What is the average price per acre for property on Chamber Island in Door County, Wisconsin?
This is a difficult question, whose answer can’t be readily determined. The Wikipedia article for Chambers Island links to the US Census data for the area. It appears that there are only 59 “Housing Units” on Chambers Island. The Lighthouse appears to be government property. A Google search for “green bay real estate” led me to the Coldwell Banker site. They have a search feature for an area (Door County) and by Land and Lots. Many areas had lots in the $15-$25,000 range per acre, ranging from 1 to 5 acres. However, certain areas (Ellison Bay) were many times more expensive. Waterfront land is more expensive almost everywhere in the world, usually a premium of 2 to 5 times the cost per acre. Chambers Island might have an added premium, as residents would probably need a boat for groceries, medical needs, and other essentials. But this is complicated by the nature of the market. You would be waiting in line for an owner to sell their property, an event which may only happen a few times
