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2050 Shipman Is, Ely, MN, 55731

2beds
0baths
560sqft
$350,000
$625price/sqft
$2,314/moest. monthly cost
$92,560/yrincome needed

About This Home

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!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

5/10
6/10
Memorial Middle SchoolGrades 6-82.2 mi
9/10
Memorial SecondaryGrades 9-122.2 mi

Construction

Condition

  • Property condition: Previously Owned
  • Year built: 2012

Materials

  • Foundation: Stone,Wood
  • Roof: Asphalt Shingle
  • Construction materials: Wood,Frame/Wood

Type & Style

  • Home type: SingleFamily
  • Architectural style: Rustic
  • Property subType: Single Family Residence

Interior

Bedroom

  • Level: Main
  • Area: 53.5
  • Dimensions: 5 x 10.7

Bedroom

  • Level: Main
  • Area: 53.5
  • Dimensions: 5 x 10.7

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Main level bedrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 560

Heating & Cooling

  • Heating features: Wall Unit(s),Propane
  • Cooling features: None

Interior Area

  • Total interior livable area: 560 sqft

Kitchen

  • Level: Main
  • Area: 86.25
  • Dimensions: 7.5 x 11.5

Living Room

  • Level: Main
  • Area: 256
  • Dimensions: 16 x 16

Property

Details

  • Parcel number: 465002004200
  • Foundation area: 561

Features

  • Exterior features: Dock
  • Has view: Yes
  • View description: Inland Lake,Bay,Panoramic,City Lights,Typical
  • Has water view: Yes
  • Water view: Lake,Bay
  • On waterfront: Yes
  • Waterfront features: Inland Lake,Waterfront Access(Private),Shoreline Characteristics(Rocky,Sand)
  • Waterbody name: Shagawa
  • Frontage length: 900

Lot

  • Lot size: 1.75 Acres
  • Features: Tree Coverage - Medium,Island/Peninsula
  • Lot size dimensions: 365 x 150

Parking

  • Parking features: Other,None