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.
For sale
$1,250,000
N16517 Lakeshore Dr, Butternut, WI 54514
3beds
4,466sqft
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
- 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#: 216957
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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
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Listed for sale | $1,250,000$280/sqft |
Source: | ||
| 6/1/2025 | Listing removed | $1,250,000$280/sqft |
Source: | ||
| 10/19/2024 | Listed for sale | $1,250,000+75.8%$280/sqft |
Source: | ||
| 9/21/2020 | Sold | $711,000-28.1%$159/sqft |
Source: Public Record Report a problem | ||
| 1/10/2019 | Listing removed | $989,000$221/sqft |
Source: HILGART REALTY INC #162434 Report a problem | ||
| 11/14/2018 | Price change | $989,000-29.4%$221/sqft |
Source: HILGART REALTY INC #162434 Report a problem | ||
| 1/23/2017 | Listed for sale | $1,400,000$313/sqft |
Source: HILGART REALTY INC #162434 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | $67,100 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 54514
Nearby schools
GreatSchools rating
- 6/10Park Falls Elementary SchoolGrades: PK-5Distance: 3.5 mi
- 6/10Chequamegon Middle SchoolGrades: 6-8Distance: 11.8 mi
- 9/10Chequamegon High SchoolGrades: 9-12Distance: 3.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Wisconsin
- Price County
- Butternut
- 54514
- N16517 Lakeshore Dr



