Does this property have an HOA?

No, this property does not have a homeowners association.

What are the annual property taxes?

Annual property taxes are $4,599 (2025).

What school district is this property in?

This property is in the 2142 - St. Louis County school district.

How long has this property been on the market?

This property has been listed for 349 days.

Listed at

$449,000

$720/sqft

5262 Ely Island

5262 Ely Island, Tower, MN, 55790

2 Bedrooms624 Square Feet39.25 Acres

Days on market349

Year built1950

ParkingNone

TypeResidential

Est. $10,470buyer credit when you buy with SODL

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About this home

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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Home facts

Property typeResidential

Property subtypeSingle Family

Year built1950

LevelsOne

Living area624 sqft

Above-grade finished624 sqft

Below-grade finished0 sqft

Lot size39.25 acres (1476x1700)

Days on market349

ListedAug 29, 2025

MLS #NST6780806

CountySt. Louis

Parcel #270002001350

Facts & features

Interior

Bedrooms: 2
Bathrooms: 0
Heating: Wood Stove
Cooling: None
Appliances: Range, Refrigerator
Basement: None · 0 sqft finished

Property

Levels / stories: One
Parking features: None
Patio & porch: Deck
Exterior features: Log
View: Bay, Lake, North, South
Waterfront: Lake Front

Construction

Property type: Residential
Property subtype: Single Family
Construction materials: Log
Foundation: None · 624 sqft
Roof: Asphalt
Year built: 1950

Utilities

Water: None
Sewer: Outhouse
Fuel: Wood

Community & HOA

HOA: No HOA
School district: 2142 - St. Louis County
High school district: St. Louis County

Financial & listing details

Annual tax: $4,599 (2025)
Tax with assessments: 4684
Listed: Aug 29, 2025
Days on market: 349 · 712 cumulative
Manufactured home: Yes

Interior details

Total bathrooms0

Full baths0

3/4 baths0

Half baths0

1/4 baths0

BasementNone

HeatingWood Stove

CoolingNone

Fireplaces1

AppliancesRange, Refrigerator

DiningLiving/Dining Room

AccessibilityNone

Special featuresAll Living Facilities on One Level, Main Floor Bedroom

Exterior & lot

ExteriorLog

RoofAsphalt

FoundationNone

Foundation area624 sqft

Patio/porchDeck

Lot featuresAccessible Shoreline, Irregular Lot, Tree Coverage - Medium

Road frontageNone

ZoningShoreline,Residential-Single Family

Utilities

Water sourceNone

SewerOuthouse

FuelWood

Parking & garage

ParkingNone

Garage spaces0

Financial details

Annual taxes$4,599

Tax year2025

Taxes w/ assessments4684

Assessment pendingYes

Down payment resourceYes

Lender ownedNo

Short saleNo

ForeclosureNo

Schools

District2142 - St. Louis County

District number2142

District phone2187498130

High schoolSt. Louis County

SODL flat fee brokerage

$10,470Estimated buyer credit

SODL platform fee $3,000Your buyer credit $10,470

Buyer-side commission

3.0%

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

Tour homes with SODL’s flexible showing network
Submit offers and manage your transaction through the platform
Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$2,893/mo

Principal & interest$2,360

Property taxes$383

Home insurance (est.)$150

Down payment

$89,800

0%50%

Credit score

Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.