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Bayfield County, WI · Sold

WI-347991

5274 County Road 348

$387,500
$1,977/ac · 196 ac
Acreage196 ac
Price per acre$1,977/ac
ZoningUnzoned
Road accessPaved
UtilitiesPower at road
TopographySloped
ListedMay 15, 2025
Coordinates46.5607, -91.1425
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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

2 items to verify before you offer.

Risk index
23
Low risk
Wetlands2.9% of tract

Little to no mapped wetland coverage.

Average slope25.0%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,246 ft of deeded road frontage.

Power23 ft away

Power at or near the road.

Buildable area114.18 of 195.98 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$540,592
$389,226$691,957 · $2,758/ac on 196 ac
Asking vs estimate
-28.3%
Priced below the comp set

Weighted from 9 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 $387,500
Maximum allowable offer
$308,910
$1,576/ac · +30.0% target margin

You need $78,590 off asking to hit this margin.

All-in cost$335,167
Net resale$497,344
Projected profit$162,177
ROI+48.4%
Annualized+69.2%
Break-even resale$1,859/ac
Profit if resale lands off target
-20%
$62,708
-10%
$112,443
0%
$162,177
+10%
$211,911
+20%
$261,646
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
WI-648021
Landlocked · Off grid
200.3Jul 27, 2026$276,8001,3822,8453.9 mi
91
WI-667446
Gravel · Full utilities
132.1Jul 27, 2026$354,6002,6852,3403.9 mi
84
WI-647815
Dirt · Power at road
172.5Mar 23, 2026$302,0001,7502,3585.8 mi
82
WI-927899
Landlocked · Full utilities
183.3Jan 22, 2026$318,3001,7362,4817.5 mi
79
WI-446854
Gravel · Off grid
86.0Jul 27, 2026$126,7001,4731,6557.5 mi
76
WI-487032
Paved · Power at road
97.8Jul 14, 2026$498,6005,0964,26211.9 mi
75
WI-626363
Paved · Full utilities
60.3May 26, 2026$349,5005,8003,57710.7 mi
67
WI-758863
Dirt · Off grid
368.6Jan 31, 2025$332,9009031,86111.0 mi
62
WI-836529
Dirt · Power at road
68.0Sep 10, 2024$218,2003,2103,6455.8 mi
60
Show adjustment detail for the top comp
  • Tract size (200.29 ac → 195.98 ac)+0.6%
  • Access (Landlocked → Paved)+73.5%
  • Utilities (Off grid → Power at road)+17.6%

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.