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Owner is an Agent?: No

Auction?: No

Status: Closed

Off Market Date: 2026-07-16

Contingency: None

Current Price: $290,000

Closed Date: 2026-08-12

Original List Price: 350000

Sales Close Price: 290000

ListPrice: 329000

List Date: 2026-03-30

Association: SPAAR

Common Wall: No

Lot Measurement: Acres

Manufactured Home?: No

Multiple PIDs?: No

New Development: No

Number of Fireplaces: 0

Road Btwn WF & Home?: No

Waterfront YN: Yes

Year Built: 2012

Yearly/Seasonal: Yearly

Zoning: Residential-Single Family

Lot Dimensions: 150.00 x 365.00

Acres: 1.75

Bath Three Quarters: 0

Bath Half: 0

Lake/Waterfront Name: Shagawa

Bath Quarter: 0

Main Floor Total SqFt: 459

Above Grd Total SqFt: 459

Below Grd Total SqFt: 0

Total SqFt: 459

Total Finished Sqft: 459.00

FireplaceYN: No

Foundation Size: 459

Style: (SF) Single Family

Garage Stalls: 0

Power Company: None

Association Fee: 0

Assessment Pending: Yes

Bedrooms: 2

AssocFeeYN: No

Legal Description: LOT 5

Listing City: Ely

Map Page: 999

Municipality: Morse Twp

School District: Ely

School District Phone: 218-365-6166

DNR Lake ID#: 69006900

DNR Lake Classification: General Development

Zip Plus 4: 1201

Property ID Number: 465002004200

Tax Year: 2026

Tax Amount: 1653

In Foreclosure?: No

Potential Short Sale?: No

Lender Owned?: No

Public Remarks: 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!

Directions: via boat from landing on NW side of lake Grant McMahon

None: 1

None: 1

Range: 1

Refrigerator: 1

Assessment Balance: 35

Tax With Assessments: 1653

Foundation Dimensions: 17 x 27

None: 1

Other: 1

Finished SqFt Above Ground: 459

Frame: 1

Previously Owned: 1

Other: 1

Wood: 1

Cash: 1

Stone: 1

Other: 1

Propane: 1

Other: 1

Space Heater: 1

Insurance Fee: 0

Lake Acres: 2344

Lake Depth: 48

Land Leased: Not Applicable

DP Resource: Yes

Homestead: No

Fractional Ownership: No

None: 1

Deck: 1

Range#: 12

Section#: 29

Township#: 63

Asphalt Shingles: 1

Cash: 1

Conventional: 1

Private Sewer: 1

One: 1

Well: 1

Lake Front: 1

House Number: 2050

Street Name: Shipman

Postal City: Ely

County: St. Louis

State: MN

Zip Code: 55731

Complex/Dev/Subdivision: Morse Town Of