5441 Ely Is N, Tower, MN, 55790
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Previously Owned
- Year built: 2024
Materials
- Roof: Asphalt Shingle
- Construction materials: Engineered Wood,Frame/Wood
Type & Style
- Home type: SingleFamily
- Architectural style: Rustic
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Refrigerator
Basement
- Has basement: Yes
Features
- Finished area below ground: 0
- Finished area above ground: 240
Heating
- Heating features: None
Interior Area
- Total interior livable area: 240 sqft
Property
Details
- Parcel number: 270002001426
- Foundation area: 240
Features
- Exterior features: Dock
- On waterfront: Yes
- Waterfront features: Inland Lake,Waterfront Access(Private)
- Waterbody name: Vermilion
- Frontage length: 365
Lot
- Lot size: 16.50 Acres
- Features: Accessible Shoreline,Tree Coverage - Medium
- Lot size dimensions: 1800 x 345
Parking
- Parking features: None
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Winter Weather
- Heat Wave
- Inland Flooding
- Lightning
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in St. Louis County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,815 | $21,780 |
| Home Insurance * | $180 | $2,160 |
| Property Taxes | $305 | $3,660 |
| Electricity | $170 | $2,050 |
| Total | $2,470 | $29,640 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-30 | Listed for sale | $359,000 |
| 2025-11-17 | Listing removed | $359,000 |
| 2025-09-03 | Price change | $359,000 |
| 2025-08-18 | Price change | $360,000 |
| 2025-07-20 | Price change | $365,000 |
| 2025-07-08 | Price change | $369,000 |
| 2025-06-07 | Price change | $375,000 |
| 2025-05-30 | Price change | $385,000 |
| 2025-04-09 | Listed for sale | $399,000 |
| 2024-12-20 | Listing removed | $399,000 |
| 2024-09-21 | Price change | $399,000 |
| 2024-07-02 | Price change | $387,000 |
| 2024-06-01 | Listed for sale | $460,000 |
View on Zillow