A rare opportunity to own an EXTRAORDINARY WATERFRONT PROPERTY on one of Forest County’s most prestigious lakes! This exceptional 8+ acre parcel features over 233 feet of sandy frontage on crystal-clear Butternut Lake, offering the perfect setting to build your dream lakefront home or family retreat. With level frontage, towering trees, and plenty of space to explore, this remarkable property provides privacy, beauty, and endless recreational possibilities. Formerly a successful resort, the property still includes a cozy cabin, duplex, his-and-hers outdoor privy, several camping sites, wells, and septic systems, creating immediate income potential or the opportunity for future development. Spend your days enjoying boating, fishing, swimming, ATVing, snowmobiling, and hunting, with the surrounding Nicolet National Forest offering year-round outdoor adventure right at your doorstep. This premier Butternut Lake property is the ultimate recreational building site and ideal Northwoods getaway. Call today to see this beautiful property!
For sale
$799,900
15144 Rasmussen Ln, Three Lakes, WI 54562
2beds
2,000sqft
Est.:
Single Family Residence
Built in ----
8 Acres Lot
$-- Zestimate®
$400/sqft
$-- HOA
What's special
- 21 hours |
- 282 |
- 20 |
Zillow last checked:
Listing updated:
Listed by:
KATHY FLANNERY 715-889-0330,
HOMELAND REALTY WI LLC
Source: GNMLS,MLS#: 217295
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: First
- Dimensions: 12x11
Bedroom
- Level: First
- Dimensions: 12x11
Bathroom
- Level: First
Bathroom
- Level: First
Kitchen
- Level: First
- Dimensions: 12x10
Kitchen
- Level: First
- Dimensions: 12x10
Living room
- Level: First
- Dimensions: 10x11
Living room
- Level: First
- Dimensions: 10x11
Heating
- Propane
Features
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 2,000
- Total interior livable area: 2,000 sqft
- Finished area above ground: 2,000
- Finished area below ground: 0
Property
Parking
- Parking features: No Garage
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Shoreline - Sand, Shoreline - Gravel, Lake Front
- Body of water: BUTTERNUT
- Frontage type: Lakefront
- Frontage length: 233,233
Lot
- Size: 8 Acres
- Features: Buildable, Dead End, Lake Front, Private, Rural Lot, Secluded, Views, Wooded
Details
- Additional structures: Bathroom
- Parcel number: PART OF 016012440000
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: One Story
- Property subtype: Single Family Residence
Materials
- Frame
Utilities & green energy
- Sewer: Conventional Sewer, Septic Tank
- Water: Drilled Well, Shared Well
- Utilities for property: Septic Available
Community & HOA
Location
- Region: Three Lakes
Financial & listing details
- Price per square foot: $400/sqft
- Date on market: 5/22/2026
- Ownership: Personal Rep
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2026 | Listed for sale | $799,900$400/sqft |
Source:  GNMLS #217295 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 54562
Nearby schools
GreatSchools rating
- 8/10Three Lakes Elementary SchoolGrades: PK-6Distance: 11.6 mi
- 7/10Three Lakes Junior High SchoolGrades: 7-8Distance: 11.6 mi
- 5/10Three Lakes High SchoolGrades: 9-12Distance: 11.6 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Wisconsin
- Forest County
- Three Lakes
- 54562
- 15144 Rasmussen Ln
Nearby cities
Nearby zip codes
Other Three Lakes Topics
