# 5441 Ely Island N, Tower, MN 55790

> **TL;DR:** single family, $359,000 ($1330/sqft), built 2024, 270 sqft.
> Waterfront. Est. $1,556/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $359,000 |
| Price/sqft | $1330 |
| Square Feet | 270 |
| Year Built | 2024 |
| Lot Size | 718,740 sqft (16.50 acres) |
| Stories | 1 |
| Property Type | Single Family (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,556 |
| **Total** | **$1,556** |

## Key Amenities

- Waterfront

## Property Highlights

- Built in 2024
- 16.50 acre lot
- Waterfront

## Description

### Agent Description
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!

## Location

- **Address:** 5441 Ely Island N, Tower, MN 55790
- **Coordinates:** 47.85564, -92.260539
- **Google Maps:** https://www.google.com/maps?q=47.85564,-92.260539

## Listing Agent

- **Name:** Barbara Hegg
- **Brokerage:** Vermilion Land Office Inc
- **Phone:** 2187422369

## Primary Photo

![5441 Ely Island N - Primary Photo](http://lh.rdcpix.com/7e30e3b5a9872f99b8a0b2691ba7da23l-f3213857976r.jpg)

*45 total photos available on [listing page](https://www.propertysimple.com/listing/5441-ely-island-n-tower-mn-55790-n149840)*

---

**MLS#:** 149840 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 Range Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/5441-ely-island-n-tower-mn-55790-n149840)

---

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