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N2276 Rae Dr, Merrill, WI, 54452

2beds
2baths
1,288sqft
$449,000
$349price/sqft
$3,052/moest. monthly cost
$122,080/yrincome needed

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

0
WalkingCar-Dependent
0
TransitVery Limited Transit
14
BikeSomewhat Bikeable

Schools

4/10
5/10
Merrill High SchoolGrades 9-124.5 mi

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
    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 $2,270$27,240
Home Insurance *$259$3,108
Property Taxes $352$4,224
Electricity $171$2,054
Total$3,052$36,624
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$104,640/yr
40% on housing$91,560/yr
45% on housing$81,386/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

$349This listing

vs Other Active Listings

Avg $/sqft

ZIP 54452$130
Lincoln County$175

vs Homes Sold Last Month

Median $/sqft

ZIP 54452$120
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
2026-07-29Price change$449,000
2026-07-02Listed for sale$499,900
2023-05-12Sold$355,000
2023-03-15Contingent$375,000
2022-11-30Listed for sale$375,000
2022-11-01Listing removed--
2022-08-18Listed for sale$399,900
2016-04-18Sold$182,400
2016-02-08Sold$65,000

For Sale by Agent

AgentANDREA KRUEGER
BrokerageCENTURY 21 BEST WAY REALTY

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