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E1501 PENNY Iola, WI 54945

$647,000
3 Beds  |  3 Baths  |  2,300 Square Feet  |  1.5 Story   |   MLS # 50321019

Description

Tucked at the end of a quiet cul de sac, this inviting Graham Lake home offers frontage and a dock on the Lake & peaceful Leer Creek, set on more than seven private acres with walking trails to explore. The spacious primary suite features its own deck, cozy sitting area, and stunning water views from every window. A formal living room with cozy fireplace is perfect for gathering, while the bright kitchen with two islands & open concept dining area makes entertaining easy. Enjoy the expansive deck, relax in the hot tub, and take in the natural surroundings. Laundry on both levels, an indoor sauna & a charming outdoor bath house add comfort and convenience to this serene waterfront retreat. Plenty of space to roam, host guests, and truly unwind in every season. A true hidden gem!

Property Details

General

Bedrooms: 3

Bathrooms: 3 full / 0 half

Square Feet: 2,300

Tax Amount: $5,938

Architecture: Bungalow

Style of Home: 1.5 Story

Property Type: Single Family Residence

County: Waupaca

Zoning: Residential

Interior

Total Square Feet: 2,300

Sq. Ft. Above Grade: 2,300

Sq. Ft. Below Grade: 0

Fireplaces:

  • One
  • Gas

Appliance Inclusions:

  • Dishwasher
  • Dryer
  • Microwave
  • Gas Oven
  • Range
  • Refrigerator
  • Washer

Basement / Lower Level:

  • Crawl Space
  • Partial

Misc. Inclusions:

  • At Least 1 Bathtub
  • Breakfast Bar
  • Hi-speed Internet Availbl
  • Hot Tub
  • Kitchen Island
  • Sauna
  • Split Bedroom
  • Walk-in Closet(s)
  • Walk-in Shower
  • Water Softener-own

Water Source: Well

Water Type: Lake

Waste: Septic Tank

Heating/Cooling:

  • Forced Air
  • Varies By Unit
  • Window Unit(s)

Heating Fuel: Lp Gas

Main Level

# Full Baths: 2

Family Room: 13 x 14

Kitchen: 16 x 14

Dining Room: 15 x 10

Bedroom #2: 13 x 10

Bedroom #3: 13 x 10

Mud Room: 8 x 10

3 Season Rm: 28 x 7

Upper Level

# Full Baths: 1

Bedroom #1: 16 x 20

Lot / Exterior

Lot Description:

  • Cul-de-sac
  • Rural - Subdivision

# Acres: 7.55

Water Frontage?: Yes

Name of Water Body: Graham Lake

Foundation: Block

Barrier Free Features:

  • 1st Floor Bedroom
  • 1st Floor Full Bath
  • Elevator
  • Laundry 1st Floor
  • Level Drive
  • Level Lot
  • Open Floor Plan

Driveway:

  • Garage # 1-unpaved
  • Garage # 2-none

Water Features:

  • Creek / Stream
  • Dock / Pier
  • No Wake Lake

Home Exterior: Vinyl Siding

Garage/Parking/Driveway:

  • Detached
  • Garage Door Opener

Garage Size: 22x20

Garage #1: 2 Car spaces

Schools

School District: Iola-Scandinavia

Elementary School: Iola/Scandinavia

Middle School: Iola

High School: Iola

Listing Broker

RE/MAX Lyons Real Estate

Directions & Map

49N through Scandinavia to Iola, L on E State St., R on Main St through Iola, R on Anderson Rd, R on Nelson Rd, L on Graham Rd, L on Penny Ln


Listed By: RE/MAX Lyons Real Estate

This listing was last updated by RE/MAX Lyons Real Estate on February 13, 2026, 10:18 am.
Listing has been on the market for 4 days, since February 10, 2026.

This information, provided by seller, listing broker, and other parties, may not have been verified.

Information received from other 3rd parties: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor Paragon Real Estate Group nor RANW MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

Copyright 2026 RANW MLS. All rights reserved. RANW MLS records were last updated on 02/14/2026 6:15 pm.

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