Home For Sale In Bayfield, Wisconsin

house for sale

Listed: 03/21/24

Lucy's Place, South 6th Street, Bayfield, WI 54814, USA

5 Bed:

7 Bath:

2,997 Sq Ft Living Area:

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Price

$ 624,900

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About This House

Own a piece of Iconic Bayfield WI, Lucys Place is an established bed and breakfast, featuring 4 ensuites for rent, and a separate owners 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.

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Houses for sale in Bayfield

Original listing

Bayfield Historic District Housing & Living

Household Income

Median household income: $37,750

Number of households: 252

The average household income in Bayfield, WI grew from $34,018 to $37,750 in the past year. This data is an estimate based upon 252 households in Bayfield, WI.
The chart below presents how household income is distributed in Bayfield, WI in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Bayfield, WI compared to median property taxes around the country. The prevalent amount of property taxes in Bayfield, WI equals $3k+ , which is more than the national average.