OFF MARKET

Off Market Jun 2024 for $195K

$228,161

Est. refi paymentEst. refi $1,260/mo

Land

•

3.74

acres (lot)

2516 Martha Lake Rd, Mercer, WI 54547

About this home

Grand Portage Lake - Prep work done – Ready to Build! This property has a newer 2 car garage, 3.74 acres of land and 580’ of meandering frontage on a fully recreational lake. The garage’s interior is 12’ in height, has concrete floor with floor drain, 2 x 6 construction, and temporary electric to use garage door opener. Low maintenance since garage is wrapped in LP smart siding, metal eaves, and shingled roof. On site is a drilled well, electric pedestal with century link line, and electric service for RV hook up. Plus, there is an RV dumpsite connected to an existing conventional septic system. Awesome shed with wood siding, large double doors, several windows, deck and can be used for your storage or relaxing in front of an open fire. The shed overlooks the campfire, lowland, and lake. The acreage is wooded and has a clearing ready for a home plus an existing driveway with Y/R access. Included, a pier and boardwalk. Immediate access to ATV/snowmobile trails.

Vacant landProperty Type

2022Year Built

3.74 acresLot Size

$61,006Price/Acres

2 car garageParking

Listed by DIANA GIARDINA • CENTURY 21 PIERCE REALTY - MERCER

Bought with DIANA GIARDINA • CENTURY 21 PIERCE REALTY - MERCER

Redfin checked: a minute ago

•Source:GNMLS #205791

Redfin Estimate

$228,161

$33K since sold in June 2024$8,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 65.4% lower than the average sale price ($659K) of 6 comparable homes.

SOLD AUG 3, 2026
$280,000
A
2 beds1 bath864 sq ft
6274N Bambiland Rd, Mercer, WI 54547
SOLD FEB 25, 2026
$345,000
B
3 beds2 baths1,300 sq ft
2184W Pine Forest Rd, Mercer, WI 54547
SOLD JUN 12, 2026
$455,000
C
3 beds2 baths1,760 sq ft
2276 Allyn Rd, Mercer, WI 54547
SOLD AUG 13, 2026
$1,600,000
D
5 beds4.5 baths3,808 sq ft
5810 & 5809 Stone Lake Rd Rd N, Manitowish Waters, WI 54545
SOLD JUL 27, 2026
$837,000
E
3 beds2 baths2,578 sq ft
6710N Spider Ln, Mercer, WI 54547
SOLD JUN 29, 2026
$437,000
F
2 beds1 bath1,208 sq ft
4648W Cth Ff, Mercer, WI 54547

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Market trends in 54547, WI

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.7%

1.1% MoM

Median sale price

$465K

$17K MoM

Avg. days on market

45d

21 days MoM

Recently sold homes

1 MoM

New listings for sale

$829,900
3 beds2 baths2,272 sq ft
3707 Popko Cir N, Mercer, WI 54547
$665,000
4 beds3 baths1,830 sq ft
5084 Stafford Point Rd N, Mercer, WI 54547
See all

Provided by Redfin

Sale history for 2516 Martha Lake Rd

Year

Property tax

Land + Additions

Assessment*

2025

$1,434 (+4.1%)

$37,500 + $62,000

$99,500

2024

$1,378 (+16.5%)

$37,500 + $62,000

$99,500

2023

$1,182 (−5.0%)

$37,500 + $62,000

$99,500

2022

$1,245 (+161.5%)

$37,500 + $62,000

$99,500

2021

$476 (−0.2%)

$37,500

2020

$477 (+0.2%)

$37,500

2019

$476 (+0.7%)

$37,500

2018

$472 (+4.0%)

$37,500

2017

$454 (−29.1%)

$37,500

2016

$641 (+3.1%)

$56,300

2014

$622 (−13.4%)

$56,300

2013

$718

$56,300

Tax history for 2516 Martha Lake Rd

Year

Property tax

Land + Additions

Assessment*

2025

$1,434 (+4.1%)

$37,500 + $62,000

$99,500

2024

$1,378 (+16.5%)

$37,500 + $62,000

$99,500

2023

$1,182 (−5.0%)

$37,500 + $62,000

$99,500

2022

$1,245 (+161.5%)

$37,500 + $62,000

$99,500

2021

$476 (−0.2%)

$37,500

2020

$477 (+0.2%)

$37,500

2019

$476 (+0.7%)

$37,500

2018

$472 (+4.0%)

$37,500

2017

$454 (−29.1%)

$37,500

2016

$641 (+3.1%)

$56,300

2014

$622 (−13.4%)

$56,300

2013

$718

$56,300

*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

3.75 Acres

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Other

County

Iron County

APN

012 2240-0000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 19, 2026.

Property details

Parking

Parking/Garage Information
# of Parking Spaces Total: 2
Has Garage
# of Garage Spaces: 2
Parking Features: Garage, RV Access/Parking

Interior

Interior Features
Flooring: Concrete

Exterior

Exterior Features
Exterior Features: Dock
Roof: Composition, Shingle

Building Information
Sq. Ft.: 0

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

Property Information
Property Type: Land

Lot Information
Lot Features: Sloped, Views, Wooded, Wetlands, Waterfront
Frontage Type: Lakefront
Frontage Length: 580
Water Body Name: GRAND PORTAGE
Road Responsibility: Private Maintained Road
Road Frontage Type: Easement, Private Road
Zoning Description: Residential

Financial

Tax Information
Tax Annual Amount: $1,182

Utilities

Utility Information
Utilities: Natural Gas Available

Location

Schools Information
Elementary School: IR Mercer
Middle Or Junior School: IR Mercer
High School: IR Mercer

Location Information
Directions: Take HWY 51 South to left, on Harper St. At the stop sign go right, onto Martha Lake Road. Turn left at Grand Portage Resort sign. (After senior center) Property on left at fire #2516W.

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 3.75 acres
Style: Other
Year Built: —
Year Renovated: —
County: Iron County
APN: 012 2240-0000

Home facts updated by county records on Aug 19, 2026

Around this home

Schools

Mercer School

Public PreK-12 • Assigned • 0.4mi

6/10

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 91° 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

Mercer, WI • 54547

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Is this your home?

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New listings for sale in 54547

$829,900

3 beds2 baths2,272 sq ft

3707 Popko Cir N, Mercer, WI 54547

$665,000

4 beds3 baths1,830 sq ft

5084 Stafford Point Rd N, Mercer, WI 54547

Home values near 2516 Martha Lake Rd

Data from public records.

Address	Redfin Estimate
2510 Martha Lake Rd Apt 4, Mercer, WI 2 Beds \| 1 Baths \| 945 Sq. Ft.	$302,118
3 Martha Lake Rd Apt 3, Mercer, WI 2 Beds \| 1 Baths \| 710 Sq. Ft.	$230,996

Address	Redfin Estimate
2510 Martha Lake Rd Apt 5, Mercer, WI 2 Beds \| 1 Baths \| 702 Sq. Ft.	—
2510 Martha Lake Rd Apt 1, Mercer, WI - Beds \| 1 Baths \| 320 Sq. Ft.	$124,217

Address	Redfin Estimate
6 Martha Lake Rd Apt 6, Mercer, WI 3 Beds \| 2 Baths \| 1815 Sq. Ft.	$391,541
2510 Martha Lake Rd Apt 2, Mercer, WI 1 Beds \| 1 Baths \| 465 Sq. Ft.	$166,024

Property information provided by GNMLS when last listed in 2024. This data may not match . Learn more.

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