Date
Details
Price
Change
Source
8/29/2025
Listed
$449,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$449,000
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Property 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, 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!
Full Property Details
Full Property Details for 5262 Ely Island S
General
- Price: $449,000
- Taxes: $4,599 (2025)
- Status: Active
- Type: Single Family
- Source: NorthStarMLS_RMLS
- MLS ID: 6780806
- Updated: 1/5/2026
- Added to Site: 139 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Wood-Burning, Wood Burning Stove
- Appliances: Range, Refrigerator
Rooms
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Dining Room: Living/Dining Room
- Formal Dining Room: Living/Dining Room
Exterior
- Porch/Patio/Deck: Deck
Parking
- Parking Features: None
Location
- County: St. Louis
- Township: Tower
- Driving Directions: Via boat from any public boat launch. From Stuntz Bay public launch to South side of Ely Island approximately 1.65 miles.
School Information
- School District: 1046 - St. Louis County
- High School District: St. Louis County
Heating & Cooling
- Cooling Type: None
- Heating Type: Wood Stove
- Heating Fuel: Wood
Utilities
- Sewer: Outhouse
- Water: None
Structural Information
- Exterior Const.: Log
- Foundation Size: 624
- Roof: Asphalt
- Disability Access: None
- Square Feet: 624
- Above Ground: 624 Sq. Ft.
- Year Built: 1950
Lot Features
- Lot Size (Acres): 39.25
- Lot Dimensions: 1476 x 1700
- Frontage: None
- Zoning: Shoreline, Residential-Single Family
- Lot Description: Accessible Shoreline, Irregular Lot, Medium Tree Coverage
Water Features
- Water Front Desc.: Lakefront
- Water Front Feet: 3225
- Lake Front: Yes
- Lake Bottom: Rocky, Undeveloped
Financial Considerations
- Tax Amount: $4,599
- Tax Year: 2025
- Terms: Conventional, Cash
Disclosures and Reports
- Legal Description: Lot 2, Breitung
- Property ID: 270002001350
Listed by Vermilion Land Office, Inc.
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Listing agent
— 5262 Ely Island S —
Vermilion Land Office, Inc.
NMLS#: 1598647
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Price & Sales History for 5262 Ely Island S
Tax History
Tax History for 5262 Ely Island S
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,684
—
$418,100
22%
2025
$4,684
19%
$344,000
—
2024
$3,920
-5%
$344,000
20%
2023
$4,126
4%
$287,300
—
2022
$3,958
-6%
$287,300
-7%
2020
$4,224
3%
$308,000
—
2019
$4,100
7%
$309,500
9%
2018
$3,828
2%
$284,200
1%
2017
$3,762
3%
$281,700
—
2016
$3,660
14%
$281,700
21%
2015
$3,214
-3%
$233,000
—
2014
$3,326
-2%
$233,100
—
2013
$3,408
—
$233,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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5262 Ely Island S, Tower, MN 55790 (MLS# 6780806) is a Single Family property with 2 bedrooms and 0 full bathrooms. 5262 Ely Island S is currently listed for $449,000 and was received on August 29, 2025. Want to learn more about 5262 Ely Island S? Do you have questions about finding other Single Family real estate for sale in Tower? You can browse all Tower real estate or contact a Coldwell Banker agent to request more information.