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!
For sale
Price cut: $21K (6/5)
$329,000
2050 Shipman Island, Ely, MN 55731
2beds
0baths
560sqft
Single Family Residence
Built in 2012
1.75 Acres Lot
$317,500 Zestimate®
$588/sqft
$-- HOA
What's special
Classic up north charmMesmerizing lake viewsOpen layoutRugged rock outcroppings
- 104 days |
- 1,146 |
- 47 |
Zillow last checked:
Listing updated:
Listed by:
Andrea Zupancich 218-749-0159,
Z' Up North Realty
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6124158
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 0
- Main level bedrooms: 1
Bedroom
- Level: Main
- Area: 53.5 Square Feet
- Dimensions: 5 x 10.7
Bedroom
- Level: Main
- Area: 53.5 Square Feet
- Dimensions: 5 x 10.7
Kitchen
- Description: right off deck near main cabin
- Level: Main
- Area: 86.25 Square Feet
- Dimensions: 7.5 x 11.5
Living room
- Level: Main
- Area: 256 Square Feet
- Dimensions: 16 x 16
Heating
- Wall Unit(s), Propane
Cooling
- None
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total interior livable area: 560 sqft
- Finished area above ground: 560
- Finished area below ground: 0
Property
Parking
- Parking features: Other, None
Features
- Exterior features: Dock
- Has view: Yes
- View description: Inland Lake, Bay, Panoramic, City Lights, Typical
- Has water view: Yes
- Water view: Lake,Bay
- Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Rocky, Sand)
- Body of water: Shagawa
- Frontage length: 900
Lot
- Size: 1.75 Acres
- Dimensions: 365 x 150
- Features: Tree Coverage - Medium, Island/Peninsula
Details
- Foundation area: 561
- Parcel number: 465002004200
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Rustic
- Property subtype: Single Family Residence
Materials
- Wood, Frame/Wood
- Foundation: Stone, Wood
- Roof: Asphalt Shingle
Condition
- Previously Owned
- Year built: 2012
Utilities & green energy
- Electric: None
- Sewer: Compost, Outhouse
- Water: None
Community & HOA
HOA
- Has HOA: No
Location
- Region: Ely
Financial & listing details
- Price per square foot: $588/sqft
- Tax assessed value: $179,000
- Annual tax amount: $1,653
- Date on market: 3/23/2026
- Cumulative days on market: 105 days
- Listing terms: Cash,Conventional
Estimated market value
$317,500
$302,000 - $333,000
$1,445/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Price change | $329,000-6%$588/sqft |
Source: Range AOR #149646 Report a problem | ||
| 3/23/2026 | Listed for sale | $350,000-29.8%$625/sqft |
Source: Range AOR #149646 Report a problem | ||
| 9/1/2023 | Listing removed | -- |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6099612 Report a problem | ||
| 9/13/2021 | Listed for sale | $498,500$890/sqft |
Source: Range AOR #142312 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,376 +18.2% | $179,000 +19.1% |
| 2023 | $1,164 +11.1% | $150,300 +28.6% |
| 2022 | $1,048 +2.7% | $116,900 +22.9% |
| 2021 | $1,020 | $95,100 |
| 2020 | $1,020 | $95,100 |
| 2019 | $1,020 +9.9% | $95,100 +7.2% |
| 2018 | $928 -6.3% | $88,700 |
| 2017 | $990 +6.7% | $88,700 +7.4% |
| 2016 | $928 +7.2% | $82,600 -15.4% |
| 2015 | $866 -14.3% | $97,600 +17.4% |
| 2014 | $1,010 +0.4% | $83,100 -15.4% |
| 2012 | $1,006 +75.2% | $98,200 +50.8% |
| 2011 | $574 +7.2% | $65,100 -0.2% |
| 2010 | $536 | $65,200 |
| 2009 | $536 +62% | $65,200 +71.1% |
| 2008 | $331 +40.3% | $38,100 +53.6% |
| 2007 | $236 +57.3% | $24,800 +58% |
| 2006 | $150 +81.7% | $15,700 +153.2% |
| 2004 | $83 +9.2% | $6,200 +12.7% |
| 2003 | $76 +12.2% | $5,500 +10% |
| 2002 | $67 -10.3% | $5,000 +8.7% |
| 2001 | $75 +4.5% | $4,600 +9.5% |
| 2000 | $72 | $4,200 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 55731
Nearby schools
GreatSchools rating
- 6/10Washington Elementary SchoolGrades: PK-5Distance: 2.2 mi
- 7/10Memorial Middle SchoolGrades: 6-8Distance: 2.2 mi
- 9/10Memorial SecondaryGrades: 9-12Distance: 2.2 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Minnesota
- Saint Louis County
- Ely
- 55731
- 2050 Shipman Island
Nearby cities
Nearby zip codes
Other Ely Topics
