Woodside Cottages of Bayfield
Resort For Sale | 10% Cap Rate in a Top Midwest Vacation Market
Marketing description
SVN | Northco is pleased to present, as exclusive advisor to ownership, the Woodside Cottages of Bayfield ("Property"), a charming resort destination located just one mile from downtown Bayfield, Wisconsin. Situated on ±10.03 acres, the Property includes 13 fully-furnished and beautifully appointed cottages as well as a 2,622 SF owner's residence with four bedrooms and three bathrooms (2 full and 1 half bath), offering a peaceful and scenic retreat for visitors to the Bayfield area, Lake Superior, Madeline Island, and the Apostle Islands. Woodside Cottages offers a range of seven unique floor plans, from simple comfort to upscale luxury, featuring cozy fireplaces, kitchens, romantic two-person tubs and Jacuzzi tubs, decks, air conditioning, and WiFi. Each unit has been designed to provide guests with a private, relaxing atmosphere—a true “home away from home” while they explore the natural beauty and recreational opportunities of the region.
In addition to its well-maintained cottages, the Property includes a pole barn for storage or future expansion potential, as well as a Pavilion complete with grills and picnic tables for guest use. Woodside Cottages has become one of the most sought-after lodging destinations in Bayfield, blending rustic charm with modern comfort and excellent proximity to local attractions.
Investment highlights
Turn-key resort with consistent revenue situated on ±10.03 acres just one mile from downtown Bayfield, Wisconsin, the gateway to the Apostle Islands, Madeline Island, and Lake Superior
10.00% Cap Rate
13 fully-furnished and beautifully maintained cottages with a mix of cozy and upscale floor plans featuring fireplaces, two-person tubs or Jacuzzi tubs, kitchens, A/C, decks, and WiFi. Open year-round.
±2,622 SF owner's residence on-site, which is included in the sale. The home contains four bedrooms and three bathrooms (2 full, 1 half bath). If the house is not required by a buyer, then it can reasonably be expected to be sold for upwards of $500,000, or it could be added to the rental pool.
Strong reputation as one of the top lodging options in the Bayfield area, offering easy access to Madeline Island, the Apostle Islands National Lakeshore, and year-round outdoor recreation
5+ wooded acres; there exists the potential to develop a minimum of one additional cabin, with a "lot" that is already ready to go
Listing Website: https://www.northco.com/properties/woodsidecottages
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