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W4601 Olivotti Lake Rd, Irma, WI, 54442

1beds
1baths
1,424sqft
$1,090,000
$765price/sqft
$6,539/moest. monthly cost
$261,560/yrincome needed

About This Home

Escape to your own private retreat on this exceptional 120-acre property, featuring a completely remodeled, like-new home. Rolling, wooded terrain with established trails offers excellent access for ATV riding, hiking, and hunting, with multiple stands already in place. A rare highlight: this property includes an entire private lake, nearly 5 acres and 30 feet deep, stocked with panfish, offering fishing, scenic views, and water access all your own. Varied topography, timber, and water combine to create a truly one of a kind setting for recreation or a quiet getaway. The like-new home offers a new furnace, water heater, AC, insulation, electrical, roof, siding, windows, wood fireplace, and lighting, all finished with high end materials throughout. The office offers flexible bonus space, ideal for a Murphy bed to host extra guests. Move in ready with nothing left to do, this property is a rare package of privacy, natural features, and modern comfort, perfect as a home, hunting/retreat property, or investment.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
9
BikeSomewhat Bikeable

Schools

4/10
5/10
Merrill High SchoolGrades 9-127.2 mi

Construction

Condition

  • Year built: 1996

Materials

  • Foundation: Slab
  • Roof: Metal
  • Construction materials: Frame

Type & Style

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

Interior

Appliances

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

Basement

  • Basement: None

Bathroom

  • Level: Second

Bedroom

  • Level: Second
  • Dimensions: 10x10

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Family Room

  • Level: First
  • Dimensions: 14x25

Features

  • Flooring: Ceramic Tile
  • Number of fireplaces: 1
  • Fireplace features: Blower Fan,Wood Burning
  • Fireplace: Yes
  • Attic: Scuttle
  • Finished area below ground: 0
  • Finished area above ground: 1,424

Heating & Cooling

  • Heating features: Forced Air,Propane
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,424
  • Total interior livable area: 1,424 sqft

Kitchen

  • Level: Second
  • Dimensions: 11x15

Laundry

  • Level: First
  • Dimensions: 7x12

Living Room

  • Level: Second
  • Dimensions: 14x15

Office

  • Level: Second
  • Dimensions: 7x10

Property

Details

  • Parcel number: Multiple see remarks
  • Zoning description: Residential

Features

  • Levels: Two
  • Stories: 2
  • Exterior features: Dock,Garden,Propane Tank - Leased
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Shoreline - Sand,Shoreline - Fisherman/Weeds,Lake Front
  • Waterbody name: UNNAMED LAKE
  • Frontage type: Lakefront
  • Frontage length: 1920,1920

Lot

  • Lot size: 120.16 Acres
  • Features: Buildable,Lake Front,Open Space,Private,Pond on Lot,Rolling Slope,Stream/Creek,Secluded,Views,Wooded,Wetlands

Parking

  • Total spaces: 2
  • Parking features: Attached,Underground,Garage,Two Car Garage,Driveway
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • 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
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Lightning
Winter Weather
Hail
Strong Wind
Tornado

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 $5,511$66,132
Home Insurance *$422$5,064
Property Taxes $435$5,220
Electricity $171$2,054
Total$6,539$78,468
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$224,194/yr
40% on housing$196,170/yr
45% on housing$174,373/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: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 3.6%
3.6%
0%15.0%
Property Taxes Growth Rate2-year average: -2.3%
-2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$765This listing

vs Other Active Listings

Avg $/sqft

ZIP 54442$151
Lincoln County$168

vs Homes Sold Last Month

Median $/sqft

ZIP 54442$210
Lincoln County$118

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
2026-07-03Listed for sale$1,090,000
2024-10-21Sold$613,200
2024-09-03Contingent$699,000
2024-09-03Pending sale$699,000
2024-08-02Price change$699,000
2024-07-03Listed for sale$739,000

For Sale by Agent

AgentTYNAN ANDERSON
BrokerageCENTURY 21 BEST WAY REALTY

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