Balie Strasburg

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Listing provided courtesy of RE/MAX ACTION NORTHWOODS REALTY, LLC- MLS# 217430MLS Provider

Lot 1 PAYMENT LAKE RDMercer, WI 54547

Vacant Land
$39,000 Active Under Contract

Lot 1 PAYMENT LAKE RD Overview

Time on Site:
32 days
Visits:
25

Payment Lake - Discover an affordable opportunity to own waterfront property in the heart of the Northwoods on beautiful Payment Lake! This scenic 1.61-acre parcel offers 353 feet of frontage with peaceful lake views, a driveway already in place, a cleared building site, level land, and year-round access on a town road, making it ready for your future cabin, garage, camper, or recreational getaway. The shoreline is naturally wet and boggy, offering boardwalk potential leading to the water’s edge. Enjoy the privacy and tranquility of 66-acre Payment Lake, a hidden gem with no public boat access and known for excellent Musky, Walleye, Bass, Northern & Panfish fishing. Outdoor enthusiasts will love the quiet location with easy access to ATV & snowmobile trails, plus nearby State & Iron County Forest Lands for endless recreation opportunities. Conveniently located just a few miles from Mercer for shopping, dining, and year-round events. Start enjoying Northwoods lake life today at an affordable price!

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Lot 1 PAYMENT LAKE RD Facts & Features

  • Type Vacant Land

Details

General

School Information

  • Elementary School: IR Mercer
  • Middle Or Junior School: IR Mercer
  • High School: IR Mercer

Location/Region

  • County Or Parish: Iron
  • Postal City: Mercer
  • Township: IR Mercer (Town)

Tax Information

  • Tax Annual Amount: $381.00
  • Tax Year: 2025

General Information

  • Ownership: Fee Simple
  • Property Type: Land

Interior

Exterior

Parking Information

  • Parking Features: Driveway

Lot Information

  • Frontage Length: 353
  • Frontage Type: Lakefront
  • Lot Features: Dead End, Lake Front, Level, Private, Rural Lot, Secluded, Wooded
  • Lot Size Square Feet: 70132.0

Waterfront/View

  • View: Yes
  • Water Body Name: PAYMENT
  • Waterfront Features: Shoreline - Fisherman/Weeds, Lake Front
  • Waterfront: Yes

General Information

  • Exterior Features: Gravel Driveway
  • Road Frontage Type: Town Road
  • Utilities: Electricity Available

Lot 1 PAYMENT LAKE RD Neighborhood

Community

54547 (Mercer) Demographics

62
Median Age
6
Population Density (per sq. mile)
39%
College Educated
$52,571
Estimated Median Income
607
Estimated Total Home Owners
121
Estimated Total Renters
83% / 17%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Lot 1 PAYMENT LAKE RD Market Data

Based on the last 30 days in this zip code

$961,495
Average List Price
$509
Average Price per Square Foot
4
Properties Sold
116
Average Days on Market
24
Properties for Sale
Calculations provided by Reliance Network

Lot 1 PAYMENT LAKE RD History

Date Event Value Agent
6/8/2026Source: Greater Northwoods MLS Status Change
Active Under Contract
5/28/2026Source: Greater Northwoods MLS Added to Database
May 28, 2026
7/28/2025Source: Greater Northwoods MLS Added to Database
March 23, 2022