2050 Shipman Is, Ely, MN 55731
FOR SALE
1.75 ACRES

2050 Shipman Is
Ely, MN 55731

  • 2 Beds
  • 560 sqft (on 1.75 acres)

$350,000

Est. Mortgage $2,115/mo*
Get Pre-Qualified

$350,000

Est. Mortgage $2,115/mo*
Get Pre-Qualified
2 Beds
560 sqft
(on 1.75 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

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!

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$625
Listed
46 days ago

Home Details for 2050 Shipman Is

Interior Features

Interior Details
Number of Rooms: 4Types of Rooms: Bedroom, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 2Main Level Bedrooms: 1
Dimensions and Layout
Living Area: 560 Square FeetFoundation Area: 561
Heating & Cooling
Heating: Wall Unit(s),PropaneNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Wall Unit S
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: None
Levels, Entrance, & Accessibility
Number of Stories: 1
View
Has a ViewView: Inland Lake, Bay, Panoramic, City Lights, Typical

Exterior Features

Exterior Home Features
Roof: Asphalt ShingleExterior: DockFoundation: Stone, Wood
Parking & Garage
No CarportNo GarageNo Attached GarageParking: Other,None
Frontage
WaterfrontWaterfront: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Rocky, Sand)Responsible for Road Maintenance: NoneOn Waterfront
Water & Sewer
Sewer: Compost, OuthouseWater Body: Shagawa
Farm & Range
Frontage Length: 900
Finished Area
Finished Area (above surface): 560 Square Feet

Days on Market

Cumulative Days on Market: 14Days on Market: 46

Property Information

Year Built
Year Built: 2012
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Rustic
Building
Construction Materials: Wood, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 465002004200

Price & Status

Price
List Price: $350,000Price Per Sqft: $625
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: ACTIVE

Location

Direction & Address
City: Ely
School Information
High School District: Ely #696

Agent Information

Listing Agent
Listing ID: 6124158

HOA

No HOA

Lot Information

Lot Area: 1.75 Acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

Mls Number: 6124158Water ViewWater View: Lake, BayAttribution Contact: ***Above Grade Unfinished Area: 560
Last check for updates: about 10 hours ago
Listing courtesy of Andrea Zupancich, (218) 749-0159
Z' Up North Realty
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6124158
Also Listed on NorthstarMLS as distributed by MLS GRID, NorthstarMLS as distributed by MLS GRID, Lake Superior Area Realtors as distributed by MLS GRID, Range AOR, Range AOR.

Price History for 2050 Shipman Is

DatePriceEventSource
03/23/2026$350,000Listed For SaleRange AOR #149646
09/01/2023ListingRemovedLake Superior Area Realtors as distributed by MLS GRID #6099612
09/13/2021$498,500Listed For SaleRange AOR #142312

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Property Tax and Assessment

Year2024
Tax$1,376
Assessment$179,000
Home facts updated by county records

Comparable Sales for 2050 Shipman Is

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1984 Grant McMahan Blvd #1984, Ely, MN
0.58
Single-Family Home
$614,000
08/29/25
3
1
912
1984 Grant McMahan Blvd, Ely, MN
0.59
Single-Family Home
$614,000
08/29/25
3
1
912
1995 Pine Tree Trl, Ely, MN
1.16
Single-Family Home
$489,400
10/03/25
2
1
911
2009 Pine Tree Trl, Ely, MN
1.08
Single-Family Home
$780,000
07/25/25
2
2
1,760
2450 Newgord Dr, Ely, MN
1.31
Single-Family Home
$240,000
10/03/25
1
-
551
1776 Grant McMahan Blvd, Ely, MN
1.37
Single-Family Home
$279,255
08/18/25
1
-
314
85 W Chandler St, Ely, MN
1.45
Single-Family Home
$161,000
11/04/25
3
1
1,275
78 W Chandler St, Ely, MN
1.48
Single-Family Home
$187,000
07/28/25
3
1.5
1,420
105 N Klondike Dr, Ely, MN
1.62
Single-Family Home
$875,000
11/21/25
3
2.5
2,187
232 W Sheridan St, Ely, MN
1.67
Single-Family Home
$194,000
10/06/25
3
1
963

Assigned Schools

These are the assigned schools for 2050 Shipman Is.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Ely

At least 8 Trulia users voted on each feature.

  • 93 % Say there's wildlife

  • 90 % Say kids play outside

  • 89 % Say car is needed

  • 88 % Say parking is easy

  • 86 % Say it's quiet

  • 83 % Say yards are well-kept

  • 83 % Say it's dog friendly

  • 80 % Say there's holiday spirit

  • 78 % Say people would walk alone at night

  • 77 % Say it's walkable to restaurants

  • 75 % Say it's walkable to grocery stores

  • 75 % Say there are sidewalks

  • 73 % Say streets are well-lit

  • 72 % Say neighbors are friendly

  • 45 % Say there are community events

  • 36 % Say they plan to stay for at least 5 years

Learn more about our methodology.
  • Mavericksells
    "Ely is surrounded by forests and it’s a lovely, peaceful place to reside. There are wonderful restaurants, shops, a great movie theater and a variety of outdoor activities to choose from year round. "
    0
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  • Derek H.
    "Ely is located at the end of the road. No roads go to much further north due to the boundary waters canoe area which strictly prohibits dwellings or any man made structures. Ely can seem like a long way from anywhere at times and the community recognizes this and most willing are willing to help whoever and whenever the need may arise. We take care of our own and then some . "
    7
    Flag
  • Jennifer P.
    "Don't move here if you don't like being out in the woods. ppl on this town take care of each other. even if you're new. as long as you show you want to be part of Ely. "
    0
    Flag
  • Jennifer P.
    "as a new comer to ely try to get into activities around town, especially if you have younger children who are not school age. jobs are not always easy to find and though the cost of living is fairly low you do money can get tight quickly. ely is a nice town but it's hard on you too. more work for less. your kids are safe here but still know who you're talking to before hand."
    3
    Flag
  • Rvhall
    "There is no public transport in this neighborhood , but Arrowhead transport does run in town for a nominal fee and there are weekly trips to Virginia Mn."
    0
    Flag
  • Lora L.
    "We have cab service and in town bus service. It’s a 25 block walk from first place in town to last. Generally, the city park,police,fire,library dot,and shopping district are within 8 blocks from anywhere."
    0
    Flag

LGBTQ Local Legal Protections

Andrea Zupancich, Z' Up North Realty
Agent Phone: (218) 749-0159
Based on information submitted to the MLS GRID as of 2026-05-08 12:12:23 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
2050 Shipman Is, Ely, MN 55731 is a 2 bedroom, 560 sqft single-family home built in 2012. This property is currently available for sale and was listed by Lake Superior Area Realtors as distributed by MLS GRID on Mar 23, 2026. The MLS # for this home is MLS# 6124158.