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5262 Ely Island S

Tower, MN 55790

2 beds
– baths
624 sqft
~39 acre lot
$785 per sqft
1945 build
– on site

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 courtesy of NORTHSTAR / Sherry Anderson / Vermilion Land Office, Inc.

Last checked: Checking… • Last updated Oct 6, 2024 •

MLS# 6597402 —

The Building

Year Built:

1945
New Construction:

false
Age Of Property:

79
Construction Materials:

Log
Construction Materials Desc:

Log
Roof:

Asphalt
Accessibility Features:

None
Levels:

One
Main Level Finished Area:

624.0000
Basement:

None
Basement:

false
Foundation Area:

624
Foundation Dimensions:

26x24
Manufactured Home:

No
Above Grade Finished Area:

624

Interior

Dining Room Description:

Living/Dining Room
Fireplace:

true
Fireplaces Total:

1
Fireplace Features:

Wood Burning, Wood Burning Stove

Room Dimensions

Living Area:

624

Location

Directions:

Via boat from any public boat launch. From Stuntz Bay public launch to South side of Ely Island approximately 1.65 miles.
Latitude:

47.8505019056
Longitude:

-92.2424495565

The Property

Parcel Number:

270002001350
Zoning Description:

Shoreline,Residential-Single Family
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Subtype:

Cabin
Property Attached:

false
Additional Parcels:

false
Lot Features:

Accessible Shoreline, Irregular Lot, Tree Coverage - Medium
Lot Size Area:

39.25
Lot Size Dimensions:

1476x1700
Lot Size SqFt:

1709730
Lot Size Units:

Acres
View:

Bay, Lake, North, South
Lake Chain:

N
Lake Acres:

39272
Lake Depth:

76
Lake Bottom:

Rocky,Undeveloped
Water Body Name:

Vermilion
Waterfront Feet:

3225
Road Between Waterfront and Home:

No
Road Frontage Type:

None
Water Source:

None
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

3835
Tax With Assessments:

3920.0000

Beds

Bedrooms Total:

2

Baths

Bath Description:

Other

Heating & Cooling

Heating:

Wood Stove
Cooling:

None

Utilities

Sewer:

Outhouse

Appliances

Appliances:

Range, Refrigerator

Schools

High School District:

St. Louis County

The Community

Waterfront:

true
Waterfront Features:

Lake Front
Association:

false
Assessment Pending:

Yes

Parking

Parking Features:

None

Monthly cost estimate

Asking price

$490,000

Expense	Monthly cost
Mortgage	$2,623
Taxes	$319
Insurance	$134
Utilities	N/A
Total	$3,076/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
10/6/24 Oct 6, 2024	Price Changed	NORTHSTAR	$490,000	-10.7%
9/5/24 Sep 5, 2024	Listed / Active	NORTHSTAR	$549,000

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This house located in MN 55790 is currently for sale for $490,000. 5262 Ely Island S is a 624 square foot house with 2 beds and – baths that has been on Estately for 103 days. This house is in the attendance area of Tower-Soudan School.

Listing Courtesy of: NORTHSTAR and Vermilion Land Office, Inc..

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2024 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. 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.