5.24 acre surveyed island on Big McGraw Lake, 12 miles north of Danbury, WI. Legally buildable with mainland ownership (we have a permit to erect cabin/home there). The island is a nature lovers dream, right down to the eagle's nest on the northern side. Hard sandy bottom. Poplars, white and red pines, birch and oaks. Heavey, gorgeous woods, we have only cleared a couple camp sites. The lake is great fishing and swimming and water skiing as well. The calm and quiet evenings will knock your socks off as the loons yodel and feed right in front of the dock. Enjoy the south facing views you will always remember. 1/4 mile from the public landing. This would be an ideal single family OR multi family, memory building, rare investment. Your own 5.24 acre wooded, private paradise just a couple hours away from the cities. I own it with my brother from Madison, WI and I am in St. Joseph, MN. We also have an older cottage on the lake. Our terms allow you to put just $20,000 down and less than $500 in total closing costs (including title insurance)and you own and island. Monthly payment would be $1,100 per month at a fixed 6.5% interest rate. The contract is amortized over 30 years but we prefer a balloon in 5 to 7 years. We can include the year round cabin for $110,000 more, but we cannot finance the whole package, but we can help get you financing, if you want the aminland cabin plus the buildable island! check http://www.shorelandreco.com for info on the cabn and island package. Thats a total of $300K for everything! The web page may show it as higher, but this is the new price for the package.
Three families co-owning would be at $6,834 each down and just $367 per month to own a 3rd interest in an island. Taxes are $990 per year. And when gas goes up again, and things turn around, this island may be more than your families private paradise, it may become a great family ivestment. Think of it as an investment you can play with. Thanks for taking the time. I can show it usually a couple days notice. Please click the Yahoo map link below and then hit satellite view...yeah, that's it and it is beautiful. I forgot there are about 1,000s of acres of county land surrounding the lake! Check the yahoo map - hybrid view and zoom in to our island. This winter on 2/29/02 We went to the bear den and saw and heard the cubs. The bald eagle nest on the north side of the island is a hit every year. John 320-267-2530.
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