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8009 Peltonen Rd, Hurley, WI, 54534

1beds
1baths
864sqft
$699,900
$810price/sqft
$4,636/moest. monthly cost
$185,440/yrincome needed

About This Home

Your own private island-like paradise! Nestled on a peninsula with over 2,300 feet of pristine, wooded shoreline, this property offers the ultimate Northwoods escape on the breathtaking 346-acre Island Lake in Northern Iron County. Accessible by a charming driveway that gives you the feel of true island living, this rare gem is perfect for those seeking tranquility and adventure. The property features a vintage 1929 log cabin—the very first dwelling built on Island Lake—perched atop a gentle hill, offering panoramic views of the water. Imagine waking up to the sounds of nature, spending your days on the perfect sand beach, and enjoying evenings by the fire as the sun sets over the lake. Access is easy via a private gated drive, yet the setting feels worlds away from the hustle and bustle. Whether you’re seeking a family legacy property, a secluded getaway, or a unique investment, this is a rare chance to own a slice of Northwoods paradise.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
22
BikeSomewhat Bikeable

Schools

5/10
Hurley Elementary SchoolGrades PK-514.0 mi
6/10
Hurley High SchoolGrades 6-1214.0 mi

Construction

Condition

  • Year built: 1929

Materials

  • Foundation: Pillar/Post/Pier
  • Roof: Metal
  • Construction materials: Frame,Log

Type & Style

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

Interior

Appliances

  • Appliances included: Electric Water Heater

Bathroom

  • Level: First

Bedroom

  • Level: First
  • Dimensions: 17x24

Bedrooms & Bathrooms

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

Features

  • Ceiling Fan(s)
  • Flooring: Wood
  • Fireplace features: None
  • Finished area below ground: 0
  • Finished area above ground: 864

Heating

  • Heating features: Electric

Interior Area

  • Total structure area: 864
  • Total interior livable area: 864 sqft

Kitchen

  • Level: First
  • Dimensions: 14x17

Living Room

  • Level: First
  • Dimensions: 10x7

Property

Details

  • Parcel number: 01005110000

Features

  • Exterior features: Gravel Driveway
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Shoreline - Sand,Lake Front
  • Waterbody name: ISLAND
  • Frontage type: Lakefront
  • Frontage length: 2300,2300

Lot

  • Lot size: 6 Acres
  • Features: Lake Front,Level,Private,Secluded,Views,Wooded

Parking

  • Parking features: No Garage,Driveway
  • 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 WaveRelatively High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Lightning
Winter Weather
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 $3,539$42,468
Home Insurance *$355$4,260
Property Taxes $571$6,852
Electricity $171$2,054
Total$4,636$55,632
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$158,948/yr
40% on housing$139,080/yr
45% on housing$123,626/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

$810This listing

vs Other Active Listings

Avg $/sqft

ZIP 54534$341
Iron County$337

vs Homes Sold Last Month

Median $/sqft

ZIP 54534
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
2026-04-30Listed for sale$699,900
2026-01-01Listing removed$899,999
2025-07-31Listed for sale$899,999

For Sale by Agent

AgentPATRICK SCHEY
BrokerageLAKEPLACE.COM - VACATIONLAND PROPERTIES

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