See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

N11223 Schmidtbauer Rd, Tomahawk, WI, 54487

3beds
2baths
1,416sqft
$449,900
$318price/sqft
$2,930/moest. monthly cost
$117,200/yrincome needed

About This Home

Looking for the ultimate lakefront property? This might just check all your boxes! Listed at $449,000, this charming 3-bedroom, 1.5-bathroom year-round home offers the perfect blend of Northwoods charm and modern peace of mind, all nestled on a sprawling 3-acre private lot. The main floor features a good-sized kitchen and dining area that flows seamlessly into the welcoming living room—ideal for gathering after a day on the water. A main-floor bedroom and a full bathroom offer convenient single-level living. Upstairs, you will find two additional generously sized bedrooms, a half bath, and a flexible loft space perfect for extra bunks or a reading nook, complete with a wall A/C unit to keep the upper level cool all summer long. Major mechanical updates over the past 15 years include updated plumbing, updated electrical, and a newer furnace. Outdoor living is where this property truly shines, and the included dock means you are ready for the water on day one! Relax on the spacious deck directly off the home, or head down to the firepit area located halfway to the lake—the perfect spot for evening s'mores. Best of all, a highly desirable gentle slope leads you right to the water's edge, boasting 188 feet of gorgeous frontage on pristine Muskellunge Lake. Storage is a dream with a massive 30x30 detached heated garage to keep all your boats, ATVs, and snowmobiles safe from the elements, plus an additional 12x10 storage shed. All kitchen appliances are included in the sale, making this a truly turn-key opportunity. Whether you are looking for a full-time residence or the ultimate seasonal getaway, this Northwoods gem is ready for you.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
22
BikeSomewhat Bikeable

Schools

6/10
7/10
Tomahawk Middle SchoolGrades 6-83.4 mi
7/10
Tomahawk High SchoolGrades 9-123.4 mi

Construction

Condition

  • Year built: 1917

Materials

  • Foundation: Poured,Stone
  • Roof: Composition,Shingle
  • Construction materials: Frame,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: One and One Half Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Propane Water Heater,Range,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Partial,Unfinished

Bathroom

  • Level: First

Bathroom

  • Level: Second

Bedroom

  • Level: First
  • Dimensions: 12x10

Bedroom

  • Level: Second
  • Dimensions: 14x13

Bedroom

  • Level: Second
  • Dimensions: 11x10

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Dining Room

  • Level: First
  • Dimensions: 14x14

Features

  • Flooring: Carpet,Laminate
  • Fireplace features: None
  • Attic: Crawl Space
  • Finished area below ground: 0
  • Finished area above ground: 1,416

Heating

  • Heating features: Baseboard,Forced Air,Propane

Interior Area

  • Total structure area: 1,416
  • Total interior livable area: 1,416 sqft

Kitchen

  • Level: First
  • Dimensions: 14x16

Living Room

  • Level: First
  • Dimensions: 16x13

Loft

  • Level: Second
  • Dimensions: 10x9

Property

Details

  • Parcel number: 00435061319968
  • Zoning description: Residential

Features

  • Levels: One and One Half
  • Stories: 1
  • Exterior features: Dock,Propane Tank - Leased
  • Has view: Yes
  • On waterfront: Yes
  • Waterfront features: Shoreline - Sand,Shoreline - Fisherman/Weeds,Lake Front
  • Waterbody name: MUSKELLUNGE
  • Frontage type: Lakefront
  • Frontage length: 188,188

Lot

  • Lot size: 3.10 Acres
  • Features: Lake Front,Private,Secluded
  • Lot size dimensions: 213 x 748

Parking

  • Total spaces: 3
  • Parking features: Detached,Garage,Heated Garage
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Winter Weather
Hail
Inland Flooding
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 $2,274$27,288
Home Insurance *$156$1,872
Property Taxes $329$3,948
Electricity $171$2,054
Total$2,930$35,160
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$100,457/yr
40% on housing$87,900/yr
45% on housing$78,133/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

$318This listing

vs Other Active Listings

Avg $/sqft

ZIP 54487$215
Lincoln County$175

vs Homes Sold Last Month

Median $/sqft

ZIP 54487$201
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
2026-07-23Listed for sale$449,900

For Sale by Agent

AgentSTEVE LA CERTE
BrokerageCOLDWELL BANKER ACTION - TOMAHAWK

Similar Homes