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4580 W Lake Of The Falls Rd, Mercer, WI, 54547

4beds
2baths
1,263sqft
$725,000
$574price/sqft
$5,129/moest. monthly cost
$205,160/yrincome needed

About This Home

Stunning Northwoods retreat on Lake of the Falls! Enjoy 200 feet of frontage and beautiful, expansive lake views from this privately situated, wooded property in Mercer. The main level features 3 bedrooms plus a versatile flex room (no closet), 1 full bath and 1 half bath with a convenient laundry area. Quality upgrades shine throughout, including solid surface countertops, rich cherry wood flooring, and ceramic tile in the bathrooms. Step outside to a beautiful stone patio perfectly positioned to take in the peaceful waterfront setting - ideal for relaxing or entertaining. The property includes a dock/pier for immediate lake access. Also included are two large detached garages for all the toys! Currently used as a rental, this home also presents a fantastic investment opportunity or personal getaway. Located on sought-after Lake of the Falls, you’ll enjoy clear waters, excellent recreation, and year-round Northwoods serenity in a quiet, private setting.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
17
BikeSomewhat Bikeable

Schools

5/10
Mercer SchoolGrades PK-124.7 mi

Construction

Materials

  • Foundation: Block
  • Roof: Composition,Shingle
  • Construction materials: Brick,Frame,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Electric Oven,Electric Range,Electric Water Heater,Microwave,Refrigerator,Washer
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Egress Windows,Full,Unfinished

Bathroom

  • Level: First

Bathroom

  • Level: First

Bedroom

  • Level: First
  • Dimensions: 11x9'10

Bedroom

  • Level: First
  • Dimensions: 8'7x11'7

Bedroom

  • Level: First
  • Dimensions: 8'11x11'6

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Dining Room

  • Level: First
  • Dimensions: 9'9x14'10

Features

  • Ceiling Fan(s),Central Vacuum,Main Level Primary,Pantry
  • Flooring: Ceramic Tile,Wood
  • Number of fireplaces: 1
  • Fireplace features: Gas Log
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 1,263

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,263
  • Total interior livable area: 1,263 sqft

Kitchen

  • Level: First
  • Dimensions: 11'9x14'10

Living Room

  • Level: First
  • Dimensions: 19'11x10'2

Master Bedroom

  • Level: First
  • Dimensions: 11'3x13'1

Property

Details

  • Parcel number: 21030000
  • Zoning description: Forestry

Features

  • Stories: 1
  • Patio & porch: Patio
  • Exterior features: Dock,Landscaping,Patio,Gravel Driveway
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Shoreline - Fisherman/Weeds,Shoreline - Silt,Lake Front
  • Waterbody name: LAKE OF THE FALLS
  • Frontage type: Lakefront
  • Frontage length: 200,200

Lot

  • Lot size: 3.38 Acres
  • Features: Dead End,Lake Front,Private,Secluded,Sloped,Views,Wooded

Parking

  • Total spaces: 8
  • Parking features: Detached,Four Car Garage,Four or more Spaces,Garage
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Lightning
    LightningVery High
  • Winter Weather
    Winter WeatherVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Lightning
Winter Weather
Inland Flooding
Hail
Strong Wind
Tsunami

FEMA Declared Disasters Across Wisconsin Counties

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,665$43,980
Home Insurance *$424$5,088
Property Taxes $869$10,428
Electricity $171$2,054
Total$5,129$61,548
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$175,851/yr
40% on housing$153,870/yr
45% on housing$136,773/yr

Wisconsin FAIR Plan Programs

Wisconsin Insurance Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 5,246Commercial: 198
Total Premiums$4.55M
Total Exposure$860.28M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.4%
11.4%
0%30.0%
Electricity Growth Rate10-year average: 3.6%
3.6%
0%15.0%
Property Taxes Growth Rate2-year average: -3.5%
-3.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$574This listing

vs Other Active Listings

Avg $/sqft

ZIP 54547$342
Iron County$335

vs Homes Sold Last Month

Median $/sqft

ZIP 54547
Iron County$130

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-05Listed for sale$725,000
2021-09-29Sold$272,000

For Sale by Agent

AgentLINDA LONG TEAM
BrokerageREDMAN REALTY GROUP, LLC

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