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Overview
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Sold for $320,000
Sold for $320,000
5262 Ely Island S Tower, MN 55790
$320,000
CLOSEDBeds
2
Baths
0
Sqft
624
Acres
39.25
Year
1950
Close Date
Aug 14, 2026
Property Type
Residential
Sub Type
Single Family
Per Square Foot
$513
Date Listed
Aug 29, 2025
Description of 5262 Ely Island S, Tower, MN 55790
Listing details for 5262 Ely Island S, Tower, MN 55790 : 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!
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Listing Updated : 08-25-2026 at 6:10 AM CDT
Property Details
Property Overview
Listing Price
$449,000
MLS #ID
6780806
Close Price
$320,000
Close Date
Aug 14, 2026
Bedrooms
2
Bathrooms
0
Square Footage
624
Acres
39.25
Year
1950
Days on Site
51 Days
Property Type
Residential
Property Sub Type
Single Family
Price per Sq Ft
$513
Date Listed
Aug 29, 2025
Location
Schools
School District
Home Specification
Bedrooms
2
Total Square Feet
624
Above Grade Square Feet
624
Construction / Architecture
Year Built
1950
Construction Materials
Log
Foundation
None
Roof
Asphalt
New Construction
No
Price per Sq Ft
$513
Lot Features
Accessible Shoreline, Irregular Lot and Tree Coverage - Medium
Lot Size (Acres)
39.25
Lot Dimensions
1476x1700
Interior Details
Appliances
Range and Refrigerator
Fireplace
Yes
Fireplace Count
1
Fireplace Features
Wood Burning and Wood Burning Stove
Heating
Wood Stove
Cooling
None
Exterior Details
Garage
No
Parking Features
None
Exterior Features
Log
Fencing
None
Waterfront
Yes
Water Source
None
Sewer
Outhouse
Taxes, HOA & Financing
Annual Property Tax
$4,599.00
HOA Fee Includes
None
Room Details
| Room Type | Level | Dimensions |
|---|---|---|
| Bedroom | Main | 9.9x9.2 |
| Kitchen | Main | 9.9x8.6 |
| Living Room | Main | 18.11x13.5 |
| Bedroom 2 | Main | 9.9x7.1 |
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Properties displayed may be listed or sold by various participants in the MLS
Source
NorthstarMLS as distributed by MLS GRID, MLS#: 6780806
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Property History
DateEventPrice
8/17/2026
Pending sale
$449,000 +40.3%
$720/sqft
Source:NorthstarMLS #NST6780806
NorthstarMLS #NST6780806 8/14/2026
Sold
$320,000 -28.7%
$513/sqft
Source:NorthstarMLS #NST6780806
NorthstarMLS #NST6780806 8/29/2025
Listed for sale
$449,000
$720/sqft
Source:NorthstarMLS #NST6780806
NorthstarMLS #NST6780806Location of 5262 Ely Island S, Tower, MN 55790
Streetview of 5262 Ely Island S, Tower, MN 55790
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Based on information submitted to the MLS GRID as of 2026-08-25. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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