60
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72303 Pufal Road
About This Property
-A winding gated driveway meanders through towering oak, maple, and pine, building anticipation as it leads to a stunning lakeside residence overlooking your own secluded body of water. The setting is nothing short of spectacular-panoramic views of the lake and surrounding forest, total privacy, and the kind of tranquility most people only dream about.
-The land is exceptional. Expansive rolling topography creates incredible character and usability throughout. Mature timber, established trail systems, and strategically placed food plots provide outstanding habitat for trophy whitetails, turkey, bear, and waterfowl. Krause Creek, a designated trout stream, flows through the southern portion of the property, adding moving water and beauty. The property borders Copper Falls State Park on the south and east, ensuring lasting privacy and access to thousands of acres of protected wilderness.
-At the heart of the estate sits a 5,000+ square foot, 4-bedroom, 4-bath lake home that has been extensively updated. Recent upgrades include metal siding, a new roof and windows, modern cabinetry with premium appliances, and upgraded flooring throughout. The open, inviting living spaces are oriented toward the lake, maximizing natural light and water views. Step outside onto the expansive lake-facing deck or unwind in the sauna after a day on the land or water.
-The 10-acre private lake reaches depths of approximately 30 feet and is loaded with bluegills and bass. Crystal clear, wooded, and completely secluded, it offers exceptional swimming, fishing, and peaceful paddling-without ever leaving your own property.
-Additional improvements include an attached two-car garage and a spacious Morton pole building with a concrete floor for equipment, recreational vehicles, and storage.
-Despite its unmatched privacy, the property is ideally located less than a mile from the Mellen Country Club and just 20 minutes from Ashland, offering convenient access to dining, services, and Lake Superior.
-This is more than a property-it's a legacy estate. A luxury private sanctuary where land, water, wildlife, and craftsmanship converge into a once-in-a-generation opportunity.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 16, 2026 | Sold | ||
| Sold | |||
| Feb 26, 2026 | Listed by Timber Ghost Realty, LLC | $1,449,900 | |
| Listed by Timber Ghost Realty, LLC | |||
| Apr 11, 2024 | No longer available | - | |
| No longer available | |||
| Oct 15, 2023 | No longer available | - | |
| No longer available | |||
| Oct 14, 2023 | Listed by Eliason Realty of the North, LLC | $1,790,000 | |
| Listed by Eliason Realty of the North, LLC | |||
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Located in Mellen, just 20 minutes south of Ashland, WI, this 4-bed, 4-bath home spans 5,221 sq ft. The beautiful approach through a gated entrance with golf course-like driveway leads you into the 345-acre property through rolling hills & maple trees. Your own private lake covers ~10 acres & reaches depths of 38 ft, perfect for swimming & fishing for bass or bluegills. Hunting enthusiasts will appreciate the acreage, food plot & deer stands. The property also includes a 2-car garage & pole building for all of your Northwoods toys! Recent upgrades include new: metal siding, roofs, windows, cabinets, appliances, & flooring. Access to ATV/snowmobile trails, borders beautiful Copper Falls State Park, offering various year-round activities, UP ski hills, Lake Superior, & Bayfield's apple picking are all nearby. See attached details list for more & ask your agent for the video tour! The manager has listed the unit size as 5221 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017