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For Sale:  Ely MLS# 7045366

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Active NEW!
$350,000
/mo Edit
Single Family:  1 Story
2 br • Built 2012
459 sqft • 1.75 acres
Yellow Medicine East schools
MLS# 7045366
763-576-8286
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    Property 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!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $350,000
    Price per sq ft: $763
    Property Type: Single Family
    City: Ely
    Garage Spaces: 0
    County: St. Louis
    Year Built: 2012
    State: MN
    Property Style: 1 Story
    Zip Code: 55731
    Subdivision Name: Morse Town Of

    Interior

    Bedrooms: 2
    Bathrooms: 0
    Finished Area: 459 ft2
    Total Fireplaces: 0
    Living Area: 459 ft2
    Common Wall: No
    Appliances Included:
    • Range
    • Refrigerator
    Basement Details: None

    Exterior

    Stories: One
    Garage Spaces: 0
    Air Conditioning: None
    Foundation Size: 459 ft2
    Foundation Dimensions: 17 x 27
    Handicap Accessible: None
    Heating System: Space Heater
    Parking Features: None
    Exterior Material: Frame
    Roof Details: Asphalt

    Rooms

    1/4 Baths: None
    Full Baths: None
    Half Baths: None
    3/4 Baths: None
    Bathroom Details: Other
    Main Level Size Sq Ft
    Bedroom  10 x 7.5  70 
    Kitchen  11.5 x 7.5  77 
    Living Room  16 x 16  256 
    Bedroom 2  10 x 7.5  70 

    Lake & Waterfront

    Waterfront: Lake Front

    Lot & Land

    Acres: 1.75
    Geolocation: 47.917629, -91.899644
    Lot Dimensions: 150.00 x 365.00
    Zoning: Residential-Single Family

    Schools

    School District: 2190
    District Phone: 2183656166

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $1,653
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $1,653
    Association Fee Required: No
    Association Fee: None

    Miscellaneous

    Fuel System:
    • Other
    • Propane
    Sewer System: Private Sewer
    Water System: Well
    Power Company Name: None

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Z'Up North Realty, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.