About This Home

This 3-bedroom, 5-bathroom single family at 5256 HWY 51 in Manitowish Waters, WI is listed for $897,000. on a 1.16 acres lot.

Key Features

  • 1.16 acre lot
  • Fireplace

Property Details

1 story
3 full, 2 half

Amenities

FireplaceA/C
Listing Description

Exceptional turn-key investment and lifestyle opportunity in the heart of Manitowish Waters. Seller financing available for qualified Buyers! This completely renovated 3,200+ sq. ft. community business zoned triplex combines modern luxury, flexible use, and exceptional Northwoods recreation.

The property features three beautifully updated units with brand-new high-end furnishings, private exterior entrances, and secure interior connections - allowing the building to operate as three separate rentals or one expansive residential compound. A centrally located common laundry room supports convenient living or efficient rental turnover, while a private gated entrance adds security and privacy.

The property is ideally situated near snowmobile trails, biking paths, and a local boat landing providing access to the renowned Manitowish Chain of Lakes for boating, fishing, and watersports. Adding significant versatility is close to an acre behind the building with its own independent access from Townline Road.

The additional acreage offers space and potential for outbuildings, detached garages, boat/RV storage, or future development. Community Business zoning provides flexibility for a variety of potential uses, including residential, corporate or long-term rentals, short-term vacation rentals, boutique hospitality, professional office space, or a live/work configuration.

Ideal for an investor, hospitality entrepreneur, owner-occupant, or multi-generational family seeking a unique Northwoods property with income and expansion potential. Offered at $897,000, with flexible owner-financing options available to qualified buyers. Great location on USH 51 and WI DOT shows 4,600 vehicles pass per day! A rare combination of luxury, versatility, recreation, and investment potential in one of Wisconsin's premier year-round destinations.

Monthly Cost Estimate

$4,797/mo

20% down · 6.5% · 30 years

Principal$649
Interest$3,887
Insurance$262

Estimates only. Actual payments may vary.

Location

5256 HWY 51

Manitowish Waters, WI 54545

Features & Amenities

Interior Features

MainLevelPrimary

Exterior Features

DeckLandscapingPavedDriveway

Property Details

Flooring

SlateTileWoodVinyl

Construction

Cedar Frame LogSiding

Outdoor Features

Deck

Parking

DrivewayGarage

Heating

Hot Water(Heating)Forced AirRadiantNatural GasRadiant Floor

Cooling

Central Air

Appliances

DishwasherElectricOvenElectricRangeGasWaterHeaterMicrowaveRefrigeratorWasher

Questions & Answers

This 3-bedroom, 5-bathroom single family at 5256 HWY 51 is listed at $897,000. The estimated monthly payment is $4,798 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 1.16 acre lot, Fireplace. Interior Features: MainLevelPrimary. Exterior Features: Deck, Landscaping, PavedDriveway.

This property is listed by LINDA LONG TEAM.

LT

LINDA LONG TEAM

License 54872 - 90

Agent at Redman Realty Group, LLC

Listed by Redman Realty Group, LLC · Broker phone: (715) 358-0450 · View on Broker Site · Broker website

MLS# 219896· Source: Greater Northwoods MLS· 26 days on PropertySimple

Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5256 HWY 51, Manitowish Waters, WI 54545

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