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David Eliason

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

$ 897,000

Est. payment -/mo

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5256 HWY 51 #51 Manitowish Waters, WI 54545

3 Beds

5 Baths

3,253 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,253 sqft

Price per Sqft $275

MLS Listing ID 219896

Style One Story

Bedrooms 3

Full Baths 3

Half Baths 2

HOA Y/N No

Abv Grd Liv Area 3,253

Annual Tax Amount $2,250

Tax Year 2025

Lot Size 1.160 Acres

Acres 1.1600091

Property Sub-Type Single Family Residence

Property Description

Exceptional turn-key investment and lifestyle opportunity in the heart of Manitowish Waters. Seller financing available for qualified Buyers! This completely renovated 3,200+ sq. ft. community business zoned triplex combines modern luxury, flexible use, and exceptional Northwoods recreation. The property features three beautifully updated units with brand-new high-end furnishings, private exterior entrances, and secure interior connections - allowing the building to operate as three separate rentals or one expansive residential compound with sleeping 10+ comfortably. A centrally located common laundry room supports convenient living or efficient rental turnover, while a private gated entrance adds security and privacy. The property is ideally situated near snowmobile trails, biking paths, and a local boat landing providing access to the renowned Manitowish Chain of Lakes for boating, fishing, and watersports. Adding significant versatility is close to an acre behind the building with its own independent access from Townline Road. The additional acreage offers space and potential for outbuildings, detached garages, boat/RV storage, or future development. Community Business zoning provides flexibility for a variety of potential uses, including residential, corporate or long-term rentals, short-term vacation rentals, boutique hospitality, professional office space, or a live/work configuration. Ideal for an investor, hospitality entrepreneur, owner-occupant, or multi-generational family seeking a unique Northwoods property with income and expansion potential. Offered at $897,000, with flexible owner-financing options available to qualified buyers. Great location on USH 51 and WI DOT shows 4,600 vehicles pass per day! A rare combination of luxury, versatility, recreation, and investment potential in one of Wisconsin's premier year-round destinations.

Location

State WI

County Vilas

Community Shopping, Skiing

Zoning Other

Direction From Manitowish Waters, go South on HWY 51 for about 5 miles to property on the left.

Rooms

Basement Crawl Space

Interior

Interior Features Main Level Primary

Heating Forced Air, Hot Water, Natural Gas, Radiant Floor

Cooling Central Air

Flooring Ceramic Tile, Luxury Vinyl Plank, Slate, Wood

Fireplaces Number 2

Fireplaces Type Electric

Furnishings Furnished Or Unfurnished

Fireplace Yes

Appliance Dishwasher, Electric Oven, Electric Range, Gas Water Heater, Microwave, Refrigerator, Washer

Laundry Main Level

Exterior

Exterior Feature Deck, Landscaping, Paved Driveway

Parking Features No Garage, Driveway

Community Features Shopping, Skiing

Water Access Desc Drilled Well

Roof Type Composition,Shingle

Porch Covered, Deck, Open

Road Frontage Highway

Garage No

Building

Lot Description Level, Wooded

Foundation Block

Sewer Conventional Sewer

Water Drilled Well

Level or Stories One

Schools

Elementary Schools Vi North Lakeland

Middle Schools Vi North Lakeland

High Schools On Lakeland Union

Others

Tax ID 16-1247-08

Ownership Corporation

Listed by REDMAN REALTY GROUP, LLC

NEARBY SCHOOLS & PROPERTIES

David Eliason

Broker Associate

+1(715) 493-9141

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