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Land with Home for Sale in Phelps, Wisconsin

1386 E Point Ln, Phelps, WI 54554

$679,900
2.65 acres
Pending sale
Under contract

This is the kind of Northwoods lake property buyers wait years to find! Privately tucked among mature trees on 2.65 wooded acres, this very well maintained chalet-style retreat offers more than 160 feet of sand frontage on peaceful Spectacle Lake. Neighboring homes are nearly hidden from view, creating a rare sense of seclusion while remaining convenient to Phelps. A comfortable approach leads to an exceptional swimming area, waterfront firepit, wheeled pier and included boat lift. Inside, a dramatic wall of lakeside windows fills the open-concept kitchen, dining and great room with natural light while framing expansive water views. The wood-burning stove adds warmth and classic Up North character, while the expansive wraparound lakeside deck is perfect for morning coffee, outdoor dining, entertaining or simply listening to the wonderful sounds of nature. The main level includes a spacious bedroom and full bath, while the upper loft provides flexible space for additional sleeping, a home office, or a quiet retreat. The finished walkout lower level adds a bright recreation room with lake views, pellet stove, butternut accent wall, built-in cedar-lined storage and a beautifully designed second full bath with a new tiled shower. An additional lower-level room is currently used as a bedroom but is nonconforming due to egress. A large utility room provides excellent storage and houses the mechanical systems. Additional features include forced-air propane heat, a 500-gallon propane tank (owned) and a propane-powered whole-house generator for added comfort and security. The 32x24 garage offers room for up to three vehicles and Northwoods toys, plus substantial upper-level storage currently used as a woodworking and hobby area. The pier and boat lift are included, and select furnishings may be negotiable. Peaceful water, tremendous privacy, remarkable sand frontage, quality construction, and unmistakable pride of ownership come together in one extraordinary package!

Sq feet
2
Beds
2
Full baths
2003
Built

Location

Street address
1386 E Point Ln
Zip code
54554
Elevation
1,790 feet
Coordinates
46.0041, -89.0215

Property details

Acreage
2.65 acres
Zoning
All Purpose
MLS #
GNMLS 218897
Posted

Property taxes

2025
$3,396

Parcels

  • 18-1757-05

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

View
Water
Waterfront
Lake Front
Features
Dead End, Private, Rural Lot, Secluded, Views, Wooded

Exterior

Parking Spaces
6
Parking
Driveway, Garage
Pool
Deck
Features
Boat Lift, Dock, Gravel Driveway, Landscaping, Propane Tank Owned

Structure

Stories
2
Water
Well
Heating
Forced Air, Propane
Materials
Frame, Log Siding
Roof
Composition, Shingle
Windows
Skylight(s)

Interior

Rooms
Basement, Bathroom x 2, Bedroom x 2, Dining Room, Game Room, Laundry Room, Utility Room
Flooring
Carpet, Vinyl, Wood
Fireplaces
Yes
Appliances
Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Microwave, Propane Water Heater, Refrigerator, Washer
Features
Cathedral Ceilings, Ceiling Fans, High Ceilings, Skylights, Vaulted Ceilings

Property utilities

CategoryTypeStatus
GasPropaneConnected

Nearby schools

NameType
VI PhelpsElementary
VI PhelpsMiddle
VI PhelpsHigh

Listing history

DateEventPriceChangeSource
Aug 10, 2026Under contract$679,900GNMLS
Aug 6, 2026New listing$679,900GNMLS
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This 2.65-acre property is located at 1386 E Point Ln in Phelps, WI 54554. The property is pending sale. It has a 2-bedroom, 2-bath house built in 2003.

Listed by Eliason Realty - Eagle River, (715) 479-4431

Checked 2 hours agoUpdated Source

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