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Bayfield County, WI · Sold

WI-962812

3281 County Road 23

$22,700
$4,935/ac · 4.60 ac
Acreage4.60 ac
Price per acre$4,935/ac
ZoningMixed Use
Road accessPaved
UtilitiesOff grid
TopographyWooded
ListedFeb 21, 2026
Coordinates46.6020, -91.2028
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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Bayfield County, Wisconsin. Driftless recreational tracts and northwoods hunting land.

View Bayfield market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
12
Low risk
Wetlands5.3% of tract

Little to no mapped wetland coverage.

Average slope9.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

456 ft of deeded road frontage.

Power3,092 ft away

Service extension needed; get a utility quote.

Buildable area4.14 of 4.60 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$19,487
$15,702$23,272 · $4,236/ac on 4.60 ac
Asking vs estimate
+16.5%
Priced above the comp set

Weighted from 8 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $22,700
Maximum allowable offer
$11,135
$2,421/ac · +30.0% target margin

You need $11,565 off asking to hit this margin.

All-in cost$12,081
Net resale$17,928
Projected profit$5,847
ROI+48.4%
Annualized+69.3%
Break-even resale$2,855/ac
Profit if resale lands off target
-20%
$2,261
-10%
$4,054
0%
$5,847
+10%
$7,639
+20%
$9,432
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
WI-604265
Gravel · Full utilities
13.2Jul 27, 2026$47,1003,5753,1621.0 mi
73
WI-782975
Landlocked · Power at road
5.2Apr 18, 2024$16,9003,2605,3073.9 mi
71
WI-594457
Landlocked · Off grid
15.2Sep 1, 2025$35,5002,3464,6106.7 mi
67
WI-993470
Gravel · Off grid
7.4Jun 5, 2024$22,1002,9823,9414.9 mi
67
WI-223354
Gravel · Full utilities
6.8Nov 5, 2024$21,6003,1742,8607.4 mi
66
WI-351331
Gravel · Full utilities
1.6Feb 28, 2026$8,8005,6124,5675.8 mi
66
WI-691536
Landlocked · Full utilities
1.8Jun 14, 2025$6,6003,5824,4244.1 mi
64
WI-781466
Dirt · Power at road
1.7Aug 14, 2025$7,5004,3185,1067.5 mi
62
Show adjustment detail for the top comp
  • Tract size (13.18 ac → 4.6 ac)+7.3%
  • Access (Gravel → Paved)+18.0%
  • Utilities (Full utilities → Off grid)-30.3%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.