OFF MARKET

Off Market May 2022 for $385K

$518,488

•

1,020

sq ft

15152 Rasmussen Ln, Hiles, WI 54511

About this home

Butternut Lake Home/cabin with magnificent views facing south. This property features: beautiful sand swimming frontage, metal roof, newer windows, the front porch can easily be made year round. It has a gradual slope to the water for a building site that is perfect for a walkout lower level. Keep the existing cabin and build your dream home on one of the best trophy walleye and northern fishing lakes in Wisconsin. Butternut is nearly 1300 acres of crystal clear water, 42 ft. deep, two islands, and it sits right in the heart of the Nicolet National Forest, only about 30% of the lake has dwellings and 70% will never be built on. Homes do not come up for sale very often on Butternut, this one is very affordable, and is only 18 minutes from Eagle River. In addition, 10 acre 34 ft. deep Gertude lake is only a 120+ yard walk, and is loaded with bass and panfish!

Single-familyProperty Type

0.46 acresLot Size

$508Est. Price/Sq.Ft.

Listed by KEN BIEGEL • RE/MAX PROPERTY PROS

Bought with TARA STEPHENS • CENTURY 21 BURKETT - THREE LKS

Redfin checked: a few seconds ago

•Source:GNMLS #195079

Redfin Estimate

$518,488

$133K since sold in May 2022$1,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 109.9% higher than the average sale price ($247K) of 6 comparable homes.

SOLD JUL 1, 2026
$322,000
A
2 beds1 bath1,040 sq ft
261 Federal Forest 16 Hwy, Iron River Township, MI 49935
SOLD APR 24, 2026
$160,000
B
2 beds1 bath750 sq ft
310 6th St St S, Eagle River, WI 54521
SOLD JUL 2, 2026
$265,000
C
2 beds1 bath630 sq ft
1287 Riverdale Ln, Eagle River, WI 54521
SOLD JUN 8, 2026
$285,000
D
2 beds1 bath720 sq ft
1278 Riverdale Ln, Eagle River, WI 54521
SOLD JUN 22, 2026
$275,000
E
3 beds1 bath900 sq ft
3759 W Brule Rd, Stambaugh Township, MI 49935
SOLD JUL 14, 2026
$175,000
F
1 bed1 bath750 sq ft
8076 Huff Ln, Alvin, WI 54542

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Rent

$1,879/mo

Redfin rental estimate

List your home for rent

Market trends in 54562, WI

Last updated July 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.9%

+4.2% MoM

Median sale price

$577K

$246K MoM

Avg. days on market

89d

20 days MoM

Recently sold homes

4 MoM

New listings for sale

$169,000
4 beds2 baths1,636 sq ft
10567 Coes Lndg Unit 8840 Chrisbaum LN, Hiles, WY 54511
$169,900
2 beds1 bath871 sq ft
10567 Coes Lndg, Argonne, WI 54511
See all

Provided by Redfin

Sale history for 15152 Rasmussen Ln

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Single Family Residential

County

Forest County

APN

016-01246-0000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Feb 22, 2023.

Property details

Parking

Parking/Garage Information
Parking Features: No Garage

Interior

Bathroom Information
# of Full Bathrooms: 1

Heating & Cooling
Has Heating
Heating: Baseboard, Electric

Interior Features
Interior Features: Other
Appliances: Electric Water Heater, Range, Refrigerator
Has Fireplace
# of Fireplaces: 1
Fireplace Features: Free Standing

Room Information
Basement Details: None

Exterior

Exterior Features
Exterior Features: Boat Slip, Dock
Patio And Porch Features: Deck
Roof: Metal

Building Information
Direction Faces: South
Sq. Ft.: 1020
Above Grade Finished Area: 1,020
Construction Materials: Frame, Wood Siding
Foundation Details: Block

Property Features
On Waterfront
Waterfront Features: Lake Front
Has View
Other Structures: Shed(s)

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

Lot Information
Lot Features: Private, Secluded, Sloped, Views, Wooded, Waterfront
Frontage Type: Lakefront
Frontage Length: 81
Water Body Name: BUTTERNUT
Road Surface Type: Unimproved
Road Frontage Type: Unimproved
Lot Size Dimensions: 81 x 200
Zoning Description: All Purpose

Financial

Tax Information
Tax Annual Amount: $1,740

Utilities

Utility Information
Electric: Circuit Breakers

Location

Schools Information
Elementary School: ON Three Lakes
Middle Or Junior School: ON Three Lakes
High School: ON Three Lakes

Location Information
Directions: East on HWY 70 to Military Rd, turn right to Butternut Lake Rd, turn left to Rasmussen Ln, turn right to Property.

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Single Family Residential
Year Built: —
Year Renovated: —
County: Forest County
APN: 016-01246-0000

Home facts updated by county records on Feb 22, 2023

Around this home

Schools

Three Lakes Elementary School

Public PreK-6 • Assigned • 11.6mi

8/10

Three Lakes Junior High School

Public 7-8 • Assigned • 11.6mi

8/10

Three Lakes High School

Public 9-12 • Assigned • 11.6mi

5/10

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 hot days expected this year, 13 days in 30 years

Wind Factor

We're working on getting current and accurate wind risk information for this home.

Air Factor

We're working on getting current and accurate air risk information for this home.

Provided by First Street

Historical weather

Hiles, WI • 54511

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 3.1 hours in December, placing it below the U.S. average for solar exposure.

9.4 hrs

3.1 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$493,000 – $597,000

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

Nearby similar homes

$449,900

1 bed1 bath960 sq ft

ON Javen Rd Unit SE 10A, Three Lakes, WI 54562

$479,000

3 beds1 bath1,284 sq ft

1956 Anvil Lake Rd E, Eagle River, WI 54521

$499,000

3 beds2 baths2,240 sq ft

3943 Bass Lake Rd, Rhinelander, WI 54501

$249,000

4 beds2 baths2,007 sq ft

168 Hwy 45, Conover, WI 54519

$347,500

4 beds2 baths3,460 sq ft

4281 Hwy 70, Eagle River, WI 54521

$289,000

3 beds2 baths1,240 sq ft

408 Ohio St, Eagle River, WI 54521

New listings for sale in 54511

$169,000

4 beds2 baths1,636 sq ft

10567 Coes Lndg Unit 8840 Chrisbaum LN, Hiles, WY 54511

$169,900

2 beds1 bath871 sq ft

10567 Coes Lndg, Argonne, WI 54511

Home values near 15152 Rasmussen Ln

Data from public records.

Address	Redfin Estimate
15150 Rasmussen Ln, Three Lakes, WI 3 Beds \| 2 Baths \| 928 Sq. Ft.	$338,734

Address	Redfin Estimate
15112 Butternut Lake Rd, Three Lakes, WI 2 Beds \| 1 Baths \| 900 Sq. Ft.	$622,420

Address	Redfin Estimate
15114 Butternut Lake Rd, Three Lakes, WI 4 Beds \| 3 Baths \| 2200 Sq. Ft.	—

Property information provided by GNMLS when last listed in 2022. This data may not match . Learn more.

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

Houses for sale near me	Madison, WI homes for sale	Wauwatosa, WI homes for sale
Land for sale near me	Milwaukee, WI homes for sale	Green Bay, WI homes for sale
Open Houses near me	Lake Geneva, WI homes for sale	Three Lakes Property Records
Condos for sale near me	Brookfield, WI homes for sale	WI New Listings
Agents near me	Kenosha, WI homes for sale	Three Lakes Housing Market

54521 homes for sale
54562 homes for sale
54501 homes for sale

Eagle River homes for sale
Crandon homes for sale
Rhinelander homes for sale