$279,000
$10K PRICE DROP

5372 Ely Island S Tower, MN 55790

Estimated payment $1,635/month

Total Views 8,631
2 Beds
-- Bath
648 Sq Ft
$431 Price per Sq Ft

Highlights

  • 135 Feet of Waterfront
  • Deck
  • No HOA
  • Beach Access
  • Vaulted Ceiling
  • Combination Dining and Living Room

About This Home

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!

Listing Agent

Sherry Zupancich Anderson

Vermilion Land Office, Inc. Listed on: 02/18/2026

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,495

Year Built

  • Built in 1984

Lot Details

  • Lot Dimensions are 423x135
  • 135 Feet of Waterfront
  • Lake Front
  • Few Trees
  • Zoning described as Shoreline,Residential-Single Family

Home Design

  • Cabin
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 2 Bedrooms
  • 648 Sq Ft Home
  • 1.5-Story Property
  • Vaulted Ceiling
  • Combination Dining and Living Room
  • Crawl Space

Kitchen

  • Range
  • Microwave

Outdoor Features

  • Beach Access
  • Deck
  • Outhouse

Utilities

  • No Cooling
  • Baseboard Heating
  • Private Water Source

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 270011600050

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,495

Year Built

Built in 1984

Lot Details

1 Acres

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family
  • Cooling System: None
  • Outside Features: Wood
  • Accessibility Features: None
  • Water Source: Private
  • Year Built: 1984
  • Above Grade Finished Sq Ft: 648
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • FireNumber: 5372
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space
  • Appliances: Microwave, Range, Refrigerator
  • Living Area: 648
  • Fireplace: No
  • Basement YN: No

Beds/Baths

  • Total Bedrooms: 2

Exterior Features

  • Roof: Asphalt
  • View: Lake
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Storage Shed
  • PatioPorchType: Deck
  • Lake Bottom: Gravel, Undeveloped
  • Waterfront Frontage: 135

Garage/Parking

  • Parking Features: None

Utilities

  • Heating: Baseboard
  • Sewer: Outhouse
  • Fuel: Electric
  • Power Company: Lake Country Power

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 423x135
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • AssessmentPending: Yes
  • Yearly/Seasonal: Seasonal

Building Info

  • Construction Materials: Frame

Tax Info

  • Tax Year: 2026
  • Assessor Parcel Number: 270011600050
  • Tax Annual Amount: 1495
  • TaxWithAssessments: 1530

Multi Family

  • WaterfrontFeatures: Lake Front

Map

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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 $1,530 $133,200 $69,800 $63,400
2023 $1,530 $115,200 $59,700 $55,500
2022 $1,374 $115,200 $59,700 $55,500
2021 $1,352 $98,100 $52,500 $45,600
2020 $1,338 $98,100 $52,500 $45,600
2019 $1,278 $92,500 $50,500 $42,000
2018 $1,138 $91,900 $49,900 $42,000
2017 $1,098 $80,700 $47,300 $33,400
2016 $1,068 $78,200 $44,800 $33,400
2015 $1,046 $71,300 $39,900 $31,400
2014 $1,046 $71,300 $39,900 $31,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2026 05/19/26 Price Changed $279,000 -3.5% $431 / Sq Ft
02/18/2026 02/18/26 For Sale $289,000 -- $446 / Sq Ft
Source: NorthstarMLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Source: Public Records

Source: NorthstarMLS

MLS Number: 7024213

NorthstarMLS

APN: 270011600050

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