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N16517 LAKESHORE DR, Butternut, WI 54514

Price County

Key Facts

7Beds
7Baths
4,466Sq Ft
1940Year Built
1Stories

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 detail available upon request.

Property Information

Property Type

Commercial Sale

Sub-Type

Hotel/Motel

Year Built

1940

Stories

1

Living Area

4,466 sq ft

Lot Size

165,528 sq ft

MLS® Listing#

216956

Property Features

Exterior

Storage

Cooling

Wall/Window Unit(s)

Heating

Forced AirNatural Gas

Flooring

CarpetConcreteTileWood

Parking

Private

Lot Features

Waterfront

Construction

Aluminum SidingFrameLogLog Siding

Roof

CompositionShingle

Financial Details

Annual Taxes

$14,128

Tax year 2025

Parcel Number

15222, 15521, 15520

Directions

Heading North on Hwy 13 take a left on Lakeshore Drive, property will be on left side.

Affordability Calculator

$250,000

Estimated monthly payment

$6,653/mo

Principal $1,000,000 · Est. interest $1,395,089 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Butternut, WI

$375,000
Median Listing Price
23
Median Days on Market
984
Median Sq Ft
$393
Median Price / Sq Ft
15
Active Listings
  • This home’s price is 233% above the area median.
  • Its price per sq ft is 29% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Butternut, WI.

Location

Map showing the location of N16517 LAKESHORE DR, Butternut, WI 54514

Points of Interest in Butternut, WI

Showing the Butternut area map.

Nearby Schools

  • Chequamegon High School

    Secondary · 3.4 mi away

  • Chequamegon School District

    School · 3.4 mi away

  • Promethean Charter School

    Secondary · 3.4 mi away

  • Butternut School District

    Elementary · 3.4 mi away

  • Park Falls Elementary School

    Elementary · 3.4 mi away

  • St Anthony of Padua School

    Secondary · 3.9 mi away

  • Glidden Elementary

    Elementary · 11.8 mi away

  • Chequamegon Middle

    Elementary · 11.8 mi away

  • School District of Phillips

    Elementary · 19.6 mi away

  • Phillips High School

    Secondary · 19.6 mi away

  • Phillips Middle School

    Secondary · 19.6 mi away

  • Phillips Elementary School

    Elementary · 20.0 mi away

  • Mellen Technology Charter School

    School · 25.5 mi away

  • Mercer Public School

    School · 25.8 mi away

  • Winter School

    Secondary · 26.0 mi away

  • Zaasijiwan Head Start

    School · 30.8 mi away

  • Prentice School District

    Secondary · 31.2 mi away

  • Prentice Elementary

    Elementary · 31.2 mi away

  • Flambeau Correctional Center

    Secondary · 33.0 mi away

  • North Lakeland School

    Elementary · 36.6 mi away

Commute Calculator

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Nearby Homes

Similar Homes Nearby

Similar Home Values

Comparable nearby listings and their asking prices.

AddressPriceBedsBathsSq Ft
2974N HIAWATHA RD, Butternut, WI$1,570,000187,334

Moving Cost Estimate

EXIT Agents in Butternut

Listing Courtesy: UNITED COUNTRY REAL ESTATE / NORTHERN WI LIFESTYLE PROPERTIES - 7154924130

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Northwoods Association of REALTORS®. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Northwoods Association of REALTORS®. All rights reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by NorthwoodsWI. MLS® Listing#216956. © 2026EXIT Realty®. All rights reserved.