Date
Details
Price
Change
Source
3/30/2026
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$350,000 Just Listed
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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!
Full Property Details
Full Property Details for 2050 Shipman
General
- Price: $350,000
- Taxes: $1,653 (2026)
- Status: Active
- Type: Single Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7045366
- Updated: 3/31/2026
- Added to Site: 5 day(s) ago
Interior
- Appliances: Range, Refrigerator
Rooms
Bedrooms
- Total Bedrooms: 2
Exterior
- Porch/Patio/Deck: Deck
Parking
- Parking Features: None
Location
- County: St. Louis
- Township: Morse Twp
- Subdivision: Morse Town Of
- Driving Directions: via boat from landing on NW side of lake Grant McMahon
School Information
- School District: 2190 - Ely
- High School District: Ely
Heating & Cooling
- Cooling Type: None
- Heating Type: Space Heater
- Heating Fuel: Other, Propane
Utilities
- Sewer: Private Sewer
- Water: Well
Structural Information
- Exterior Const.: Frame
- Basement: Yes
- Foundation Size: 459
- Roof: Asphalt
- Disability Access: None
- Square Feet: 459
- Above Ground: 459 Sq. Ft.
- Finished Down/Base.: 459 Sq. Ft.
- Year Built: 2012
Lot Features
- Lot Size (Acres): 1.75
- Lot Dimensions: 150.00 x 365.00
- Zoning: Residential-Single Family
Water Features
- Water Front Desc.: Lakefront
- Lake Front: Yes
Financial Considerations
- Tax Amount: $1,653
- Tax Year: 2026
- Terms: Conventional, Cash
Disclosures and Reports
- Legal Description: LOT 5
- Property ID: 465002004200
Listed by Z'Up North Realty, Inc.
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NMLS#: 1598647
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Price & Sales History for 2050 Shipman
Tax History
Tax History for 2050 Shipman
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,650
—
$179,000
19%
2025
$1,650
20%
$150,300
29%
2024
$1,376
18%
$116,900
23%
2023
$1,164
11%
$95,100
—
2022
$1,048
3%
$95,100
—
2020
$1,020
3%
$95,100
2%
2019
$990
7%
$93,600
6%
2018
$928
2%
$88,700
7%
2017
$906
-10%
$82,600
-14%
2016
$1,010
-4%
$95,500
-2%
2015
$1,050
20%
$97,600
17%
2014
$877
-13%
$83,100
-11%
2013
$1,003
—
$93,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
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- Single Family
- Active
- Updated 1 day ago
- 1Bed
- 1Total Bath
- 931Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 2Total Baths
- 1,915Sq. Ft.
Listed by Z'Up North Realty, Inc.
- Lots/Land
- Active
- Updated 3 hours ago
- 0.102Acres
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- Multi-Family
- Active
- Updated 5 hours ago
- 4Units
- 8Total Beds
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- Commercial
- Active
- Updated 5 days ago
- 1,512Sq. Ft.
- 0.117Acres
Listed by Vermilion Land Office, Inc.
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- Lots/Land
- Closed
- 4.9Acres
Listed by Fazendin REALTORS
Sold by NFP Real Estate Services
Sold by NFP Real Estate Services
- Single Family
- Closed
- 3Beds
- 4Total Baths
- 3,584Sq. Ft.
Listed and Sold by Z'Up North Realty, Inc.
2050 Shipman, Ely, MN 55731 (MLS# 7045366) is a Single Family property with 2 bedrooms and 0 full bathrooms. 2050 Shipman is currently listed for $350,000 and was received on March 30, 2026. Want to learn more about 2050 Shipman? Do you have questions about finding other Single Family real estate for sale in Ely? You can browse all Ely real estate or contact a Coldwell Banker agent to request more information.