$449,000

5262 Ely Island S Tower, MN 55790

Estimated payment $2,766/month

Total Views 10,873
2 Beds
-- Bath
624 Sq Ft
$720 Price per Sq Ft

Highlights

  • 3,225 Feet of Waterfront
  • Deck
  • Vaulted Ceiling
  • Beach Access
  • Wood Burning Stove
  • No HOA

About This Home

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!

Listing Agent

Sherry Zupancich Anderson

Vermilion Land Office, Inc. Listed on: 08/29/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,599

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 1476x1700
  • 3,225 Feet of Waterfront
  • Lake Front
  • Irregular Lot
  • Few Trees
  • Zoning described as Shoreline,Residential-Single Family

Home Design

  • Log Siding

Interior Spaces

  • 2 Bedrooms
  • 624 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Combination Dining and Living Room
  • Range

Outdoor Features

  • Beach Access
  • Deck
  • Outhouse

Utilities

  • No Cooling
  • Heating System Uses Wood

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 270002001350

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,599

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: None
  • Year Built: 1950
  • Above Grade Finished Sq Ft: 624
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • FireNumber: 5262
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Appliances: Range, Refrigerator
  • Fireplace Features: Wood Burning, Wood Burning Stove
  • Living Area: 624
  • Fireplace: Yes
  • Basement YN: No

Beds/Baths

  • Total Bedrooms: 2

Exterior Features

  • Roof: Asphalt
  • View: Bay, Lake, North, South
  • PatioPorchType: Deck
  • Lake Bottom: Rocky, Undeveloped
  • Waterfront Frontage: 3225

Garage/Parking

  • Parking Features: None

Utilities

  • Heating: Wood Stove
  • Sewer: Outhouse
  • Fuel: Wood

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: St. Louis County
  • SchoolDistrictPhone: 2187498130

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 1476x1700
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Irregular Lot, Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • AssessmentPending: Yes
  • Yearly/Seasonal: Seasonal

Building Info

  • Construction Materials: Log

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 270002001350
  • Tax Annual Amount: 4599
  • TaxWithAssessments: 4684

Multi Family

  • WaterfrontFeatures: Lake Front

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,684 $418,100 $361,800 $56,300
2023 $4,684 $344,000 $294,800 $49,200
2022 $3,958 $344,000 $294,800 $49,200
2021 $3,890 $287,300 $246,900 $40,400
2020 $4,224 $287,300 $246,900 $40,400
2019 $4,100 $308,000 $269,300 $38,700
2018 $3,828 $309,500 $270,800 $38,700
2017 $3,762 $284,200 $253,500 $30,700
2016 $3,660 $281,700 $251,000 $30,700
2015 -- $233,000 $215,600 $17,400
2014 -- $233,100 $215,700 $17,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2025 08/29/25 For Sale $449,000 -- $720 / Sq Ft
Source: NorthstarMLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Attorney
Warranty Deed -- None Available
Source: Public Records

Source: NorthstarMLS

MLS Number: 6780806

NorthstarMLS

APN: 270002001350