49945 N Lake Owen Drive Cable WI 54821 $3,000,000 Schedule Tour
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For Sale
$3,000,000

49945 N Lake Owen Drive, Cable, WI 54821

4 beds · 3 baths · 3,735 sqft · $803/sqft · 5.31 acres · Built 2000

MLS# 1603626

About 49945 N Lake Owen Drive, Cable, WI 54821

Exceptional Northwoods retreat where timeless log home craftsmanship meets one of Wisconsin’s most coveted lakes.

Privately nestled on 5.3 wooded acres with an extraordinary 350 feet of pristine Lake Owen shoreline, this remarkable estate offers the perfect balance of luxury, privacy, and year-round recreation.

A winding wooded drive welcomes you to the handcrafted log residence, where striking architectural details, soaring timber beams, and colorful wood accents create an unforgettable first impression.

The home offers 4 bedrooms and 3 bathrooms, thoughtfully designed for both comfortable everyday living and effortless entertaining.

The heart of the home is the spectacular great room, where a dramatic floor-to-ceiling wall of windows frames breathtaking views of Lake Owen while filling the space with natural light.

Massive exposed timbers, a stunning stone fireplace, and handcrafted finishes showcase the exceptional quality.

A spacious lower-level family room, complete with a pool table, provides the perfect gathering place for family and friends.

Step outside to multiple covered porches overlooking the lake, beautifully landscaped grounds, and your own private sauna—the perfect place to unwind in every season.

At the shoreline, enjoy two private dock slips, crystal-clear water, natural shoreline, and panoramic views across one of Wisconsin’s clearest and most desirable lakes.

Whether boating, fishing, swimming, or simply enjoying peaceful mornings on the dock, every aspect of this property celebrates the Northwoods.

Surrounded by towering pines and hardwoods, the estate feels tucked away in its own private sanctuary while offering the amenities expected of a premier lakefront property.

Constructed for the nationally televised PBS show, HOMETIME, and combining exceptional craftsmanship, unmatched privacy, and one of the finest settings on Lake Owen, a rare opportunity to own a true legacy estate—one designed to be enjoyed for generations to come.

Property Details

Style
One And One Half Story
Levels
One And One Half
Above Grade Finished
2,160 sq ft
Below Grade Finished
1,575 sq ft
Possession
Close Of Escrow
Heating
Forced Air
Cooling
Central Air
Electric
Circuit Breakers
Water
Drilled Well, Private, Well
Sewer
Septic Tank
Foundation
Poured
Construction
Log
Appliances
Dryer, Dishwasher, Gas Water Heater, Oven, Range, Refrigerator, Range Hood, Washer
Basement
Finished
Fireplace
Wood Burning
Patio & Porch
Concrete, Enclosed, Patio
Parking
Driveway, Gravel, No Garage
Other Structures
Sheds
Waterfront
Lake
Water Frontage
350 ft
View
Lake
HOA
None
School District
Drummond Area
County
Bayfield
Township
Town of Drummond
Directions
From Cable: (UPDATED FOR ROAD CLOSURE IN DRUMMOND) US Highway 63 north toward Drummond take right N Pine Rock Road to left onto Lake Owen Station Road to right onto N Lake Owen Drive to fire number. Sign on property.
Parcel Number
13791
Exclusions
Other-See Remarks, Sellers Personal
Legal Description
PAR IN GOVT LOT 3 IN 2022R- 594665 TOG WITH EASE 69A
Listing Brokerage
McKinney Realty LLC

Flood Zone

Not in a Special Flood Hazard Area · FEMA Zone X
AREA OF MINIMAL FLOOD HAZARD
Federally-backed mortgages do not require flood insurance for properties in this zone.

Source: FEMA National Flood Hazard Layer. Flood maps are updated periodically (typically every 5–10 years per area) and may not reflect current ground conditions or recent improvements. For mortgage purposes, your lender may obtain an official Flood Determination from a licensed firm. Always verify before making decisions.

About Lake Owen

This property is on Lake Owen, a lake in Bayfield County.

Surface area
1,250 acres
Max depth
95 ft

Public access: Public boat access available.

Fish species:
Panfish Largemouth Bass Smallmouth Bass Northern Pike Walleye
Aquatic invasive species present: Chinese Mystery Snail, Hybrid Cattail, Phragmites (non-native), Yellow Iris

View Lake Owen on the WI DNR lake portal →

Source: Wisconsin DNR · lake data as of July 2026. Lake information is provided for general reference only and may not reflect current conditions. Verify independently before making decisions.

Location

  • Parks
  • Boat landings

What's Near 49945 N Lake Owen Dr, Cable, WI 54821

Nearby Boat Landings

Nearby Bike Trails

Cable Area Schools

Drummond Area School District

Elementary
Drummond Elementary (PK-06)
Middle
Drummond Junior High (07-08)
High
Drummond High (09-12)

School information is sourced from public NCES data (assigned public schools from attendance-boundary data; nearby private schools and colleges by distance) and may change. Confirm directly with the school or district before relying on it.

Cable Property Taxes

Annual tax
$17,469.66 (2025)
Parcel #
13791
County
Bayfield

Mortgage Calculator

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Principal & interest
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Property tax (est.)
$0
Home insurance (est.)
$0

Estimate only. Insurance assumed at 0.4% of home price annually; property tax from MLS data when available, otherwise 1.5%. Not a loan offer — confirm with your lender.

More Homes near 49945 N Lake Owen Dr Cable, WI 54821

This website is a service of 1 Reason Realty, a broker participant of the Northwestern Wisconsin MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.