2050 Shipman Island Ely, MN 55731

$329,000
Active
estimated monthly payment
2 Beds  |  560 Sq Ft  |  Single Family Attached  |  MLS # 6124158
  • 2050 Shipman Island, Ely, MN 55731 Listing Photo  1
  • View
    Water view
  • Dock
    Dock area with a water view
  • Living Room
    Living room featuring wood walls, hardwood / wood-style floors, wood ceiling, and lofted ceiling with beams
  • Living Room
    Living area featuring hardwood / wood-style floors, a high wooden beamed ceiling, wooden walls, and heating unit
  • Sitting Room
    Sitting room with wood-type flooring, wood walls, and a vaulted wooden ceiling
  • Living Room
    Living room with wooden walls, heating unit, hardwood / wood-style flooring, and a vaulted wood ceiling
  • Other
    Exterior view
  • Dock
    Dock area with a water view
  • Bedroom
    Bedroom with wooden walls and a vaulted wood ceiling
  • Bedroom
    Bedroom featuring wood walls, a vaulted wooden ceiling, and wood finished floors
  • View
    Water view
  • Community
    View of property's community
  • Bedroom
    Bedroom featuring wood walls, a vaulted wooden ceiling, and wood finished floors
  • Bedroom
    Bedroom featuring wood walls and vaulted ceiling
  • View
    Water view
  • Other
    Exterior view
  • Kitchen
    Kitchen with black appliances, wood walls, wood ceiling, and light wood finish cabinets
  • Deck
    Deck with grilling area, a water view, and an outdoor structure
  • Entry
    Doorway to outside with wood walls and wood ceiling
  • Kitchen
    Kitchen featuring wood ceiling, wood walls, black range with gas stovetop, light wood finish cabinets, and butcher block counters
  • Kitchen
    Kitchen featuring wood walls, stainless steel gas range oven, wooden ceiling, dark wood-style flooring, and light wood finish cabinetry
  • Deck
    View of wooden deck
  • View
    Water view with a boat dock
  • Dock
    Dock area featuring a water view
  • Out Buildings
    View of shed
  • Other
    Miscellaneous room with wooden walls, wooden ceiling, and wood finished floors
  • Dock
    Dock area featuring a water view
  • Yard
    View of yard with a patio and view of scattered trees
  • Yard
    View of yard featuring a patio, a water view, a dock, and view of wooded area
  • Dock
    Dock area featuring a patio, view of scattered trees, and a water view
  • View
    Water view featuring a forest
  • Side Of Structure
    View of side of home with a deck and a lawn
  • Yard
    View of grassy yard
  • Other
    Exterior view
  • Deck
    Wooden terrace featuring an outbuilding
  • Out Buildings
    View of shed featuring a water view
  • Yard
    View of yard with an outdoor fire pit and view of wooded area
  • View
    Water view featuring a floating dock and a fire pit
  • View
    View of local wilderness
  • View
    Water view
  • Back Of Structure
    Back of house with a shingled roof, a deck, and a yard

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 Z' Up North Realty
Purchase Price
Loan Type
Down Payment
Interest Rate
Estimated Property Taxes
Homeowner's Insurance
HOA Dues
Private Mortgage Insurance
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Property Details

Features

 
 
 
Property Type: Single Family
Status: Active
Year Built: 2012
MLS #: 6124158
Bedrooms: 2
Square Feet: 560
Bathrooms (Full): 0
Price Per Square Foot: $588
Bathrooms (Half) : 0
Bathrooms (Three Quarters) : 0
Garage Spaces: 0
Parking Description: Other
Sewer Description: Compost, Outhouse
Air Conditioning Type: None
Water: None
Heat Type: Wall Unit(s), Propane
Basement: None
Foundation Type: Stone, Wood
Construction Description: Wood
Roof Description: Asphalt Shingle
Days On Market (Continuous): 78
Latest Update: 06/08/2026
List Date: 03/23/2026
Listing Agent ID: 070296
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: Inland Lake, Bay, Panoramic, City Lights, Typical
Waterfront: Inland Lake
School District: Ely #696
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: 06/08/26

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