OFF MARKET

Off Market May 2016 for $290K

$684,804

Est. refi paymentEst. refi $1,708/mo

•

2,800

sq ft

1561 Watersmeet Lake Rd, Eagle River, WI 54521

About this home

Stunning 4 bedroom, 2 bath custom built home on 16 acres. The setting is heavily wooded and very private and is under 5 miles to Eagle River. You enter the home to lovely beech and maple flooring and a maple staircase. The open concept first floor has the kitchen opening up to the living area. The 10' ceilings and a wall of south facing windows give the home an open and airy feel and lots of passive solar heat. On the main floor, there is one bedroom that is presently used as a den. Upstairs, you will find 3 more bedrooms and another full bath. There are 3 walk-in closets in the home, too. There is plenty of room for growth in the full unfinished basement and a roughed in mother-in-law unit above the attached garage. Off of the basement, there is a wonderful greenhouse. There is one attached 2 car garage and another 4 car detached garage with heated workshop. The 16 acres is all high land and offers a mixture of hardwoods and pine.

Single-familyProperty Type

1990Year Built

16.08 acresLot Size

$245Est. Price/Sq.Ft.

2 car garageParking

Listed by JAMES MULLEADY • SHOREWEST - EAGLE RIVER

Bought with JAMES MULLEADY • SHOREWEST - EAGLE RIVER

Redfin checked: a few seconds ago

•Source:GNMLS #147975

Redfin Estimate

$684,804

$395K since sold in May 2016$19K since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 36.9% higher than the average sale price ($500K) of 6 comparable homes.

SOLD MAR 10, 2026
$700,000
A
3 beds2 baths2,920 sq ft
5570 Zeman Rd, Eagle River, WI 54521
SOLD JUL 23, 2026
$500,000
B
3 beds2 baths2,400 sq ft
1556 Antler Trl, Eagle River, WI 54521
SOLD JUL 23, 2026
$632,500
C
3 beds3 baths2,548 sq ft
265 Hwy 17, Eagle River, WI 54521
SOLD JUL 6, 2026
$373,000
D
3 beds2 baths2,496 sq ft
3685 Old 26 Rd, Conover, WI 54519
SOLD JUN 29, 2026
$375,000
E
3 beds2 baths2,240 sq ft
3949 Cth A, Rhinelander, WI 54501
SOLD FEB 12, 2026
$420,000
F
3 beds2 baths2,170 sq ft
1155 Taylor Lake Rd, Eagle River, WI 54521

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Earn from this home

Refinance

Est. cash available

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Rent

$2,298/mo

Redfin rental estimate

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Market trends in 54521, WI

Last updated July 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.6%

+1.5% MoM

Median sale price

$410K

$36K MoM

Avg. days on market

49d

12 days MoM

Recently sold homes

14 MoM

New listings for sale

$318,500
2 beds2 baths1,152 sq ft
4366 Pine Breeze Way, Eagle River, WI 54521
$299,500
4 beds2 baths1,448 sq ft
655 Bond St N, Eagle River, WI 54521
$347,500
4 beds2 baths3,460 sq ft
4281 Hwy 70, Eagle River, WI 54521
$1,999,000
5 beds3.5 baths3,666 sq ft
2482 Clearwater Lake Trl, Eagle River, WI 54521
$997,000
3 beds2 baths1,706 sq ft
4539 Kanara Way, Eagle River, WI 54521
$559,900
3 beds2 baths2,000 sq ft
4974 Hwy 70 W, Eagle River, WI 54521
$650,000
1 bed1 bath488 sq ft
1456 Cranberry Lake Rd E, Eagle River, WI 54521
$489,000
3 beds2 baths2,126 sq ft
2245 Merkel Ave, Eagle River, WI 54521
$229,900
2 beds2 baths1,152 sq ft
308/310 Illinois St W, Eagle River, WI 54521
$2,700,000
3 beds2.5 baths4,101 sq ft
1209 Wooded Ln, Eagle River, WI 54521
See all

Provided by Redfin

Sale history for 1561 Watersmeet Lake Rd

Year

Property tax

Land + Additions

Assessment*

2025

$2,673 (+7.8%)

$83,000 + $381,400

$464,400

2024

$2,480 (−12.5%)

$83,000 + $381,400

$464,400

2023

$2,835 (−3.7%)

$83,000 + $381,400

$464,400

2022

$2,945 (+3.1%)

$66,600 + $256,300

$322,900

2021

$2,855 (−0.4%)

$66,600 + $256,300

$322,900

2020

$2,868 (−0.6%)

$66,600 + $256,300

$322,900

2019

$2,886 (+3.9%)

$66,600 + $256,300

$322,900

2018

$2,776 (+2.1%)

$66,600 + $256,300

$322,900

2017

$2,720 (−2.4%)

$66,600 + $256,300

$322,900

2016

$2,788 (+12.6%)

2014

$2,475 (−10.3%)

$66,600 + $235,600

$302,200

2013

$2,760

$75,200 + $257,500

$332,700

Tax history for 1561 Watersmeet Lake Rd

Year

Property tax

Land + Additions

Assessment*

2025

$2,673 (+7.8%)

$83,000 + $381,400

$464,400

2024

$2,480 (−12.5%)

$83,000 + $381,400

$464,400

2023

$2,835 (−3.7%)

$83,000 + $381,400

$464,400

2022

$2,945 (+3.1%)

$66,600 + $256,300

$322,900

2021

$2,855 (−0.4%)

$66,600 + $256,300

$322,900

2020

$2,868 (−0.6%)

$66,600 + $256,300

$322,900

2019

$2,886 (+3.9%)

$66,600 + $256,300

$322,900

2018

$2,776 (+2.1%)

$66,600 + $256,300

$322,900

2017

$2,720 (−2.4%)

$66,600 + $256,300

$322,900

2016

$2,788 (+12.6%)

2014

$2,475 (−10.3%)

$66,600 + $235,600

$302,200

2013

$2,760

$75,200 + $257,500

$332,700

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

16.08 Acres

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Single Family Residential

County

Vilas County

APN

14-1477

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 29, 2026.

Property details

Parking

Parking/Garage Information
Has Garage
Has Attached Garage
# of Garage Spaces: 2
Parking Features: Additional Parking, Attached, Detached, Garage, Heated Garage

Interior

Virtual Tour

Bathroom Information
# of Full Bathrooms: 2

Heating & Cooling
Has Cooling
Cooling: Ceiling Fan(s), Central Air
Has Heating
Heating: Hot Water, Natural Gas

Interior Features
Interior Features: Ceiling Fan(s), Cathedral Ceiling(s), High Ceilings, Vaulted Ceiling(s), Walk-In Closet(s)
Appliances: Dryer, Dishwasher, Gas Water Heater, Microwave, Range, Refrigerator, Washer
Flooring: Tile, Wood
Fireplace Features: Wood Burning

Room Information
Has Basement
Basement Details: Exterior Entry, Full, Interior Entry

Exterior

Exterior Features
Exterior Features: Dog Run, Garden
Roof: Composition, Shingle

Building Information
Direction Faces: South
Sq. Ft.: 2800
Above Grade Finished Area: 2,800
Levels: Two
# of Stories Total: 2
Construction Materials: Frame, Wood Siding

Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Raw Mls Property Sub Type: SingleFamilyResidence

Lot Information
Lot Features: Private, Rolling Slope, Secluded, Wooded
Frontage Length: 0
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Road Frontage Type: City Street
Zoning Description: Residential

Financial

Tax Information
Tax Annual Amount: $2,714

Utilities

Utility Information
Electric: Circuit Breakers

Location

Schools Information
Elementary School: VI Northland Pines-ER
Middle Or Junior School: VI Northland Pines
High School: VI Northland Pines

Location Information
Directions: Hwy 45 N. to left on Hwy G 1.5 miles to left on Watersmeet Lake Road, veer right at Balsam, then left on Watersmeet Lake Road to 1561.

Community Information
Community Features: Park

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 16.08 acres
Style: Single Family Residential
Year Built: —
Year Renovated: —
County: Vilas County
APN: 14-1477

Home facts updated by county records on Jul 29, 2026

Around this home

Schools

Northland Pines Elementary-Eagle River

Public PreK-6 • Assigned • 2.2mi

5/10

Northland Pines High School

Public 7-12 • Assigned • 2.3mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

1/10 Heat Factor

7 days above 92° expected this year, 13 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Eagle River, WI • 54521

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.4 hours in June and 3.2 hours in December, placing it below the U.S. average for solar exposure.

9.4 hrs

3.2 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$651,000 – $788,000

Sell confidently with a local market expert in Eagle River. 3 minutes to get started.

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Home values near 1561 Watersmeet Lake Rd

Data from public records.

Address	Redfin Estimate
1525 Watersmeet Lake Rd, Eagle River, WI 3 Beds \| 2 Baths \| 1577 Sq. Ft.	$328,026
1520 Watersmeet Lake Rd, Eagle River, WI 2 Beds \| 1 Baths \| 910 Sq. Ft.	$366,818

Address	Redfin Estimate
1535 Watersmeet Lake Rd, Eagle River, WI 4 Beds \| 1.5 Baths \| 1346 Sq. Ft.	$348,775
5323 Balsam Ln S, Eagle River, WI 3 Beds \| 2 Baths \| 1415 Sq. Ft.	$785,343

Address	Redfin Estimate
1567 Watersmeet Lake Rd, Eagle River, WI 2 Beds \| 1 Baths \| 864 Sq. Ft.	$173,015
5309 Balsam Ln S, Eagle River, WI 3 Beds \| 2 Baths \| 2060 Sq. Ft.	$1,043,066

Property information provided by GNMLS when last listed in 2015. This data may not match . Learn more.

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