1 Knapp Island, Rice Lake, WI 54817
Local realty services provided by:ERA Gillespie Real Estate
1 Knapp Island,Cedar Lake Twp, WI 54817
$585,000
- 4 Beds
- 2 Baths
- 2,323 sq. ft.
- Single family
- Active
Listed by:edward rupp
Office:northco real estate services
MLS#:6782199
Source:NSMLS
Price summary
- Price:$585,000
- Price per sq. ft.:$251.83
About this home
Once-in-a-generation opportunity to own your dream escape, and craft your own legacy on Knapp Island, a private island retreat on the pristine clear waters of Red Cedar Lake, one of the finest bodies of water in Northwest Wisconsin. Encompassing approximately two acres with hundreds of feet of shoreline, this rare offering is only two hours from Minneapolis-Saint Paul, and combines privacy, natural beauty, and panoramic lake views in all directions. There is nothing like it available for sale in the region with its exclusivity and unique charm.
The Island is accessible by a short boat ride from the Stouts Island Lodge Shore House property. Knapp Island features a partially renovated, one of a kind three-bedroom historic lodge, with a huge great room/dining room/kitchen - dominated by two epic century old stone fireplaces and a west facing sun porch. The lodge was built in 1905 by the Knapp family, business partners with the Stouts that also built a lodge on a nearby island (now Stouts Island Lodge). It is a rare “time capsule” of turn of the century Northwoods craftsmanship, valued by preservationists and those that appreciate its rustic style and understand that it can be completed with all the luxurious modern amenities and systems a buyer would want. The island itself has multiple dock sites, swimming areas, wooded trails, garden sites, a site for glamping tents with their own bathroom facilities, and excellent fishing right at your doorstep. The lodge is sited almost on the water, which is no longer permitted, as 75 foot setbacks are now the requirement. This incomparable island is perfectly suited for those seeking a private getaway with endless potential.
Red Cedar Lake is part of a 3-lake chain (with Hemlock and Balsam Lakes), providing over 2,300 acres of navigable waters for boating, sailing, water sports, and year-round enjoyment. Just minutes from the shoreline community of Mikana and within two hours of the Twin Cities, the island offers unmatched seclusion while still being convenient to dining, golf (on the lake!), and other amenities. Red Cedar has been known for over a century as an “old money” lake – tranquil, with minimal commercial development and low boat traffic compared to other regional lakes.
When completed this magical island estate will be, without a doubt, one of the finest of its kind in both Wisconsin and Minnesota. Recent Improvements include: a new septic system, completed interior framing, substantial log repairs & replacement, interior upgrades including carefully enlarged window openings, and significant tree clearing. A perpetual easement will be provided to access parking and a boat slip at the Stout’s Island Lodge shore property on the west side of the lake. Access to the amenities at Stout's Island Lodge is negotiable.
Whether envisioned as a private family legacy estate, luxury vacation rental, and/or a unique investment as luxury executive and/or creative retreat center, Knapp Island presents a truly remarkable and irreplaceable opportunity. Joint venture options and shared management with Stout’s Island Lodge are options and of interest to the lodge owners.
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Home facts
- Year built:1905
- Listing ID #:6782199
- Added:13 day(s) ago
- Updated:October 01, 2025 at 01:43 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Living area:2,323 sq. ft.
Heating and cooling
- Heating:Fireplace(s)
Structure and exterior
- Roof:Asphalt
- Year built:1905
- Building area:2,323 sq. ft.
- Lot area:2.02 Acres
Utilities
- Water:Well
- Sewer:Septic System Compliant - Yes
Finances and disclosures
- Price:$585,000
- Price per sq. ft.:$251.83
- Tax amount:$6,769 (2024)
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