SOLD - 2260 Big Bay Road, LaPointe Wisconsin 54850 - Vacant Acreage
This is a significant sale for our Madeline Island real estate market, even if it happens to be a sale under one hundred thousand dollars. This eighteen-acre parcel near Big Bay Town Park is evidence that buyer interest in vacant land on Madeline Island appears to be rebounding at last.
We wrote about this sale earlier when it was under "Pending" status, and we discussed what an improvement in vacant land sales on Madeline Island will mean to the local real estate market. Vacant land sales have lagged behind sales of existing single-family homes in our area for a long time. It makes sense that the next property category to benefit from the improving real estate market would be lots and land for sale.
It may be premature, but I'd advise buyers and sellers to watch for more vacant land sales on Madeline Island in the coming months. Buyers are looking for value and affordability. A vacant land purchase offers the ability to achieve both goals at the same time.
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