Last Sold Price
70,132 Lot Size1.61 Acres
lot 1 Payment Lake Rd, Mercer, WI 54547

Description

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....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!
LISTING CLOSED: 07/19/2026 07:00 PM

  1. Listed by KATHY TUTT • RE/MAX ACTION NORTHWOODS REALTY, LLC
    P: (715) 776-3555 kathytutt@remax.net

Property Details for Lot 1 Payment Lake Road

Status
MLS #
217430
Days on Market
34
Taxes
$381 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Land
Year Built
-
Lot Size
1.61 AC
Has View
Yes
Waterfront Features
Lake Front
Has Waterfront
Yes
Zoning Description
Residential

Location

Listing Courtesy of RE/MAX ACTION NORTHWOODS REALTY, LLC

Sold By RE/MAX ACTION NORTHWOODS REALTY, LLC

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Building Information for Lot 1 Payment Lake Road

Lot Size1.61 AC

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$225 per month

30 year fixed, 6.55% Interest

Principal and Interest

$193

Property Taxes

$32

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Rocket Mortgage1

Property Information for Lot 1 Payment Lake Road

Summary
Location and General Information
  • Directions: Hwy 51 N 2 blocks to Rt on Hwy J. Go 2.8 miles to Left on Payment Lake Road. Go 2 blocks to office sign on the left.
  • Latitude: 46.186527
  • Longitude: -90.015923
  • Township: IR Mercer (Town)
  • Water Body Name: PAYMENT
Taxes and HOA
  • Tax Annual Amount: $381.00
  • Tax Year: 2025
School Information
  • Elementary School: IR Mercer
  • High School: IR Mercer
  • Middle Or Junior School: IR Mercer
Parking
  • Parking Features: Gravel, Driveway
Property
Lot Information
  • Frontage Length: 353.0
  • Frontage Length Remarks: 353
  • Frontage Type: Lakefront
  • Lot Features: Level, Private, Secluded, Wooded, Waterfront
  • Lot Size Square Feet: 70132.0
  • Public Survey Range: 4E
  • Public Survey Section: 20
  • Public Survey Township: 43N
Property and Assessments
  • Property Type: Land
Utilities
  • Utilities: Electricity Available

Property History for Lot 1 Payment Lake Road

DateEvent & SourcePriceAppreciation
Jul 19, 2026

Sold

Greater Northwoods MLS #217430

$38,000
Jun 30, 2026

Pending

Greater Northwoods MLS #217430

Jun 7, 2026

Contingent

Greater Northwoods MLS #217430

DateEvent & SourcePrice
07/19/2026

Sold

Greater Northwoods MLS #217430

$38,000
06/30/2026

Pending

Greater Northwoods MLS #217430

06/07/2026

Contingent

Greater Northwoods MLS #217430

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

Schools near Lot 1 Payment Lake 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: Lot 1 Payment Lake Road, Mercer, WI 54547
$38,000
70,132
$21,250
70,567
26,136
52,272
$74,000
105,415
137,214

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 RE/MAX ACTION NORTHWOODS REALTY, LLC

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.