MLS: #7045366, Listed By: Andrea Zupancich, Z'Up North Realty, Inc., Source:FargoMoorhead Area Association of REALTORS
2050 Shipman Is
Ely, MN 55731
2
Bed
0
Bath
459Acres
1.75Acres(Lot)
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 wa
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 2Room Information
Rooms Total: 4 Basement: None -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle Appliances: Range, Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Space Heater Cooling: None
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Building Information
Year Built: 2012 Building Area Total: 459 Construction Materials: Frame Stories: 1 Patio And Porch Features: Deck Private Pool: No
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Lot Information
Lot Dimensions: 150.00 x 365.00 Main Square Feet: 1.75 Acres Lot Size Acres: 1.75 Lot Size Square Feet: 76230Property Information
Subdivision: Morse Town Of Source Property Type: Residential Property SubType: Single Family Residence Levels: One Property Age: 14
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Listing Price Information
Listing Price: $350000 Cash, Conventional
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Tax Information
Parcel Number: 465002004200 Annual Tax: $1653
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Parking Information
None
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Location Information
Direction: via boat from landing on NW side of lake Grant McMahon WaterSource: Well
At $762.53 per sq.ft.,this listing is priced below average compared to other homes from Ely.
The average homes price in Ely is $370202.62 with avg. price / sq.ft of $2102.04.
The average homes price in Saint Louis County is $373818.81 with avg. price / sq.ft of $2100.74.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1152 Fernberg Road, Ely, MN, 55731 | $359,000 | 1 | 1 | 516 | 516 SqFt |
| 13699 Mill Road, Ely, MN, 55731 | $1,300,000 | 2 | 3 | 3,830 | 3,830 SqFt |
| 12957 W Ridge Road, Ely, MN, 55731 | $599,999 | 4 | 3 | 2,111 | 2,111 SqFt |
| 1280 S White Iron Road, Ely, MN, 55731 | $798,000 | 4 | 3 | 2,371 | 2,371 SqFt |
| 1663 Saari Road, Ely, MN, 55731 | $1,250,000 | 4 | 4 | 5,280 | 5,280 SqFt |
| 1530 N 20th Avenue, Ely, MN, 55731 | $199,500 | 3 | 1 | 1,373 | 1,373 SqFt |
| 638 E James Street, Ely, MN, 55731 | $230,000 | 3 | 2 | 1,350 | 1,350 SqFt |
| 1804 N Bay Road, Ely, MN, 55731 | $649,000 | 2 | 3 | 2,920 | 2,920 SqFt |
| 1852 Grant Mcmahan Boul.., Ely, MN, 55731 | $975,000 | 3 | 2 | 2,460 | 2,460 SqFt |
| 3547 Norway Lane, Ely, MN, 55731 | $449,000 | 3 | 1 | 1,400 | 1,400 SqFt |
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ByOwner last updated this listing 04/06/2026 @ 22:56
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