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Listing Details

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5441 Ely Island N
Tower, MN 55790
FOR
SALE
$359,000
Active
1
Baths
240
Sqft
2024
Yr. Built
MLS# 7065125
Cumulative Days on Market: 338 · Includes prior listings · Currently listed since 04/30/26 · Data provided by the MLS.

Property Description

Possibly the best view on Lake Vermilion! Breathtaking views of 10+ islands. Everything on the property is new and ready for you to enjoy. This 16.5 acre parcel sits on a point with 180 degree views. 365' of elevated and flat shoreline.Property includes a new Amish-built cabin and outhouse with Andersen Windows and storm doors, Diamond Kote siding, closed cell spray foamed floor in cabin, new king-sized bed and coverings, 2 new futons, 400 amp electric service, new SS fridge / freezer, 20' one trip shipping container, second storage shed, new stairs down to new 40’ L shaped dock with two cedar benches and swim ladder and new boat lift, additional 40’ dock and sitting deck, multiple fire rings and outdoor furniture, two viewing benches on the point, cedar swing, aluminum picnic table and bbq grill.Huge red and white pines, birch, poplar, maple and more. Property is dotted with large boulders. Located very close to the deepest fishing holes on the lake. End of dock is 14' deep and great walleye fishing! Lower shore is ideal for walking in the water and swimming.

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Property Highlights

Property Type
Residential
Property Sub Type
Single Family
Total Bathrooms
1
Living Area
240 Sqft
Price / Sqft
$1,496
Year Built
2024
Water Body Number
69037800
Lake Class
General Development
Cumulative Days On Market
207

Location

City/Township
Tower
View
Lake
County
St. Louis
Zoning Description
Shoreline, Residential-Single Family

Lake/Waterfront Information

Water Body Name
Vermilion
Lake Acres
39272
Lake Depth
76
Water Front (feet)
365
Waterfront Features
Lake Front
Lake Bottom
Gravel, Hard, Rocky, Undeveloped
Lake Chain
N
Lake Class
General Development
Water Body Number
69037800

Property Details

Price
$359,000
Property Type
Residential
Property Sub Type
Single Family

Building

Levels
One
Total Area
270

Community

Local Schools

School District
St. Louis County

Interior Features

Bedrooms and Bathrooms

Total Bathrooms
1
1/4 Bathrooms
1

Rooms and Basement

Basement Features
None

Area and Spaces

Living Area
240 Sqft
Above Grade Finished Area
240

Appliances

Appliances
Refrigerator

Interior Features

Accessibility Features
None

Heating and Cooling

Heating Features
None

Building Details

Construction

Year Built
2024
Foundations
Pillar/Post/Pier

Materials

Construction Materials
Frame
Roof
Asphalt

Terms

Terms

Contingency
None
Cumulative Days On Market
207

Taxes

Tax

Tax (Annual)
$1,691

Heating, Cooling & Utilities

Cooling Features
None

Utilities

Sewer
Outhouse
Water Source
None

Lot

Lot Size
16.50
Lot Dimensions
1800x345
Lot Features
Accessible Shoreline, Tree Coverage - Medium
Road Frontage
None

Exterior Features

Exterior Features
Engineered Wood

Parking

Parking Features
None
Listed by Vermilion Land Office, Inc.
Listing Data last updated 09/10/2026 04:40 am
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All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 10-Sep-2026 and are subject to change without notice. Interest rates provided by the St. Louis Federal Reserve Economic Data (FRED). All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
Assumptions and Disclosures
  • Interest rates and APRs presented are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables - call for details.
  • This is not a credit decision or a commitment to lend.
  • Depending on loan guidelines, mortgage insurance may be required
  • If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loan programs may be available.
  • APR (annual percentage rate) reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, discount points (also referred to as "points"), and loan-origination fees. One point is 1% of the mortgage amount (e.g., $1,000 on a $100,000 loan).
  • Your monthly payment is not based on APR, but instead on the interest rate on your Note.
  • Adjustable Rate Mortgage (ARM) rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period.
  • These special rates presented here are only available when you pre-qualify and are not guaranteed until lock-in.
  • Amounts may be rounded up. Additional fees and closing costs apply. If the down payment is less than 20%, mortgage insurance may be needed, which could increase the monthly payment and APR.
  • Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
  • Please contact a loan specialist to get specific payment examples and information regarding your particular needs.
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Property History

2 days ago
Property information last updated
132 days ago
Status Active. This is the most recent date the listing was placed on market.
Cumulative Days on Market: 338 days (includes prior listings) · Currently listed since April 30, 2026. Data provided by the MLS.

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5441 Ely Island N - MLS#7065125 - $359,000
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