Two Cabin North woods Retreat on Shagawa River & Fall Lake Rare opportunity to own 3.8 beautiful acres with an impressive 714 feet of combined Shagawa River and Fall Lake shoreline. Westerly facing and surrounded by the natural beauty of the North woods, this unique property offers two classic cabins, abundant shoreline, and tremendous potential for a private family retreat, or seasonal getaway. The property features two separate 2-bedroom, 1-bath seasonal cabins, each with a comfortable combined kitchen and living area and a deck at the entrance. Both cabins are being offered furnished, existing dishes, cookware and miscellaneous items, making it easy to start enjoying the property right away. The cabins share a well, while each has its own septic system. Cabin #1 will require a new septic system, providing an opportunity for the next owner to make improvements suited to their plans. A gravel boat landing provides direct access to the river. Although currently grown in with weeds, the landing has historically provided easy boat launching. Additional improvements include a storage/pump house containing the water heater and providing valuable storage space, along with a screened fish cleaning house equipped with a cleaning table, sink, and running water; perfectly suited to the North woods lifestyle. With two cabins, extensive shoreline, western exposure, boat access, and nearly four acres of beautiful North woods property, this is a rare opportunity to create your own lake-and-river retreat with room for family, friends, and recreation. The two cabins were used as rental properties until 2022. Direct access to Fall Lake, a large, classic North woods lake with direct BWCAW wilderness access.
For sale
$390,000
000 Fernberg Rd, Ely, MN 55731
4beds
2baths
1,400sqft
Multi Family
Built in 1983
-- sqft lot
$-- Zestimate®
$279/sqft
$-- HOA
What's special
Extensive shorelineTwo classic cabinsWesterly facingWestern exposureDeck at the entranceBoat access
- 7 hours
- 47
- 3
Zillow last checked:
Listing updated:
Listed by:
Patricia Bulinski 218-349-5595,
Bear Island Realty LLC
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6128282
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Electric
Features
- Has basement: No
Interior area
- Total interior livable area: 1,400 sqft
- Finished area above ground: 1,400
- Finished area below ground: 0
Property
Parking
- Parking features: None
Features
- On waterfront: Yes
- Waterfront features: Inland Lake, Waterfront Access(Private)
- Body of water: Fall
- Frontage length: 714
Lot
- Size: 3.8 Acres
- Features: Low, Tree Coverage - Medium, Level
Details
- Parcel number: 28631119375 Portion of
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood, Frame/Wood, Poured Concrete
Condition
- Previously Owned
- Year built: 1983
Utilities & green energy
- Electric: Lake Country Power
- Sewer: Private Sewer
- Water: Drilled, Private
Community & HOA
HOA
- Has HOA: No
Location
- Region: Ely
Financial & listing details
- Price per square foot: $279/sqft
- Annual tax amount: $1
- Date on market: 10/2/2026
- Cumulative days on market: 1 day
- Tenant pays: None
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/2/2026 | Listed for sale | $390,000$279/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 55731
Nearby schools
GreatSchools rating
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