Lake Tomahawk Homes under $500,000

Lake Tomahawk Homes under $500,000

Welcome to Lake Tomahawk, Wisconsin—a hidden gem nestled in the heart of Oneida County. This charming community, surrounded by pristine lakes and lush forests, offers a serene escape for those seeking a peaceful lifestyle amidst nature's beauty. With its rich history and welcoming atmosphere, Lake Tomahawk is perfect for families, retirees, and outdoor enthusiasts alike.

One of the most appealing aspects of Lake Tomahawk is its affordability. You can find a delightful selection of homes under $500,000, making it an ideal destination for first-time buyers or anyone looking to invest in a tranquil retreat. These properties range from cozy cabins with stunning lake views to spacious family homes, all designed to suit various tastes and budgets. Imagine sipping your morning coffee on a sun-drenched porch or taking a leisurely stroll along the scenic shores of Lake Tomahawk—this is the lifestyle that awaits you!

Outdoor recreation is at the forefront of life in Lake Tomahawk. Enjoy fishing, boating, and swimming in the crystal-clear waters during the summer months, or embrace the winter wonderland with snowmobiling, ice fishing, and cross-country skiing. With numerous parks and trails nearby, there’s no shortage of adventures to embark on.

Whether you’re drawn to the tranquility of the lakes or the warmth of the community, Lake Tomahawk offers a unique blend of natural beauty and affordability. Come explore your future home in this enchanting town, where every day feels like a vacation!

Newest Lake Tomahawk Homes under $500,000

7222 Kelly Dr, Lake Tomahawk
$130,000
3 Beds ⋅ 1 Baths ⋅ 219511 MLS
Don’t miss out on the chance to own this 3 bedroom 1 bath high-potential property in Lake Tomahawk! Whether you’re a handy homebuyer ready to build some sweat equity, or a seasoned investor, this ranch style home offers a functional layout ready for your renovations, updates, and personal touch. Situated in a prime Northwoods recreational hub, enjoy immediate proximity to local bike, ATV/UTV and snowmobile trails, shopping and just minutes away from the boat launch to beautiful Tomahawk Lake and the Minocqua Chain of Lakes, offering top-tier boating, fishing, and watersports for year-round outdoor adventure. Enjoy the additional parcel behind the home, giving you extra yard space for storage, outdoor living, and privacy. Schedule your showing today and explore the possibilities of this property!

7222 Kelly Dr, Lake Tomahawk
6776 Badger Rd, Lake Tomahawk
$438,000
4 Beds ⋅ 2 Baths ⋅ 219425 MLS
Discover your Northwoods oasis with this well-maintained 4-bedroom, 2-bath home set on 4.5 acres bordering hundreds of acres of state land. The property offers more than 1,500 square feet of garage and storage space, including a 20 x 25 heated workshop, a 20 x 24 pole barn, and a 10 x 24 lean-to. Inside the home, a spacious gathering and dining area with a wet bar flows into the kitchen and living room, where a wood-burning fireplace and French doors open to a loft overlooking the lower family room. The main level features three bedrooms and a full bath, while the lower level includes a rec room, a nonconforming primary bedroom with walk-in closet, a bonus room, full bath, and an office with large windows for abundant natural light. The lower-level family room is finished with hardwood floors, a freestanding gas stove, vaulted knotty pine ceilings, and a hillside entrance with deck, creating a welcoming second entry to the home. With more than 400 square feet of covered deck space, a 10 x 10 tiki bar, and a 9 x 14 insulated and heated cedar shed, this property is ideal for outdoor entertaining, storage, and year-round Northwoods living. Homes with this much room, functionality, and direct connection to state land are hard to find.

6776 Badger Rd, Lake Tomahawk
7970 Tulip Dr, Lake Tomahawk
$199,000
2 Beds ⋅ 1 Baths ⋅ 219394 MLS
Easy living awaits in the heart of Lake Tomahawk! This charming bungalow-style home offers comfort, convenience, and access to all the recreational amenities that make the Northwoods so special. With many major updates already completed, you can move right in and start enjoying everything the area has to offer. Located within walking distance of local restaurants, bars, and community favorites, you'll love spending Monday evenings in the summer cheering on the Snowhawks Snowshoe Baseball team. Outdoor enthusiasts will appreciate being able to ride right from home as snowmobile trails are just a block away, ATV/UTV access right from the property, and the Lake Tomahawk boat launch located less than a mile from home. Inside, you'll find a warm and inviting layout designed for easy living. Outside, the large fenced backyard provides plenty of space for pets, entertaining, gardening, or simply enjoying a little extra privacy. A detached 12' x 24' garage offers excellent storage for vehicles, recreational equipment, or Northwoods toys. Whether you're looking for a year-round residence, a weekend getaway, or an investment opportunity, this cozy Lake Tomahawk home is ready to welcome you.

7970 Tulip Dr, Lake Tomahawk
7933 Eaglewatch Trl, Lake Tomahawk
$299,000
3 Beds ⋅ 1 Baths ⋅ 218113 MLS
Great building site on Horsehead Lake! .73 Acre Lot with 73' of frontage tucked off of a quiet, private road. The home on site has high levels of black mold and has been deemed unsalvageable, however see the potential to start fresh with a drilled well, three bedroom septic, and a 40'x40' Pole Building w/concrete floor already in place! Full-Rec Horsehead Lake offers the opportunity for great fishing, boating, and watersports. Enjoy direct access to ATV/Snowmobile trails directly from the property as well. Create your Northwoods home in the heart of Lake Tomahawk!

7933 Eaglewatch Trl, Lake Tomahawk
7932 Violet Dr, Lake Tomahawk
$199,000
4 Beds ⋅ 2 Baths ⋅ 216071 MLS
Discover a Prime Investment Opportunity in Lake Tomahawk! Located just off HWY 47 in the heart of Lake Tomahawk, this upper/lower duplex offers exceptional flexibility—operate as two income-generating rental units or enjoy as a spacious 4-bedroom, 2-bath single-family home. The property is only a minute from the sought-after Tomahawk Lake boat landing and surrounded by outdoor recreation, including bike paths, UTV and snowmobile trails, and year-round attractions. Plus, you’ll be within short distance to local dining, restaurants, and entertainment, making this location highly desirable for both tenants and owners. This property is a great investment you won’t want to miss!

7932 Violet Dr, Lake Tomahawk
7251 Bradley St, Lake Tomahawk
$449,000
3 Beds ⋅ 2 Baths ⋅ 215388 MLS
Seller Financing Available! Excellent investment opportunity in the heart of downtown Lake Tomahawk with multiple income streams already in place. Ideally situated on busy Hwy 47, this mixed-use property features two leased retail storefronts occupied by established businesses, plus a fully leased (9/1/26) 3-bedroom, 2-bath residential "apartment", creating immediate rental income from all three units. The commercial portion offers over 2,500 square feet, complete with a half bath and laundry area with washer and dryer. The spacious residential apartment encompasses more than 1,100 square feet and features generous closet space, making it an attractive long-term rental for quality tenants. Located within walking distance of restaurants, the ballpark, playground, and the Lake Tomahawk boat landing, the property also sits near popular snowmobile, ATV/UTV, biking, and recreational trails, adding to its year-round appeal and supporting strong demand for both commercial and residential occupancy. Real estate only. The retail businesses are independently owned, operate under current leases, and are not included in the sale. Whether you're expanding your investment portfolio or seeking a turnkey mixed-use property with established tenants and immediate cash flow, this is a rare opportunity in one of the Northwoods' most desirable communities. An additional lot off Lilly Road may be available for purchase separately.

7251 Bradley St, Lake Tomahawk
Start Your Search