Real Estate Investment Properties for Sale in Manitowish Waters, WI

Looking for investment property in Manitowish Waters, WI with high ROI ?

Explore a variety of short-term homes & houses in Manitowish Waters, WI. Invest wisely with VRBO & Manitowish Waters, WI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Manitowish Waters, WI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
6177 CIRCLE LILY RD Manitowish Waters, WI Completely updated 2 bedroom, 1 bath home on 1.49 wooded acres in Manitowish Waters! Open ...	2 beds \| 1 baths \| 944 sq.ft.	$349,900	Airbnb cash on cash: -1.04% Traditional cash on cash: 3.27% Airbnb Rental Income: $408 Traditional Rental Income: $1568 Airbnb ROI: -1.04% Traditional ROI: 3.27%
5524 HWY 51 #1 Manitowish Waters, WI Opportunity knocks! Unit 1 True North Condo is available on Spider Lake on the Manitowish ...	3 beds \| 3 baths \| 2,977 sq.ft.	$1,475,000	Airbnb cash on cash: -1.39% Traditional cash on cash: 1.4% Airbnb Rental Income: $296 Traditional Rental Income: $3882 Airbnb ROI: -1.39% Traditional ROI: 1.4%
12949 ABERDEEN LN #4 Manitowish Waters, WI This meticulously maintained Full Log Home is not your usual Condo Unit. It has its own ya...	4 beds \| 2 baths \| 1,550 sq.ft.	$945,000	Airbnb cash on cash: 0.53% Traditional cash on cash: 0.73% Airbnb Rental Income: $2347 Traditional Rental Income: $1948 Airbnb ROI: 0.53% Traditional ROI: 0.73%
12901 TIMBER LODGE LN Manitowish Waters, WI Gorgeous 3BD 4BA home w/4 season guest home & duplex featuring 175â of sand west facing ...	3 beds \| 4 baths \| 3,113 sq.ft.	$2,175,000	Airbnb cash on cash: -1.22% Traditional cash on cash: 0.4% Airbnb Rental Income: $296 Traditional Rental Income: $3317 Airbnb ROI: -1.22% Traditional ROI: 0.4%
5673 POINT O PINES RD Manitowish Waters, WI Fabulous once in a lifetime opportunity to own this MW Chain property! The Point has 593â...	5 beds \| 4 baths \| 6,860 sq.ft.	$4,750,000	Airbnb cash on cash: -1.04% Traditional cash on cash: -0.42% Airbnb Rental Income: $1286 Traditional Rental Income: $3620 Airbnb ROI: -1.04% Traditional ROI: -0.42%
13045 DEER PARK RD Manitowish Waters, WI Spectacular family compound w/magnificent sunset views! 200â ftg on Manitowish Lk & 1.15...	4 beds \| 6 baths \| 6,540 sq.ft.	$3,500,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 0.83% Airbnb Rental Income: $2347 Traditional Rental Income: $7090 Airbnb ROI: -0.81% Traditional ROI: 0.83%
5809&10 STONE LAKE RD N Manitowish Waters, WI Fantastic location on the MW 10 Lake Chain just minutes from both Rest & Stone Lakes! Beau...	3 beds \| 4 baths \| 3,339 sq.ft.	$1,725,000	Airbnb cash on cash: -1.26% Traditional cash on cash: 1.87% Airbnb Rental Income: $296 Traditional Rental Income: $5075 Airbnb ROI: -1.26% Traditional ROI: 1.87%
13427 RIVER RD Manitowish Waters, WI Beautiful home nestled on the renowned Manitowish Waters chain of 10 lakes, boasts 3 spaci...	3 beds \| 3 baths \| 4,129 sq.ft.	$1,575,000	Airbnb cash on cash: -1.38% Traditional cash on cash: 0.72% Airbnb Rental Income: $296 Traditional Rental Income: $3117 Airbnb ROI: -1.38% Traditional ROI: 0.72%
6372a CTH W Manitowish Waters, WI South facing? Pure sand? Manitowish Waters Chain? Big water views? YES! This property has ...	3 beds \| 4 baths \| 2,397 sq.ft.	$1,095,000	Airbnb cash on cash: -2.87% Traditional cash on cash: 0.57% Airbnb Rental Income: $296 Traditional Rental Income: $3562 Airbnb ROI: -2.87% Traditional ROI: 0.57%
12753 ALDER LAKE RD Manitowish Waters, WI A rare architectural gem awaits you on the coveted MANITOWISH WATERS CHAIN of 10 lakes. Th...	4 beds \| 3 baths \| 5,358 sq.ft.	$1,650,000	Airbnb cash on cash: -0.22% Traditional cash on cash: 0.77% Airbnb Rental Income: $2347 Traditional Rental Income: $3277 Airbnb ROI: -0.22% Traditional ROI: 0.77%
5407 BLUEBIRD POINT RD Manitowish Waters, WI Extraordinary 4 bedroom 5 bath home with 221' of sand frontage and Western exposure on Man...	4 beds \| 5 baths \| 5,143 sq.ft.	$3,555,000	Airbnb cash on cash: -0.77% Traditional cash on cash: 0.42% Airbnb Rental Income: $2347 Traditional Rental Income: $5690 Airbnb ROI: -0.77% Traditional ROI: 0.42%
12438 LA FAVE RD Manitowish Waters, WI Beautiful private setting on Island Lake on the Manitowish Chain of 10 Lakes! 500+ feet of...	4 beds \| 2 baths \| 1,729 sq.ft.	$1,300,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 0.81% Airbnb Rental Income: $2347 Traditional Rental Income: $2728 Airbnb ROI: 0.02% Traditional ROI: 0.81%
13750 POWELL RD Manitowish Waters, WI Very well maintained charming 3 bdrm Northwoods home featuring 300 feet of level West faci...	3 beds \| 1 baths \| 1,056 sq.ft.	$547,500	Airbnb cash on cash: -1.34% Traditional cash on cash: 2.06% Airbnb Rental Income: $296 Traditional Rental Income: $1796 Airbnb ROI: -1.34% Traditional ROI: 2.06%
5769 REST BAY LN Manitowish Waters, WI Cute and Cozy 1 bedroom, 1 bath home is situated on 1.08 acres with 64 feet of frontage on...	1 beds \| 1 baths \| 716 sq.ft.	$675,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.02% Airbnb Rental Income: $null Traditional Rental Income: $1542 Airbnb ROI: N/A Traditional ROI: 1.02%
12882 HELMS LN Manitowish Waters, WI Brand-new 4BR/3BA luxury cottage at 12882 Helms Ln-part of Lazy Days Resort on the famed M...	4 beds \| 3 baths \| N/A	$1,100,000	Airbnb cash on cash: -0.31% Traditional cash on cash: 1.53% Airbnb Rental Income: $2347 Traditional Rental Income: $3651 Airbnb ROI: -0.31% Traditional ROI: 1.53%
13033 SUNDANCE POINT LN Manitowish Waters, WI Come see this Manitowish Waters chain legacy estate today! Great privacy on this end of th...	4 beds \| 2 baths \| N/A	$3,777,000	Airbnb cash on cash: -0.74% Traditional cash on cash: -0.41% Airbnb Rental Income: $2347 Traditional Rental Income: $2937 Airbnb ROI: -0.74% Traditional ROI: -0.41%

Real Estate investment in Manitowish-waters, WI

There are 16 properties for sale in the city of Manitowish Waters . The median list price in Manitowish Waters is $1,525,000 and the average price per square foot is $466. In November 2025, the average monthly cash on cash return in Manitowish Waters is 1.00%. The average monthly rental income in Manitowish Waters is $3,297.

Manitowish-waters, WI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 16 investment properties available for sale in Manitowish-waters.

In 2025, the best neighborhood to buy investment property is Manitowish Waters.

The ROI for Long-Term is higher than the Short-Term in Manitowish-waters with average rental income of $3,297.

Your search for investment property begins and ends here

Investment Property for Sale in Manitowish Waters, WI

6177 CIRCLE LILY RD

Manitowish Waters, WI

2 beds | 1 baths | 944 sq.ft.

$349,900

Airbnb cash on cash: -1.04%

Traditional cash on cash: 3.27%

Airbnb Rental Income: $408

Traditional Rental Income: $1568

Airbnb ROI: -1.04%

Traditional ROI: 3.27%

5524 HWY 51 #1

Manitowish Waters, WI

3 beds | 3 baths | 2,977 sq.ft.

$1,475,000

Airbnb cash on cash: -1.39%

Traditional cash on cash: 1.4%

Airbnb Rental Income: $296

Traditional Rental Income: $3882

Airbnb ROI: -1.39%

Traditional ROI: 1.4%

12949 ABERDEEN LN #4

Manitowish Waters, WI

4 beds | 2 baths | 1,550 sq.ft.

$945,000

Airbnb cash on cash: 0.53%

Traditional cash on cash: 0.73%

Airbnb Rental Income: $2347

Traditional Rental Income: $1948

Airbnb ROI: 0.53%

Traditional ROI: 0.73%

12901 TIMBER LODGE LN

Manitowish Waters, WI

3 beds | 4 baths | 3,113 sq.ft.

$2,175,000

Airbnb cash on cash: -1.22%

Traditional cash on cash: 0.4%

Airbnb Rental Income: $296

Traditional Rental Income: $3317

Airbnb ROI: -1.22%

Traditional ROI: 0.4%

5673 POINT O PINES RD

Manitowish Waters, WI

5 beds | 4 baths | 6,860 sq.ft.

$4,750,000

Airbnb cash on cash: -1.04%

Traditional cash on cash: -0.42%

Airbnb Rental Income: $1286

Traditional Rental Income: $3620

Airbnb ROI: -1.04%

Traditional ROI: -0.42%

13045 DEER PARK RD

Manitowish Waters, WI

4 beds | 6 baths | 6,540 sq.ft.

$3,500,000

Airbnb cash on cash: -0.81%

Traditional cash on cash: 0.83%

Airbnb Rental Income: $2347

Traditional Rental Income: $7090

Airbnb ROI: -0.81%

Traditional ROI: 0.83%

5809&10 STONE LAKE RD N

Manitowish Waters, WI

3 beds | 4 baths | 3,339 sq.ft.

$1,725,000

Airbnb cash on cash: -1.26%

Traditional cash on cash: 1.87%

Airbnb Rental Income: $296

Traditional Rental Income: $5075

Airbnb ROI: -1.26%

Traditional ROI: 1.87%

13427 RIVER RD

Manitowish Waters, WI

3 beds | 3 baths | 4,129 sq.ft.

$1,575,000

Airbnb cash on cash: -1.38%

Traditional cash on cash: 0.72%

Airbnb Rental Income: $296

Traditional Rental Income: $3117

Airbnb ROI: -1.38%