Active-no offer

Price cut: $125K (3/20)

$2,375,000

5678 Morrison Rd, De Pere, WI 54115

3beds

2,128sqft

Est.:

Single Family Residence

Built in 2002

40 Acres Lot

$2,271,600 Zestimate^®

$1,116/sqft

$-- HOA

What's special

Tack roomWalkout basementVaulted ceilingsIn floor radiant heatLaundry roomOpen-concept layoutIndoor riding arena

Potential $300,000 revenue-generating horse facility with rental stalls and a home situated on 40 acres! Over $570,000 of improvements have been made, making this an amazing business opportunity for horse enthusiasts, trainers, or boarding operations. This exceptional property includes a 31-stall barn with an indoor riding arena, tack room, bathroom, laundry room, in floor radiant heat, and plenty of space for equipment. Pastures have new winter waterers. An additional hay barn, full of hay, is included. The ranch-style 3 bedroom home offers an open-concept layout with vaulted ceilings and a walkout basement, providing comfortable living or great rental opportunity. Carpet on the stairs will be replaced. See additional documents for cash flow analysis, improvements, and included equipment.

113 days

1,322

34

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3

Bedroom 1

Level: Main
Dimensions: 19x14

Bedroom 2

Level: Main
Dimensions: 13x11

Bedroom 3

Level: Main
Dimensions: 11x11

Dining room

Level: Main
Dimensions: 13x11

Kitchen

Level: Main
Dimensions: 15x11

Living room

Level: Main
Dimensions: 26x18

Other

Description: Laundry
Level: Main
Dimensions: 9x8

Heating

Forced Air

Cooling

Forced Air, Central Air

Features

At Least 1 Bathtub, Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s), Walk-in Shower
Windows: Skylight(s)
Basement: Full,Sump Pump
Number of fireplaces: 1
Fireplace features: One, Wood Burning

Interior area

Total interior livable area: 2,128 sqft
Finished area above ground: 2,128
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Attached, Basement
Attached garage spaces: 2

Accessibility

Accessibility features: 1st Floor Bedroom, 1st Floor Full Bath, Laundry 1st Floor, Open Floor Plan

Features

Patio & porch: Deck

Lot

Size: 40 Acres
Features: Horses Allowed

Details

Parcel number: R402
Zoning: Agricultural,Residential
Horses can be raised: Yes

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Brick
Foundation: Poured Concrete

Condition

New construction: No
Year built: 2002

Utilities & green energy

Sewer: Mound Septic
Water: Well

Community & HOA

Location

Region: De Pere

Financial & listing details

Price per square foot: $1,116/sqft
Tax assessed value: $1,004,500
Annual tax amount: $11,663
Date on market: 12/10/2025
Inclusions: LS Tractor, hay barn, lean tos, waterers, Hay feeders, manure spreader, water trailer, hay ride wagon, arena drag, see attached documents for more.
Exclusions: Sellers personal property

Estimated market value

$2,271,600

$2.16M - $2.39M

$2,857/mo

Price history

Date	Event	Price
3/20/2026	Price change	$2,375,000-5%$1,116/sqft
Source: RANW as distributed by MLS GRID #50319070 Report a problem
1/29/2026	Listed for rent	$2,995$1/sqft
Source: Zillow Rentals Report a problem
1/13/2026	Price change	$2,500,000-3.8%$1,175/sqft
Source: RANW as distributed by MLS GRID #50319070 Report a problem
12/10/2025	Listed for sale	$2,600,000+44.8%$1,222/sqft
Source: WIREX MLS #50319070 Report a problem
5/31/2022	Sold	$1,795,000-18.4%$844/sqft
Source: RANW as distributed by MLS GRID #50250060 Report a problem
4/8/2022	Pending sale	$2,199,500$1,034/sqft
Source: RANW as distributed by MLS GRID #50250060 Report a problem
4/3/2022	Contingent	$2,199,500$1,034/sqft
Source: WIREX MLS #50250060 Report a problem
10/22/2021	Listed for sale	$2,199,500$1,034/sqft
Source: RANW as distributed by MLS GRID #50250060 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$12,200 +30.6%	$1,004,500 +58.2%
2023	$9,345 +6.8%	$634,800 +0.9%
2022	$8,748 -6.2%	$629,400 +0.1%
2021	$9,322 -0.7%	$629,000 +0%
2020	$9,385 -11.3%	$628,700 +0%
2019	$10,585 +2.8%	$628,500 -0.1%
2018	$10,298 +0.4%	$629,100 +8288%
2017	$10,261 -4.3%	$7,500 -98.8%
2016	$10,720 -1.8%	$614,000 -2.4%
2015	$10,914	$629,200
2014	--	$629,200 +21.1%
2004	$10,228 +2%	$519,400
2003	$10,032	$519,400