Shagawa Lake Properties For Sale (8 Real Estate Listings)

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ACTIVE
1876 Grant Mcmahan Boulevard, Ely

$779,000 Shagawa Lake

1876 Grant Mcmahan Boulevard, Ely

3 Beds 2 Baths 3 Acres 2,360 SqFt Single Family MLS® # 6112633

Welcome to 1876 Grant. This 3bed, 2bath log home is nestled on 2.7 acres (1.5 across bay) with 778ft of shoreline on Shagawa Lake. The home is a perfect blend of rustic & contemporary comfor...

Regional Multiple Listing Service of Minnesota Logo

Active
1876 Grant Mcmahan Boulevard, Morse Twp

$779,000 Shagawa Lake

1876 Grant Mcmahan Boulevard, Morse Twp

3 Beds 2 Baths 3 Acres 2,360 SqFt Single Family MLS® # 6502456

Welcome to 1876 Grant. This 3bed, 2bath log home is nestled on 2.7 acres (1.5 across bay) with 778ft of shoreline on Shagawa Lake. The home is a perfect blend of rustic & contemporary comfor...

Side by Side Realty LLCRegional Multiple Listing Service of Minnesota Logo

Active Contingent
2165 Highway 169, Ely

$759,000 Shagawa Lake

2165 Highway 169, Ely

3 Beds 3 Baths 4 Acres 2,671 SqFt Single Family MLS® # 6487797

The best lake living in the Northland! 2010 upscale custom built gem on Shagawa Lake, 2 miles from Ely. 2400 acre lake with excellent fishing and water clarity in Longstorff Bay. Beautiful...

HomeAvenue IncRegional Multiple Listing Service of Minnesota Logo

ACTIVE
1315 N 18th Avenue E, Ely

$674,000 Shagawa Lake

↓ $25,000

1315 N 18th Avenue E, Ely

2 Beds 3 Baths 1 Acres 1,766 SqFt Condo MLS® # 6112142

Beautiful, newly built custom home ideally located in Ely’s Spaulding Addition nestled along the shores of Shagawa Lake! Delight in all the comforts of year round lakeshore living with the a...

Lori SchulzeRegional 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
Xxx Grant Mcmahan Boulevard, Ely

$169,900 Shagawa Lake

Xxx Grant Mcmahan Boulevard, Ely

6 Acres Land MLS® # 6112994

Large +-5.6 acre parcel on Shagawa Lake with southern exposure and +-319' of shoreline. The property rises 130' in elevation as you move away from the lake offering amazing views through tre...

Chris Eilrich Wildwoods Land CompanyRegional Multiple Listing Service of Minnesota Logo

ACTIVE
Xxx Highway 169, Ely

$169,000 Shagawa Lake

Xxx Highway 169, Ely

5 Acres Land MLS® # 6113017

This large lake lot adjoins Federal Land and it is located in a quiet bay on the southwest corner of Shagawa Lake. The property has +-5.4 acres and +-457' of shoreline along with the mouth o...

Chris Eilrich Wildwoods Land CompanyRegional Multiple Listing Service of Minnesota Logo


As of May 27, 2024 there are 8 active Shagawa lake property listings for sale with an average listing price of $489,363. The highest-priced waterfront listing is $779,000, while the lowest priced waterfront listing can be purchased for $169,000. Shagawa lakeshore listings have an average price of $282 per square foot, based on listings with an average of 2.8 bedrooms, 2.5 bathrooms, and 1,541 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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