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
- 163 days
- 316
- 23
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
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 | Listed for sale | $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




