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 $1,495 (2026).

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 202 days.

Listed at

$230,000

$355/sqft

5372 Ely Island

5372 Ely Island, Tower, MN, 55790

2 Bedrooms648 Square Feet1 Acres

Days on market202

Year built1984

ParkingNone

TypeResidential

Est. $3,900buyer credit when you buy with SODL

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About this home

Escape to island living on Ely Island located on the legendary Lake Vermilion-one of Minnesota's most sought-after lakes. This adorable 2-bedrm cabin captures the true Up North experience with vaulted ceilings, warm knotty pine walls, and breathtaking island-studded views in every direction. Enjoy the privacy and serenity of boat-access cabin living with a quick, convenient commute from Stuntz Bay Public Boat Launch. Spend your days casting a line for world-class walleye and muskie, cruising the shoreline, or boating to lakeside restaurants and the charming harbor in the quaint town of Tower. Whether you are fishing at sunrise, exploring hidden bays, or simply relaxing on the deck taking in panoramic water views, this is an outdoor enthusiast's dream. An affordable opportunity to own on the one and only Lake Vermilion in Northern Minnesota. Start making memories today!

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Home facts

Property typeResidential

Property subtypeSingle Family

Year built1984

LevelsOne and One Half

Living area648 sqft

Above-grade finished648 sqft

Below-grade finished0 sqft

Lot size1 acres (423x135)

Days on market202

ListedFeb 18, 2026

MLS #NST7024213

CountySt. Louis

Parcel #270011600050

Facts & features

Interior

Bedrooms: 2
Bathrooms: 0
Heating: Baseboard
Cooling: None
Appliances: Microwave, Range, Refrigerator
Basement: Crawl Space · 0 sqft finished

Property

Levels / stories: One and One Half
Parking features: None
Patio & porch: Deck
Exterior features: Wood
Other structures: Storage Shed
View: Lake

Construction

Property type: Residential
Property subtype: Single Family
Construction materials: Frame
Foundation: Pillar/Post/Pier · 528 sqft
Roof: Asphalt
Year built: 1984

Utilities

Water: Private
Sewer: Outhouse
Fuel: Electric

Community & HOA

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

Financial & listing details

Annual tax: $1,495 (2026)
Tax with assessments: 1530
Listed: Feb 18, 2026
Days on market: 202 · 195 cumulative
Manufactured home: Yes

Interior details

Total bathrooms0

Full baths0

3/4 baths0

Half baths0

1/4 baths0

BasementCrawl Space

HeatingBaseboard

CoolingNone

AppliancesMicrowave, Range, Refrigerator

DiningLiving/Dining Room

AccessibilityNone

Exterior & lot

ExteriorWood

RoofAsphalt

FoundationPillar/Post/Pier

Foundation area528 sqft

Patio/porchDeck

Lot featuresAccessible Shoreline, Tree Coverage - Medium

Road frontageNone

ZoningShoreline,Residential-Single Family

Utilities

Water sourcePrivate

SewerOuthouse

FuelElectric

Parking & garage

ParkingNone

Garage spaces0

Financial details

Annual taxes$1,495

Tax year2026

Taxes w/ assessments1530

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

$3,900Estimated buyer credit

SODL platform fee $3,000Your buyer credit $3,900

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.

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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

$1,410/mo

Principal & interest$1,209

Property taxes$125

Home insurance (est.)$77

Down payment

$46,000

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.