OFF MARKET

Off market nov 2016 for $283K

$476,847

Est. refi paymentEst. refi $1,935/mo

•

1,544

sq ft

1956 Shagawa Rd, Ely, MN 55731

About this home

Shagawa Lake Million Dollar View! New log sided home sits just 59 feet from the water on this west facing pine studded lot. Home features 2 bedrooms and 2 baths with in floor hot water heat, Hickory cabinets, tong and groove pine interior, granite counter tops, stamped concrete floors, Gas Fireplace and more. Expansive view down the lake through the all glass wall on the lake side! Cathedral ceilings in the living room and kitchen and trapezoid windows above the kitchen offer tremendous amount of natural lighting. All of this on a premier walleye lake for only! $299,900.

Single-familyProperty Type

2016Year Built

0.68 acresLot Size

$309Est. Price/Sq.Ft.

Listed by Mark Larson • Wildwoods Land Company

Bought with Lori Schulze • Wildwoods Land Company

Redfin checked: a minute ago

•Source:LSAR as distributed by WIREX #6025634

Redfin Estimate

$476,847

$193K since sold in November 2016$8,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 14.5% lower than the average sale price ($558K) of 6 comparable homes.

SOLD OCT 1, 2026
$418,000
A
2 beds2 baths— sq ft
2734 Bear Island River Rd, Ely, MN 55731
SOLD JUL 29, 2026
$610,000
B
2 beds2 baths— sq ft
1787 N Bay Rd, Ely, MN 55731
SOLD JAN 30, 2026
$665,000
C
3 beds2 baths1,296 sq ft
2796 Clayton Rd, Ely, MN 55731
SOLD MAY 1, 2026
$626,000
D
2 beds2 baths1,258 sq ft
1471 N Pioneer Rd, Ely, MN 55731
SOLD AUG 24, 2026
$178,000
E
3 beds2 baths1,472 sq ft
2 E Conan St, Ely, MN 55731
SOLD SEP 25, 2026
$850,000
F
3 beds1 bath1,560 sq ft
3003 Burntside Ridge Rd, Ely, MN 55731

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Refinance

Est. cash available

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Market trends in 55731, MN

Last updated September 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

93.8%

1.2% MoM

Median sale price

$273K

$4K MoM

Avg. days on market

62d

20 days MoM

Recently sold homes

7 MoM

New listings for sale

3D WALKTHROUGH
$499,000
2 beds1 bath832 sq ft
190 Onigum Trl, Ely, MN 55731
$675,000
2 beds1 bath960 sq ft
2166 Passi Rd, Ely, MN 55731
3D WALKTHROUGH
$585,000
2 beds2 baths1,775 sq ft
1877 Echo Trl, Ely, MN 55731
$390,000
4 beds2 baths1,400 sq ft
000 Fernberg Rd, Fall Lake Township, MN 55731
3D WALKTHROUGH
$674,000
4 beds2 baths2,720 sq ft
139 Fernberg Rd, Ely, MN 55731
$169,000
3 beds1 bath1,087 sq ft
34 N Klondike Dr, Ely, MN 55731
3D WALKTHROUGH
$450,000
2 beds2 baths1,260 sq ft
1875 Echo Trl, Ely, MN 55731
$429,900
2 beds1 bath998 sq ft
2793 Wolf Track Trl, Ely, MN 55731
See all

Provided by Redfin

Sale history for 1956 Shagawa Rd

Date

Event

Price

Public Records

Dec 5, 2016

Sold

$85,000

$55/sq ft

Public Records

Dec 5, 2016

Sold

$283,485

$184/sq ft

LSAR as distributed by WIREX #6025634

Nov 23, 2016

Sold

$283,500

$184/sq ft

Oct 4, 2016

Listed

$299,900

$194/sq ft

RAOR #130654

Nov 23, 2016

Sold

$283,500

$184/sq ft

Oct 3, 2016

Listed

$299,900

$194/sq ft

Shagawa Lake Million Dollar View! New log sided home sits just 59 feet from the water on this west facing pine studded lot. Home features 2 bedrooms and 2 baths with in floor hot water heat, Hickory cabinets, tong and groove pine interior, granite counter tops, stamped concrete floors, Gas Fireplace and more. Expansive view down the lake through the all glass wall on the lake side! Cathedral ceilings in the living room and kitchen and trapezoid windows above the kitchen offer tremendous amount of natural lighting. Home is under construction and will be finished soon. Don' wait or you will miss it! All of this on a premier walleye lake for only! $299,900.

Year

Property tax

Land + Additions

Assessment*

2026

$3,020 (−31.8%)

$164,501 + $211,542

$376,043

2025

$4,430 (−10.3%)

$169,600 + $207,100

$376,700

2024

$4,938 (+6.1%)

$183,600 + $241,900

$425,500

2023

$4,652 (+9.5%)

$167,600 + $198,200

$365,800

2022

$4,250 (+17.5%)

$135,700 + $166,600

$302,300

2021

$3,616 (+6.0%)

$135,700 + $166,600

$302,300

2020

$3,412 (−0.7%)

$135,700 + $166,600

$302,300

2019

$3,436 (+10.4%)

$135,500 + $170,600

$306,100

2018

$3,112 (+152.2%)

$129,200 + $148,900

$278,100

2017

$1,234 (+73.8%)

$82,200 + $34,600

$116,800

2014

$710 (−10.4%)

$65,300

2013

$792

$72,300

Tax history for 1956 Shagawa Rd

Year

Property tax

Land + Additions

Assessment*

2026

$3,020 (−31.8%)

$164,501 + $211,542

$376,043

2025

$4,430 (−10.3%)

$169,600 + $207,100

$376,700

2024

$4,938 (+6.1%)

$183,600 + $241,900

$425,500

2023

$4,652 (+9.5%)

$167,600 + $198,200

$365,800

2022

$4,250 (+17.5%)

$135,700 + $166,600

$302,300

2021

$3,616 (+6.0%)

$135,700 + $166,600

$302,300

2020

$3,412 (−0.7%)

$135,700 + $166,600

$302,300

2019

$3,436 (+10.4%)

$135,500 + $170,600

$306,100

2018

$3,112 (+152.2%)

$129,200 + $148,900

$278,100

2017

$1,234 (+73.8%)

$82,200 + $34,600

$116,800

2014

$710 (−10.4%)

$65,300

2013

$792

$72,300

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

1.7

Lot width

—

Lot depth

—

Lot size

0.71 Acres

Year renovated

—

Sq. Ft.

1,375

Year built

2015

Style

Other

County

St. Louis County

APN

465-0051-00040

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 7, 2026.

Property details

Parking

Parking/Garage Information
Parking Features: Off Street, Gravel, None

Interior

Bathroom Information
# of Full Bathrooms: 2

Heating & Cooling
Cooling: None
Has Heating
Heating: Radiant, Propane, Floor Furnace

Interior Features
Interior Features: Ceiling Fan(s), Eat-in Kitchen, Natural Woodwork, Vaulted Ceiling(s), Master Downstairs
Has Fireplace
Fireplace Features: Gas

Room Information
Laundry Features: Washer Hookup, Main Level

Exterior

Exterior Features
Patio And Porch Features: Deck
Roof: Asphalt, Shingle

Building Information
Above Grade Finished Area: 1,544
# of Stories Total: 1
Construction Materials: Log
Foundation Details: Slab

Property Features
On Waterfront
Waterfront Features: Lake
Has View
Accessibility Features: Accessible Doors

Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Raw Mls Property Sub Type: Single Family Detached

Lot Information
Lot Features: Many Trees
Water Body Name: Shagawa
Road Responsibility: Public Maintained Road
Road Frontage Type: County Road
Lot Size Dimensions: 163 x 217
Lot Size Acres: 0.68

Financial

Tax Information
Tax Annual Amount: $716

Utilities

Utility Information
Water Source: Private
Sewer: Private Sewer

Location

Schools Information
High School District: Ely #696

Location Information
Directions: Go north on Central Avenue in Ely to Shagawa Road, take a left, stay on the road for about a 1 mile until you see sign and FN 1956.

Public facts

Beds: 2
Baths: 2.0
Sq. Ft.: 1,375
Stories: 1.7
Lot Size: 0.71 acres
Style: Other
Year Built: 2015
Year Renovated: —
County: St. Louis County
APN: 465-0051-00040

Home facts updated by county records on Aug 7, 2026

Around this home

Schools

Washington Elementary School

Public PreK-5 • Assigned • 1.4mi

6/10

Memorial Middle School

Public 6-8 • Assigned • 1.4mi

7/10

Memorial Secondary

Public 9-12 • Assigned • 1.4mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.31% chance of being in a wildfire in next 30 years

1/10 Heat Factor

7 days above 92° expected this year, 12 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

2/10 Air Factor

0 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Ely, MN • 55731

Average low and high temperatures (°F)

-5

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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New listings for sale in 55731

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3D WALKTHROUGH

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Home values near 1956 Shagawa Rd

Data from public records.

Address	Redfin Estimate
1971 West Shagawa Rd, Ely, MN 3 Beds \| 3 Baths \| 2595 Sq. Ft.	$777,903
1951 West Shagawa Rd, Ely, MN 2 Beds \| 2 Baths \| 748 Sq. Ft.	$276,180

Address	Redfin Estimate
1936 West Shagawa Rd, Ely, MN 3 Beds \| 3 Baths \| - Sq. Ft.	$501,292
1988 West Shagawa Rd, Ely, MN 2 Beds \| 2 Baths \| - Sq. Ft.	$416,223

Address	Redfin Estimate
1933 West Shagawa Rd, Ely, MN 3 Beds \| 2.5 Baths \| 3400 Sq. Ft.	$975,381
1950 West Shagawa Rd, Ely, MN 3 Beds \| 2.5 Baths \| 2400 Sq. Ft.	$731,458

Property information provided by LSAR as distributed by WIREX when last listed in 2016. This data may not match . Learn more.

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