Welcome to 1984 Grant McMahan Ely, MN. This is a 3 bedroom, 1 bath cabin located on highly desirable Shagawa Lake. Stepping onto this property feels like arriving at your own Boundary Waters campsite. The cabin sits on 5 private acres, with 700 ft of shoreline giving this Ely gem the perfect blend of nature and lake home living. As you stroll through the land, it is easy to notice how unique the property is. The lot is relatively open and flat with a slight slope to the water's edge. As you move East along the shore you will be able to hike a man made trail that takes you through the property’s woods and elevations where you can rest at a vista point to look out over Shagawa. Inside the cabin, you’ll find an updated 3 bed, 1 bath home with charm and craftsmanship throughout. The custom kitchen cabinets, warm finishes, and approachable layout make it both cozy and functional. The crown jewel is the oversized deck. It is ideal for outdoor dining, relaxing in the sun, or soaking in the sounds of the surrounding wilderness. Two bonus structures on the land need a little TLC but add value to this property. One is a guest house perfect for an extra bunk room or home office, and a sauna just inches from the shoreline. Finally, an oversized 2 stall garage provides ample room for all your outdoor gear, boats, and toys. Whether you're looking for a peaceful retreat or a basecamp for adventures, this cabin is a beauty that has it all. Don’t miss this opportunity to own a legacy property just minutes from downtown Ely.
Sold for $614,000
Zillow last checked:
Listing updated:
Bought with:
Jeff Hway, MN 20328116
Bear Island Realty LLC
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6120520
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2025 | Sold | $614,000+4.2%$673/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6120520 Report a problem | ||
| 8/21/2025 | Pending sale | $589,000$646/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6120520 Report a problem | ||
| 7/10/2025 | Listing removed | $589,000$646/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6120520 Report a problem | ||
| 7/3/2025 | Listed for sale | $589,000$646/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6120520 Report a problem | ||
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