Fully renovated and full of Northwoods character, this 3-bedroom, 2-bath Muskellunge Lake home is built for lake life, weekends up north, and year-round comfort. Set on .55 acres, the property offers beautiful woodwork, warm interior finishes, and a layout with room for everyone. The main living areas feel welcoming and well cared for, while the walkout lower level adds a second living room and bedroom for extra guest space, family space, or quiet retreat. Outdoor living is where this property really shines. Enjoy coffee on the covered front porch, relax on the deck overlooking the water, or head down the well-maintained steps to the lakeside deck right by the shoreline. Piers and a boat lift are included, making it easy to fish, cruise, swim, kayak, or simply enjoy the lake without extra setup. Between the home and guest cabin is a private courtyard with a firepit, creating a natural gathering space after a day on the water. The heated and air-conditioned bunk house gives guests their own comfortable place to stay. Three outbuildings, including a large detached garage, provide excellent storage for boats, ATVs, snowmobiles, tools, and lake gear. A backup generator adds peace of mind for year-round use. A fenced yard with a gated entrance at the road adds privacy and makes the property especially practical for pets. With a renovated home, guest space, garage storage, shoreline improvements, decks, piers, boat lift, backup generator, and that classic up-north feel, this Muskellunge Lake property checks the boxes buyers are actually looking for.
Under contract
$589,900
W5245 Terrace View Rd, Tomahawk, WI 54487
3beds
1,132sqft
Est.:
Single Family Residence
Built in ----
0.55 Acres Lot
$591,300 Zestimate®
$521/sqft
$-- HOA
What's special
Fully renovatedWarm interior finishesBeautiful woodworkCovered front porchDeck overlooking the water
- 12 days |
- 661 |
- 52 |
Zillow last checked:
Listing updated:
Listed by:
TIMOTHY NELSON 715-870-1511,
WILD RIVERS GROUP REAL ESTATE, LLC,
JONATHAN LONG 715-966-2251,
WILD RIVERS GROUP REAL ESTATE, LLC
Source: GNMLS,MLS#: 217096
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: First
- Dimensions: 9'8x9'4
Bedroom
- Level: Basement
- Dimensions: 16'3x11
Bedroom
- Level: First
- Dimensions: 9'7x9'6
Bathroom
- Level: Basement
Bathroom
- Level: First
Kitchen
- Level: First
- Dimensions: 16'2x14'8
Living room
- Level: Basement
- Dimensions: 19'6x12'6
Living room
- Level: First
- Dimensions: 11'5x9'4
Utility room
- Level: Basement
- Dimensions: 12'7x6'4
Heating
- Forced Air, Propane, Natural Gas, Wall Furnace
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Dishwasher, Electric Water Heater, Gas Oven, Gas Range, Microwave, Refrigerator, Washer/Dryer
- Laundry: Washer Hookup, In Basement
Features
- Additional Living Quarters, Ceiling Fan(s), Pull Down Attic Stairs
- Flooring: Carpet, Laminate, Tile
- Basement: Exterior Entry,Full,Finished,Interior Entry,Sump Pump,Walk-Out Access
- Attic: Pull Down Stairs
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,132
- Total interior livable area: 1,132 sqft
- Finished area above ground: 628
- Finished area below ground: 504
Property
Parking
- Total spaces: 3
- Parking features: Detached, Garage, Driveway
- Garage spaces: 3
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Deck, Open, Patio
- Exterior features: Boat Lift, Fence, Garden, Landscaping, Out Building(s), Patio, Shed
- Fencing: Yard Fenced
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Shoreline - Sand, Boat Ramp/Lift Access, Lake Front
- Body of water: MUSKELLUNGE
- Frontage type: Lakefront
- Frontage length: 100,100
Lot
- Size: 0.55 Acres
- Dimensions: 100 x 240
- Features: Lake Front, Private, Rural Lot, Steep Slope, Secluded, Views, Wooded, Retaining Wall
Details
- Additional structures: Guest House, Outbuilding, Shed(s)
- Parcel number: 00435061229991
- Other equipment: Generator
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Poured
- Roof: Metal
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: County Septic Maintenance Program - Yes, Conventional Sewer
- Water: Drilled Well
Community & HOA
Location
- Region: Tomahawk
Financial & listing details
- Price per square foot: $521/sqft
- Tax assessed value: $294,700
- Annual tax amount: $2,790
- Date on market: 5/15/2026
- Ownership: Fee Simple
- Road surface type: Paved
Estimated market value
$591,300
$562,000 - $621,000
$1,141/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/18/2026 | Contingent | $589,900$521/sqft |
Source:  GNMLS #217096 Report a problem | ||
| 5/15/2026 | Listed for sale | $589,900+237.1%$521/sqft |
Source: GNMLS #217096 Report a problem | ||
| 9/15/2011 | Listing removed | $175,000$155/sqft |
Source: My Castle Realty #13486616 Report a problem | ||
| 6/22/2011 | Listed for sale | $175,000$155/sqft |
Source: My Castle Realty #13486616 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,709 +2.9% | $294,700 +74.3% |
| 2023 | $2,633 -0.5% | $169,100 +0.4% |
| 2022 | $2,645 +40.1% | $168,400 +22.2% |
| 2021 | $1,888 -15.5% | $137,800 |
| 2020 | $2,234 +2.2% | $137,800 |
| 2019 | $2,185 -0.6% | $137,800 +1.5% |
| 2018 | $2,199 +2.6% | $135,700 |
| 2017 | $2,143 +10.9% | $135,700 |
| 2016 | $1,933 | $135,700 +21.2% |
| 2015 | -- | $112,000 |
| 2014 | -- | $112,000 |
| 2013 | -- | $112,000 |
| 2011 | -- | $112,000 |
| 2010 | -- | $112,000 |
| 2009 | -- | $112,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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.
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Climate risks
Neighborhood: 54487
Nearby schools
GreatSchools rating
- 6/10Tomahawk Elementary SchoolGrades: PK-5Distance: 4.2 mi
- 7/10Tomahawk Middle SchoolGrades: 6-8Distance: 4.2 mi
- 7/10Tomahawk High SchoolGrades: 9-12Distance: 4.2 mi
Schools provided by the listing agent
- Elementary: LI Tomahawk
- Middle: LI Tomahawk
- High: LI Tomahawk
Source: GNMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Wisconsin
- Lincoln County
- Tomahawk
- 54487
- W5245 Terrace View Rd
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