$1,299,000

4550w County Road FfMercer, WI 54547

Homes, condos and townhomes · MLS 11863510 · Listed 121 days ago (Jun 30, 2026)

Lake of the Falls & the Turtle River · River · Lake or reservoir · Direct parcel frontage · Waterfront details

For sale: Listed and available according to the MyStateMLS feed.

About this property

A RARE opportunity to own one of the Northwoods' most extraordinary legacy properties! Originally handcrafted in 1906 from full Tamarack logs, harvested from the property, this timeless cabin was thoughtfully expanded in approx. mid 1980's, blending rustic character with modern comfort. Set on an incredible 96 wooded acres, this private peninsula retreat boasts approximately 1,500 feet of frontage on the 338-acre Lake of the Falls and 2,000 feet of frontage on the Turtle River, offering breathtaking southern and western exposure with unforgettable sunset views. Inside, you'll find an inviting open-concept design featuring a custom kitchen with hickory cabinets, granite countertops, vaulted ceilings, custom bar/hutch cabinetry, dining area with a nook for extra sleeping, and the living room that stretches across the lakeside of the home. A freestanding wood-burning fireplace creates the perfect Northwoods ambiance, while windows outline this room for spectacular water views. The cabin offers 1+ bedroom, 1 bath, and a lakeside deck that's perfect for morning coffee or evening relaxation. An existing bunk house was moved and preserved with utilities now able to be connected. It is still a work in progress, and you could add your finishing touches to make it your own! Outside, enjoy a newer dock with a bench, a nice level area to get into your canoe/kayak, and evenings gathered around the firepit beneath a canopy of stars. Lots of trails wind throughout the property, ideal for hiking, ATV/UTV adventures, snowshoeing, or simply exploring your own private wilderness. There is also an old gravel pit open area on the property as well. Adventure begins right from your doorstep. Fish, boat, canoe & kayak, hunt, snowmobile, or take a short walk to the Lake of the Falls County Park and public boat landing, where you can venture down the Turtle River into the famous Turtle-Flambeau Flowage, known for its exceptional fishing and Canadian-like wilderness. The property has been extensively updated, including significant landscaping and driveway improvements, spray foam insulation, new furnace, roof, lakeside windows, hardwood flooring in the original cabin, whole-house generator, drilled well, water heater, refrigerator, wood stove flue, and additional kitchen remodeling. A newly constructed 28' x 40' garage with a 10-foot overhead door and 12-foot sidewalls provides exceptional storage for all your recreational equipment. Approximately 92 acres are enrolled in the Managed Forest Law (MFL) Closed Program, established in 2011 for a 25-year term, helping preserve the property's natural beauty. With only four owners in its remarkable 120-year history, this is truly a once-in-a-lifetime opportunity. Whether you're seeking a private family estate, a recreational camp, a corporate retreat, or a self-sufficient Northwoods sanctuary, this one-of-a-kind property offers unmatched privacy, beauty, and endless possibilities. Call for your private showing today!

Description provided by the listing brokerage.

Facts

List price

$1,299,000

Original list price

$1,380,000

Status

For sale

Property type

House

Bedrooms

1

Full baths

1

Interior area

948 sq ft

Lot size

96 acres

Year built

1906

Stories

1

Garage spaces

2

County

Iron County

MLS number

11863510

Annual property tax (2025)

$4,204

Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them.

Features

Location

The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or shoreline, and no flood, wetland or hazard conclusion should be drawn from it. See more listings in Mercer.

Price and status history

• Original list price reported by the brokerage: $1,380,000

Changes observed by Waterfront Homes in MyStateMLS data since Oct 29, 2026. This is not a public-record sales history; MyStateMLS does not publish sold prices.

Estimate a monthly payment

Questions to ask before you buy

Questions worth investigating for any waterfront property. They are not claims that this property has a problem or meets any condition.

1. Who owns the shoreline and the land under the water, and are there easements or public-access rights along it?Ownership can stop at a high-water line, a survey line or a seawall. A title search and survey answer this, not the listing.
2. Is a dock, slip, lift or mooring included, and do the rights transfer to you?Docks can be shared, leased, assigned by an association or held under a permit that does not automatically transfer.
3. What permits exist for the dock, seawall or other shoreline structures, and what would new work require?Shoreline work is often regulated by local, state and federal agencies.
4. How much does the water level change by season, by tide or by reservoir management?Depth at a dock in one season can differ a lot in another.
5. What does flood insurance cost for this property, and what does the current flood map show?Get a quote from an insurer or agent. A flood zone is not a premium, and no zone does not mean no risk.
6. What maintenance does the shoreline need (seawall, bulkhead, riprap, erosion), and what has been done recently?Shoreline structures are expensive to repair; ask for records and inspection reports.
7. How are water, sewer or septic, and power provided?Waterfront septic systems and wells can have extra rules and inspections.
8. How do you reach the property by road year-round, and who maintains that road?Some waterfront roads are private, seasonal or shared.
9. What local rules apply: rentals, docks, boat lifts, fences, tree removal, setbacks?Rules come from the town, county, state, lake authority or association and vary widely.

Printable due-diligence checklist · Ownership budget planner · FEMA Flood Map Service Center (official flood maps; look up the address yourself)

Guides and next steps

• Waterfront homes in Wisconsin
• More river listings in Wisconsin
• What counts as waterfront

Listing courtesy of Northern Exposure Realty. Listing agent: Deanna Lameka. Listings provided by MyStateMLS.

Listing last updated by the brokerage Oct 16, 2026, 6:54 PM UTC. Waterfront Homes last received MyStateMLS data Oct 29, 2026, 10:01 PM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing agent.