An illuminated-heated ice fishing system. The system includes a plurality of sidewalls and a top wall in hinged communication and wherein the device is capable of folding up for storage. The system includes a heated lantern to heat and illuminate a spool of the device. The spool is removably affixed to a sidewall of the device and includes a reflective surface directed towards the interior of the device to reflect the light from the lantern. The sidewalls have a bottom portion comprised of a thermoplastic material for contacting the ice surface.
