy. This 16.5 acre parcel sits on a point with 180 degree views. 365' of elevated and flat shoreline.Property includes a new Amish-built cabin & outhouse with Andersen Windows & storm doors, Diamond Kote siding, closed cell spray foamed floor in cabin, new king-sized bed & coverings, 2 new futons, 400 amp electric service, new SS fridge/freezer, 20' one trip shipping container, second storage shed, new stairs down to new 40’ L shaped dock w/two cedar benches & swim ladder & new boat lift, additional 40’ dock & sitting deck, multiple fire rings & outdoor furniture, two viewing benches on the point, cedar swing, aluminum picnic table & bbq grill.Huge red & white pines, birch, poplar, maple & more. Property is dotted w/large boulders. Located very close to the deepest fishing holes on the lake. End of dock is 14' deep and great walleye fishing! Lower shore is ideal for walking in the water & swimming.
For sale
$359,000
5441 N Ely Island, Tower, MN 55790
0beds
0baths
240sqft
Single Family Residence
Built in 2024
16.5 Acres Lot
$-- Zestimate®
$1,496/sqft
$-- HOA
What's special
New boat liftNew amish-built cabinCedar swingDiamond kote siding
- 65 days |
- 628 |
- 22 |
Zillow last checked:
Listing updated:
Listed by:
Barb Hegg 218-742-2369,
Vermilion Land Office, Inc
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6124857
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Heating
- None
Appliances
- Included: Refrigerator
Features
- Has basement: Yes
- Has fireplace: No
Interior area
- Total interior livable area: 240 sqft
- Finished area above ground: 240
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: None
Features
- Exterior features: Dock
- On waterfront: Yes
- Waterfront features: Inland Lake, Waterfront Access(Private)
- Body of water: Vermilion
- Frontage length: 365
Lot
- Size: 16.5 Acres
- Dimensions: 1800 x 345
- Features: Accessible Shoreline, Tree Coverage - Medium
Details
- Foundation area: 240
- Parcel number: 270002001426
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Rustic
- Property subtype: Single Family Residence
Materials
- Engineered Wood, Frame/Wood
- Roof: Asphalt Shingle
Condition
- Previously Owned
- Year built: 2024
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: $1,496/sqft
- Annual tax amount: $1,691
- Date on market: 4/30/2026
- Cumulative days on market: 68 days
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2026 | Listed for sale | $359,000$1,496/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7065125 Report a problem | ||
| 11/17/2025 | Listing removed | $359,000$1,496/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6699748 Report a problem | ||
| 9/3/2025 | Price change | $359,000-0.3%$1,496/sqft |
Source: Range AOR #148121 Report a problem | ||
| 8/18/2025 | Price change | $360,000-1.4%$1,500/sqft |
Source: Range AOR #148121 Report a problem | ||
| 7/20/2025 | Price change | $365,000-1.1%$1,521/sqft |
Source: Range AOR #148121 Report a problem | ||
| 7/8/2025 | Price change | $369,000-1.6%$1,538/sqft |
Source: Range AOR #148121 Report a problem | ||
| 6/7/2025 | Price change | $375,000-2.6%$1,563/sqft |
Source: Range AOR #148121 Report a problem | ||
| 5/30/2025 | Price change | $385,000-3.5%$1,604/sqft |
Source: Range AOR #148121 Report a problem | ||
| 4/9/2025 | Listed for sale | $399,000$1,663/sqft |
Source: Range AOR #148121 Report a problem | ||
| 12/20/2024 | Listing removed | $399,000$1,663/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6547158 Report a problem | ||
| 9/21/2024 | Price change | $399,000+3.1%$1,663/sqft |
Source: Range AOR #146795 Report a problem | ||
| 7/2/2024 | Price change | $387,000-15.9%$1,613/sqft |
Source: Range AOR #146795 Report a problem | ||
| 6/1/2024 | Listed for sale | $460,000$1,917/sqft |
Source: Range AOR #146795 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 55790
Nearby schools
GreatSchools rating
- 5/10Tower-Soudan Elementary SchoolGrades: PK-6Distance: 3.4 mi
- 6/10Northeast Range SecondaryGrades: 7-12Distance: 17.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Minnesota
- Saint Louis County
- Ely
- 55790
- 5441 N Ely Island
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Nearby zip codes
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