2050 Shipman Island Ely, MN 55731

$350,000
Active
estimated monthly payment
2 Beds  |  560 Sq Ft  |   |  MLS # 6124158
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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
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: SF/Attached
Status: Active
Year Built: 2012
MLS #: 6124158
Bedrooms: 2
Square Feet: 560
Bathrooms (Full): 0
Price Per Square Foot: $625
Bathrooms (Half) : 0
Bathrooms (Three Quarters) : 0
Garage Spaces: 0
Parking Description: None
Sewer Description: Compost,Outhouse
Air Conditioning Type: None
Water: None
Heat Type: Space/Wall Heater,Propane
Construction Description: Frame/Wood
Roof Description: Asphalt Shingles
Days On Market (Continuous): 14
Latest Update: 04/06/2026
List Date: 03/22/2026
Listing Agent ID: 7583
Listing Office: Z' Up North Realty
Listing Office ID: 11380
Data Source: LSAR - Lake Superior Area REALTORS
Exterior Features: Dock
Lot Dimensions: 365x150
Lot Size: 1.75 Acres
Lot Features: Tree Coverage - Medium,Island/Peninsula
View Description: Bay,City Lights,Inland Lake,Panoramic,Typical
Waterfront: Inland Lake
School District: Ely
Tax Year: 2026
Estimated Taxes: $1,653
City: Ely
Zip: 55731
Area: LSAR
County: St. Louis County
State: MN

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Listing last updated: 04/06/26

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