
Land with Home for Sale in Mercer, Wisconsin
1992W Diamond Rd, Mercer, WI 54547
An irreplaceable investment opportunity on the crystal-clear waters of Martha Lake. This sprawling, highly unique property boasts nearly 19 pristine acres and approximately 1,000 feet of coveted, western-facing lake frontage. The beautifully wooded acreage features a perfectly level topography with a gentle, moderate slope ideal for a walk-out basement design. Steeped in history as a former vintage resort, the expansive parcel offers unparalleled privacy close to town and immediate potential to either create a grand, private estate or subdivide for a lucrative return. The property includes a 3-bedroom main home with a full basement, an oversized 2-car garage with a private upper-level deck, and three historic 1920s log cabins-including one sitting directly at the water's edge-awaiting your vision. Properties on this pristine, "gin-clear" lake are exceptionally rare; the true value is in this massive, versatile footprint.
Location
- Street address
- 1992W Diamond Rd
- County
- Iron County
- Elevation
- 1,606 feet
Directions
Hwy 51 North in Mercer turn RT on CTH J, turn RT on Martha Lk Rd, RT on Diamond Rd to end and straight at fire number 1992W
Property details
- Acreage
- 18.78 acres
- MLS #
- GNMLS 217297
- Posted
Property taxes
- 2025
- $6,655
Parcels
- 012-2829
- 12-2813-0000
Legal description
PT GV LT 5 16.17A EXC 75/376 A/I PCL 2813-0000 29 43 4E AND PT GV LT 4 EXC 75/376
Details and features
Listing
- Type
- Residential
- Subtype
- Single Family Residence
- Franchise
- Century 21 Real Estate
Lot
- View
- Water
- Waterfront
- Lake Front
- Features
- Dead End, Level, Private, Secluded, Sloped, Views, Wooded
Exterior
- Parking
- Garage
- Features
- Propane Tank Owned
Structure
- Style
- Ranch
- Stories
- 1
- Water
- Well
- Heating
- Forced Air, Propane
- Materials
- Cedar, Frame, Log
- Roof
- Metal
Interior
- Rooms
- Basement, Bathroom, Bedroom x 3, Dining Room
- Flooring
- Vinyl, Wood
- Fireplaces
- Yes
- Appliances
- Dishwasher, Dryer, Electric Oven, Electric Range, Refrigerator, Washer
Property utilities
| Category | Type | Status |
|---|---|---|
| Gas | Propane | Connected |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| May 22, 2026 | New listing | $888,000 | — | GNMLS |


































