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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