Own a piece of Iconic Bayfield WI, Lucy’s Place is an established bed and breakfast, featuring 4 ensuites for rent, and a separate owner’s wing. Each ensuite features a private bath with jetted tub. in Lake superiors views from the garden, or walk a few blocks and be immersed in the shops and water front of this picturesque tourism hot spot. The property includes several additions and updates, including solar panels, upgrades in energy efficiency , and mechanical updates. This property operates at an 11.5% cap rate, making it an excellent investment opportunity. At just under 3800 square feet, it would also make an amazing north shore vacation property, with room to spare for friends and family.
Property Type: Residential, 2 Story
Lot Size: 0.33 acres
Lot Dimensions: 0 x 0
Sq Ft Finished: 2997 sq ft
Above Grade Finished: 2497 sq ft
Below Grade Finished: 500 sq ft
Bedrooms: 5
Baths: 7.0
Basement: Walkout
Garage: Tuck Under 2 car
Year Built: 1903
School District: Bayfield
On Market: 51 days
Lake/River Name: Lake Superior
Waterfront Type: Lake
Lake Depth: 22
Lake Size: 32 acres
Tax Amount: $4,255.00
Tax Year: 2022