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    2994 Kentuck Lake Rd Phelps, WI 54554

    For Sale
    $2,700,000

    LAND - Other - Phelps, WI

    Lot size:
    550.00 Acres
    Days on Market:
    152
    Last Refresh:
    Dec 7 at 11:06 pm

    Property Features for 2994 Kentuck Lake Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    18-1771, 18-1777
    Parking features
    Garage
    Patio and Porch features
    Deck
    Interior features
    CeilingFans
    Exterior features
    Dock, PropaneTankLeased
    Appliances
    Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater, Microwave, Refrigerator, Washer
    Lot size
    550.00 Acres

    Utilities

    Heating system
    Propane (Heating), Forced Air
    Cooling system
    Central Air
    Water source
    Well
    Water front features
    Lake Front
    Water front
    1

    Building Details

    Year built
    2018
    Floors in Building
    1
    Flooring type
    Wood
    Building materials
    Frame, LogSiding
    Roof type
    Shingle, Composition
    Architectural style
    Other

    Eliason Realty of the North (715) 547-3341 [email protected]

    Listing agent ROY D ANTONIO (715) 547-3341 License #51030 - 90

    Listing date Jul 9, 2025

    MLS# 210408 Listing URL

    Copyright © 2025 Northwoods Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vilas County Land with Lake

    This 550-acre parcel in Vilas County, Wisconsin, features the private 52-acre Dewey Lake. The land includes rolling mixed hardwood stands, Red Pine, and open pasture areas. A newer, well-constructed 2-bedroom, 1 bathroom cabin is situated on the north shore of Dewey Lake, offering southern exposure and views of the lake and surrounding topography. The current owner has completed extensive fish management within Dewey Lake, including wintertime aerators, and the lake offers several species of game fish. Located near numerous recreational lakes and 20 minutes from Eagle River WI, the property has a mile of county road frontage and electricity. It offers timber value, timber management opportunities, and potential investment opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Phelps
    County
    Vilas
    State
    Wisconsin
    Longitude
    -89.02676223
    Latitude
    45.99581146

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    FAQs

    What type of property is this?
    Farm - 550-acre Vilas County parcel with private 52-acre Dewey Lake.
    Where is this farm located?
    The property is located at 2994 Kentuck Lake Rd Phelps, WI.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - Private Dewey Lake: Enjoy your own 52-acre lake within a vast 550-acre parcel.; - Newer 2-bedroom cabin: Features southern exposure and stunning lake views.; - Dewey Lake: Benefit from extensive fish management with several game fish species.
    (715) 547-3341
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    2994 Kentuck Lake Rd Phelps, WI 54554
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2994 Kentuck Lake Rd Phelps, WI 54554
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