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For sale
    • $1,900,000

    7228 Mercer Is, Tower, MN 55723

    1beds
    1,860sqft
    : 
    Single Family Residence
    Built in 1981
    7 Acres Lot
    $-- Zestimate®
    $1,022/sqft
    $-- HOA

    What's special

    Original ice houseEncircles the islandCozy living spaceWet boathouseNatural sand beach
    Escape to your very own private & exceptional 7+ acre island nestled in the heart of Lake Vermilion's Frazer Bay. This exclusive property boasts a wealth of features that promise a truly extraordinary lakeside experience. Embrace the distinctive architectural charm of three stunning "Baker" Dome cabins, each offering a unique and cozy living space. Accommodate family & friends with ease in a spacious 1 BR guest cabin (with kitchen), plus a charming 1 BR bunkhouse, wet boathouse, & original ice house! All buildings have new roofs! Hike along the picturesque walking trail with boardwalks, that encircles the island, providing enchanting views & moments of serenity plus a natural sand beach! Convenience is key, & this property offers a rare mainland access including another boathouse! This property promises a lifetime of cherished memories. First time on the market!
    138 days
    |
    497
    |
    3
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 19, 2026 at 09:46am

    Listed by:

    Barb Hegg 218-742-2369,

    Vermilion Land Office, Inc

    Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6122783MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 2
      • 3/4 bathrooms: 2
      Rooms
      • Room types: Den/Office, Spa/Sauna, Utility Room, 3 Season Porch, Great Room
      Primary bedroom
      • Description: Lakeviews
      • Level: Upper
      • Area: 196 Square Feet
      • Dimensions: 14 x 14
      Bathroom
      • Description: Tub
      • Level: Upper
      • Area: 54 Square Feet
      • Dimensions: 9 x 6
      Dining room
      • Description: Lake Views
      • Level: Main
      • Area: 140 Square Feet
      • Dimensions: 10 x 14
      Family room
      • Description: Cathedral ceiling, sky lights, patio door to deck. T&G paneling
      • Level: Main
      • Area: 576 Square Feet
      • Dimensions: 24 x 24
      Great room
      • Description: Open to kitchen and sitting area. T&G paneling, patio door to screen porch
      • Level: Main
      • Area: 432 Square Feet
      • Dimensions: 16 x 27
      Office
      • Description: Den next to Master Bedroom
      • Level: Upper
      • Area: 192 Square Feet
      • Dimensions: 12 x 16
      Other
      • Description: Screen porch off the Great Room. Lake views
      • Level: Main
      • Area: 348 Square Feet
      • Dimensions: 29 x 12
      Heating
      • Electric
      Cooling
      • Wall Unit(s)
      Appliances
      • Included: Water Heater-Electric, Dishwasher, Microwave, Range, Refrigerator, Washer
      • Laundry: Main Level, Dryer Hook-Ups, Washer Hookup
      Features
      • Ceiling Fan(s), Natural Woodwork, Sauna, Vaulted Ceiling(s)
      • Doors: Patio Door
      • Windows: Skylight(s)
      • Basement: N/A
      • Has fireplace: No
      Interior area
      • Total interior livable area: 1,860 sqft
      • Finished area above ground: 1,860
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Parking features: Other, None
      Features
      • Patio & porch: Deck
      • Exterior features: Dock
      • Has view: Yes
      • View description: Inland Lake, Bay, Panoramic
      • Has water view: Yes
      • Water view: Lake,Bay
      • Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Gravel, Hard, Rocky, Sand, Undeveloped, Shore-Accessible, Elevation-Medium, Shore-Beach)
      • Body of water: Vermilion
      • Frontage length: 2880
      Lot
      • Size: 7 Acres
      • Dimensions: 486 x 1080
      • Features: Accessible Shoreline, Tree Coverage - Medium, Zero Lot Line, BWCA Access, Island/Peninsula
      Details
      • Additional structures: Boat House, Sauna, Storage Shed, Bunkhouse, Guest House
      • Foundation area: 2262
      • Parcel number: 387003101520; 387043036550

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Other
      • Property subtype: Single Family Residence
      Materials
      • Wood, Asphalt, Other - See Remarks
      • Roof: Asphalt Shingle,Rubber
      Condition
      • Year built: 1981

      Utilities & green energy

      • Electric: Lake Country Power
      • Sewer: Private Sewer, Drain Field
      • Water: Drilled
      • Utilities for property: Satellite

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Tower

      Financial & listing details

      • Price per square foot: $1,022/sqft
      • Tax assessed value: $625,200
      • Annual tax amount: $9,897
      • Date on market: 11/4/2025
      • Cumulative days on market: 806 days
      • Listing terms: Cash,Conventional
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        11/4/2025Listed for sale$1,900,000$1,022/sqft
        Source: Range AOR #149278 Report a problem
        10/29/2025Listing removed$1,900,000$1,022/sqft
        Source: Range AOR #146035 Report a problem
        10/28/2024Listed for sale$1,900,000$1,022/sqft
        Source: Range AOR #146035 Report a problem
        8/4/2024Listing removed$1,900,000$1,022/sqft
        Source: Range AOR #146035 Report a problem
        1/31/2024Listed for sale$1,900,000$1,022/sqft
        Source: Lake Superior Area Realtors as distributed by MLS GRID #6111264 Report a problem
        11/28/2023Listing removed--
        Source: Lake Superior Area Realtors as distributed by MLS GRID #6111264 Report a problem
        11/8/2023Listed for sale$1,900,000$1,022/sqft
        Source: Range AOR #146035 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$4,168 -7.9%$625,200 +27.5%
        2023$4,524 -1.5%$490,500
        2022$4,594 +3.5%$490,500 +12.9%
        2021$4,440 $434,300 +5.3%
        2020$4,440 $412,300
        2019$4,440 +4.7%$412,300 +6.9%
        2018$4,240 +1.9%$385,800
        2017$4,160 -1.9%$385,800
        2016$4,240 +2%$385,800 +66.1%
        2015$4,156 -1.3%$232,200 -4.3%
        2014$4,212 +40.5%$242,700
        2013$2,998 +3.3%$242,700
        2012$2,904 -24%$242,700 -32.7%
        2011$3,822 +4%$360,700
        2010$3,676 $360,700
        2009$3,676 +3.8%$360,700 -2.7%
        2008$3,541 +6.9%$370,600 +15%
        2007$3,313 +3.2%$322,300 +15%
        2006$3,209 -2.4%$280,300 +22.9%
        2004$3,286 +5.5%$228,000 +12%
        2003$3,116 +9.2%$203,600 +10%
        2002$2,854 -7%$185,100 +8.5%
        2001$3,067 +3.8%$170,600 +8.5%
        2000$2,954 $157,200

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $11,492/mo
        Principal & interest
        $9798
        Property taxes
        $1694
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          Climate risks

          Neighborhood: 55723

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          Car-Dependent
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          Somewhat Bikeable

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