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121-Acre Waterfront Development Opportunity~An exceptional opportunity awaits with 121 acres of prime waterfront property on the Eagle River Chain, featuring an impressive 872 feet of waterfront on Voyageur Lake, and tremendous development potential! The property is currently approved as a planned use development and is ready to accommodate up to 144 additional homes under the existing approved development plan. Buyers can move forward with the current plan or explore alternative development concepts, subject to county approval and any required changes to the existing use. The property also has an established HOA plan, with a monthly fee of $240 per property, which covers lawn maintenance, snow removal, and trash removal—providing an attractive and convenient ownership structure for future residents. Adding to the property's appeal is a new permanent pier featuring 18 boat slips, providing exceptional access to the Eagle River Chain and enhancing the recreational and waterfront value of the development. The Fitness Center needs work but has a sauna, workout equipment, lockers, pool and hot tub.Whether you're looking to continue with the existing approved plan or envision a different use for this remarkable property, this is a rare opportunity to acquire a large-scale waterfront development with substantial potential.

  • Construction Materials
    Frame

  • Lot Features
    Waterfront
  • Water Front Features
    Lake Front
  • Water Front
    Yes


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Frequently Asked Questions

How do I schedule a tour of 3801 Eagle Waters Rd?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 3801 Eagle Waters Rd.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 3801 Eagle Waters Rd?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $4,000,000. We can talk through recent upgrades, potential seller motivation, how this unimproved land compares to others in Eagle River, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 3801 Eagle Waters Rd?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 3801 Eagle Waters Rd at around $21,688. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 3801 Eagle Waters Rd?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Vilas County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 3801 Eagle Waters Rd?

In most cases, yes. Whether 3801 Eagle Waters Rd is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Eagle River's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 3801 Eagle Waters Rd?

We can handle that for you. Our preferred local agent specializes in commercial sales in Eagle River and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

3801 Eagle Waters Rd was listed on August 13, 2026, which means it's been on the market for 85 days.

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Is 3801 Eagle Waters Rd still available for sale?

This home is under contract, but may still accept backup offers. Click ♥ to track updates or connect with our local expert to see if it's still worth pursuing.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, Greater Northwoods MLS. All rights reserved.

Last Updated: November 06, 2026 at 06:04PM | Source: Greater Northwoods MLS | MLS#: 219035