An irreplaceable investment opportunity on the crystal-clear waters of Martha Lake. This sprawling, highly unique property boasts nearly 19 pristine acres and approximately 1,000 feet of coveted, western-facing lake frontage. The beautifully wooded acreage features a perfectly level topography with a gentle, moderate slope ideal for a walk-out basement design. Steeped in history as a former vintage resort, the expansive parcel offers unparalleled privacy close to town and immediate potential to either create a grand, private estate or subdivide for a lucrative return. The property includes a 3-bedroom main home with a full basement, an oversized 2-car garage with a private upper-level deck, and three historic 1920s log cabins—including one sitting directly at the water's edge—awaiting your vision. Properties on this pristine, "gin-clear" lake are exceptionally rare; the true value is in this massive, versatile footprint.
For sale
$888,000
1992 W Diamond Rd, Mercer, WI 54547
3beds
2,460sqft
Single Family Residence
Built in ----
18.78 Acres Lot
$-- Zestimate®
$361/sqft
$-- HOA
What's special
Full basementBeautifully wooded acreagePrivate upper-level deck
- 21 days |
- 741 |
- 37 |
Zillow last checked:
Listing updated:
Listed by:
MICKI PIERCE-HOLMSTROM 715-476-2111,
CENTURY 21 PIERCE REALTY - MERCER
Source: GNMLS,MLS#: 217297
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: First
- Dimensions: 15'6x11'7
Bedroom
- Level: First
- Dimensions: 9'4x8'7
Bedroom
- Level: First
- Dimensions: 9'7x7'3
Bathroom
- Level: First
Dining room
- Level: First
- Dimensions: 17x7'9
Florida room
- Level: First
- Dimensions: 15'11x7'7
Kitchen
- Level: First
- Dimensions: 15'10x7'8
Living room
- Level: First
- Dimensions: 19'6x11'7
Heating
- Forced Air, Propane
Appliances
- Included: Dryer, Dishwasher, Electric Oven, Electric Range, Refrigerator, Washer
- Laundry: Washer Hookup, In Basement
Features
- Flooring: Vinyl, Wood
- Basement: Exterior Entry,Full,Interior Entry,Walk-Out Access
- Number of fireplaces: 1
- Fireplace features: Masonry, Wood Burning
Interior area
- Total structure area: 2,460
- Total interior livable area: 2,460 sqft
- Finished area above ground: 1,260
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage, Two Car Garage, Storage
- Garage spaces: 2
Features
- Stories: 1
- Exterior features: Propane Tank - Owned
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Shoreline - Sand, Lake Front
- Body of water: MARTHA
- Frontage type: Lakefront
- Frontage length: 1000,1000
Lot
- Size: 18.78 Acres
- Features: Dead End, Lake Front, Level, Private, Secluded, Sloped, Views, Wooded
Details
- Additional structures: Guest House
- Parcel number: 0122829 & 1228130000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin,Ranch
- Property subtype: Single Family Residence
Materials
- Cedar, Frame, Log
- Foundation: Block
- Roof: Metal
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Conventional Sewer
- Water: Driven Well, Well
Community & HOA
Location
- Region: Mercer
Financial & listing details
- Price per square foot: $361/sqft
- Tax assessed value: $456,000
- Annual tax amount: $6,655
- Date on market: 5/22/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2026 | Listed for sale | $888,000-6.4%$361/sqft |
Source:  GNMLS #217297 Report a problem | ||
| 12/30/2025 | Listing removed | $949,000$386/sqft |
Source: GNMLS #213797 Report a problem | ||
| 8/13/2025 | Listed for sale | $949,000$386/sqft |
Source: GNMLS #213797 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,388 +15.3% | $456,000 |
| 2023 | $5,539 -11.4% | $456,000 |
| 2022 | $6,253 +1.3% | $456,000 |
| 2021 | $6,175 -0.4% | $456,000 |
| 2020 | $6,202 +9.6% | $456,000 |
| 2019 | $5,658 -0.9% | $456,000 |
| 2018 | $5,709 +4% | $456,000 |
| 2017 | $5,490 +7.6% | $456,000 |
| 2016 | $5,101 +2.6% | $456,000 |
| 2015 | $4,972 +0.4% | $456,000 |
| 2014 | $4,951 -13.2% | $456,000 |
| 2013 | $5,702 +11.9% | $456,000 |
| 2012 | $5,096 -3.2% | $456,000 |
| 2011 | $5,265 | $456,000 |
| 2010 | -- | $456,000 |
| 2009 | -- | $456,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 54547
Nearby schools
GreatSchools rating
- 5/10Mercer SchoolGrades: PK-12Distance: 1.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Wisconsin
- Iron County
- Mercer
- 54547
- 1992 W Diamond Rd
Nearby cities
Nearby zip codes
Other Mercer Topics
