2050 Shipman Island, Ely, MN
$ 498,500
Property Attributes
  • ID#6098965
  • TypeSingle Family
  • CityEly
  • AreaMorse Town Of
  • NeighborhoodMorse Town Of
  • Zip55731
  • StyleSingle Family Residence
  • Year Built2012
  • Taxes$ 1057
  • Price$ 498,500
  • Bedrooms2
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage560
  • Lot Size1.75 Acres
Data Source:
Northstar MLS (NSTAR)
Property Description

PRIVATE ISLAND, ELY: Secluded Island Retreat W/Mesmerizing Views Set In Towering Pines & Rock Outcroppings On Shagawa Lake, Short Boat Ride Across Calm Water To Launch. Tucked among small undeveloped islands W of Miller Pt & N of Longstorff Bay, the picturesque coastline to the W & SW is Superior Natl Forest. Built 2012, 560SF 2BR knotty pine cabin w/lakeside deck connecting kitchen cabin, 1.75 acres, apx 900 ft lakeshore, dock w/walk in swimming area. In 1800’s, island was summer home of one of Ely’s original doctors & the iron ring attached to the west end was used to corral logs. Shagawa is a 2344 acre lake, 48 ft deep, listed by DNR as one of the best walleye lakes. Click link for 3D Tour!

Price History
9/13/2021 Listed $498,500

General Features

Accessibility None
Additional Parcels Y/N No
Amenities Unit Deck, Kitchen Window, Vaulted Ceiling(s)
Appliances Range, Refrigerator
Association Y/N No
Basement Other, Wood
City Ely
Construction Materials Wood Siding
Contingency None
Cooling None
County St. Louis
Days on Market 354
Directions By boat. W. side of Shagawa Lake
Heating Space Heater
High School District Ely
Lender Owned No
Levels One
Lot Size Square Feet 76230
New Construction No
Other Structures Storage Shed
Property Attached Y/N No
Property SubType Single Family Residence
Property Type Residential
Roof Age 8 Years or Less, Asphalt
Sewer Outhouse
Standard Status Active
Street Name Shipman
Subdivision Name Morse Town Of
Tax Annual Amount 1057
Tax Year 2021
Topography Rolling
View East, Lake, North, Panoramic, South, West
Virtual Tour https://my.matterport.com/show/?m=mhokMT6z3aj&mls=1
Water Body Name Shagawa
Waterfront Features Lake Front
Waterfront Y/N Yes
Year Built 2012
Zoning Description Residential-Single Family

Interior Features

Above Grade Finished Area 560
Fireplace Y/N No
Foundation Dimensions 28x17
Fuel Propane
Lake Acres 2344
Room Type Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2
SQFT Above Ground Total 560.0000
SQFT Below Ground Total 0.0000
SQFT Main Total 560.0000
SQFT Total 560.00
Street Suffix Island
Total Bedrooms 2
Waterfront Feet 920

Exterior Features

Living Area 560
Foundationarea 476
Lot Dimensions 365x150
Lot Features Irregular Lot, Tree Coverage - Medium
Lot Size Area 1.75
Lot Size Units Acres
Parking Features None
Water Source None


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 55731

AVG $960K
AVG $2,797
AVG 121
Year Built
AVG 1974

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