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7169 Rainbow Lake Rd

Lake Tomahawk, WI 54539
  • $1,350,000
  • STATUS: Active
  • ON SITE: 325 Days
  • MLS #: 202389
UPDATED: 113 min ago
$1,350,000
  • 4
    BEDS
  • 11.42
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 5,706
    SQFT
  • $237
    $/SQFT
Type:
Commercial
County:

School Ratings & Info

Description

This is an incredibly beautiful property on the Rainbow Flowage. The property features 2,769 feet of sandy and south facing lake frontage on a point, including private acreage across the bay, plus 3 lots with frontage on a pond across Rainbow Lake Rd. Lots of possibilities here! It has been in the family for over 50 years and run as a mobile home park with restaurant and tavern. There are currently 21 leased sites and the tavern is currently leased also. The living quarters are currently set up as a duplex. The upper level has 3 bdrms/2 baths, liv rm, and kit, and the lower level has a huge bedroom suite,2 full bathrooms, liv rm, eat in kitchen, and laundry room. All with lake views. Many updates such as newer windows, siding, furnaces, etc. There is a private boat launch and it's right near the snowmobile and AVT trails too. Boating and fishing the flowage makes you really appreciate what nature has given us!

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© 2024 Northwoods Association of REALTORS® & Greater Northwoods MLS. All rights reserved. IDX information is provided exclusively for 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 is deemed reliable but is not guaranteed accurate by the MLS or Dream North Real Estate, eXp Realty, LLC. Data last updated: 2024-05-19T12:07:38.8.
www.dreamnorthre.com/homes/141010250
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7169 Rainbow Lake Rd Lake Tomahawk, WI 54539

  • Price: $1,350,000
  • Status: Active
  • On Site: 325 Days
  • Updated: 113 min ago
  • MLS #: 202389
4
Beds
6
Baths
0
½ Baths
11.42
Acres
5,706
SQFT
$237
$/SQFT
County:
Oneida
Area:
Lake Tomahawk
Property Description
This is an incredibly beautiful property on the Rainbow Flowage. The property features 2,769 feet of sandy and south facing lake frontage on a point, including private acreage across the bay, plus 3 lots with frontage on a pond across Rainbow Lake Rd. Lots of possibilities here! It has been in the family for over 50 years and run as a mobile home park with restaurant and tavern. There are currently 21 leased sites and the tavern is currently leased also. The living quarters are currently set up as a duplex. The upper level has 3 bdrms/2 baths, liv rm, and kit, and the lower level has a huge bedroom suite,2 full bathrooms, liv rm, eat in kitchen, and laundry room. All with lake views. Many updates such as newer windows, siding, furnaces, etc. There is a private boat launch and it's right near the snowmobile and AVT trails too. Boating and fishing the flowage makes you really appreciate what nature has given us!
Exterior Features

Construction Materials Composite Siding Frame Masonite Metal Siding Parking Features Private Unpaved Roof Composition Rubber Shingle

Interior Features

Cooling Wall Window Units Cooling YN Yes Electric Circuit Breakers Flooring Carpet Vinyl Heating Forced Air Propane Heating YN Yes Interior Features Storage

Property Features

Business Name Rainbow Shores Business Type Mobile Trailer Park Bar Tavern Lounge Restaurant Direction Faces South Frontage Length 3327 Frontage Type Lakefront Gross Income 75000 Inclusions Real Estate and Business Equipment Furniture Lease Term Item12 Months Lot Features Adjacent To Public Land Dead End Lake Front Level Private Rural Lot Secluded Views Wooded Other Structures Living Quarters Ownership Type Fee Simple Property Sub Type Hotel Motel Public Survey Range 08 Public Survey Section 19 Public Survey Township 39 Road Frontage Type Town Road Road Surface Type Paved Sewer Conventional Sewer Mound Septic Tax Annual Amount 4197 Tax Year 2022 Tenant Pays All Utilities Township ON Newbold Utilities Phone Available View Water View YN Yes Water Source Drilled Well Well Waterfront Features Shoreline Sand Lake Front Waterfront YN Yes

Listing information © 2024 Northwoods Association of REALTORS® & Greater Northwoods MLS.
Listing provided courtesy of Richelle & Tim Kruse of ELIASON REALTY - ST GERMAIN: (715) 542-3223.



© 2024 Northwoods Association of REALTORS® & Greater Northwoods MLS. All rights reserved. IDX information is provided exclusively for 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 is deemed reliable but is not guaranteed accurate by the MLS or Dream North Real Estate, eXp Realty, LLC. Data last updated: 2024-05-19T12:07:38.8.
 
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Dream North Real Estate, eXp Realty, LLC
7750 US Hwy 51, Suite C
Minocqua WI, 54548