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David Eliason

david@eliasonrealty.com +1(715) 493-9141

$ 1,250,000

Est. payment -/mo

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N16517 LAKESHORE DR Butternut, WI 54514

3 Beds

2 Baths

4,466 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,466 sqft

Price per Sqft $279

MLS Listing ID 216957

Style One Story

Bedrooms 3

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 2,266

Year Built 1940

Annual Tax Amount $14,128

Tax Year 2025

Lot Size 3.800 Acres

Acres 3.8

Property Sub-Type Single Family Residence

Body of Water BUTTERNUT

Property Description

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.

Location

State WI

County Price

Direction Heading North on Hwy 13, turn left on Lakeshore Drive, property will be on left side.

Body of Water BUTTERNUT

Rooms

Other Rooms Boat House, Guest House, Shed(s)

Basement Unfinished

Interior

Interior Features Ceiling Fan(s), Bath in Primary Bedroom, Main Level Primary

Heating Forced Air, Natural Gas

Cooling Wall/Window Unit(s)

Flooring Carpet, Concrete, Tile, Wood

Fireplaces Number 1

Fireplaces Type Multiple

Fireplace Yes

Appliance Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer/Dryer

Exterior

Exterior Feature Dock, Landscaping, Shed

Parking Features Storage

Waterfront Description Shoreline - Sand,Shoreline - Gravel,Lake Front

View Y/N Yes

Water Access Desc Drilled Well

Roof Type Composition,Shingle

Street Surface Paved

Porch Deck, Open

Road Frontage Town Road

Building

Lot Description Lake Front, Retaining Wall

Foundation Block

Sewer Conventional Sewer

Water Drilled Well

Level or Stories One

Additional Building Boat House, Guest House, Shed(s)

Others

Tax ID 15222, 15521, 15520

Ownership Fee Simple

Listed by UNITED COUNTRY REAL ESTATE / NORTHERN WI LIFESTYLE PROPERTIES

NEARBY SCHOOLS & PROPERTIES

David Eliason

Broker Associate

+1(715) 493-9141

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