Shagawa Lake Properties For Sale (5 Real Estate Listings)
As of October 9, 2026 there are 5 active Shagawa lake property listings for sale with an average listing price of $. The highest-priced waterfront listing is $, while the lowest priced waterfront listing can be purchased for $. Shagawa lakeshore listings have an average price of $ per square foot, based on listings with an average of bedrooms, bathrooms, and 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.