




N2276 Rae Dr, Merrill, WI, 54452
About This Home
Come experience the views, the water, and the lake lifestyle you've been dreaming of. This waterfront home or getaway with 137 feet of 137 feet of frontage on sought-after Lake Alexander, west of Merrill. Whether your ideal day includes casting a line, cruising the lake, swimming, or boating to nearby Council Grounds State Park, this property offers endless opportunities to enjoy Lake Life. This exceptionally well-cared-for ranch home was built just 10 years ago and shows pride of ownership throughout. The inviting open-concept floor plan seamlessly connects the kitchen, dining, and living areas, creating a bright and comfortable space for gathering with family and friends. The home features 2 bedrooms, 2 full baths, and convenient main-floor laundry for easy everyday living. Off the patio door, take in breathtaking lake views from the covered waterside deck, the ideal setting for morning coffee, afternoon relaxation, or watching the sunset over the water. A full walk-out lower level provides a blank canvas for future expansion, offering plenty of room to add bedrooms, a family room, or additional entertaining space. Maintained and mature planting beds add color, character, and curb appeal to this turnkey waterfront property. Whether you're looking for a year-round residence, or a vacation retreat, this Lake Alexander gem could be yours. Walk along the west part of the lot, you will find a place to put your future dock. There is also a pumping system to water your lawn. Winter enjoy the cozy fireplace in the living room or get our and snowmobile from your front door, and get to ice fishing, or the famous Lake Alexander Ice Drags.
Getting Around
Schools
Construction
Condition
- Year built: 2016
Materials
- Foundation: Poured
- Roof: Composition,Shingle
- Construction materials: Frame,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: One Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Dishwasher,Range,Refrigerator,Washer
- Laundry features: Main Level
Basement
- Has basement: Yes
- Basement: Full,Walk-Out Access
Bathroom
- Level: First
Bathroom
- Level: First
Bedroom
- Level: First
- Dimensions: 12x11
Bedroom
- Level: First
- Dimensions: 14x12
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Dining Room
- Level: First
- Dimensions: 10x7
Features
- Flooring: Carpet,Laminate,Vinyl
- Number of fireplaces: 1
- Fireplace features: Gas
- Fireplace: Yes
- Finished area below ground: 1,288
- Finished area above ground: 1,288
Heating
- Heating features: Propane
Interior Area
- Total structure area: 1,288
- Total interior livable area: 1,288 sqft
Kitchen
- Level: First
- Dimensions: 12x11
Laundry
- Level: First
- Dimensions: 8x6
Living Room
- Level: First
- Dimensions: 20x14
Property
Details
- Parcel number: 02431060519991
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered,Deck
- Exterior features: Deck
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- On waterfront: Yes
- Waterfront features: Shoreline - Sand,Shoreline - Rocky,Lake Front
- Waterbody name: ALEXANDER LAKE
- Frontage type: Lakefront
- Frontage length: 137,137
Lot
- Lot size: 1 Acres
- Features: Lake Front,Rolling Slope,Rural Lot,Views
Parking
- Parking features: Carport
- Carport: 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
- Inland Flooding
- Lightning
- Winter Weather
- Hail
- Strong Wind
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Wisconsin Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,270 | $27,240 |
| Home Insurance * | $259 | $3,108 |
| Property Taxes | $352 | $4,224 |
| Electricity | $171 | $2,054 |
| Total | $3,052 | $36,624 |
Income You'd Need if You Spent...
Wisconsin FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-29 | Price change | $449,000 |
| 2026-07-02 | Listed for sale | $499,900 |
| 2023-05-12 | Sold | $355,000 |
| 2023-03-15 | Contingent | $375,000 |
| 2022-11-30 | Listed for sale | $375,000 |
| 2022-11-01 | Listing removed | -- |
| 2022-08-18 | Listed for sale | $399,900 |
| 2016-04-18 | Sold | $182,400 |
| 2016-02-08 | Sold | $65,000 |
