WAUPACA CHAIN O' LAKES INVESTMENT PROPERTY IN WI

N2979 Otter Drive, Waupaca, Wisconsin, 54981

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* FOR SALE

$1,150,000

MLS: 48042-20083

1.5 Acres

2,737 SqFt

2 beds

3.0 baths

What You Should Know

  • Waupaca Chain O' Lakes

  • New Lake Home on Otter Lake

  • Investment Property for sale

  • Family Vacation Rental Home

  • Waupaca County Water Frontage

  • Level Lake Frontage

  • Fully-furnished Rental Cottage

  • Located in King, Wisconsin

Why You'll Love It

Wisconsin Lakefront Home on Otter Lake, Chain O' Lakes

4 year old lake home PLUS cottage with in-laws suite offers an established turn-key rental business for you to pick right up and continue. This impressive lakefront property at N2979 Otter Drive boasts 260ft of frontage on Otter Lake with almost an acre and a half of land to enjoy. 

Newer Waupaca Lakefront Home

The custom home features a 2 story wall of 3 pane windows overlooking the expansive level back yard nestled up to the banks of the Chain O' Lakes with your choice of 3 docks to park the watercraft toys. The open concept floor plan allows for great entertaining space year round. Cozy up to the stone pellet stove fireplace on the cold winter nights or take the party outside around the covered patio during the warmer temps. 

Quality Home Features

Prepare to be impressed by the vaulted ceilings, Hickory floors, doors and trim, granite counter tops and custom cabinetry. Off of the dining area, soak up the sun in the 4-seasons room. The main floor master suite offers a large bathroom with walk-in tile shower. Additional main floor amenities include wet bar, laundry room and full bathroom. The upper level offers a bedroom, full bathroom and a spacious loft that could easily transform into a third bedroom. Above the attached 4 car garage, is an additonal unfinished storage space.

Additional Income Producing Cottage

This unique Chain O' Lakes package offers a prime investment opportunity with the Otter Lake Cottages. The rental property has significant rental history since 2012 with many repeat guests. The property is offered fully furnished, ready to produce income immediately. The 3 bedroom, 1 bathroom space has an updated kitchen and bathroom. The in-law quarters has 1 bedroom and a full bathroom. Both units have hardwood floors and finished patio spaces complete with fire pits, grill and pontoon boat - just bring the fun!

The total package has so much to offer, call Joe Udoni at 715-258-8800 to get the full breakdown. This hot Chain O' Lakes property won't last long!

Where You'll Find It

  • Street Address: N2979 Otter Drive
  • City: Waupaca
  • State: Wisconsin
  • County: Waupaca

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Joe Udoni

Broker / Owner