Skip to main contentSkip to navigation
1 / 55

Mixed-Use Land for Sale in Phelps, Wisconsin

2613 Peterson Ln, Phelps, WI 54554

$1,450,000
2 acres
Active sale
ago
Est $8,359/mo

Step through the front door and you're greeted by a panoramic view of North Twin Lake, framed by walls of windows. Tucked at the end of a private, maple-lined road, this well-maintained lake home sits on 1.95 acres and blends rustic Northwoods character with modern finishes. The open main level features a bright kitchen with gray shaker cabinetry, quartz counters, stainless appliances and a large island, all under a vaulted ceiling with a hand-hewn log beam. The living area flows into a window-wrapped sunroom with a gas stove and opens to an upper deck. The dining area looks out over the deck, where glass railings keep the views unobstructed. The primary suite boasts a knotty pine vaulted ceiling, fieldstone accent wall, lake views and an en suite bath with a tiled pebble-stone shower. A second bath offers a soaking tub and separate shower. Four bedrooms plus two bonus rooms provide plenty of space for family and guests, and a spacious laundry/mudroom adds convenience. Outside, the walkout lower level opens to a covered patio with a bar. A nicely landscaped path leads to a hot tub deck, then to the dock and sandy, south-facing shoreline on North Twin Lake, which connects to South Twin Lake for even more water to explore by boat. Spend hours fishing, boating and exploring nearly 3,500 acres of connected lake, with plenty of spots to stop and grab a bite to eat at one of the lakeside restaurants. Mature hardwoods offer privacy throughout. Storage is outstanding, with a newer heated pole building, an additional heated detached garage and two storage sheds, plus ample parking for boats, trailers and campers. See attached seller's note for a full list of updates. Photos can't capture the custom craftsmanship and quality finishes found throughout this home, or the feeling of walking through that front door. Call today to schedule your showing.

—
Sq feet
4
Beds
3
Full baths
1994
Built

Location

Street address
2613 Peterson Ln
Zip code
54554
Elevation
1,691 feet
Coordinates
46.0678, -89.1086

Directions

From Eagle River follow STH 45 north to CTH K in Conover and turn Right. Follow to Peterson Ln and turn Right. Follow to last house on Peterson Lane. Look for Signs.

Property details

Acreage
1.95 acres84,942 sq ft
Zoning
General Business
MLS #
GNMLS 220236
Posted

Property taxes

2025
$4,874 - PRT GOVT LOT 2

Parcels

  • 18-226

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

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

Exterior

Parking Spaces
6
Parking
Driveway, Garage
Pool
Deck, Patio
Hot Tub
Yes
Structures
Outbuilding
Features
Dock, Landscaping, Out Buildings

Structure

Style
Ranch
Stories
1
Water
Well
Sewer
Public Sewer
Heating
Forced Air, Heat Pump, Natural Gas
Materials
Frame, Vinyl Siding, Wood Siding
Roof
Composition, Shingle

Interior

Rooms
Basement, Bathroom x 3, Bedroom x 4, Bonus Room, Dining Room, Game Room, Laundry Room
Flooring
Tile, Vinyl
Appliances
Dishwasher, Dryer, Electric Oven, Electric Range, Exhaust Fan, Microwave, Refrigerator, Washer
Features
Bath In Primary Bedroom, Cathedral Ceilings, Ceiling Fans, Dry Bar, High Ceilings, Hot Tub Spa, Jetted Tub, Main Level Primary, Vaulted Ceilings, Walk In Closets, Wet Bar

Property utilities

CategoryTypeStatus
GasNatural GasConnected

Nearby schools

NameType
VI PhelpsElementary
VI PhelpsMiddle
VI PhelpsHigh

Listing history

DateEventPriceChangeSource
Oct 29, 2026New listing$1,450,000—GNMLS
Subscribe to listing updates

Payment calculator

This 1.95-acre property is located at 2613 Peterson Ln in Phelps, WI 54554. The property is available for sale, priced at $1,450,000. It has a 4-bedroom, 3-bath house built in 1994.

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

Checked 2 hours agoUpdated Source

Report listing issue

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.

Contact listing agent Rules
By submitting, I agree to the terms of use and to be contacted by real estate professionals. Message and data rates may apply.
Contact