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For sale
  • $1,250,000

    N16517 Lakeshore Dr, Butternut, WI 54514

    3beds
    4,466sqft
    : 
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    Single Family Residence
    Built in 1940
    3.8 Acres Lot
    $-- Zestimate®
    $280/sqft
    $-- HOA

    What's special

    Spacious dining areaExcellent waterfront accessPremium pier systemKayaks and a canoe
    Butternut Lake Lodge is a rare Northwoods opportunity offering exceptional versatility, strong income potential, and true turnkey operation. Currently run as a successful resort property, this estate can serve as a private single-family home, multi-generational retreat, bed & breakfast, corporate getaway, or full-scale resort—delivering “The Northwoods experience elevated.” Set on 3.8 acres with approximately 300’ of frontage on Butternut Lake, the property features highly sought-after western exposure for breathtaking sunsets and is positioned near the deepest point of the lake. Butternut Lake is a 1,006-acre full recreation lake known for excellent fishing, boating, two lakeside restaurants, and popular sandbars. The main Lodge offers authentic log construction with modern comforts, including 3 bedrooms, 2 full baths, a chef’s kitchen with granite countertops, spacious dining area, and a dramatic living room with soaring log ceilings and a stone fireplace. High-speed fiber internet and full-property Wi-Fi enhance usability. A separate Suites building includes four themed suites—Hunter, Pioneer, Angler, and Logger—each with private baths, kitchenettes, fireplaces, and patio access. Additional amenities include the “Tackle Box” guest commons and a Provisions gift shop. Outdoor highlights include a boathouse with rooftop sunset deck, premium pier system, and excellent waterfront access. The level yard offers fire pits, volleyball court, and ample recreation space, along with kayaks and a canoe. With an established website, booking system, and a loyal repeat guest base built largely through word-of-mouth, there is significant upside through expanded marketing and advertising. A truly unique lakeside retreat and investment opportunity. Additional information regarding improvements and property details available upon request.
    62 days
    |
    660
    |
    20
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    MATT SCHULTZ 715-518-9041,

    UNITED COUNTRY REAL ESTATE / NORTHERN WI LIFESTYLE PROPERTIES,

    BRITTANY SCHULTZ 715-661-4976,

    UNITED COUNTRY REAL ESTATE / NORTHERN WI LIFESTYLE PROPERTIES

    Source: GNMLS,MLS#: 216957MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Bedroom
      • Level: First
      • Dimensions: 11x18
      Bedroom
      • Level: First
      • Dimensions: 10x16
      Bedroom
      • Level: First
      • Dimensions: 13x18
      Bathroom
      • Level: First
      Bathroom
      • Level: First
      Dining room
      • Level: First
      • Dimensions: 19x23
      Kitchen
      • Level: First
      • Dimensions: 13x26
      Living room
      • Level: First
      • Dimensions: 18x29
      Heating
      • Forced Air, Natural Gas
      Cooling
      • Wall/Window Unit(s)
      Appliances
      • Included: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer/Dryer
      Features
      • Ceiling Fan(s), Bath in Primary Bedroom, Main Level Primary
      • Flooring: Carpet, Concrete, Tile, Wood
      • Basement: Unfinished
      • Number of fireplaces: 1
      • Fireplace features: Multiple
      Interior area
      • Total structure area: 4,466
      • Total interior livable area: 4,466 sqft
      • Finished area above ground: 2,266
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Storage
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Deck, Open
      • Exterior features: Dock, Landscaping, Shed
      • Has view: Yes
      • On waterfront: Yes
      • Waterfront features: Shoreline - Sand, Shoreline - Gravel, Lake Front
      • Body of water: BUTTERNUT
      • Frontage type: Lakefront
      • Frontage length: 300,300
      Lot
      • Size: 3.8 Acres
      • Features: Lake Front, Retaining Wall
      Details
      • Additional structures: Boat House, Guest House, Shed(s)
      • Parcel number: 15222, 15521, 15520

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: One Story
      • Property subtype: Single Family Residence
      Materials
      • Composite Siding, Log, Log Siding, Masonite
      • Foundation: Block
      • Roof: Composition,Shingle
      Condition
      • Year built: 1940

      Utilities & green energy

      • Sewer: Conventional Sewer
      • Water: Drilled Well

      Community & HOA

      Location
      • Region: Butternut

      Financial & listing details

      • Price per square foot: $280/sqft
      • Tax assessed value: $350,800
      • Annual tax amount: $14,128
      • Date on market: 5/8/2026
      • Ownership: Fee Simple
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/8/2026Listed for sale$1,250,000$280/sqft
        Source: GNMLS #216957 Report a problem
        6/1/2025Listing removed$1,250,000$280/sqft
        Source: GNMLS #209541 Report a problem
        10/19/2024Listed for sale$1,250,000+75.8%$280/sqft
        Source: GNMLS #209541 Report a problem
        9/21/2020Sold$711,000-28.1%$159/sqft
        Source: Public Record Report a problem
        1/10/2019Listing removed$989,000$221/sqft
        Source: HILGART REALTY INC #162434 Report a problem
        11/14/2018Price change$989,000-29.4%$221/sqft
        Source: HILGART REALTY INC #162434 Report a problem
        1/23/2017Listed for sale$1,400,000$313/sqft
        Source: HILGART REALTY INC #162434 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$4,989 +8.6%$330,600
        2023$4,596 +267.6%$330,600 +392.7%
        2022$1,250 -2.3%$67,100
        2021$1,279 +12%$67,100
        2020$1,143 $67,100
        2019$1,143 +7.2%$67,100
        2018$1,065 +9.5%$67,100
        2017$973 +1.8%$67,100
        2016$956 +5.6%$67,100
        2015$906 +1.5%$67,100
        2014$892 -3.4%$67,100
        2013$924 -2.1%$67,100
        2012$944 +889.8%$67,100
        2011$95 -91.3%$67,100
        2010$1,095 $67,100

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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: 54514

        Getting around

        1 / 100
        Car-Dependent
        24 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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