$82,500
SOLD MAY 30, 2025

TBD Ely Island Tower, MN 55790

2.64 Acres
$31,250 Price per Acre
114,998 Sq Ft Lot

Recently Sold

$167 Per Sq Ft

3% Below List Price

7 Days on Market

About This Lot

As of May 2025

Enjoy this untouched 2+ acres with 200 feet of shoreline vacant lot on desirable Ely Island! Only a 5 minute boat ride will bring you to this buildable lot with gorgeous sunset views. The land includes mature trees along with naturally cleared out areas perfect for your dream home or cabin. Enjoy all that Lake Vermilion has to offer!

Last Agent to Sell the Property

Rachel Lacount

Northwoods Land Office License #20564039 Listed on: 05/08/2025

Last Buyer's Agent

Betsy Clark

Northwoods Land Office License #20337324

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $392

Lot Details

  • 2.64 Acre Lot
  • Lot Dimensions are 500 x 200
  • 200 Feet of Lake Waterfront
  • Lake Front
  • Lot Has A Rolling Slope
  • Property is zoned Rural

Outdoor Features

  • Boat Access Only

Property Details

Property Type

Land

Est. Annual Taxes

$392

Lot Details

0

Listing Details

  • Class: Lots/Land
  • Lvt Date: 05/08/2025
  • Real Estate Tax: 392
  • Type: Waterfront
  • Dnr Lake Id Number: 69037800
  • Lot Size Length: 500
  • Lot Size Width: 200
  • Lake Frontage: 200
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront Name: Vermilion
  • Waterfront: 1 - Lake

Lot Info

  • Number Of Acres: 2.64
  • Zoning: Rural
  • Topography: Boat Access Only, Rolling, High

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/30/2025 05/30/25 Sold $82,500 -2.9% $167 / Sq Ft
05/15/2025 05/15/25 Pending -- -- --
05/08/2025 05/08/25 For Sale $85,000 -22.7% $172 / Sq Ft
04/29/2022 04/29/22 Sold $110,000 -6.8% $223 / Sq Ft View Prior Sale
03/21/2022 03/21/22 Pending -- -- --
03/03/2022 03/03/22 Price Changed $118,000 +45.7% $239 / Sq Ft
12/10/2021 12/10/21 Sold $81,000 -18.9% $164 / Sq Ft View Prior Sale
11/15/2021 11/15/21 Pending -- -- --
09/13/2021 09/13/21 Price Changed $99,900 +20.4% $202 / Sq Ft
09/01/2021 09/01/21 Sold $83,000 -33.5% $168 / Sq Ft View Prior Sale
08/16/2021 08/16/21 Pending -- -- --
07/26/2021 07/26/21 Price Changed $124,900 +26.8% $253 / Sq Ft
06/22/2021 06/22/21 For Sale $98,500 -23.0% $199 / Sq Ft
05/18/2021 05/18/21 For Sale $128,000 -14.6% $259 / Sq Ft
04/04/2021 04/04/21 For Sale $149,900 -38.3% $303 / Sq Ft
08/07/2020 08/07/20 Sold $243,000 0.0% $467 / Sq Ft View Prior Sale
07/15/2020 07/15/20 Pending -- -- --
08/28/2019 08/28/19 For Sale $243,000 +94.4% $467 / Sq Ft
08/30/2013 08/30/13 Sold $125,000 -- $253 / Sq Ft View Prior Sale
07/24/2013 07/24/13 Pending -- -- --
Source: Range Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 148278

Range Association of REALTORS®