DNR offers to sell 765 feet of prime Rest Lake frontage for $275,000 in closed deal
On Wednesday, Sept. 22 the Natural Resources Board during its meeting in Bowler will have the final say on whether the DNR will be allowed to sell 765 feet of frontage on Vilas County’s Rest Lake in the town of Manitowish Waters for $275,000.
The DNR real estate office has worked out a deal to sell Elizabeth Uihlein 1.75 acres of lakefront property that sits between Rest Lake and her 11-unit condominium complex that – as of now – does not have lake access.
The strip of land is roughly 100 feet deep the entire length of the 765 feet of frontage, according to a DNR document outlining the proposed sale. It sits on the lake’s northwest shoreline, just north of a town park and boat landing on the lake.
The DNR came up with appraised values raning from $238,000 ($311 per foot) to $384,000 ($501 per foot) and agreed to sell the parcel to Uihlein for $275,000 ($359 per foot).
Uihlein a condominium complex called Rest Lake Apartments, LLC, that sits on almost 16 acres of what used to be DNR-owned state forest land. According to the DNR document, the DNR gave the town of Manitowish Waters 15.8 acres in 1994. At that time, the town planned to use the land for a housing development. The DNR maintained ownership of the 1.75-acre parcel now in question that includes the 765 feet of Rest Lake frontage. The housing development did not work out and the town of Manitowish Waters sold the land to a private party, according to the DNR document.
A more recent sale of the condo complex ended with Uihlein the current owner.
According to George Meyer, executive director of the Wisconsin Wildlife Federation, no other potential buyers were involved.
“This was a direct negotiation. There was no public notice until now,” said Meyer.
According to a report inthe Milwaukee Journal-Sentinel, Uihlein and her husband, Richard, have donated nearly $3 million to Gov. Scott Walker in recent years.
All NRB meetings are now webcast. Citizens may watch the meetings via a link found on the NRB home page at http://dnr.wi.gov/about/nrb/agenda.html. The Wednesday, Sept. 23 meeting will begin at 8:30 a.m. The Rest Lake agenda item is 3B5.