Payment Lake - Discover an affordable opportunity to own waterfront property in the heart of the Northwoods on beautiful Payment Lake! This scenic 1.61-acre parcel offers 353 feet of frontage with peaceful lake views, a driveway already in place, a cleared building site, level land, and year-round access on a town road, making it ready for your future cabin, garage, camper, or recreational getaway. The shoreline is naturally wet and boggy, offering boardwalk potential leading to the water’s edge. Enjoy the privacy and tranquility of 66-acre Payment Lake, a hidden gem with no public boat access and known for excellent Musky, Walleye, Bass, Northern & Panfish fishing. Outdoor enthusiasts will love the quiet location with easy access to ATV & snowmobile trails, plus nearby State & Iron County Forest Lands for endless recreation opportunities. Conveniently located just a few miles from Mercer for shopping, dining, and year-round events. Start enjoying Northwoods lake life today at an affordable price!
Sold for $38,000
$38,000
LOT 1 Payment Lake Rd, Mercer, WI 54547
--beds
--baths
1.61Acres
Unimproved Land
Built in ----
1.61 Acres Lot
$-- Zestimate®
$--/sqft
$1,062 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,062/mo
Zestimate® history
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Est. payment
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List your homeWhat's special
Peaceful lake viewsLevel landCleared building site
Zillow last checked:
Listing updated:
Listed by:
KATHY TUTT 715-776-3555,
RE/MAX ACTION NORTHWOODS REALTY, LLC
Bought with:
KATHY TUTT, 38780 - 90
RE/MAX ACTION NORTHWOODS REALTY, LLC
Source: GNMLS,MLS#: 217430
Facts & features
Interior
Interior area
- Total structure area: 0
- Finished area above ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Exterior features: Gravel Driveway
- Has view: Yes
- On waterfront: Yes
- Waterfront features: Shoreline - Fisherman/Weeds, Lake Front
- Body of water: PAYMENT
- Frontage type: Lakefront
- Frontage length: 353,353
Lot
- Size: 1.61 Acres
- Features: Dead End, Lake Front, Level, Private, Rural Lot, Secluded, Wooded
Details
- Zoning description: Residential
Utilities & green energy
- Utilities for property: Electricity Available
Community & HOA
Location
- Region: Mercer
Financial & listing details
- Annual tax amount: $381
- Date on market: 5/28/2026
- Ownership: Fee Simple
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 7/20/2026 | Sold | $38,000-2.6% |
Source:  GNMLS #217430 Report a problem | ||
| 7/1/2026 | Pending sale | $39,000 |
Source: GNMLS #217430 Report a problem | ||
| 6/8/2026 | Contingent | $39,000 |
Source: GNMLS #217430 Report a problem | ||
| 5/28/2026 | Listed for sale | $39,000+69.6% |
Source: GNMLS #217430 Report a problem | ||
| 12/9/2021 | Sold | $23,000-7.3% |
Source: GNMLS #189432 Report a problem | ||
| 11/15/2021 | Contingent | $24,800 |
Source: GNMLS #189432 Report a problem | ||
| 10/25/2021 | Listed for sale | $24,800 |
Source: GNMLS #189432 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 54547
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Nearby schools
GreatSchools rating
- 6/10Mercer SchoolGrades: PK-12Distance: 2.6 mi
Schools provided by the listing agent
- Elementary: IR Mercer
- Middle: IR Mercer
- High: IR Mercer
Source: GNMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Wisconsin
- Iron County
- Mercer
- 54547
- LOT 1 Payment Lake Rd
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