Eagle River Housing Update: Riverside Park Rezoning, New Listings Signal Early 2026 Activity
Eagle River, WI – March 12, 2026 – A park rezoning for housing and fresh land listings highlight early 2026 movement in the local market.
Top takeaways
- City approved rezoning of Riverside Park property for potential housing.
- Zillow shows 49 homes for sale as of January 31, 2026.
- New land listings in February point to continued development interest.
Riverside Park rezoning moves forward
Eagle River officials approved a zoning change in January that would allow housing development on the county-owned Riverside Park property between the river and the fairgrounds. The action clears a key hurdle for potential residential use, though specific site plans and unit counts have not yet been finalized publicly.
Supporters have framed the move as a way to address local housing needs and expand the tax base, while some residents have voiced concerns about future use of the underutilized site. Additional details are expected as proposals advance through the city process.
Market snapshot
Inventory remains relatively tight. Zillow reports 49 homes for sale in Eagle River as of January 31, 2026, reflecting limited active supply in the heart of Vilas County. Realtor.com’s local market dashboard continues to track pricing and rental trends, with seasonal fluctuations typical for Northwoods communities.
Low inventory combined with steady buyer interest has kept competition focused on well-priced properties, especially year-round homes suitable for primary residence.
What’s for sale nearby
- A newly listed 4.8-acre vacant parcel (February 5, 2026) marketed at $495,000, positioned as a potential development opportunity within city limits.
- Mixed-use and commercial-zoned parcels remain available, offering options for builders or investors exploring housing or hybrid projects.
As spring approaches, listing activity often accelerates, particularly for land and waterfront-adjacent properties.
Sources
Are you seeing more buyer traffic or new listings in your neighborhood this month?