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$888,000
9 Days On Site

1992W DIAMOND RD
Mercer, WI 54547

For Sale|Single Family Residence|Active
3
Beds
1
Total Bath
1
Full Bath
1,260
SqFt
$705
/SqFt
County:
Iron
Listing courtesy of MICKI PIERCE-HOLMSTROM of CENTURY 21 PIERCE REALTY - MERCER
1992W DIAMOND RD1992W DIAMOND RD1992W DIAMOND RD1992W DIAMOND RD
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Monthly Payment (Est.)

$4,051
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An irreplaceable investment opportunity on the crystal-clear waters of Martha Lake. This sprawling, highly unique property boasts nearly 19 pristine acres and approximately 1,000 feet of coveted, western-facing lake frontage. The beautifully wooded acreage features a perfectly level topography with a gentle, moderate slope ideal for a walk-out basement design. Steeped in history as a former vintage resort, the expansive parcel offers unparalleled privacy close to town and immediate potential to either create a grand, private estate or subdivide for a lucrative return. The property includes a 3-bedroom main home with a full basement, an oversized 2-car garage with a private upper-level deck, and three historic 1920s log cabins—including one sitting directly at the water's edge—awaiting your vision. Properties on this pristine, "gin-clear" lake are exceptionally rare; the true value is in this massive, versatile footprint.

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Listing Snapshot
Price 
$888,000
Days On Site 
9 Days
Bedrooms 
3
Inside Area (SqFt) 
1,260 sqft
Total Baths 
1
Full Baths 
1
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
N/A
MLS® Number 
217297
Status 
Active
Property Tax 
$6,655
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 days agoListing updated with changes from the MLS®
a week agoListing first seen on site
General Features
Direction Faces 
West
Foundation 
Block
Garage 
Yes
Garage Spaces 
2
Parking 
DetachedGarageStorage
Property Sub Type 
Single Family Residence
SqFt Above 
1260
SqFt Total 
2460
Style 
CabinRanch
Water Source 
PrivateWell
Interior Features
Appliances 
DryerDishwasherElectric OvenElectric RangeRefrigeratorWasher
Basement 
Exterior EntryFullInterior EntryWalk-Out Access
Electric 
Circuit Breakers
Fireplace 
Yes
Fireplace Features 
MasonryWood Burning
Fireplaces 
1
Flooring 
VinylWood
Heating 
Forced AirPropane
Laundry Features 
Washer HookupIn Basement
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Exterior Features
Construction Details 
CedarFrameLog
Frontage 
Lakefront
Lot Features 
LevelPrivateSecludedSlopedViewsWoodedWaterfront
Other Structures 
Guest House
Roof 
Metal
View 
Water
Waterfront 
Yes
Waterfront Features 
Lake Front
Waterview 
Water
Community Features
Township 
IR Mercer
Listing courtesy of MICKI PIERCE-HOLMSTROM of CENTURY 21 PIERCE REALTY - MERCER



Listing information is provided by Participants of the Northwoods Association of Realtors MLS. IDX information is provided exclusively for 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 is deemed reliable but not guaranteed. Copyright 2026, Northwoods Association of Realtors MLS.
Data last updated at: 2026-05-31 06:52 PM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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