Sold
Last Sold Price
3 beds1,864 sqft
5223 N Lake Rd Rd,Ā Mercer, WIĀ 54547
Single FamilyProperty Type
4 acresLot Size
2007Year Built
$142/sq ftPrice per sq ft

Description

Epitomizing the very best in craftsmanship and quality, this luxury chalet has 275' frontage on Lake of the Falls and is sits privately on 4 heavily wooded acres. Top of the line materials and appliances compliment towering cathedral ceilings, huge loft with master bath and bedroom overlooking the great room & water view, chef's kitchen and breakfast bar, stone fireplace w/masonry chimney, and a stunning Western-facing wall of windows affording an enchanting woods & water view. There's another full...Epitomizing the very best in craftsmanship and quality, this luxury chalet has 275' frontage on Lake of the Falls and is sits privately on 4 heavily wooded acres. Top of the line materials and appliances compliment towering cathedral ceilings, huge loft with master bath and bedroom overlooking the great room & water view, chef's kitchen and breakfast bar, stone fireplace w/masonry chimney, and a stunning Western-facing wall of windows affording an enchanting woods & water view. There's another full bath, 2 big bedrooms, convenient 1st floor laundry, and real hardwood floors throughout this premier home. Downstairs, the full basement with a partially finished 4th bedroom and tall ceilings make adding more living space easy. A boardwalk leads to a private pier and waterfront. Fishing, direct ATV/snowmobile trail access from property, wildlife, and total privacy make this the ideal Northwoods setting. Just reduced, this rare jewel can be yours for many thousands under appraisal!
Listing closed: 11/06/2016 06:00 PM • Source: Greater Northwoods MLS, MLS#: 159675

Recent comparable sales

Median sold price

$296,500

Avg days on market

71

Sale-to-list ratio

96.7%

Mercer, WI

9 comparable properties found

$315,000 | 4555 West Cth Ff, Mercer, WI 54547
1/46
1

$315,000

Sold 11/04/24

3
Bedrooms
1,584
Square Feet
2.26
Acres
$475,000 | 4410 Timberline Road, Mercer, WI 54547
1/50
2

$475,000

Sold 07/01/26

3
Bedrooms
1,680
Square Feet
18.7
Acres
$620,000 | 5583 N Creekside Court, Mercer, WI 54547
1/50
3

$620,000

Sold 11/25/25

3
Bedrooms
2,153
Square Feet
3
Acres
$296,500 | 5351 Pierpont Drive, Mercer, WI 54547
1/2
4

$296,500

Sold 08/07/25

3
Bedrooms
1,823
Square Feet
0.73
Acres
$290,000 | 5862 Highway 51, Mercer, WI 54547
1/43
5

$290,000

Sold 12/19/25

3
Bedrooms
2,144
Square Feet
26
Acres
$779,000 | 4220 Wallace Road, Mercer, WI 54547
1/58
6

$779,000

Sold 10/21/24

3
Bedrooms
1,700
Square Feet
1.07
Acres
$287,000 | 349 Elm Street, Mercer, ME 04957
1/52
7

$287,000

Sold 10/20/25

3
Bedrooms
1,680
Square Feet
5.19
Acres
a front view of a house with a garden
1/30
8

$290,000

Sold 07/23/25

3
Bedrooms
1,620
Square Feet
1.07
Acres
$288,000 | 4742 West Cth Ff, Mercer, WI 54547
1/28
9

$288,000

Sold 01/06/26

2
Bedrooms
1,646
Square Feet
3.17
Acres

Location

Listing Courtesy of SHOREWEST - MANITOWISH WATERS

Sold By RE/MAX ACTION NORTHWOODS REALTY, LLC

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Property Information for 5223 North Lake Rd Road

Property Details
  • Taxes: $2,968 / year
  • MLS Type: Residential / Single Family Residence
  • County: Iron County
  • Architectural Style: Chalet Alpine, One And One Half Story
  • Has View: Yes
  • View: Water
  • Waterfront Features: Lake Front
  • Has Waterfront: Yes
  • Zoning Description: Residential
Building Information
  • Year Built: 2007
  • Lot Size: 4.00 AC / 174,240 SF
Summary
Location and General Information
  • Directions: Hwy 51 North to Left on Russell Bros Road to Left on West lake Road to property on Right. Sign on property.
  • Latitude: 46.16925
  • Longitude: -90.168555
  • Township: IR Mercer (Town)
  • Water Body Name: LAKE OF THE FALLS
Taxes and HOA
  • Parcel Number: 2105-0200
  • Tax Annual Amount: $2,968.00
  • Tax Year: 2015
School Information
  • Elementary School: IR Mercer
  • High School: IR Mercer
  • Middle Or Junior School: IR Mercer
Parking
  • Parking Features: Gravel
Property
Lot Information
  • Direction Faces: West
  • Frontage Length: 275.0
  • Frontage Length Remarks: 275
  • Frontage Type: Lakefront
  • Lot Features: Private, Secluded, Views, Wooded, Wetlands, Waterfront
  • Lot Size Square Feet: 174240.0
  • Public Survey Range: 3E
  • Public Survey Section: 31
  • Public Survey Township: 43N
  • Road Frontage Type: Unimproved
  • Road Surface Type: Unimproved
Property and Assessments
  • Above Grade Finished Area: 1864.0
  • Building Area Total: 1864.0
  • Living Area: 1864.0
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 2007
Building Features
  • Other Structures: Shed(s)
  • Construction Materials: Frame
  • Levels: One and One Half
  • Roof: Composition, Shingle
Utilities
  • Electric: Circuit Breakers
Interior and Exterior Features
Exterior Features
  • Exterior Features: Dock, Playground
  • Patio And Porch Features: Deck
Interior Features
  • Appliances: Oven, Dryer, Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Washer
  • Basement: Full
  • Has Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Cooling: Ceiling Fan(s), Central Air
  • Has Cooling: Yes
  • Heating: Forced Air, Propane, Radiant Floor
  • Has Heating: Yes
  • Has Fireplace: Yes
  • Total Fireplaces: 1
  • Fireplace Features: Stone
  • Flooring: Wood
  • Interior Features: Ceiling Fan(s)
  • Laundry Features: Main Level
  • Water Heater: Propane
Room Information
Room 1
  • Dimensions: 9x6
  • Level: First
  • Type: Laundry
Room 2
  • Dimensions: 13x12
  • Level: First
  • Type: Kitchen
Room 3
  • Level: First
  • Type: Bathroom
Room 4
  • Dimensions: 12x10
  • Level: First
  • Type: Bedroom
Room 5
  • Dimensions: 12x12
  • Level: First
  • Type: Bedroom
Room 6
  • Dimensions: 12x10
  • Level: Second
  • Type: Bedroom
Room 7
  • Dimensions: 12x12
  • Level: First
Room 8
  • Dimensions: 30x15
  • Level: Second
  • Type: Loft
Room 9
  • Level: Second
  • Type: Master Bathroom
Room 10
  • Dimensions: 16x25
  • Level: First
  • Type: Great Room

Property History for 5223 North Lake Rd Road

DateEvent & SourcePriceAppreciation
Nov 6, 2016

Sold

Greater Northwoods MLS #159675

$265,000—
Jul 17, 2016

Listed (Active)

Greater Northwoods MLS #159675

$269,000—
DateEvent & SourcePrice
11/06/2016

Sold

Greater Northwoods MLS #159675

$265,000
07/17/2016

Listed (Active)

Greater Northwoods MLS #159675

$269,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 5223 North Lake Rd Road

This home is within Mercer School District.
Rating
School
Type
Grades
Distance
Public - PK to 12
Rating
School
Distance
Mercer School
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 5223 North Lake Rd Road, Mercer, WI 54547
$265,000
3
1,864
174,240
$264,000
–
–
–
174,240
–
–
–
–
88,427
–
–
–
–
1,523,293
$139,900
–
–
–
66,211
$394,000
–
–
–
289,674

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of SHOREWEST - MANITOWISH WATERS

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 REALTORSĀ®. 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 Ā© 2026 Northwoods Association of REALTORSĀ®. All rights reserved.