Lori Gustafson

1741 120th Street

Balsam Lake, WI
$ 795,000 Beds 2 Baths 1 Sq 1,253
Monthly Estimate* How much can I afford?

Balsam Lake, Wisconsin year-round cabin on Dixie Bay, less than 2 hours from the Twin Cities! Tucked down old Leeland Court just before the Big Narrows, where boats slow down, this updated lake cabin puts great fishing right out front on one of Western Wisconsin's most sought-after lakes. Inside, it's every bit as adorable as the photos, and the layout makes it more functional than you'd expect. Extensive updates (see list) include shiplap walls, knotty pine ceilings, fresh paint throughout, and newly painted siding. On the main level, a bright, window-lined dining room flows into the living room with its brick fireplace, and on to a kitchen with a beverage fridge and a cozy eat-in table. The walkout lower level has a family room with a wall of lake-view windows that opens right onto the stone patio. Outside, the .44-acre lot is made for entertaining, lawn games, and chill evenings around the fire. Updates include new landscaping, stone stairs, an extended flagstone patio, and privacy fencing, and there's a detached garage for the boat and toys. Two docks and some furniture and décor are included. It's a low-maintenance lake home as it is, and the lot leaves room to expand the cabin down the road (buyer to verify with Polk County zoning). Balsam Lake offers over 1,900 acres for boating, fishing, and swimming, plus two restaurants and a full-service marina. Move in now, enjoy fall color and cozy winter nights by the fire, and make plans for your next season on the lake. Start living your best life on Balsam Lake today!

Single Family

  • Price
  • $ 795,000
  • City
  • Balsam Lake
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • POLK
  • Half Bathrooms
  • 0
  • Area
  • Prospect Point
  • Lot Size
  • 0.44 Acres
  • Zip
  • 54810
  • Sqr Footage
  • 1,253
  • Year Built
  • 1940
  • Taxes
  • $ 6355
  • Style
  • Single Family
  • MLS#
  • 7149534
Listed By: Real Broker, LLC
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1253
Sewer Holding Tank,Private Sewer
Heating Baseboard,Fireplace(s),Wood Stove
Cooling Window Unit(s)
Roof Age Over 8 Years,Metal
Appliances Electric Water Heater,Range,Refrigerator,Wine Cooler
Garage Spaces 3
Pool Features None
Year Built 1940
View Lake,Panoramic,West
Levels One
Property Subtype Single Family
Tax Year 2025
Waterfront Features Dock,Lake Front,Lake View
Accessibility None
County Polk
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Prospect Point
Directions 120th St previously 1755 Leeland Ct.
City Balsam Lake
High School District Unity
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 6355.71
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),Dock,Kitchen Window,Patio
PostalCity Balsam Lake

Interior Features

Basement Finished,Full,Walkout
Total Fireplaces 1
Fireplace Features Brick,Family Room,Living Room,Wood Burning,Wood Burning Stove
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 648
3/4 Baths 1
Total Bedrooms 2
Below Grade Finished Area 605
Total Baths 1
Bath Desc 3/4 Basement
Dining Room Description Breakfast Area,Informal Dining Room
Foundation Dimensions 27x24
Fuel Electric
Garage Dimensions 31x24
Garage Door Width 8
Garage Square Feet 744
Waterfront Feet 100

Exterior Features

Fencing Partial
Parking Features Detached Garage
Lot Features Tree Coverage - Medium
Water Source Well
Lot Size Area 0.44
Building Area Total 1296
Lot Dimensions 100x178x135x119
Waterfront Y/N Yes
Foundation Area 648
Road Frontage Type Paved Streets,Township
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/24/2026 Listed $795,000

Property vs Zip Code Average in 54810

Price
AVG $340K
$800K
Taxes
AVG $2,624
$6,355
Year Built
AVG 1995
1940
Visits
AVG 13
9
Data Provided by Inside Real Estate®

Areas That We Cover

1741 120th Street Balsam Lake, WI is a Single Family Home for sale at $795000 with 1253 sqft and a lot size of 0.44 Acres Acre(s). 1741 120th Street Balsam Lake has 2 bedrooms, 1 baths and was built in 1940. The property's zip code is 54810 which is in Balsam Lake, WI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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