Last Sold Price
8 beds7,306 sqft$274/sqft
7864 Wheeler Island Rd, Three Lakes, WI 54562

Description

This premier vintage totally private estate is on famous Wheeler Island on Planting Ground Lake, which is part of the Eagle River/Three Lakes 28 lake chain. This iconic compound, known as SUNSET POINT, has a unique history that dates back to 1925. Recognized as one of the top 5 estates in Northeast Wisconsin, it has nearly 800 ft of sand frontage & is on 4.29 acres that faces both south and west. The main home has a beautiful floor plan with 3 granite fireplaces, 3+ BR, 4 BA, game room, family room,...This premier vintage totally private estate is on famous Wheeler Island on Planting Ground Lake, which is part of the Eagle River/Three Lakes 28 lake chain. This iconic compound, known as SUNSET POINT, has a unique history that dates back to 1925. Recognized as one of the top 5 estates in Northeast Wisconsin, it has nearly 800 ft of sand frontage & is on 4.29 acres that faces both south and west. The main home has a beautiful floor plan with 3 granite fireplaces, 3+ BR, 4 BA, game room, family room, & the European style great room has 18' ceilings. The year round guest house has 2 BR, 1 BA, full kitchen, & a 3 season porch. The 3 stall wet boathouse has 3 BR, 1 BA, & a 31x28 permanent pier that faces west. In addition, the kids will love the 2 BR, 1 BA cottage with a fireplace that is close to the water. This family/corporate retreat has accommodations for up to 32 people.8254
LISTING CLOSED: 03/22/2016 07:00 PM

  1. Listed by KEN BIEGEL • Brokerage DRE #834152 - 91 • CENTURY 21 BURKETT & ASSOC.
    P: (715) 482-7886 C: (715) 482-7886 ken@burkettrealty.com

Property Details for 7864 Wheeler Island Road

Status
MLS #
145621
Days on Market
502
Taxes
$18,422 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Residence
Year Built
1925
Lot Size
4.29 AC / 186,872 SF
Architectural Style
Cabin, Two Story
View
Water
Has View
Yes
Waterfront Features
Lake Front
Has Waterfront
Yes
Zoning Description
Residential

Recent comparable sales

Median sold price

$480,000

Avg days on market

72

Sale-to-list ratio

96.5%

[Three Lakes, WI]

9 comparable properties found

$1,500,000 | 7610 Wheeler Island Road, Three Lakes, WI 54562
1

$1,500,000

Sold 12/15/25

4
Bedrooms
2,441
Square Feet
6.6
Acres
$2,450,000 | 7314 Hwy X, Three Lakes, WI 54562
1/83
2

$2,450,000

Sold 04/24/25

3
Bedrooms
4,844
Square Feet
2.45
Acres
$1,550,000 | 7621 Hwy X, Three Lakes, WI 54562
1/58
3

$1,550,000

Sold 06/04/26

4
Bedrooms
3,904
Square Feet
0.52
Acres
$505,000 | 1648 Superior Street, Three Lakes, WI 54562
1/51
4

$505,000

Sold 04/10/26

8
Bedrooms
3,102
Square Feet
1.12
Acres
$369,150 | 7455 Russell Road, Unit 5, Three Lakes, WI 54562
1/33
5

$369,150

Sold 05/21/25

2
Bedrooms
1,263
Square Feet
2.88
Acres
$300,000 | 7519 Island View Road, Three Lakes, WI 54562
1/24
6

$300,000

Sold 06/25/26

3
Bedrooms
1,530
Square Feet
1.60
Acres
$280,500 | 7963 Knotty Pine Lane, Unit 4, Three Lakes, WI 54562
1/34
7

$280,500

Sold 09/12/25

3
Bedrooms
560
Square Feet
3.79
Acres
$480,000 | 7785 Friedle Road, Three Lakes, WI 54562
1/28
8

$480,000

Sold 09/02/25

3
Bedrooms
825
Square Feet
0.51
Acres
$215,900 | 1965 Cy Williams Road, Three Lakes, WI 54562
1/23
9

$215,900

Sold 05/02/25

2
Bedrooms
1,065
Square Feet
1.53
Acres

Location

Listing Courtesy of CENTURY 21 BURKETT & ASSOC.

Sold By CENTURY 21 BURKETT & ASSOC.

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Building Information for 7864 Wheeler Island Road

Stories2Year Built1925Building Size-Lot Size4.29 AC / 186,872 SF

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Principal and Interest

$10,166

Property Taxes

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HOA Dues

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Property Information for 7864 Wheeler Island Road

Summary
Location and General Information
  • Directions: Hwy 45 South through Three Lakes to Left on CTH X to Left on Wheeler island Rd to Left at 7864 and sign.
  • Latitude: 45.828425
  • Longitude: -89.153915
  • Township: ON Three Lakes
  • Water Body Name: PLANTING GROUND
Taxes and HOA
  • Parcel Number: TL 1278
  • Tax Annual Amount: $18,422.00
  • Tax Year: 2014
School Information
  • Elementary School: ON Three Lakes
  • High School: ON Three Lakes
  • Middle Or Junior School: ON Three Lakes
Parking
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached, Garage, Driveway
Virtual Tour
Property
Lot Information
  • Direction Faces: West
  • Frontage Length: 769.0
  • Frontage Length Remarks: 769
  • Frontage Type: Lakefront
  • Lot Features: Level, Private, Secluded, Views, Wooded, Waterfront
  • Lot Size Square Feet: 186872.0
  • Public Survey Range: 11
  • Public Survey Section: 30
  • Public Survey Township: 39
Property and Assessments
  • Above Grade Finished Area: 7306.0
  • Building Area Total: 7306.0
  • Living Area: 7306.0
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1925
Building Features
  • Other Structures: Boat House, Guest House
  • Construction Materials: Frame, Wood Siding
  • Levels: Two
  • Roof: Composition, Shingle
  • Stories: 2
Utilities
  • Sewer: Septic Tank
  • Water Source: Private, Well
Interior and Exterior Features
Exterior Features
  • Community Features: Park
  • Exterior Features: Dock
Interior Features
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Gas Water Heater, Range, Refrigerator, Washer
  • Basement: Partial
  • Has Basement: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bathrooms: 7
  • Total Bedrooms: 8
  • Fireplace Features: Stone, Wood Burning
  • Total Fireplaces: 4
  • Has Fireplace: Yes
  • Flooring: Tile, Wood
  • Heating: Forced Air, Hot Water, Natural Gas
  • Has Heating: Yes
  • Interior Features: Pantry
  • Water Heater: Electric
Room Information
Room 1
  • Dimensions: 9x11
  • Level: First
  • Type: Laundry
Room 2
  • Dimensions: 31x20
  • Level: First
  • Type: Great Room
Room 3
  • Dimensions: 16x20
  • Level: First
  • Type: Library
Room 4
  • Dimensions: 16x20
  • Level: First
  • Type: Dining Room
Room 5
  • Level: First
  • Type: Bathroom
Room 6
  • Dimensions: 30x24
  • Level: Second
  • Type: Family Room
Room 7
  • Dimensions: 28x10
  • Level: First
  • Type: Kitchen
Room 8
  • Level: First
  • Type: Bathroom
Room 9
  • Dimensions: 8x8
  • Level: First
Room 10
  • Dimensions: 14x12
  • Level: Second
  • Type: Bedroom
Room 11
  • Level: First
  • Type: Bathroom
Room 12
  • Level: Second
  • Type: Bathroom

Property History for 7864 Wheeler Island Road

DateEvent & SourcePriceAppreciation
Mar 22, 2016

Sold

Greater Northwoods MLS #145621

$2,000,000
Feb 3, 2016

Pending

Greater Northwoods MLS #145621

Sep 25, 2014

Listed (Active)

Greater Northwoods MLS #145621

$2,150,000
DateEvent & SourcePrice
03/22/2016

Sold

Greater Northwoods MLS #145621

$2,000,000
02/03/2016

Pending

Greater Northwoods MLS #145621

09/25/2014

Listed (Active)

Greater Northwoods MLS #145621

$2,150,000

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

Public Records for 7864 Wheeler Island Road

Taxable ValueLand$1,281,200Additions$749,100Total$2,030,300
Tax Record2022$22,998 ($1,917 / month)
Home Facts
Beds0Lot Size166,835 SqFtStyleSingle Family ResidenceCountyONEIDAAPNTL 1278

Schools near 7864 Wheeler Island Road

This home is within Three Lakes School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Three Lakes Elementary School
PublicPK to 6

Three Lakes Junior High School
Public7 to 8

Three Lakes High School
Public9 to 12

Sugar Camp Elementary School
PublicPK to 6

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

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 CENTURY 21 BURKETT & ASSOC.

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.