5262 S Ely Island

Tower, MN 55790

$449,000
Price
2
Beds
—
Baths
624 Sq. Ft.
$720 / Sq. Ft.
624
Sq. Ft.
$720
per Sq. Ft.
North Side of Island
South Side of Island

Description

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,...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!
  1. Listed by Sherry Anderson • Vermilion Land Office, Inc
    P: (218)-753-8985 sherry@vermilionland.com

Property Details for 5262 South Ely Island

Architectural Style
Rustic
View
Inland Lake, Bay
Waterfront Features
Inland Lake
Waterfront YN
Yes
LISTING UPDATED: 08/30/2025 08:01 PM

Property Details for 5262 South Ely Island

StatusActive
MLS #6121632
Days on Compass20460
Taxes$4,599 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeResidential / Seasonal
Year Built1950
Lot Size39.25 AC / 1,709,730 SF
CountySt. Louis County

Location

Listing Courtesy of Vermilion Land Office, Inc
Add your commute

Building Information for 5262 South Ely Island

Stories1Residences-Year Built1950Lot Size39.25 AC / 1,709,730 SF

Payment Calculator

$2,572 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,188

Property Taxes

$383

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5262 South Ely Island

Summary
Location and General Information
  • Directions: Via boat from any boat launch. Stuntz Bay public boat launch to South side of Ely Island is approximately 1.65 miles.
  • Latitude: 48
  • Longitude: -92
  • DNR Lake Id Number: 690378
  • Lake Acres: 39272.5
  • Lake Class: GD
  • Lake Maximum Depth: 76
  • Range: 15
  • Road Between Waterfront And Home: No
  • Shoreline Characteristics: Rocky,Undeveloped,Shore-Accessible
  • Waterfront Access: Private
  • Waterfrontage Feet: 3225
  • MLSArea Major: LSAR
  • Road Frontage Type: None
  • Road Responsibility: None
  • Township: Breitung township (St. Louis County)
Parking
  • Garage Spaces: 0.0
  • Garage Type: None
  • Parking Features: None
School Information
  • High School District: St. Louis County #2142
Taxes and HOA
  • Association YN: No
  • Taxes With Assessments: 4684
  • Twp Number: 62
  • Parcel Number: 270-0020-01350
  • Tax Annual Amount: $4,599.00
  • Tax Legal Description: Lot 2, Breitung
  • Tax Year: 2025
Property
Lot Information
  • Above Grade Finished Area: 624.0
  • Below Grade Finished Area: 0.0
  • Living Area: 624.0
  • Lot Features: Accessible Shoreline, Many Trees
  • Lot Size Acres: 39.25
  • Lot Size Dimensions: 1476x1700
  • Basement Square Feet: ***
  • Construction Type: Log Home
  • Foundation Dimensions: 24x26
Property and Assessments
  • Development Status: Previously Owned
  • Assessment Balance: 85
  • Land Access: ***
  • Property Adjoins Public Land: No
  • Possession: Close Escrow
  • Property Sub Type: Seasonal
  • Property Type: Residential
  • Public Survey Section: 15
  • Year Built: 1950
Utilities
  • Sewer: Outhouse
  • Water Body Name: Vermilion
  • Water Source: Private
Interior and Exterior Features
Exterior Features
  • Construction Materials: Log
  • Exterior Features: Deck, Dock
  • Foundation Details: N/A
  • Roof: Asphalt Shingle
  • Stories Total: 1
Interior Features
  • Appliances: Range, Refrigerator
  • Basement: Crawl Space, Posts
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total Integer: 0
  • Bedrooms Total: 2
  • Cooling: None
  • Fireplace Features: Wood Burning
  • Fireplaces Total: 1
  • Fireplace YN: Yes
  • Heating: Fireplace(s), Wood
  • Interior Features: Hardwood Floors, Vaulted Ceiling(s), Beamed Ceilings
  • Basement Features: N/A
  • Bath Description: None
  • Dining Room Type: Combine with Living Room
  • Main Floor Bedroom: 1
  • Mechanicals: None
Room Information
Room 1
  • RoomDescription: Dining room combination
  • RoomLength: 18.11
  • RoomLevel: Main
  • RoomType: Living Room
  • RoomWidth: 13.0
Room 2
  • RoomLength: 9.9
  • RoomLevel: Main
  • RoomType: Kitchen
  • RoomWidth: 8.6
Room 3
  • RoomLength: 9.9
  • RoomLevel: Main
  • RoomType: Bedroom
  • RoomWidth: 9.2
Room 4
  • RoomLength: 9.9
  • RoomLevel: Main
  • RoomType: Bedroom
  • RoomWidth: 7.1
Agent
Agent Information
  • Listing Agent Primary Office: ***
Sale and Listing
  • Auction: No
  • Auction End Date: ***
  • Fraction Ownership: Fee-Simple
  • LVTDate: 2025-08-29
  • Management Company: ***
  • Management Company Phone Email: ***
  • Power Company: Lake Country Power
  • Transaction Type: For Sale
Rental
Rent Information
  • Leased Land: Owned
  • Lender Owned: No
  • Rental License: No
  • Occupant Type: Vacant

Property History for 5262 South Ely Island

DateEvent & SourcePriceAppreciation
Aug 29, 2025

Off Market

Lake Superior Area REALTORS #6115912

$490,000—
Aug 29, 2025

Listed (Active)

Lake Superior Area REALTORS #6121632

$449,000—
Sep 4, 2024

Listed (Active)

Lake Superior Area REALTORS #6115912

$549,000—
DateEvent & SourcePrice
08/29/2025

Off Market

Lake Superior Area REALTORS #6115912

$490,000
08/29/2025

Listed (Active)

Lake Superior Area REALTORS #6121632

$449,000
09/04/2024

Listed (Active)

Lake Superior Area REALTORS #6115912

$549,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5262 South Ely Island

This home is within St. Louis County School District.
Rating
School
Type
Grades
Distance
Tower-Soudan Elementary School
Public - PK to 6
Northeast Range Secondary
Public - 7 to 12
North Woods Secondary
Public - 7 to 12
Cherry Elementary School
Public - PK to 6
Rating
School
Distance
Tower-Soudan Elementary School
PublicPK to 6

Northeast Range Secondary
Public7 to 12

North Woods Secondary
Public7 to 12

Cherry Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5262 South Ely Island, Tower, MN 55790

5262 South Ely Island is for sale in Tower, MN 55790. This property was listed for sale on August 29, 2025 by Vermilion Land Office, Inc, it's currently listed at $449,000. This listing's school district is St. Louis County School District. Nearby schools include Tower-Soudan Elementary School, Northeast Range Secondary and North Woods Secondary. 5262 South Ely Island is a 2-bed, 0-bath, 624 sqft built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Vermilion Land Office, Inc

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 08/30/2025 08:01 PM