2050 Shipman Ely, MN 55731

$350,000
Active
estimated monthly payment
2 Beds  |  459 Sq Ft  |  Single Family  |  MLS # 7045366
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About The Listing

Ely's own Shagawa Lake Shipman Island Cabin, all to yourself! You will find it tucked under some towering pines and rugged rock outcroppings, mesmerizing lake views and nearly 900 ft of shoreline. The picturesque coastline is pure Superior National Forest—no neighbors, just loons, eagles, and the occasional moose who thinks he owns the place. Built in 2012, this cozy 560 sq ft 2BR knotty-pine cabin delivers classic Up North charm. Open layout, lakeside deck connects to the kitchen cabin, and a dock with walk-in swimming area that’s basically your own private beach. In the 1800s this island was the summer escape of one of Ely’s original doctors—proof that even back then, the smart ones knew the best way to make house calls was by boat. (The iron ring is still bolted to the west end which was used to corral logs. Now it just corrals compliments.) Shagawa Lake (2,344 acres, max depth 48 ft) is a DNR walleye factory, the walleye ain't waitin' paddle fast to get this one!


Listing courtesy of Andrea Zupancich, Z'Up North Realty, Inc.
Purchase Price
Loan Type
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Interest Rate
Estimated Property Taxes
Homeowner's Insurance
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Property Details

Features

 
 
 
Property Type: Single Family
Status: Active
Contingency Type: None
Year Built: 2012
MLS #: 7045366
Bedrooms: 2
Square Feet: 459
Bathrooms (Full): 0
Price Per Square Foot: $763
Bathrooms (Half) : 0
Bathrooms (Three Quarters) : 0
Garage Spaces: 0
Parking Description: None
Sewer Description: Private Sewer
Air Conditioning Type: None
Water: Well
Heat Type: Space Heater
Basement: None
Foundation Type: Other, Stone
Construction Description: Frame
Roof Description: Asphalt
Days On Market (Continuous): 1
Disability Features: None
Latest Update: 06/02/2026
List Date: 03/31/2026
Listing Agent ID: 502500259
Listing Office: Z'Up North Realty, Inc.
Listing Office ID: 25782
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Appliances: Range, Refrigerator
Number of Fireplaces: 0
Exterior Features: Wood
Lot Dimensions: 150.00 x 365.00
Lot Size: 1.75 Acres
Waterfront: Lake Front
School District: Ely
Tax Year: 2026
Estimated Taxes: $1,653
Contingency Type: None
City: Ely
Zip: 55731
County: St. Louis
Subdivision: Morse Town Of
State: MN
Listing last updated: 06/02/26

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