Morse Town Of
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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!
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Home facts
Facts & features
Interior
- Bedrooms
- 2
- Bathrooms
- 0
- Heating
- Space Heater
- Cooling
- None
- Appliances
- Range, Refrigerator
- Basement
- None · 0 sqft finished
Property
- Levels / stories
- One
- Parking features
- None
- Patio & porch
- Deck
- Exterior features
- Wood
- Waterfront
- Lake Front
- Lot size
- 1.75 acres
Construction
- Property type
- Residential
- Property subtype
- Single Family
- Construction materials
- Frame
- Foundation
- Other, Stone · 459 sqft
- Roof
- Asphalt
- Year built
- 2012
Utilities
- Water
- Well
- Sewer
- Private Sewer
- Fuel
- Other, Propane
- Electric
- Other
Community & HOA
- Subdivision
- Morse Town Of
- HOA
- No HOA
- School district
- 696 - Ely
- High school district
- Ely
Financial & listing details
- Annual tax
- $1,653 (2026)
- Listed
- Mar 30, 2026
- Days on market
- 133 · 108 cumulative
- Manufactured home
- Yes
Interior details
Exterior & lot
Utilities
Parking & garage
Financial details
Schools
How SODL buyer credits work
When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.
- Tour homes with SODL’s flexible showing network
- Submit offers and manage your transaction through the platform
- Keep more money at closing through transparent flat-fee pricing
A clear, modern way to buy with expert guidance and meaningful savings.
Estimated monthly payment
These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.
Location
2050 Shipman, Ely, MN, 55731
Listing information
Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.
