Shagawa Lake Properties For Sale (5 Real Estate Listings)

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2279 Grant Mcmahan Boulevard, Ely

$1,750,000 Shagawa Lake

↓ $500,000

2279 Grant Mcmahan Boulevard, Ely

11 Acres 7,000 SqFt Commercial MLS® # 6231217

BRING OFFER! Full Service Boundary Waters Area Resort With BOOKS THAT EASILY SUPPORT THE ASKING PRICE. Set on paved road with 10.7 acres and 1,015 ft south facing lakeshore on beautiful S...

Janisch Realty, IncRegional Multiple Listing Service of Minnesota Logo

ACTIVE
1315 N 18th Avenue E, Ely

$699,000 Shagawa Lake

↓ $50,000

1315 N 18th Avenue E, Ely

2 Beds 3 Baths 1 Acres 1,766 SqFt Condo MLS® # 6108757

Opportunity to enjoy the northern lake-life in comfort and style! Newly-constructed, elegantly-designed, and energy-efficient home stands amidst the tall red pines and affords stunning views...

Jeff HwayRegional Multiple Listing Service of Minnesota Logo

ACTIVE
1161 Highway 169, Ely

$292,500 Shagawa Lake

↓ $32,000

1161 Highway 169, Ely

3 Beds 2 Baths 4 Acres 1,586 SqFt Single Family MLS® # 6107847

Mid Century Modern Tranquil Country Home Set In Towering Pines & Flowering Crabs On Natural Animal Corridor W/Road To Area For Dock & Boat On Shagawa River! Just 3 mi to town but feels deep ...

Lisa Janisch Janisch Realty Inc.Regional Multiple Listing Service of Minnesota Logo

Active
1161 Highway 169, Morse Twp

$292,500 Shagawa Lake

↓ $32,000

1161 Highway 169, Morse Twp

3 Beds 3 Baths 4 Acres 1,586 SqFt Single Family MLS® # 6364833

Mid Century Modern Tranquil Country Home Set In Towering Pines & Flowering Crabs On Natural Animal Corridor W/Road To Area For Dock & Boat On Shagawa River! Just 3 mi to town but feels deep ...

Janisch Realty, IncRegional Multiple Listing Service of Minnesota Logo

ACTIVE
Tbd Shagawa Lake, Ely

$75,000 Shagawa Lake

↓ $24,900

Tbd Shagawa Lake, Ely

1 Acres Land MLS® # 6100606

Beautiful island on Shagawa Lake! Conveniently located near Semers Park this island would make a great location for a boathouse and camping getaway. Island has been surveyed and is 1.4+/- ac...

Anna YahnkeRegional Multiple Listing Service of Minnesota Logo


As of December 4, 2023 there are 5 active Shagawa lake property listings for sale with an average listing price of $621,800. The highest-priced waterfront listing is $1,750,000, while the lowest priced waterfront listing can be purchased for $75,000. Shagawa lakeshore listings have an average price of $254 per square foot, based on listings with an average of 2.7 bedrooms, 2.7 bathrooms, and 2,388 square feet of living space.

Shagawa Lake Real Estate

Shagawa Lake in Ely, Minnesota is a pristine body of water surrounded by lush forests and home to some of the most breathtaking natural scenery in the country. With its clear waters, diverse wildlife, and numerous recreational opportunities, it's no wonder that Shagawa Lake has become a popular destination for those seeking a peaceful retreat from the hustle and bustle of modern life. For those who are considering buying real estate on Shagawa Lake, here's everything you need to know.

The Benefits of Buying Real Estate on Shagawa Lake

One of the biggest benefits of owning real estate on Shagawa Lake is the stunning natural beauty that surrounds it. The lake is situated in the heart of the Superior National Forest, providing a peaceful and serene environment for residents to enjoy. The area is home to a variety of wildlife, including bald eagles, loons, and black bears, making it a nature lover's paradise.

In addition to the natural beauty of the area, Shagawa Lake offers a wide range of recreational opportunities. Residents can fish for walleye, northern pike, and other species, as well as go boating, swimming, and kayaking on the lake's clear waters. The area is also popular for hiking and camping, with numerous trails and campsites nearby.

Real Estate Options on Shagawa Lake

There are a variety of real estate options available on Shagawa Lake, ranging from cozy cabins to spacious lake homes. Many properties offer stunning views of the lake and surrounding forests, as well as access to private docks and beaches. Prices for real estate on Shagawa Lake vary depending on the size and location of the property, but there are options available to fit a variety of budgets.

What to Consider When Buying Real Estate on Shagawa Lake

When considering buying real estate on Shagawa Lake, there are several factors to keep in mind. Here are a few things to consider:

  • Location: The location of the property can have a big impact on its value and your enjoyment of it. Properties that are located on the lake's eastern shore tend to be more desirable, as they offer stunning views of the sunset.
  • Property Features: Consider what features you want in a property, such as the size of the lot, the number of bedrooms and bathrooms, and whether the property has a dock or beach access.
  • Home Inspection: Before purchasing any property, it's important to have a thorough home inspection done. This can help identify any potential issues with the property, such as water damage or structural problems.

Final Thoughts

Buying real estate on Shagawa Lake in Ely, Minnesota can be an excellent investment for those looking for a peaceful and serene retreat in nature. With its stunning natural beauty, diverse wildlife, and numerous recreational opportunities, Shagawa Lake is a popular destination for those seeking a true escape from the stress of everyday life. With a variety of real estate options available, there's sure to be a property that fits your needs and budget.

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