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Land with Home for Sale in Ely, Minnesota

2050 Shipman Is, Ely, MN 55731

$350,000
1.75 acres
Active sale
ago
Est $1,967/mo

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!

560
Sq feet
2
Beds
2012
Built

Location

Street address
2050 Shipman Is
Community
Rural N of Hwy 169 - 135
School district
Ely-696
Elevation
1,338 feet
Coordinates
47.9177, -91.8995

Property details

Acreage
1.75 acres
MLS #
RAOR 149646
Posted

Parcels

  • 465-0020-04200

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

Waterfront
Waterfront

Exterior

Outdoor Spaces
Deck

Structure

Stories
1
Heating
Natural Gas, Propane, Space Heater
Roof
Asphalt, Shingle

Interior

Rooms
Bedroom x 2, Dining Room, Kitchen, Living Room
Appliances
Gas Range, Range, Refrigerator

Property utilities

CategoryTypeStatus
GasNatural GasConnected
GasPropaneConnected

Listing history

DateEventPriceChangeSource
Mar 24, 2026New listing$350,000RAOR
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This 1.75-acre property is located at 2050 Shipman Is in Ely, MN 55731. The property is available for sale for $350,000. It has a 560 sq ft 2 bedroom house built in 2012.

Checked 2 hours ago — Updated

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