7042 N LAKESHORE DR COUDERAY WI 54828-2800
Rare Lake Waterfront Compound Opportunity In A Year- Round Vacation Destination
Marketing description
Introducing a rare chance to own a highly versatile waterfront property on crystal-clear Blueberry Lake in Couderay, Wisconsin — reimagined for today’s lifestyle and investment buyer.
Set on over 3 acres with gentle elevation to the immaculate sugar sand shoreline, this unique property offers panoramic lake views, exceptional flexibility, and endless potential in one of Northwest Wisconsin’s premier year-round vacation destinations.
Formerly operated as a bar and restaurant, the property is now ideally suited for a completely new vision — whether as:
- a co-ownership lake property for two families,
- dual short-term rentals,
- a live-in/rent-the-other setup,
- a family retreat compound,
- or a custom Northwoods luxury destination.
Unlike many waterfront opportunities requiring immediate full-scale renovations, this property already includes a fully finished and comfortably livable attached 3-bedroom home with beautiful lake views. Owners can immediately enjoy the property while gradually customizing and transforming the adjoining space over time, creating a far more approachable and affordable path toward building a dream lakefront compound.
Separate entrances provide excellent flexibility for:
- multi-generational living,
- dual ownership structures,
- rental separation,
- guest privacy,
- or future expansion possibilities.
The additional lakefront structure offers outstanding potential for:
- a second luxury residence,
- entertainment lodge,
- bunkhouse,
- event gathering space,
- game room/lounge,
- or additional vacation rental conversion.
Recent exterior improvements including all new siding and roofing provide a strong foundation for future customization and design.
Property Highlights:
- Over 3 acres of waterfront land
- Rare sugar sand shoreline
- Crystal-clear recreational lake
- Gentle elevation to the water
- Panoramic lake views
- Fully finished attached 3-bedroom home
- Ability to customize over time
- Separate entrances for flexible use
- Excellent co-ownership opportunity
- Potential for dual rental income
- Room for future outbuilding or toy garage
- Snowmobile directly from your back door
- ATV/UTV access nearby
- Conveniently located near Hayward and Stone Lake
- Located near a bar and restaurant for dining and entertainment
- Premier four-season recreational location
Perfectly positioned near Hayward and Stone Lake, the property offers easy access to boating, fishing, snowmobiling, ATV/UTV trails, hiking, dining, local events, and all the attractions that make the Northwoods one of Wisconsin’s most desirable vacation destinations.
This is more than a property — it is a rare opportunity to create an unforgettable lakefront legacy.
Investment highlights
Flexible Waterfront Investment Opportunity | Blueberry Lake, WI
Rare opportunity to acquire a highly flexible waterfront investment property on crystal-clear Blueberry Lake in Couderay, Wisconsin with multiple potential ownership and income-producing strategies.
Positioned on over 3 acres with panoramic lake views and rare sugar sand shoreline frontage, the property presents a unique repositioning opportunity for investors seeking short-term rental income, co-ownership potential, phased redevelopment, or multi-family vacation use.
The property includes:
- a fully finished 3-bedroom lakeview residence,
- an adjoining large-scale former restaurant/lounge structure,
- separate entrances,
- extensive waterfront frontage,
- and room for future outbuilding expansion.
The existing residential component allows immediate occupancy or rental income while future improvements and repositioning of the adjoining structure are completed over time — significantly reducing upfront redevelopment pressure compared to traditional hospitality or resort acquisitions.
Potential investment strategies include:
- dual short-term rental conversion,
- live-in/rent-the-other structure,
- co-ownership lake retreat,
- boutique lodge concept,
- event-oriented gathering space,
- multi-generational compound,
- or phased luxury redevelopment.
Strong year-round recreational demand drivers include:
- direct snowmobile access,
- nearby ATV/UTV trail systems,
- boating and fishing,
- proximity to Hayward and Stone Lake,
- and Northwest Wisconsin’s established tourism market.
Investment Highlights:
- Over 3 acres on Blueberry Lake
- Rare sugar sand shoreline
- Crystal-clear recreational water
- Gentle elevation to the lake
- Fully finished attached residence
- Flexible phased improvement potential
- New siding and roofing
- Separate entrances for dual-use opportunities
- Room for additional outbuilding or garage
- Strong four-season tourism market
- Nearby dining and entertainment
- Located within a premier vacation destination area
With increasing demand for experiential vacation properties, flexible ownership structures, and premium waterfront rentals, this property offers investors a rare opportunity to reposition a highly visible lakefront asset into a modern Northwoods destination property.
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