- 3 beds
- 1 bath
- 912 sqft
- ~5 acre lot
- $645 per sqft
- 1963 build
- – on site
Welcome to 1984 Grant McMahan Ely, MN. This is a 3 bedroom, 1 bath cabin located on highly desirable Shagawa Lake. Stepping onto this property feels like arriving at your own Boundary Waters campsite. The cabin sits on 5 private acres, with 700 ft of shoreline giving this Ely gem the perfect blend of nature and lake home living. As you stroll through the land, it is easy to notice how unique the property is. The lot is relatively open and flat with a slight slope to the water's edge. As you move East along the shore you will be able to hike a man made trail that takes you through the property’s woods and elevations where you can rest at a vista point to look out over Shagawa. Inside the cabin, you’ll find an updated 3 bed, 1 bath home with charm and craftsmanship throughout. The custom kitchen cabinets, warm finishes, and approachable layout make it both cozy and functional. The crown jewel is the oversized deck. It is ideal for outdoor dining, relaxing in the sun, or soaking in the sounds of the surrounding wilderness. Two bonus structures on the land need a little TLC but add value to this property. One is a guest house perfect for an extra bunk room or home office, and a sauna just inches from the shoreline. Finally, an oversized 2 stall garage provides ample room for all your outdoor gear, boats, and toys. Whether you're looking for a peaceful retreat or a basecamp for adventures, this cabin is a beauty that has it all. Don’t miss this opportunity to own a legacy property just minutes from downtown Ely.
Last checked:
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Last updated Jul 4, 2025
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MLS# 6120520 —
The Building
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Construction Type:Concrete Block
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Roof:Metal
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Stories:1
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Exterior:Cement Board
Interior
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Amenities:Natural Woodwork, Sauna
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Dining:Informal Dining Room
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Basement Style:Crawl Space
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Basement Material:Concrete Block
Financial & Terms
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Potential Short Sale:no
Location
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Latitude:47.925067
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Longitude:-91.893306
The Property
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Subtype:SF/Detached
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Lot Description:medium tree coverage
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5Acres:
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Road Between Waterfront and Home:no
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Waterfront Name:Shagawa
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Waterfront:yes
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Classification:NonHomestead
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Zoning (WI):Residential
Listing Agent
- Contact info:
- Agent phone:
- (773) 318-2989
Beds
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Main Floor Bedroom:1
Baths
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Bath Description:Full Main Floor
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Main Floor Bath:Yes
The Listing
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Terms:Cash, Conventional, FHA, USDA, VA DVA
Heating & Cooling
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Heat:Boiler
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Air Conditioning:Central
Utilities
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Sewer:Holding Tank
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Water:Drilled
Appliances
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Appliances:Dryer, Range/Stove, Refrigerator, Washer
Schools
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School District:Ely #696
The Community
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Waterfront Description:lake superior
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Waterfront Access:Private
Parking
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Garage Type:Detached
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Garage Dimensions:30x24
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Parking/Driveway:Driveway - Gravel
Extra Units
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Outbuilding Description:Rustic Cabin
Monthly cost estimate

Asking price
$589,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,153
|
Taxes | $329 |
Insurance | $161 |
Utilities | $180 See report |
Total | $3,823/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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7/3/25
Jul 3, 2025
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Listed / Active | DAAR | $589,000 |