This is the kind of Northwoods lake property buyers wait years to find! Privately tucked among mature trees on 2.65 wooded acres, this very well maintained chalet-style retreat offers more than 160 feet of sand frontage on peaceful Spectacle Lake. Neighboring homes are nearly hidden from view, creating a rare sense of seclusion while remaining convenient to Phelps. A comfortable approach leads to an exceptional swimming area, waterfront firepit, wheeled pier and included boat lift. Inside, a dramatic wall of lakeside windows fills the open-concept kitchen, dining and great room with natural light while framing expansive water views. The wood-burning stove adds warmth and classic Up North character, while the expansive wraparound lakeside deck is perfect for morning coffee, outdoor dining, entertaining or simply listening to the wonderful sounds of nature. The main level includes a spacious bedroom and full bath, while the upper loft provides flexible space for additional sleeping, a home office, or a quiet retreat. The finished walkout lower level adds a bright recreation room with lake views, pellet stove, butternut accent wall, built-in cedar-lined storage and a beautifully designed second full bath with a new tiled shower. An additional lower-level room is currently used as a bedroom but is nonconforming due to egress. A large utility room provides excellent storage and houses the mechanical systems. Additional features include forced-air propane heat, a 500-gallon propane tank (owned) and a propane-powered whole-house generator for added comfort and security. The 32x24 garage offers room for up to three vehicles and Northwoods toys, plus substantial upper-level storage currently used as a woodworking and hobby area. The pier and boat lift are included, and select furnishings may be negotiable. Peaceful water, tremendous privacy, remarkable sand frontage, quality construction, and unmistakable pride of ownership come together in one extraordinary package!
Sold for $720,000
$720,000
1386 E Point Ln, Phelps, WI 54554
2beds
2,456sqft
Single Family Residence
Built in 2003
2.65 Acres Lot
$720,100 Zestimate®
$293/sqft
$2,230 Estimated rent
Home value
$720,100
Estimated sales range
Not available
$2,230/mo
Zestimate® history
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List your homeWhat's special
Included boat liftPeaceful waterFinished walkout lower levelExceptional swimming areaSpacious bedroomButternut accent wallWaterfront firepit
Zillow last checked:
Listing updated:
Listed by:
JEREMY RYAN 262-308-5009,
ELIASON REALTY - EAGLE RIVER
Bought with:
JUDY BARR & ASSOCIATES, 56603 - 90
RE/MAX PROPERTY PROS
Source: GNMLS,MLS#: 218897
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: First
- Dimensions: 14'4x11'10
Bedroom
- Level: Basement
- Dimensions: 13'8x13'8
Bathroom
- Level: Basement
Bathroom
- Level: First
Dining room
- Level: First
- Dimensions: 9x14
Great room
- Level: First
- Dimensions: 18'5x23
Kitchen
- Level: First
- Dimensions: 16'2x13
Loft
- Level: Second
- Dimensions: 18'8x20'4
Recreation
- Level: Basement
- Dimensions: 30x14'5
Utility room
- Level: Basement
- Dimensions: 16x9'4
Heating
- Forced Air, Propane
Appliances
- Included: Dryer, Dishwasher, Electric Oven, Electric Range, Disposal, Microwave, Propane Water Heater, Refrigerator, Washer
- Laundry: Washer Hookup, In Basement
Features
- Ceiling Fan(s), Cathedral Ceiling(s), High Ceilings, Skylights, Vaulted Ceiling(s)
- Flooring: Carpet, Vinyl, Wood
- Windows: Skylight(s)
- Basement: Exterior Entry,Full,Finished,Interior Entry,Walk-Out Access
- Attic: None
- Has fireplace: No
- Fireplace features: Free Standing, Pellet Stove, Stone, Wood Burning
Interior area
- Total structure area: 2,456
- Total interior livable area: 2,456 sqft
- Finished area above ground: 1,528
- Finished area below ground: 928
Property
Parking
- Total spaces: 6
- Parking features: Detached, Garage, Storage, Driveway
- Garage spaces: 3
- Has uncovered spaces: Yes
Features
- Levels: One and One Half
- Stories: 1.5
- Patio & porch: Deck, Open
- Exterior features: Boat Lift, Dock, Landscaping, Gravel Driveway, Propane Tank - Owned
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Shoreline - Sand, Boat Ramp/Lift Access, Lake Front
- Body of water: SPECTACLE
- Frontage type: Lakefront
- Frontage length: 161,161
Lot
- Size: 2.65 Acres
- Dimensions: 160 x 800
- Features: Dead End, Lake Front, Private, Rural Lot, Secluded, Views, Wooded
Details
- Parcel number: 18175705
- Zoning description: All Purpose
- Other equipment: Generator
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Chalet/Alpine,One and One Half Story
- Property subtype: Single Family Residence
Materials
- Frame, Log Siding
- Foundation: Poured
- Roof: Composition,Shingle
Condition
- Year built: 2003
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: County Septic Maintenance Program - Yes, Conventional Sewer
- Water: Drilled Well
Community & HOA
Location
- Region: Phelps
Financial & listing details
- Price per square foot: $293/sqft
- Tax assessed value: $305,000
- Annual tax amount: $3,396
- Date on market: 8/6/2026
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2026 | Sold | $720,000+5.9%$293/sqft |
Source:  GNMLS #218897 Report a problem | ||
| 8/10/2026 | Contingent | $679,900$277/sqft |
Source: GNMLS #218897 Report a problem | ||
| 8/6/2026 | Listed for sale | $679,900$277/sqft |
Source: GNMLS #218897 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,167 +1.9% | $305,000 |
| 2023 | $3,106 -4.6% | $305,000 |
| 2022 | $3,254 +2.6% | $305,000 |
| 2021 | $3,171 -3% | $305,000 |
| 2020 | $3,270 -1.8% | $305,000 |
| 2019 | $3,329 +9.8% | $305,000 +6% |
| 2018 | $3,033 +3.8% | $287,800 |
| 2017 | $2,921 -1.2% | $287,800 |
| 2016 | $2,956 -0.8% | $287,800 |
| 2015 | $2,979 +3.4% | $287,800 |
| 2014 | $2,880 -10.1% | $287,800 |
| 2013 | $3,204 | $287,800 |
Find assessor info on the county website
Neighborhood: 54554
Nearby homes
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Nearby schools
GreatSchools rating
- 5/10Phelps Elementary SchoolGrades: PK-8Distance: 5.1 mi
- 9/10Phelps High SchoolGrades: 9-12Distance: 5.1 mi
Schools provided by the listing agent
- Elementary: VI Phelps
- Middle: VI Phelps
- High: VI Phelps
Source: GNMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Wisconsin
- Vilas County
- Phelps
- 54554
- 1386 E Point Ln
