For saleReduced $15,000 from $225,000

$210,000

2 beds660 sq ft

4506w Lake Of The Falls Road #2Mercer, WI 54547

Homes, condos and townhomes · MLS 11869187 · Listed 118 days ago (Jul 3, 2026)

Lake of the Falls & the Turtle River · River · Lake or reservoir · Shared waterfront site · Waterfront details

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

About this property

REDUCED!! LOOKING FOR AN AFFORDABLE CABIN on the LAKE? This neat-as-a-pin, fully furnished, 4-Season, 2-bedroom, 1-bath cabin offers the perfect Northwoods getaway! Nestled at the end of a small condominium property and bordering the woods, this cabin provides added privacy along with a cozy campfire area for relaxing evenings. A spacious front deck is ideal for soaking up the sunshine, entertaining guests, or simply enjoying the peaceful surroundings. Inside, you'll find a bright, open-concept living area, two comfortable bedrooms, and a full bath with a tub. The cabin comes completely furnished, making it move-in ready so you can start enjoying lake life right away. Need extra storage? This property includes a privately owned 2-car metal garage and a large storage shed-perfect for vehicles, recreational equipment, and all your Northwoods toys. As part of a small condominium association on Lake of the Falls and the Turtle River, you'll enjoy: 383 feet of shared waterfront, 2.65 acres of common land, A shared pier, Association-owned pontoon boat, Direct access to area ATV/UTV and snowmobile trails. Low condominium dues of just $50 per month covers: Lawn care, Snow plowing, Common area maintenance and Garbage service. Recent updates include: Two new screen doors, Newer natural gas forced-air furnace (2024), Privately owned drilled well, Privately owned septic system (2016). Whether you're searching for a summer retreat, a weekend escape, or a low-maintenance 4-season cottage, this charming cabin offers an outstanding opportunity to enjoy everything Mercer has to offer. Don't miss this Northwoods gem-call today to schedule your private showing!

Description provided by the listing brokerage.

MLS-reported waterfront

Waterfront details

The home is part of a condominium, cooperative or community whose shared site is reported as waterfront. Shoreline and docks are typically common or community property, not owned by the individual unit.

Relationship to the water
Shared waterfront site
Water body
Lake of the Falls & the Turtle River (as reported)Name as reported by the listing (not matched to a mapped water body)
Frontage length
Not provided. Ask the listing agent.
Water access arrangement
Not provided. Ask the listing agent.
Docks, slips, lifts, moorings
Dock reported
Dock depth
Not provided. Ask the listing agent.
Shoreline
Not provided. Ask the listing agent.
Seasonal or tidal conditions
Not provided. Ask the listing agent.
Boating limits (bridges, depth, open-water access)
Not provided. Ask the listing agent.

The listing reports a dock. It does not say whether the dock is private, shared or transferable, or what boats it fits.

Why this is listed as waterfront
  • WaterfrontYN “Yes”: The listing is marked waterfront.
  • WaterfrontFeatures “River Front, Lake Front”: Includes a "… Front" value describing frontage.
  • PropertyTypeDetail “condo”: A unit on a shared (condominium-style) site.

Classified from fields in the MyStateMLS listing data. It has not been independently verified, and it is not a survey, title examination or legal determination of shoreline or access rights. Rules version 2026-10-29.1. How we classify waterfront

Something wrong with this classification? Report a waterfront classification issue. Questions about frontage, docks or access are best answered by Deanna Lameka of Northern Exposure Realty.

Facts

List price
$210,000
Original list price
$225,000
Status
For sale
Property type
Condo
Bedrooms
2
Full baths
1
Interior area
660 sq ft
Stories
1
Garage spaces
2
County
Iron County
MLS number
11869187
Annual property tax (2025)
$1,800

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

Features

Interior

  • Master Downstairs

Exterior

  • Dock

Appliances

  • Range
  • Microwave
  • Refrigerator

Flooring

  • Vinyl
  • Carpet

Heating

  • Forced Air
  • Natural Gas

Parking

  • Driveway

Water

  • Well

Sewer

  • Septic Tank

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: $225,000

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

$42,000
Illustrative. Replace with a quote from your lender.
From the listing (tax year 2025). Taxes can change after a sale.
Get a quote; rates vary widely by location.
Manufactured homes on a leased lot.
Applied only while the loan is over 80% of the price. Illustrative.

Estimated monthly payment

$1,274 per month

Principal and interest$1,062
Property tax$150
Homeowners insurance$63
Loan amount$168,000
Total interest over the term$214,275

An estimate for comparison only, not a loan offer or approval. Actual rates, taxes, insurance, PMI and fees depend on your lender, credit, location and loan program.

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

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

Listing last updated by the brokerage Sep 29, 2026, 3:53 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.