MLS# 6699748 - 5441 Ely Island N Tower, MN 55790

Possibly the best view on Lake Vermilion! Breathtaking views of 10+ islands. Everything on the property is new & 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 & outhouse with Andersen Windows & storm doors, Diamond Kote siding, closed cell spray foamed floor in cabin, new king-sized bed & 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 w/two cedar benches & swim ladder & new boat lift, additional 40’ dock & sitting deck, multiple fire rings & outdoor furniture, two viewing benches on the point, cedar swing, aluminum picnic table & bbq grill.Huge red & white pines, birch, poplar, maple & more. Property is dotted w/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 & swimming.

Request Additional Details

Signup for Newsletters

Mortgage & Tax Calculator [Estimated]

Purchase Price ($):

Down Payment ($):

Down Payment (%):

Est. Best Interest Rate (%):

Term of Loan (Years):

Monthly Payment:

$1,775 + $131^(tax)
Est. Monthly Total: $1,906

*does not include insurance and all numbers are estimated.

Virtual Tours

Virtual Tour

Summary

Type: RES | Residential - Single Family Residence

Price: $375,000

$1,563/sf

$22,727/acre

Transaction: For Sale

Status: Active • Sun Apr 27 2025

Contingencies: None

Agent Owned: No

Lender Owned: No

Manufactured Home: No

Zoning: Shoreline, Residential-Single Family

Bathrooms: 1

Square Footage: 240 sq ft

Lot Size: 16.5 acres

Year Built: 2024

Foundation: 240 sq ft

Waterfront: Yes

Stories: One

New Construction: No

Listed at: Mon Apr 07 2025 5:00:00 AM

Listing Age: 89 days

School District: 2142-St. Louis County | 218-749-8130

County: St. Louis

Rooms

Bathrooms

1/4 Baths: 1

Home Details

In Home Details

Sq Ft Above Ground: 240 sq ft

Appliances: Refrigerator

Basement: None

Construction Material: Engineered Wood

Exterior

Siding: Engineered Wood

Roof: Asphalt

Utilites

Water: None

Sewer: Outhouse

Cooling: None

Heating: None, Electric

Property / Waterfront

Property Details

Description: Accessible Shoreline, Many Trees

Frontage: None

Garage: None

Lot Dimensions: 1800x345

Out Building: Storage Shed

Agent Owned: No

Waterfront Details

Body of Water: Vermilion

DNR Lake ID: 69037800

Type: Lake Front

Frontage: 365 ft

Lake Acres: 39,272 acres

Max Depth: 76 ft

Bottom: Gravel, Hard, Rocky, Undeveloped

View: Lake Front

Others

School Information

District Number: 2142-St. Louis County

District Phone: 218-749-8130

Financial Considerations

Tax Property ID: 270002001426

Tax Amount: $1,575 for 2025

Listing Data

Listed Price: $375,000

Days on market: 51 days

First Listed at: Mon Apr 07 2025 5:00:00 AM

Last Updated at: Tue Jun 17 2025 2:44:03 PM

Total Days on Market: 263 days

Contingencies: None

Assessments: Yes

Foreclosure: No

Lender Owned: No

Special Notes

Present Use: Seasonal

Public Survey

Range: 15

Section: 16

Township: 62

Vermilion Land Office, Inc. is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Marvin Strong is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Marvin Strong, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at .