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5256 Hwy 51 #51 | $897,000 | MLS# 219896
Renee and Chad Rasmussen Team Agent Photo
Renee and Chad
Rasmussen Team
C. (715) 614-3325
P. (715) 358-0450
Phone Renee and Chad https://NorthwoodsPros.com
REDMAN REALTY GROUP, LLC
231 Oneida St
Minocqua, WI
United States 54548
MLS# 219896

Details

Room Sizes (3,253 Sqft)

First Floor
Floor Sqft3,253
Entrance 24’8” x 9’1”
Bedroom 15’10” x 12’4”
Den 14’2” x 12’5”
Great Rm 30’4” x 12’5”
Bathroom Full Bath
Bathroom Half Bath
Kitchen 8 x 9’8”
Living Room 15’10” x 24’7”
Bathroom Full Bath
Bathroom Half Bath
Kitchen 12’3” x 11’4”
Dining Room 9 x 7’1”
Bedroom 11’6” x 9’8”
Office 11’11” x 8’6”
Great Rm 15’7” x 13’9”
Bedroom 15’5” x 13’9”
Bathroom Full Bath
Laundry 8’9” x 11’6”
Util Area 8’2” x 9’8”
%
Years (35 year max)
Years



Address 5256 Hwy 51#51
AreaVilas
Sub AreaManitowish Waters (Town)
CityManitowish Waters
Zip Code54545
State/ProvinceWisconsin
CountryUnited States
Price$897,000
Property TypeSingle Family Det
Bedrooms3
Bathrooms5
Half Baths2
Floor Space3253 Square Feet
Lot Size1.16 Acres
WaterfrontNo
ParkingNone
Taxes $2,250
Tax Year2025
MLS® #219896

Exceptional turn-key investment and lifestyle opportunity in the heart of Manitowish Waters. Seller financing available for qualified Buyers! This completely renovated 3,200+ sq. ft. community business zoned triplex combines modern luxury, flexible use, and exceptional Northwoods recreation. The property features three beautifully updated units with brand-new high-end furnishings, private exterior entrances, and secure interior connections - allowing the building to operate as three separate rentals or one expansive residential compound. A centrally located common laundry room supports convenient living or efficient rental turnover, while a private gated entrance adds security and privacy. The property is ideally situated near snowmobile trails, biking paths, and a local boat landing providing access to the renowned Manitowish Chain of Lakes for boating, fishing, and watersports. Adding significant versatility is close to an acre behind the building with its own independent access from Townline Road. The additional acreage offers space and potential for outbuildings, detached garages, boat/RV storage, or future development. Community Business zoning provides flexibility for a variety of potential uses, including residential, corporate or long-term rentals, short-term vacation rentals, boutique hospitality, professional office space, or a live/work configuration. Ideal for an investor, hospitality entrepreneur, owner-occupant, or multi-generational family seeking a unique Northwoods property with income and expansion potential. Offered at $897,000, with flexible owner-financing options available to qualified buyers. Great location on USH 51 and WI DOT shows 4,600 vehicles pass per day! A rare combination of luxury, versatility, recreation, and investment potential in one of Wisconsin’s premier year-round destinations.


Listed by REDMAN REALTY GROUP, LLC Ph: (715) 358-0450


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About

Buying and selling property can be a very rewarding endeavor, and the opportunity to help make an impact on someone's life is what motivates us every day to keep our clients very well cared for. As proud members of Redman Realty Group, we will offer our extensive knowledge of the area and local real estate market, and utilize technology for your advantage. With our team’s 45+ years of combined real estate experience, you can be assured your questions and requests will be promptly responded to with accurate information.  You will benefit from our team’s dedicated approach, availability, and excellent communication. 

An experience defined by what matters most to you. -- Renee Rasmussen 


Renee Rasmussen, REALTOR

With more than 100 years of real estate experience woven through her family history, Renee Rasmussen offers clients a rare depth of insight and perspective as a fifth-generation REALTOR®.  Her career began in 2002, providing her with a comprehensive understanding of the real estate process from the ground up.  Born and raised in Minocqua, Wisconsin, Renee entered the industry with Northwoods Realty of Minocqua, where she gained invaluable behind-the-scenes knowledge before advancing into real estate office administration and management roles throughout the Appleton–Fox Valley area.  She earned her real estate license in 2008, bringing together operational expertise and hands-on client representation.

Now back in the Northwoods and residing in Lake Tomahawk, Renee works alongside her husband Chad, her father Ed Duda, and her sister Jess Wallace.  This family-driven approach allows clients to benefit from deep local knowledge, seamless collaboration, and a level of care and continuity that can only come from generations of experience in the market.

Renee is a natural problem solver known for her ability to overcome challenges and protect her clients’ best interests. Clients appreciate her conscientious nature, persistence, and calm demeanor. She is dedicated to listening carefully, easing stress, and guiding clients confidently through every step of the buying or selling process — with just the right touch of humor along the way.

When she’s not helping clients buy or sell property, Renee channels her creativity into photography, technology, and marketing — skills she uses to help homes stand out.  Renee deeply values nature and the outdoor lifestyle, spending her free time paddle boarding, hiking, and enjoying the woods and water.  Sharing time with family and embracing everything the Northwoods has to offer is what makes this area so special to Renee. 


Chad Rasmussen, REALTOR

Chad Rasmussen brings over two decades of real estate experience and a genuinely attentive approach to guiding buyers and sellers through important life decisions.  He began his career in 2001 in Wisconsin’s Fox Valley, where he developed a strong foundation in sales, negotiation, and professional service. 

Chad’s appreciation for the Northwoods began at a young age through summers spent at his grandparents’ lake cabin.  In 2017, he relocated to Lake Tomahawk, where he now proudly lives and works. In 2018, he joined his wife, Renee, at Redman Realty Group, forming the Rasmussen Team—a partnership built on shared values, complementary strengths, and a deep commitment to the people they serve.

Clients value Chad for his patience, thoughtfulness, and steady presence throughout the buying and selling process.  He takes the time to listen, answer questions, and ensure each client feels comfortable and informed at every step.  Whether guiding buyers through showings or providing detailed video tours for those who are unable to attend in person, Chad is focused on creating a clear, confident experience—one that has led to multiple successful sight-unseen purchases.

Chad also works closely with sellers, offering honest guidance and detailed market insight to help them make well-timed, confident decisions.  In 2020, he earned his FAA Part 107 Drone Pilot license, allowing the Rasmussen Team to provide professional aerial photography and video that elevates each property’s presentation and exposure.


Jess Wallace, Licensed Assistant

Renee’s sister Jess obtained her real estate license and joined Redman Realty Group in 2014.  She later became part of the Rasmussen Team in 2021, where she plays an integral role in supporting Chad and Renee while helping ensure clients feel well cared for.  Jess is known for her amazing caring nature and exceptional attention to detail.  With strong administrative expertise, she brings organization and efficiency to the team’s daily operations, contributing to a seamless, well-managed experience for both clients and the Rasmussen Team.

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