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About This Home

This 2-bedroom, 0-bathroom single family at 2050 Shipman Island in Ely, MN is listed for $350,000 ($625 per sqft). Built in 2012, the home offers 560 sqft of living space on a 1.75 acres lot.

Agent Description

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!

Key Features

  • Built in 2012
  • 1.75 acre lot
  • Waterfront

Property Details

1 story
2012

Amenities

Waterfront

Monthly Cost Estimate

$1,872/mo

20% down · 6.5% · 30 years

Principal$253
Interest$1,517
Insurance$102

Estimates only. Actual payments may vary.

Location

2050 Shipman Island

Ely, MN 55731

Features & Amenities

Exterior Features

Deck

Property Details

Parking

None

Heating

Natural GasPropane (Heating)Space Heater

Appliances

RangeRange - GasRefrigerator

Questions & Answers

This 2-bedroom, 0-bathroom single family at 2050 Shipman Island is listed at $350,000 ($625/sqft). The estimated monthly payment is $1,517 based on 20% down at 6.5% interest.

Key features include: Built in 2012, 1.75 acre lot, Waterfront. Exterior Features: Deck.

This property is listed by Andrea Zupancich and can be reached at 2188272288 or andrea@zupnorth.com.

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Andrea Zupancich

Agent at z' Up North Realty

(218) 827-2288

Listed by z' Up North Realty · View on Broker Site

MLS# 149646· Source: listhub· Updated today

Copyright © 2026 Range Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2050 Shipman Island, Ely, MN 55731

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